Amman, July 15 (Petra) -The Department of Lands and Survey (DLS)
said a proposed Real Estate Ownership Law is aimed at facilitating
co-ownership partition procedures, addressing cases that have
remained pending for years, and expanding the use of digital services
in the real estate sector.

In a statement issued on Tuesday, the department said the draft law
would enable electronic property sales and recognize digital
signatures as part of a broader effort to digitize real estate
transactions and services.

The proposal would also require the government, municipalities, and
the Greater Amman Municipality to pay expropriation compensation
within a maximum of five years, with delay compensation payable for
each year of delay.

The department said the draft legislation is different from the
Buildings and Lands Law that the government withdrew last year. It
added that the proposed law does not introduce new taxes or fees on
real estate transactions.

According to the department, the bill is intended to support
investment, encourage activity in the real estate market, simplify
and speed up procedures for citizens, regulate provisions related to
promises to sell, and allow the sale of off-plan real estate units
within a clear legal framework.

The department said the proposed amendments would contribute to
supporting the construction, contracting, real estate, and property
investment sectors.

//Petra//WH