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جراءة نيوز
(Lands and Area) Clarifies Details of the Real Estate Ownership Draft Law
The Land and Survey Department confirmed that the Real Estate Ownership Law aims to facilitate the implementation of joint ownership removal transactions and address longstanding unresolved issues. It also includes digitizing procedures and real estate contracts, such as electronic sales and digital signatures. The law, approved by the Parliamentary Legal Committee, is considered an important step to support investment and stimulate the real estate sector, without imposing new taxes or fees. It will help regulate off-plan sales and revitalize the construction and contracting industries. The project seeks to modernize the legal framework for the real estate sector, improve services, and strengthen property rights.
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