The Role of Legal Regulation of Ownership, Partitioning, and Management of Real Estate Units in Stimulating Real Estate Development Activities

The study addresses the legal framework governing the ownership, partition, and management of real estate units to stimulate real estate development activities. Real estate development in the Kingdom of Saudi Arabia is considered one of the top investment sectors involving various professionals and specialties, encompassing diverse categories in both the private and public sectors and directly impacting the general economic situation. Legislation related to real estate development activities provides significant incentives for such endeavors, despite the absence of comprehensive legislation specifically regulating real estate unit ownership independently and addressing all related matters. Instead, the Saudi legislator has enacted several laws ensuring legal protection for any developing real estate activity, in line with the National Transformation Program (2020) and the Kingdom's Vision (2030). Furthermore, land registration systems and real estate financing regulations have not fully established a legal framework conducive to activities related to the ownership, partition, and management of real estate units. The study concludes the necessity of establishing a dedicated system encompassing all activities related to real estate development and creating an environment conducive to activities involving the ownership, partition, and management of real estate units.