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Al-Huqail praises leadership on property ownership rules
The Cabinet approved the new executive regulation for the Non-Saudi Property Ownership System, which specifies the permitted areas for ownership, types of rights, and the necessary procedures. This step is part of the ongoing development of the real estate legislative framework to enhance the attractiveness of the Saudi real estate market, while taking into account the special status of religious sites such as Mecca and Medina. Additionally, these modifications contribute to regulating ownership processes, increasing transparency, and achieving a balanced real estate market in the Kingdom.
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