Executive Council Resolution No.
(36) of 2024
Forming
the
Real
Estate Investment Funds Committee[1]
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We,
Hamdan bin Mohammed
bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive
Council,
After
perusal of:
Law
No. (7) of 2013 Concerning the Land Department;
Law
No. (26) of 2023 Concerning the Executive Council of the Emirate of Dubai;
Decree
No. (22) of 2022 Approving the Grant of Privileges to Real Estate Investment
Funds in the Emirate of Dubai; and
Decree
No. (1) of 2023 Concerning Governance of the Councils/ Boards and Committees
Affiliated to the Government of Dubai,
Do
hereby issue
this Resolution.
The
Real Estate Investment Funds Committee (the “REIFC”) is hereby formed
under the chairmanship of Mr. Majid Saqr Abdullah Al Marri, and with the
membership of:
1.
Mr.
Hadi
Mohammed Taher Badri, as vice chairman;
2.
Dr. Abdullah Mohammed Al Saigh Al
Ghafri, as Member;
3.
Mr. Khalifa Ahmed Rabaa Al Shehhi,
as Member;
4.
Mr. Abdulla Yaqoob Sayed Ahmed Al
Hashimi, as Member;
5.
Mrs. Mariam Obaid Humaid Al Muhairi,
as Member; and
6.
Mr. Hussain Mohammed Al Banna, as
Member.
The
provisions of the above-mentioned Decree No. (1) of 2023 and the resolutions
issued in pursuance thereof apply to all matters related to the governance of
the REIFC; the procedures for convening its meetings and passing its resolutions
and recommendations; the confidentiality of information; and the obligations
and duties of the Chairman, Members, and Rapporteur of the REIFC.
The
Chairman of the REIFC will submit
periodic reports to the Executive Council on the outcomes of the REIFC’s work.
The
Land Department will provide administrative and technical support to the REIFC
to enable it to perform its functions under
the
above-mentioned
Decree No. (22) of 2022, the resolutions issued in pursuance thereof, and other
legislation in force in the Emirate of Dubai.
All
Government Entities in the Emirate of Dubai must fully cooperate with the REIFC
and its sub-committees and work teams; and must provide the REIFC with the
data, information, documents, statistics, and studies it requests and deems
necessary to enable it to exercise its duties and functions under the
above-mentioned Decree No. (22) of 2022, the resolutions issued in pursuance
thereof, and other legislation in force in the Emirate.
The
Chairman of the REIFC will issue the resolutions required for the
implementation of the provisions of this Resolution.
This
Resolution comes into force on the day on which it is issued, and will be
published in the Official Gazette.
Hamdan
bin Mohammed bin Rashid Al Maktoum
Crown
Prince of Dubai
Chairman
of the Executive Council
Issued in
Dubai on 13 June 2024
Corresponding to 7 Thu al-Hijjah 1445 A.H.
©2024 The Supreme Legislation Committee in the
Emirate of Dubai
[1]Every effort has been made to produce an
accurate and complete English version of this legislation. However, for the
purpose of its interpretation and application, reference must be made to the
original Arabic text. In case of conflict, the Arabic text will prevail.