The Ministry of Finance (MoF) has announced the UAE Cabinet's approval of new tenancy policies and procedures for the federal government, aimed at standardising and documenting leasing terms and conditions.
Younis Haji Al Khoori, Under-Secretary of the MoF, emphasized the significance of this initiative in enhancing the UAE's financial business environment and promoting sustainable government financial practices.
These newly adopted policies provide a comprehensive framework for managing federal properties, aligning with Federal Decree-Law No. (35) of 2023. The framework includes rules and regulations governing the tenancy relationship between landlords and tenants of federal properties across the UAE. The policies ensure the optimal utilisation and management of these properties, adhering to best practices in property management.
The primary goal of the policies is to serve as a reference for all federal employees involved in tenancy operations, ensuring the consistent and accurate implementation of leasing procedures. They also aim to eliminate ambiguities in lease agreements by clearly defining the responsibilities of employees managing and executing tenancy operations.
The scope of these policies covers various aspects, including different property types, tenant categories, and provisions related to planning, pricing, and leasing procedures. The types of properties available for lease include real estate and buildings owned or transferred to the federal government, both domestically and internationally, as well as facilities designated for public use.
The initiative reflects the MoF's commitment to continually developing the legislative environment to enhance property management strategies, thereby supporting the UAE's vision of excellence in financial governance.
News Source: Emirates News Agency
