Eastern Chamber: The legal provisions of the rental relationship are in line with the goals of Vision 2030

President of the Eastern Chamber praises the new regulation of the rental relationship to raise the efficiency of the market, stabilize investors and increase the contribution of the real estate sector
President of the Eastern Chamber

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Regulatory measures regulating the rental relationship between landlord and tenant, which were recently issued under the directives of Saudi Crown Prince Mohammed bin Salman, were welcomed and praised by various circles in Saudi Arabia, primarily aimed at regulating the rental real estate market and controlling the unjustified price increases witnessed by the market in recent years.
The President of the Eastern Chamber, Badr Al-Raziza, praised the statutory provisions regulating the rental relationship between the lessor and the tenant, pointing out that these measures seek to raise the efficiency of the real estate market and will increase the contribution of the real estate sector to GDP, in addition to being in line with the directions and objectives of Vision 2030.

The President of the Eastern Chamber stressed that the provisions regulating the relationship between landlord and tenant is one of the most important benefits of ensuring the stability of the relationship between the landlord and tenant and limiting unfair practices that may harm the market or hinder the flow of investments, describing these decisions as a pillar of support and development of the national economy.
On the level of investment, the president of the Eastern Chamber, Badr Al-Raziza, explained that the existence of such regulations gives a message of security and stability to investors, which leads to the injection of more capital into the real estate sector.