100 Days
Source:
الوكيل الإخباري
Government Announces Key Features of Amended Real Estate Ownership Law Draft
The article pertains to a draft proposed amendment to the Real Estate Ownership Law in Jordan for 2026. The goal is to streamline and digitize property procedures, accelerate sale and subdivision processes, eliminate common ownership to facilitate transactions, and reduce time and costs for citizens. The project also aims to strengthen trust in the real estate market and stimulate investment by regulating non-Jordanian ownership and providing periodic market data. Additionally, it includes a requirement for acquiring entities to pay compensation for expropriation within five years and seeks to enhance transparency and governance. This comes in response to feedback from investors and citizens, as part of the government's efforts to consult before issuing new legislation.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)