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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
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«Nawahat Al-Kamalah - Dharma» auction offers 138 developed residential real estate opportunities

Hybrid public auction offers 138 developed residential plots in Al Hada scheme in Dharma near Qiddiya project and major services in Riyadh

Off-plan sales projects - Real estate transactions

Off-plan projects... An unprecedented jump in the number of existing units

Off-plan sales projects recorded an exceptional growth of more than 350% in the number of existing units during the third quarter of 2025 compared to the same period in 2024.

Emir of Riyadh hands over ownership documents to beneficiaries of the Crown Prince's donation

The implementation of these initiatives comes in line with the directive to complete these quality housing projects within a record period not exceeding 12 months

Imaginary Saudi Arabian real estate

Does the National Privatization Strategy open a new era of partnership and real estate investment?

The accelerated privatization of municipalities and services in Saudi Arabia is reshaping the real estate market, turning urban assets into long-term operational and investment projects

1,239 new collective housing licenses issued in 2025

Municipalities and Housing to digitally accelerate the licensing of collective housing and Saudi architecture, and raise the efficiency of monitoring and compliance to support the 2030 targets

By name. Masaed Al-Dawood elected as Chairman of the Board of Directors of the National Housing Authority«

Formation of the Board of Directors of the National Housing Company for the 2026-2030 session, chaired by Musaed Al-Dawood, his deputy Ibrahim Al-Ghiheb, and the membership of six members

Al-Hogail: Cabinet's recognition of the housing program is a motivation to continue achieving national targets

Cabinet's praise for the housing program reinforces efforts to increase homeownership and achieve the goals of Vision 2030, says Minister Majid Al Haqeel

«Al-Huqail inaugurates Khuzam Digital Valley City and NHC Community Foundation

An integrated digital project on an area of 200,000 m² to support data centers and technology investments and boost the national digital economy.

Minister of Municipalities and Housing: 300,000 housing units to be built in Riyadh within 3 years

The introduction of foreign ownership is a strategic step that opens up new opportunities for local and international developers

11 Residential Opportunities in Jeddah at Wathab Auction«

Online auction of villas, apartments, residential and investment lands in strategic neighborhoods in Jeddah, Khalis and Thul via Sumtech platform

More than 108,000 housing units launched and sales licenses issued for more than 97,000 units in 2025

Government expands housing supply and supports ownership through new units, land sales, and private sector partnerships

Saudi real estate prices record first decline in 3 years Is it starting to stabilize?

Residential real estate prices fell for the first time since 2022 due to government decisions, while the commercial sector continued to see limited growth.

SAR 282 million for new residential towers in Knowledge City

The contract brings the number of off-plan units being developed to 1420 in the Al Olaya mixed-use development in Madinah

Turf Residential Project

NHC announces Turf at Khuzam, North Riyadh A complete residential experience

An integrated residential project with more than 2,000 units in Khuzam, north of Riyadh, with service and recreational facilities that enhance the quality of life.

A remarkable turnaround in the Riyadh land market What does it have to do with price levels?

Real estate exchange data reveals significant declines in land prices in several neighborhoods in Riyadh, in a repositioning of the balance of supply and demand

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