THE INTRODUCTION of nine new real estate laws in 2013 revolutionized the traditional real estate market in Saudi Arabia. Yet while Saudi Arabia seeks foreign investment to promote the real estate sector, most of these laws have not been translated. Nor is it easy to get answers to simple questions like, “how do you transfer a piece of property?”
The book contains a historical overview, an analysis of Saudi Arabia’s new mortgage ecosystem, a summary of existing real estate laws and helpful practice pointers. The new real estate laws are translated and where necessary, annotated.
Included also is the full, annotated text of the new Enforcement Law, a groundbreaking change to the Saudi legal system designed to make debt collection routine. Companies owed money in and from Saudi Arabia will find these chapters indispensable.
There is no similar book on the market today. Every real estate investor, practitioner and loan officer active in the Saudi market should keep a copy close by.
The author, Michael O’Kane, has worked in the Kingdom for more than a decade as a legal consultant to the government and as a practicing attorney.