PM issues law lost & abandoned property in Dubai

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PM issues law lost & abandoned property in Dubai

PM issues law lost & abandoned property in Dubai

(Dubai) – In his Capacity as Ruler of Dubai, UAE Vice President and Prime Minister His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Law No. (5) of 2015 on lost and abandoned property in the emirate of Dubai.
Article (2) of the law defined the lost properties as the monies and properties that are acquired by law, has a value, lost by its lawful owner without deliberate intention and found within the emirate of Dubai. Further, the abandoned monies are the monies and properties that are acquired by law and their lawful owner deliberately abandon them.
Pursuant to the law, finder of any lost and/or abandoned property is oblige to submit such properties or monies to the police within 48 hours and may not act ownership on them; violation of such act is subject to criminal liability. The police issue a report including detailed description and any other relevant information.
(Courtesy WAM)