Statute of Real Estate Ownership by Gulf Cooperation Council (GCC) Nationals within Member States for Residential and Investment Purposes

Release Date:	1432-04-03
Release Tool:	Royal Decree
Issuance Instrument Number:	m/22
Validity:	Valid
Summary:	By AI King Abdullah bin Abdulaziz Al Saud issued a royal decree regulating the ownership of real estate by citizens of the Gulf Cooperation Council countries in the member states for the purposes of accommodation and investment. The decision is based on articles from the Basic Law of Governance and the Shura Council Law, and includes detailed regulations on how to own real estate. The decree requires the Prime Minister and the relevant ministers to implement it. The regulation aims to achieve equality...

Release Date:

1432-04-03

Release Tool:

Royal Decree

Issuance Instrument Number:

m/22

Validity:

Valid

Summary:

By AI

King Abdullah bin Abdulaziz Al Saud issued a royal decree regulating the ownership of real estate by citizens of the Gulf Cooperation Council countries in the member states for the purposes of accommodation and investment. The decision is based on articles from the Basic Law of Governance and the Shura Council Law, and includes detailed regulations on how to own real estate. The decree requires the Prime Minister and the relevant ministers to implement it. The regulation aims to achieve equality...