Real estate archive: News, Decisions, and Announcements Fulfilling Real Estate Dreams in 2023

The most important decisions and news in the real estate sector 2023

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Real Estate Regulations, Controls and Guides

  1. Real Estate Exchange officially launched.
  2. Application of Real Estate Registry in Riyadh, Jeddah and Dammam.
  3. Launch of the real estate contributions system.
  4. Adoption of the Executive Regulations of the Saudi Building Code Implementation System.
  5. Launching the real estate advertising license service.
  6. Real estate brokerage system to be launched in January 2023
  7. Starting the implementation of the State Real Estate Leasing System and its executive regulations.
  8. Adoption of the guide for covering buildings under construction.
  9. Adoption of the guide for fencing construction sites for commercial buildings.
  10. Release of the Building Compliance Procedures Manual.
  11. Amending the regulations of the off-plan sale of real estate units
  12. Requiring an off-plan rental license to practice the activity
  13. Issuing Real Estate Advertising Regulations.
  14. Providing a contract between the real estate broker and the buyer.
  15. Approval of amendments to the executive regulations of the real estate transaction tax.
  16. Updating the Building Compliance Certificate Manual.
  17. Launching the service of saving the security deposit through Ejar
  18. .
  19. Implementation of the Real Estate Auction Regulation.
  20. Releasing a guideline for the operation of the real estate exchange.
  21. Launching the real estate exchange application.

Services in the real estate sector

  1. Launching an online platform to showcase real estate investment opportunities in the Kingdom.
  2. Launching the Metaverse platform to serve residential beneficiaries.
  3. Launching the updated housing support program.
  4. Qualifying 3,000 real estate developers through accelerator agreements.
  5. Launching the Opportunities Portal for investment in Saudi cities.
  6. Launching a materials platform to connect contractors and real estate developers with factories and suppliers.
  7. Launching the aerial survey of the land registry in all neighborhoods of Riyadh.
  8. Launching the Saudi Building Code Guidelines.
  9. King Salman names Riyadh's "Al Waha" and «Salahuddin» neighborhoods.
  10. Minister of Justice directs the official launch of the electronic real estate sorting and merging service.
  11. Introducing the licensing service for real estate platforms with a VAL license.
  12. Launching the Building Compliance Certificate in Riyadh.
  13. Launching the procedures manual for infrastructure projects in the municipal sector.

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