Total Area: 527,968 km²
GDP (in million USD): 30,023
The Republic of Yemen, commonly known as Yemen, is an Arab country located in Western Asia, occupying the southwestern to southern end of the Arabian Peninsula. Yemen was once divided into two countries, North Yemen and South Yemen. The two countries were unified in 1990 as the Republic of Yemen.
Housing is inadequate; about one-fourth of urban housing units are huts, tents, or other makeshift structures. In the hot coastal region, most dwellings, except those of the ruling classes, are straw huts. In the highlands, the poorer people live in huts of stone or baked brick. Wealthier Yemenis live in large houses whose style is unique to southwestern Arabia: the lower part is generally built of sandstone, basalt, or granite, while the upper part, which may rise from two to eight stories, is usually of baked brick with windows outlined in decorative designs. Often a loggia topped with brass and open on all sides rises from the roof.
Yemen's investment law was updated in 2002. The new law says foreigners may own land and real estate. However the new law has inconsistencies. Under the 2002 law, foreigners may own 100 percent of the land and can execute projects without a Yemeni agent and without obtaining import/export license from the Ministry of Industry and Trade. But this is contradicted by the commercial law, which limits foreign ownership to 49 percent.
Land registration is in its infancy and disputes over both residential and commercial plots are frequent and nearly impossible to adjudicate legally.