Al-Nuwab approves five real estate articles
The House of Representatives approved the new amendments to the Real Estate Law of 2026, which aim to develop the services of the Land and Survey Department and enhance the investment environment in the real estate sector. The amendments include allowing the use of electronic means and visual and auditory communication in all Department transactions, establishing an organizational unit to manage and regulate the real estate market, and transferring the authority to issue the “Settlement Order” from the Department Director to the Council of Ministers. Additionally, the amendments incorporate the interests of roads and railways within the definitions of roads, facilitate property ownership procedures for investors and state-owned companies, promote investment, reduce restrictions on property ownership, and streamline real estate transaction procedures.
Notice: This Is an AI-Generated Summary
Comments (0)