Month: September 2024

Reading time: < 1 MinuteReal estate consultant Majid Al-Harbi commented on the concept of shared housing rentals in the Kingdom, saying that it is not suitable for Saudi society. Al-Harbi added during a phone interview on Al-Arabiya FM that «shared housing involves renting a shared apartment where each person rents a room and shares part of the living space with others, but that type of rental does not exist here.» … Read more

Reading time: 2 MinutesGovernment agencies offer numerous initiatives to support citizens, including the provision of free housing for social security beneficiaries. However, to qualify for this benefit, applicants must meet a set of requirements and criteria established by the relevant authorities. Key eligibility requirements: Citizenship and residency: The applicant must be a Saudi citizen and a permanent resident of the Kingdom of Saudi Arabia. Age: The applicant must be at least … Read more

Reading time: 2 MinutesReal estate expert Matar Al-Shammari explained how to obtain a free apartment through the Developmental Housing Program and which groups are eligible to benefit from the program. In a tweet posted on his page on the social media platform “X,” Al-Shammari said that the groups eligible to receive a free apartment through the Developmental Housing Program are divorcees, widows, the unemployed, and those with limited income. He added that … Read more

Reading time: < 1 MinuteThe Zakat, Tax, and Customs Authority has provided details on how to register a real estate transaction on the Real Estate Transactions Portal, noting that through this service, you can register your real estate transaction for real estate transaction tax before completing the title transfer or notarizing the contract. The service allows you to determine whether the transaction is subject to tax and provides the option to issue a payment invoice for the amount of tax due. The Zakat, Tax, and Customs Authority noted … Read more