Real Estate Comparative Guide

1 Legal framework

1.1 What legislation governs real estate in your jurisdiction?

The Civil Law (14/2002).

1.2 What special regimes apply to different types of real estate?

• The Real Estate Registry Law (39/1991);
• The Law on Non-Yemenis' Ownership of Real Estate (23/2009); and
• The Investment Law (15/2010).

2 Ownership

2.1 What types of ownership rights exist in your jurisdiction?

There are two types of ownership rights in real estate under the Civil Law:

• bare ownership (in-kind right); and
• usufructuary ownership (in-kind right subdivided from bare ownership).

2.2 What ownership structures are commonly used in your jurisdiction?

Local partnerships and corporations frequently prefer to buy real estate for their businesses. However, foreign corporations and their branches prefer long-term tenancies.