Right of Usufruct is one of the original in-kind rights that gives the beneficiary the possibility to use and exploit the property without owning it, achieving a balance between enabling the beneficiary to benefit economically from the property and preserving the owner's rights. This right enhances the flexibility of investment and the stability of real estate transactions within a clear legal framework that defines the rights and obligations between the parties. The Public Authority for Real Estate explained that the Right of Usufruct of real estate is one of the original in-kind rights, and grants a person known as the beneficiary the authority to use and exploit a real estate owned by others for a certain period or throughout the beneficiary's life if the period is not specified, without having the right to dispose of the ownership of the property.

Without having the right to dispose of the property.

The Authority explained that the beneficiary has the right of use and exploitation according to the nature of the property and the limits of the right granted to him. Utilization means using the property in accordance with its nature without altering it, such as living in the residential property or practicing a commercial activity in accordance with the nature of the property. As for exploitation, it is represented by obtaining benefits or returns from the property, such as collecting returns from an existing facility, reaping the fruits of agricultural land, or leasing the property to others.
She emphasized that the relationship between the parties is based on the property owner retaining his full ownership and not being deprived of it, in exchange for the beneficiary enjoying the right to use and exploit the property according to the nature of the right and its statutory limits.

Relationship between the parties is based on the property owner's retention of his full ownership and not being deprived of it.

The Authority pointed out that the beneficiary may not sell or transfer the property, nor may he damage the property or impose obligations that exceed the limits of his right. If the beneficiary exceeds what has been agreed upon, this is subject to what has been agreed upon between the parties and within the usual utilization limits. She pointed out that the usufruct right is an effective tool that allows the beneficiary to benefit from the property without owning it, provides flexibility in investment and long-term planning, and gives him legal stability that enables him to dispose of the usufruct right within the statutory limits.

The most prominent advantages of the usufruct right are that it is an original in-kind right that gives the beneficiary direct authority over the property for use and exploitation, not just a contractual obligation. It is also characterized by the possibility of continuing for long periods or throughout the life of the beneficiary, which supports long-term investment planning.
This right allows the beneficiary to transfer, assign or lease the usufruct to others unless otherwise agreed, in addition to enjoying legal validity through its registration in the real estate registry, which makes it enforceable against third parties and limits disputes and promotes legal stability.The usufruct can also be used within financing structures or as a contractual asset to finance projects, which contributes to enhancing the efficiency of utilization of real estate assets and balancing the interests of the owner and the beneficiary.

The right of usufruct can also be used within financing structures or as a contractual asset to finance projects.