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Lands deny imposing new fees in the real estate ownership law
The Lands and Surveys Department confirmed that the real estate ownership bill aims to facilitate real estate transactions, including eliminating co-ownership and enabling electronic sales, without imposing new taxes or fees. Its purpose is to promote investment and invigorate the real estate sector, while also regulating provisions related to purchase agreements and allowing the sale of units based on plans. The law is considered a step towards simplifying procedures, supporting economic activity in the real estate field, and revitalizing the construction and contracting sectors.
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