Law of Time-Share Properties

Release Date:	1427-08-20
Release Tool:	Royal Decree
Issuance Instrument Number:	m/52
Validity:	Valid
Date of last amendment:	1442-02-05
Summary:	By AI The text pertains to the draft Law on Timeshare in Tourist Real Estate in Saudi Arabia, and includes directives from the Head of the Council of Ministers' Bureau, a decision from the Council of Ministers, and a royal decree approving the law. The law defines key terms such as "tourist real estate units" and "timeshare contract," and stipulates that the contract must be for a duration of no less than three years. The law requires a license from the authority to conduct the activity, and the annou...

Release Date:

1427-08-20

Release Tool:

Royal Decree

Issuance Instrument Number:

m/52

Validity:

Valid

Date of last amendment:

1442-02-05

Summary:

By AI

The text pertains to the draft Law on Timeshare in Tourist Real Estate in Saudi Arabia, and includes directives from the Head of the Council of Ministers' Bureau, a decision from the Council of Ministers, and a royal decree approving the law. The law defines key terms such as "tourist real estate units" and "timeshare contract," and stipulates that the contract must be for a duration of no less than three years. The law requires a license from the authority to conduct the activity, and the annou...