We Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council,

After perusal of Dubai Law No. 3/2003 on the establishment of the Executive Council of the Emirate of Dubai,

Dubai Law No. 7/2006 on Real Estate Registration in the Emirate of Dubai,

Dubai Law No. 27/2007 on Joint Ownership of Real Estate in the Emirate of Dubai,

Dubai Law No. 13/2008 on the Preliminary Regulation of the Land Registry in the Emirate of Dubai, as amended,

Dubai Law No. 14/2009 on Pricing of Government Services in the Emirate of Dubai,

Dubai Law No. 35/2009 on the Management of Public Funds of the Government of Dubai and its amendments,

Dubai Law No. 7/2013 on the Land Department,

Dubai Decree No. 4/2010 on the Regulation of Titling of Granted Industrial and Commercial Land in the Emirate of Dubai,

And on the Dubai Executive Council Decision No. 24/2006, on the Implementation of Certain Transaction Fees on Real Estate in the Emirate of Dubai,

We decided the following: