Real estate · Legal glossary
UsufructIn Arabic: حق الانتفاع
Definition
A right in rem that entitles the holder to use and exploit property owned by someone else for a set period, while bare ownership stays with the owner. In some GCC states it is used to let non-nationals benefit from property they are not permitted to own.
How it varies across the GCC
Used for foreign-ownership structures in places.
The rules that apply to a specific matter depend on the state, any free zone involved and the current text of the law, so check the official source before relying on them.