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Law No. 2 of 1987 with respect to the Regulation of Ownership of Real Estate by Citizens...
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Article 7
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Law No. 2 of 1987 with respect to the Regulation of Ownership of Real Estate by Citizens of the Countries of the Cooperation Council for the Arab States of the Gulf (Repealed)
Law Summary Record
Type:
Law
Number:
2
Date:
18/01/1987 Corresponding to 18/05/1407 Hijri
Number of Articles:
11
Status:
Canceled
Official Gazette :
Issue:
7
Offcial Journal Issue
Publication Date:
01/01/1987 Corresponding to 01/05/1407 Hijri
Page from:
2719
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Article
7
Starting Date
: 01/03/1985
Citizens of countries of the Cooperation Council, who are natural or legal persons, shall be permitted to rent lands and benefit therefrom, to engage in activity of economic enterprises which they are permitted to practise, together with freedom to transact in this right by way of sale or mortgage in accordance with the dictates of the law.
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