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Nationals get grace period extension for house construction
DUBAI - The construction grace period in the lands granted to UAE nationals in Dubai for the residential purposes,
Has been extended to more five years. The newly extended grace period will be effective the following day of the expiry date of the first period in Feb. 2010.
Issued by Vice President and Prime Minister of UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum, the grace period order, aims at providing another opportunity for the beneficiaries to re-arrange their construction procedures without pressures. The move will also help them benefit from the lower current prices of the building materials.
Mohammed Al Shebani, director of Dubai Ruler’s Court, Board Chairman of the Mohammed bin Rashid Housing Establishment (MBRHE), thanked Sheikh Mohammed for “this kind gesture, which reflects his follow up of living conditions of the citizens”. He added that the move comes in the wake of Sheikh Mohammed’s waive of the special administrative fees, which used to be paid by the beneficiaries to the MBRHE when they got the residential units.
Sami Al Gargash, executive director of the MBRHE, said that it was natural for Sheikh Mohammed to take such a move, citing the lands granted by the MBRHE five years ago to the UAE nationals and the new grace period to further allow them build their houses.
The lands were allocated for the UAE nationals for five years. As the construction ultimatum will expire by Feb. 2010, another grace period was issued to give them sufficient time to build their houses.
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