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The approval of the Executive Regulations for non-Saudis' property ownership by the Council of Ministers has redefined the Saudi real estate market. It focuses on establishing a stable and transparent legal framework that enhances trust and supports economic development. The legislation aims to attract long-term investors and improve the quality of real estate offerings, while also supporting related sectors such as property management, valuation, and legal services. This contributes to the market's sustainability, competitiveness, and stability.
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