The Cabinet on Tuesday approved the Real Estate Expropriation System for the public interest and temporary seizure of real estate, in a legislative and regulatory step that reflects the objectives of Saudi Vision 2030 to enhance transparency, protect the rights of owners and facilitate the completion of development projects.

The new real estate expropriation system unifies all procedures for expropriation and ensures that owners are compensated according to the fair market value of the property plus the addition of the property's value.

The new real estate expropriation system unifies all expropriation procedures and ensures that owners are compensated according to the fair market value of the property plus 20% as additional compensation for expropriation, while owners receive the same rent with an increase of 20% when applying temporary seizure.

The system also exempts owners from real estate transaction tax for five years equal to the value of compensation or less when they purchase alternative properties, in addition to exempting them from white land fees if they receive alternative land as compensation.

The governor also explained that the landowners are exempted from white land fees if they receive alternative land as compensation. <The Governor of the General Authority for State Properties Dr. Abdulrahman bin Hamad Al-Harkan explained that the system established precise mechanisms to evaluate real estate through appraisers accredited by the Saudi Commission for Accredited Appraisers, ensuring justice and transparency. He stressed that all requests for expropriation and temporary seizure will be subject to the review of a specialized committee in the Authority that includes representatives of a number of government agencies, with the obligation of the requesting parties to provide the necessary financial allocations before starting the procedures.

The system emphasizes the need to search for alternative government properties that meet the needs of public projects before resorting to expropriation of individual properties, which establishes the principle of balance between achieving the public interest and safeguarding the rights of citizens.

The system emphasizes the need to search for alternative government properties that meet the needs of public projects before resorting to expropriation of individual properties.