Development & Construction

A recent Aramco report: The cost of producing a barrel of oil is 2.8 dollars. And the sale in 2019 reached 64.6 dollars

Reading time: < 1 MinuteA recent report issued by Saudi Aramco and published on the “Tadawul” website noted that the cost of extraction, exploration, and production is $2.8 per barrel of oil, while the average selling price ... Read more

18/03/2020

Aramco Shares - Economy - Aramco IPO

I bought a property in Saudi Arabia... How do I transfer the electricity meter to my name?

Learn about the steps to document the electricity meter after purchasing a property in Saudi Arabia, the data required to update the beneficiary, and how to check the meter status through the Saudi Energy website and application.

Implementation Regulations -

New enforcement regulations: Property must be vacated within 5 working days from the date of notification.

The new regulations define the rules for evacuation and exceptional extension, while protecting the occupants of the housing, notifying the supervising authorities, and starting implementation in October 2026.

White Land Fees Program

«The Ministry of Municipalities and Housing is seeking public opinion on new amendments to vacant land fees.

The amendment project stipulates the payment of white land fees before documenting the transfer of ownership, with exceptions allowed by a decision of the ministerial committee.

Want to convert an apartment into an office or business? 7 things to check before you begin

Learn about the conditions for converting a residential apartment into an office or business, and the importance of checking approved use, municipal licenses, safety and landlord approvals before starting.

Did you buy a property? Here's how to transfer your electricity and water meters to your name.

Did you buy a new property? Discover how to transfer electricity and water meters to your name electronically, the most important documents required, and how to deal with previous bills.

Urgent: The Cabinet approves regulations for integrated circuit layout designs, designs, and patents.

The council also praised the growth of foreign investments and the outcomes of economic conferences within the objectives of Saudi Vision 2030.

Before buying an apartment in Saudi Arabia... 10 clauses in the contract that protect you from disputes

10 items to review before buying an apartment in Saudi Arabia, from price, tax, and payment schedule to delivery, guarantees, maintenance fees, and contract termination terms, with links to official regulations.

Your guide to detecting risks: 8 signs to check the safety of shared accommodation

The «Amlak» report provides your guide to checking the safety of shared accommodation through 8 indicators, in addition to the responsibilities of owners and operators.

Will the property live up to the ad’s promises? «Amlak» identifies potential pitfalls from contract signing to handover

«Amlak» tracks the process of purchasing off-plan real estate in Saudi Arabia—from the listing and signing of the contract to payments and delivery—and explains the key risks, the buyer’s rights, and the legal safeguards.

15 minutes free and 4 occasions without fees.. Draft of new regulations for paid parking

The ministry’s draft sets out the rates for paid parking, free periods, exemptions on four occasions, and fees for towing vehicles that are in violation of the rules.

5 Digital Steps to Protect Property Buyers from Fake Listings

Before Paying a Deposit: 5 Steps to Protect Property Buyers from Fake Listings

A brief guide to verifying the license, the broker, and property details, and to documenting the deposit before purchasing or reporting any suspected fraud.

Territory

New regulations introduced for the development of housing subsidy land... with a maximum concession to investors of 20%

Public Authority for State Properties

Revision of Regulations Governing Government Agencies’ Lease of Real Estate… with Contract Terms of Up to 25 Years

The project mandates publicly disclosed annual plans, pre-qualification, and technical and financial controls to enhance efficiency and transparency in the leasing of government properties.

Acceptance of Applications for Refunds of Undue «Real Estate Sales» Tax Begins

The Authority set out conditions and a 30-day deadline for the refund or cancellation of taxes and fines for real estate transactions between 2018 and 2020.

«Municipalities and Housing» Warns Owners of Undeveloped Land: Less Than 3 Months Until Fees Are Due

The ministry urges landowners to verify the status of their land and either develop it or pay the fees within the statutory deadline to avoid fines.

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