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Saudi Cabinet Approves GCC-Wide Rules for Joint Property Owners
The Saudi Cabinet approved a GCC-wide code for jointly owned real estate, covering governance, common areas, and disputes. The rules cut cross-border legal gaps for investors across the six member states.
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The Saudi Cabinet, chaired by King Salman bin Abdulaziz, approved the Unified Rules for Owners of Jointly Owned Real Estate, a set of regulations that apply across all Gulf Cooperation Council states. The move standardizes the legal framework for shared property ownership in Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and Bahrain.
The rules cover governance of jointly held real estate, including rights and obligations of co-owners, management of common areas, and dispute resolution procedures. The approval follows coordination among GCC justice and housing ministries over the past year.