Ministry of Housing and Urban Planning: Ministerial Decision 357/2020 regarding the Controls for the Sale of Residential Real Estate Units under the Usufruct System to Non-Omanis in Multistorey Residential Commercial Buildings

Arabic

Based on the System of Ownership of Apartments and Floors promulgated by Royal Decree 48/89,

the Real Estate Register System promulgated by Royal Decree 2/98,

the Law on the Prohibition of the Ownership of Land and Real Estate by Non-Omanis in Certain Places promulgated by Royal Decree 29/2018,

Royal Decree 93/2020 Amending the Name of the Ministry of Housing to the Ministry of Housing and Urban Planning, Determining Its Competences, and Adopting Its Organisational Structure,

and the approval of the Ministry of Finance,

and in pursuance of public interest,

it is hereby decided

Article I

The attached controls shall apply in regard to the sale of residential real estate units under the usufruct system to non-Omanis in multistorey residential commercial buildings.

Article II

The Minister of Housing and Urban Planning shall determine the locations for the sale of residential real estate units under the usufruct system to non-Omanis in accordance with the adopted planning standards.

Article III

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 27 Safar 1442
Corresponding to: 15 October 2020

Dr Khalfan bin Said bin Mubarak Al-Shuaili
Minister of Housing and Urban Planning

Published in Official Gazette 1362 issued on 18 October 2020.