Sharjah: H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Sharjah Executive Council (SEC), chaired a council meeting at the Ruler's Office, attended by H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah. The meeting led to a decision to regulate the auction sale of special vehicle number plates in the Emirate of Sharjah.
According to Emirates News Agency, the council discussed several agenda topics aimed at monitoring and improving the performance of government departments. Additionally, they focused on developing the legislative framework to enhance government work and achieve sector integration for community service. The council concluded the first regular session of the twentieth annual term for municipal councils in the Emirate, officially ending on Thursday, 8 Muharram 1447 AH, corresponding to July 3, 2025. During the interim period between sessions, the general committees of the municipal councils will continue managing their affairs.
The council's decision to regulate the auction sale of special vehicle number plates involves the Sharjah Police General Command. The police will oversee the auctions, setting up conditions, regulations, and specifying plate numbers and category codes. They will also contract with specialised companies and manage additional tasks assigned by the Executive Council.
The decision further stipulates that licensed investment funds registered with the Securities and Commodities Authority and listed in the investment funds register have certain rights concerning real estate ownership and use in the emirate. Private investment funds fully owned by UAE or GCC nationals, along with public investment funds, can own real estate in all emirate areas and use it in approved usufruct sale projects. Funds with units owned by non-UAE and non-GCC nationals are limited to owning real estate in projects approved for foreign sale and using real estate in approved usufruct projects.
Legal articles within the decision address ownership and usufruct conditions, investment fund registry, powers of the Real Estate Registration Department, fees, data updates, suspension of fund transactions, and trading of private fund units.