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Legislation & Regulations

27 articles to preserve rights. Implementation of the Real Estate Brokerage Law eliminates randomness and chaos

Reading time: 2 MinutesThe real estate community is awaiting the launch and implementation of the real estate brokerage system in January, and the General Authority for Real Estate has set 27 articles to regulate and organize the sector

08/01/2023

Real Estate Brokerage System

When is the escrow account in real estate contributions closed?

KDIPA confirms that the escrow account for real estate contributions can only be closed after its approval

Ministry of Justice - Real Estate Exchange

Ministry of Justice unveils the second edition of the Real Estate Exchange Services Guidebook

The guide explains the trading, mortgaging and financing services, sukuk issuance and sukuk updates via the digital real estate platform.

Off-plan Real Estate Projects Real Estate Contributions

Learn about the regulations governing the escrow account for the sale and rental of off-plan real estate projects

The General Real Estate Authority releases drafts of the executive regulations, escrow account controls, and practitioner qualification for public review via a survey platform.

Off-plan sales

Infographic | Wafi conducts 1130 control rounds on off-plan sales projects in 2023

Enforcement teams carried out 1130 field visits, resulting in the seizure of 576 violations in four regions during 2023.

Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Everything you need to know about the terms, requirements and how to enroll in Real Estate Advisor

A summary of the documents and procedures required to subscribe to the Real Estate Advisor service of the Real Estate Development Fund.

Ministry of Justice - Real Estate Exchange

Steps to update real estate deeds via Najeez portal

Ministry of Justice allows conversion of paper sukuk to electronic via Najeez with simplified procedures for citizens

Off-plan Real Estate Projects Real Estate Contributions

General Authority for Real Estate reveals 18 requests for issuance of real estate contribution license

A list of 18 requirements including legal documents, feasibility studies, triple assessment, certificates and official approvals.

Ministry of Industry and Mineral Resources - Certificate of Origin

Infographic: Ministry of Industry issues 152 new industrial licenses in January

The licenses cover five activities, food products in the lead, and January's investments amounted to 6.2 billion riyals.

Learn about the regulations for qualifying off-plan sales or leasing activities

Public Authority for Real Estate launches draft regulations for review and comment via the "Explore" platform"

Saudi Arabia Foreign Investment

250 billion dollars worth of contracts for infrastructure projects in Saudi Arabia in a year

Knight Frank report: Riyadh has signed nearly $250 billion in construction contracts in 12 months, as momentum toward Vision 2030 accelerates

Off-plan sales projects - Real estate transactions

In detail... Draft executive regulations for the off-plan sale and lease of real estate projects

Drafts of the Executive Regulations and Rules of Assurance and Qualification of Practitioners have been released on the "Explore" platform to receive public and agency feedback

Off-plan Real Estate Projects Real Estate Contributions

Real Estate Authority releases draft executive regulations for the sale and lease of off-plan real estate projects

دعوة لاستطلاع الرأي على ضوابط حساب الضمان وتأهيل الممارسين واللائحة التنفيذية (54 مادة) عبر منصة "استطلاع"

Infographic: Real Estate Authority conducts 31 rounds of compliance inspections in February

The visits included 8354 establishments, electronic scanning of more than 8067 advertisements, and the authority received 680 reports.

Jazan Municipality - Units under construction

Jazan Municipality conducts control tours on buildings under construction

Abu Arish Municipality carried out 94 control rounds in February, issued 32 violations, and approved 61 licenses and 18 occupancy certificates.

Ministry of Justice - Real Estate Exchange

وزارة العدل و”هيئة المقاولين” تدشنان العقود النموذجية لتكون سندًا تنفيذيًا

تتيح النسخة الجديدة عقدًا موثقًا قابلًا للتنفيذ إلكترونياً لتنظيم العلاقات التعاقدية والحد من نزاعات قطاع المقاولات.

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