MoF Official Highlights Legislative Advancements for Sustainable Financial Excellence

Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, affirmed that the UAE Cabinet's adoption of tenancy policies underscores the importance of continuously developing the legislative environment to enhance the financial business landscape in the UAE and promote excellence in sustainable government financial practices.

The Cabinet recently approved the adoption of tenancy policies and procedures within the federal government to document and standardise the terms and conditions of tenancy.

These policies outline the rules and regulations to be followed when leasing and renting federal properties, thereby regulating the relationship between landlords and tenants across the emirates.

Comprehensive Policies

The Ministry of Finance has reviewed and developed tenancy policies and procedures in the federal government to establish a robust framework that supports comprehensive, best-practice-aligned property management strategies.

This initiative falls within its jurisdiction to manage, organise and develop policies and procedures related to movable and immovable properties of the federal government.

It aligns with Federal Decree-Law No. (35) of 2023 concerning federal properties, which necessitates the development of policies and procedures related to real estate in the federal government, thereby enabling optimal utilisation and management in line with best practices.

The tenancy policies are designed to standardise and document the procedures and policies used across the federal government, serving as the primary reference for all employees involved in tenancy operations.

This ensures the accurate implementation of approved policies and procedures while providing clear, detailed guidelines that comply with existing laws and regulations concerning the leasing of premises.

Additionally, the policies aim to regulate the relationship between landlords and tenants of federal properties across the UAE, minimising ambiguity or inconsistency in lease agreements and clearly defining the responsibilities of employees managing and executing tenancy operations.

Types of Properties and Tenants

The tenancy terms for federal properties outlined in these policies cover various aspects, including property types, tenant categories and provisions related to planning, pricing and leasing procedures.

The types of federal properties available for lease include a wide range of real estate and buildings owned by the government, those transferred to the government or any federal entity, whether within or outside the country, as well as facilities owned by federal entities and designated for public use.

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