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GCC Council approves unified property rules
Unified rules have been adopted for owners of shared properties across the Gulf Cooperation Council countries. The Council of Ministers issued 14 new decisions aimed at strengthening and regulating the rights associated with shared ownership structures in the region. These decisions are part of the Council’s efforts to review regional developments and establish memoranda of understanding and improvements designed to enhance property management and foster cooperation among member states. These initiatives include organizing shared ownership more transparently and updating legislation to better protect the rights of property owners and real estate partnerships in the Gulf.
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