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The Lands: Real Estate Ownership Law Does Not Introduce New Taxes or Fees
The Jordanian Land and Survey Department has confirmed that the Real Estate Ownership Law aims to facilitate procedures for resolving joint ownership issues and address longstanding unresolved cases. Additionally, it seeks to digitize all real estate procedures and transactions, such as electronic sales and digital signatures. The department clarified that the law does not impose new taxes or fees; rather, its goal is to support investment and stimulate the real estate sector. It also aims to regulate the provisions for sale commitments and simplify the sale of units within developments. Furthermore, the proposed amendments are expected to help revitalize the construction, contracting, and real estate investment sectors.
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