Ammon News - The Cabinet on Sunday approved amendments to the Real Estate Ownership Law aimed at streamlining property transactions.

The new provisions will simplify joint ownership dissolution, expand Land Department authority to reduce bureaucracy, and establish fair compensation standards for public use property acquisitions.

The amendments also create pathways for companies, legal entities, and foreign investors to own property outside zoning areas, particularly in residential complexes. Financial leasing companies will benefit from simplified approval procedures that no longer require Cabinet decisions, addressing key shortcomings identified in the 2019 law.