Law of Ownership Subdivision and Management of Real Estate Units
Art. 5Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. Partners shall, upon building a jointly-owned real estate, include in the
partnership contract the names of the holders of in-kind shares; the holders
of monetary shares; the description of the land prepared for construction; the
Law of Ownership, Subdivision, and Management of Real Estate Units
title deed’s number, date, and source; and partners’ obligations and rights.
2. Partners in a jointly-owned real estate may divide their common shares; each
partner shall have one subdivided real estate unit, or more. If the partners
fail to agree on the division, legal action may be taken.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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