Article 1
Starting Date: 09/06/2004

In the implementation of this Law, unless the context otherwise requires, the following words and terms shall have the meaning hereunder assigned to them: 

“Real Estate”:                         Land and buildings including structures erected thereon.

“The Housing Unit”:              An apartment in a multi-storey building.

“Areas of Investment”:         Land allocated for the exercise of commercial, industrial, tourist, residential and educational activities and any other activities the investment in which is permitted in accordance with the State applicable laws.