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الحقيقة الدولية
House of Representatives reviews property law draft
The House of Representatives discussed the amended draft law of the Real Estate Ownership Law 2026, aimed at developing the investment environment in the real estate sector, increasing transparency, and enhancing decision-making efficiency through the digitization of all procedures and transactions. The bill also seeks to expedite joint ownership resolution cases and provide greater flexibility to creditors in managing properties. The project includes improvements to property subdivision procedures, reduces restrictions on sale and pre-separation of properties, and obligates the government to pay compensation for expropriations within five years. Additionally, the bill addresses conflicts between joint ownership removal provisions and agricultural land laws, offering facilitation measures to enable easier and more flexible investments. The overall goal is to attract more investors and achieve greater real estate stability.
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