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الوقائع الإخبارية
House approves new real estate law
The House of Representatives approved an amended draft law of the Real Estate Ownership Law for the year 2026, with the aim of enabling the Land and Survey Department to receive and offer its services electronically. Additionally, the law grants appraisal committees the authority to assess property values based on specific standards, in order to promote fairness in compensation for expropriation. The law also authorizes the transfer of land ownership from government properties to investment funds and government companies, aiming to support investment and facilitate property ownership, while emphasizing the protection of parties’ rights and adherence to auction rules. The project's goal is to enhance transparency and simplify real estate procedures, thereby strengthening the investment environment and safeguarding the rights of citizens.
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