Month: June 2022

60,000 residential plots to be provided by the White Land Program in Riyadh

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10 White Lands

Reading time: < 1 MinuteNext Wednesday marks the end of the second phase deadline. The countdown has begun for the end of the registration period for the second phase of the white land fees in Riyadh, which ends on Wednesday, June 15—that is, in three days.  The program clarified that after this deadline, more than 20 million square meters of developed land in the city of Riyadh will be registered from the land it has identified… Read more

“Tsaawi and Watan Real Estate sign an agreement to develop infrastructure for a project in Sharqia“ 

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Equal to Watan Company

Reading time: < 1 MinuteTasaweel has signed an agreement with Watan Al-Awwal Real Estate Company to develop Plot No. 1565 in Dhahran, under which Tasawi will conduct the necessary studies and obtain the required licenses and approvals from the relevant authorities. The project’s infrastructure development works include land grading, road construction and paving, as well as electrical, water, sanitation, lighting, and stormwater drainage works… Read more

Taxpayers invited to submit their tax returns for the month of May

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Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority has called on taxpayers in the business sector subject to withholding tax in the Kingdom to file their tax returns for the month of May by June 10 at the latest.The Authority urged taxpayers to promptly file their tax returns through its website, zatca.gov.sa, to avoid a late payment penalty of 11% of … Read more

“Building Compliance License Procedures” and ”Awqaf System” projects on the “Explore” platform”

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Reconnaissance

Reading time: < 1 MinuteThe “Istislaal” platform, operated by the National Competitiveness Center, has received nine regulatory and procedural proposals related to economic and development affairs, proposed by various government agencies; with the aim of enabling the public, government agencies, and the private sector to express their views and comments on them before their approval. Among the most important of these projects are the “Endowments System Project” and the building compliance permit procedures. The “Endowments System Project” is one of the most important new projects, “the Endowments System Project…” Read more

The “Ijar” program had processed 600,000 electronic leases by the end of May

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Apartments for rent - apartment rental platform - residential rental - real estate lease

Reading time: < 1 MinuteThe “Ejar” program revealed an increase in the number of commercial leases registered on the electronic rental services network, with the total exceeding 600,000 leases by the end of May 2022, while the number of contracts registered during the months of May and April exceeded 60,000, at a rate of more than 30,000 commercial lease contracts per month. 17% of the total commercial contracts, and the program indicated that … Read more

Number of units sorted increased by 76% during the first quarter of 2022

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Sorting Real Estate Units - Real Estate

Reading time: 1 MinuteThe Real Estate Unit Cadastral Registration Program announced a significant increase in the number of registered units during the first quarter of 2022, with a rise of over 76 percent compared to the same period in 2021. The program stated that the increase is estimated at more than 9,000 real estate units, noting that the number of square meters sorted rose by more than 70 percent, amounting to nearly two million … Read more

Delivery of the first installment of the Riyal 1 billion compensation for demolished properties begins

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Jeddah Compensation Delivery

Reading time: < 1 MinuteThe Jeddah Informal Settlements Committee announced the start of disbursement of the first installment of compensation for demolished properties, totaling one billion riyals. Compensation for the remaining citizens will be disbursed in several phases, according to a schedule following the completion of property inventory and appraisal, and after citizens have completed the necessary procedures and submitted the required documents.     The committee stated that the valuation was based on technical criteria specific to each neighborhood, where… Read more

10 days to the end of the deadline in Riyadh. White Land Program expects to provide 60,000 residential plots in Riyadh

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Riyadh city

Reading time: < 1 MinuteThe countdown has begun for the end of the registration period for the second phase of the white land fees in Riyadh, which ends on June 15—10 days from now.  The program clarified that after this deadline, more than 20 million square meters of developed land in the city of Riyadh—from among the plots identified by the program but not registered by their owners—will be registered, in coordination with the municipal authorities … Read more

Enforcement Center puts 56 real estate assets up for auction

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Real estate auctions

Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaz“ has announced the holding of four public auctions featuring real estate and movable property in four cities and governorates across the Kingdom, from June 5 to 8, 2022. The auctions will feature 56 real estate and movable property items, including commercial and residential land, villas, commercial and residential buildings, and classic luxury cars. The auctions will begin with the Al-Nakhil Auction in Buraydah, which will be held in person and online to offer 9 properties … Read more

45% of occupied residential rental units are documented with “Ejar” contracts”

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Apartments for rent - apartment rental platform - residential rental - real estate lease

Reading time: < 1 MinuteThe number of residential lease agreements registered on the Electronic Rental Services Network has exceeded 3 million since the program’s launch through May 2022, meaning that 45% of the market volume of occupied residential rental units in the Kingdom is documented by lease agreements. This reflects the excellence of the services provided by the Ejar Network to parties involved in the rental process, while the number of real estate units that … Read more

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