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General UAE Legal Questions LawLaw No. (11) of 2011

Dubai Law·11 of 2011

Issued Date
June 16, 2011
Effective from
June 16, 2011
Articles
7
Last synced
Sep 7, 2026
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Plain-language summary

Establishes Dubai Real Estate Corporation as a government-owned commercial entity to own, manage, develop, and invest in real property registered to the Dubai g…

Synced from the official UAE Legislation portal · Plain-language summary by the LEXAI editorial team

Article-level text

Key Articles

7 articles

  1. 1

    Article 1

    Article (1) Articles (2), (3), (5), (8), and (19) of the Original Law are hereby superseded by the following:

  2. 2

    Article 2

    Article (2) This Law comes into force on the day on which it is issued, and will be published in the Official Gazette. Mohammed bin Rashid Al Maktoum Ruler of Dubai Issued in Dubai on 16 June 2011 Corresponding to 14 Rajab 1432 A.H.

    -- 3 of 3 --

  3. 2

    Article 2

    Article (2) The following words and expressions will have the meaning indicated opposite each of them unless the context implies otherwise: Ruler: His Highness the Ruler of Dubai. Emirate: The Emirate of Dubai. Government: The Government of Dubai. Executive Council: The Executive Council of the Emirate. © 2015 The Supreme Legislation Committee in the Emirate of Dubai 1Every 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.

    -- 1 of 3 --

    Law No. (11) of 2011 Amending Law No. (14) of 2007 Establishing the Dubai Real Estate Corporation Page 2 of 3 DREC: The Dubai Real Estate Corporation. Board of Directors: The board of directors of the DREC. CEO: The chief executive officer of the DREC.

  4. 3

    Article 3

    Article (3) Pursuant to this Law, a Government-owned public corporation conducting its business on a commercial basis and named the “Dubai Real Estate Corporation” (DREC) is established. The DREC will have legal personality, financial and administrative autonomy, and the legal capacity to undertake all acts and dispositions required to ensure the achievement of its objectives. The DREC may enter into contracts with third parties, sue and be sued in its own name, and appoint any person to represent it for this purpose. The DREC will be affiliated to the Ruler.

  5. 5

    Article 5

    Article (5) The objective of the DREC is to own and manage the Real Property registered in the name of the Government or any Government department, including to: 1. own, develop, invest, use, and exploit the commercial and industrial land and Real Property existing in the Emirate; 2. provide construction, implementation, marketing, and management services for buildings, and commercial and Real Property; and 3. develop, purchase, sell, lease out, and manage the Real Property registered in the name of the DREC.

  6. 8

    Article 8

    Article (8) The Board of Directors will manage the DREC and undertake general supervision of its administrative, technical, and financial affairs, and will pass the resolutions and take the actions it deems appropriate for the achievement of the objectives of the DREC, including to: 1. set the general policy and project plans of the DREC; 2. approve the draft budget of the DREC; 3. authorise the CEO to exercise certain powers of the Board of Directors;

    -- 2 of 3 --

    Law No. (11) of 2011 Amending Law No. (14) of 2007 Establishing the Dubai Real Estate Corporation Page 3 of 3 4. prepare the organisational structure and bylaws regulating the administrative, financial, and technical work of the DREC, and 5. appoint auditors and determine their remuneration at the beginning of each financial year.

  7. 19

    Article 19

    Article (19) 1. The DREC will retain any revenues generated from the sale or privatisation of its assets, subsidiaries, or activities. 2. Law No. (35) of 2009 Concerning Management of the Public Funds of the Government of Dubai will not apply to the DREC.

Note: This legislation is sourced from the Dubai Legislation Portal (dlp.dubai.gov.ae). The original Arabic text is the authoritative version.

Articles in this law(7)
  1. 1Article (1) Articles (2), (3), (5), (8), and (19) of the Original Law are hereby
  2. 2Article (2) This Law comes into force on the day on which it is issued, and will
  3. 2Article (2) The following words and expressions will have the meaning indicated
  4. 3Article (3) Pursuant to this Law, a Government-owned public corporation conducti
  5. 5Article (5) The objective of the DREC is to own and manage the Real Property reg
  6. 8Article (8) The Board of Directors will manage the DREC and undertake general su
  7. 19Article (19) 1. The DREC will retain any revenues generated from the sale or pri
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