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The General Authority for Zakat and Income Tax confirms the exemption of renting or licensing residential property from VAT

Reading time: < 1 MinuteThe General Authority for Zakat and Income Tax (GAZT) has reiterated its assurances that the rental or licensing of residential property is exempt from VAT. The General Authority for Zakat and Income Tax (GAZT) emphasized that the sector ... Read more

17/12/2017

Zakat & Income Tax - Zakat & Income Tax - Property Tax - Tax
Real Estate Development Fund

11.9 billion riyals deposited in the accounts of “Residential” beneficiaries in 2024

The Real Estate Development Fund deposited 1.11 billion riyals to the beneficiaries of "Sakani" in December, completing the support of the housing program through 2024.

Administrative offices and residential real estate

Report: Strong demand for residential and office real estate in Saudi Arabia during the third quarter

CBRE: Office supply shortage, rising rents in Riyadh and Jeddah, and growth in residential sales transactions

Rent - Residential Contracts - Refunds

How to document leases to protect rights and organize relationships

Detailing the conditions, documents, and procedures required to amend lease contracts documented through the Ejar platform in Saudi Arabia.

Eighth Arab Housing Conference concludes in Algiers with key recommendations

The recommendations called for sustainable urbanism, standardization of housing standards, creation of databases and support for social housing and eco-friendly materials

Residential program

Residential program clarifies how to reserve new plots and self-build conditions

The account and app explain the terms of self-building and its completion within 3 years while following the application process.

Infographic: Everything you need to know about Teeqan's building verification service

Riyadh Municipality launches Tiqn service via Madinaty app to verify building licenses, occupancy certificates and violations

Housing organization - housing unit

“SCAN hosts the eighth meeting of the Nonprofit Roundtable Leaders in the Nonprofit Sector

The meeting reviewed the year's results, made financial commitments, and discussed recommendations and partnerships to enhance the sector's role in Vision 2030

Prince Faisal bin Bandar hands over new housing units to beneficiaries of developmental housing in Riyadh

The ceremony included honoring major donors and announcing that 180 million riyals had been raised to support 4643 families in Riyadh.

Building license via Baladi platform

Infographic: Requirements for issuing a building permit for residential buildings according to the Saudi code

Hail Municipality clarifies the steps to issue a residential building license: A certified designer and supervisor, a qualified contractor, and an insurance policy.

Britain

UK house prices record highest growth in two years

3.7% annual increase in November 2024 driven by improved lending and rising wages despite supply pressures

Off-plan sales

Off-plan leasing license required to practice the activity

Wafi requires the issuance of a license before renting or offering real estate units on the map to protect rights and regulate the market.

Record high. Individuals account for the largest share of real estate loans

Mortgage loans amounted to 846.48 billion riyals by the end of the third quarter with a year-on-year growth of 13.29%, and individuals accounted for 77.6%.

Residence - Cityscape Global

79 volunteers from Sakan tour Cityscape to introduce the organization with 474 volunteer hours

Volunteers provided 474 volunteer hours over four days at Cityscape and generated an economic value of SAR 19,908.

Residential program

Real estate registry for 11 neighborhoods in Riyadh to be completed Next Thursday

KDIPA invites owners of declared neighborhoods to register their properties through the rer.sa platform to document ownership and avoid fines.

71.19 billion riyals of new housing finance in 10 months of 2024

5.75% increase in housing finance and contract growth to 96.39K with banks leading the charge

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