Planning Surplus Area
The area of land that arises from re-organizing land plans.
Regulation Surplus Area
The area of land that arises from re-organizing existing residential areas.
Grant Surplus Area
The area of land allocated to a grantee that exceeds the area specified in the grant order.
Property Exchange (Al-Mu'awadah)
Exchanging a third party's land or building for land or a building owned by the Municipality.
Open Public Auction
A method aimed at reaching the highest price by having bidders submit the highest offer in an open gathering, after being publicly announced, in accordance with the provisions of these Regulations and the decisions issued to implement them.
Public Competition
Opening investment of municipal properties and their related services to competition among investors through public advertisement, in accordance with the provisions of these Regulations and the decisions issued to implement them.
Investment
Utilizing and operating municipal properties with the aim of preserving and developing them, and using their financial returns to provide and enhance municipal services.
Investor
A natural or corporate person entitled to carry out commercial and investment activities under the relevant regulations and bylaws.
The Municipality
The Amanah (regional/metropolitan municipality) or the (local) municipality.
Municipal Properties
Properties owned by municipalities in accordance with applicable regulations and instructions.
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