Latest news and articles about property ownership from NEX English
Property transactions by non-Jordanians in Jordan reached approximately <strong>55.6 million dinars</strong> (about <strong>78.4 million dollars</strong>) in the first quarter of 2026, marking a <strong>14%</strong> decrease compared to the same period in 2025. Iraqi nationals topped the list of property owners with a total of <strong>33.7 million dollars</strong>.
In an unconventional move, Younes Loufiner, a Swiss national of Moroccan descent, declared himself king of Switzerland in 2017, founding what he calls the 'Loufiner Empire'. He exploited a legal loophole to acquire lands and properties across the country.
Egypt's Foreign Minister Dr. Badr Abdel Atti and Housing Minister Eng. Randa Manshawi launched the 'Your Home in Egypt' initiative aimed at supporting property ownership for Egyptians abroad. This initiative seeks to strengthen the connection of expatriate Egyptians to their homeland and increase their investments in the Egyptian real estate market.
The spokesperson for the Real Estate Registry, Yazid Al-Yahya, announced that the number of property deeds issued in Saudi Arabia has surpassed <strong>1.56 million</strong>, marking a significant shift towards the mandatory registration of real estate. This move aims to enhance the reliability of real estate data and increase market transparency.