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How does an escrow account work and its role in protecting funds?

Reading time: < 1 Minuteأوضحت الهيئة العامة للعقار مفهوم حساب الضمان ودوره في حماية أموال المساهمين والمشترين، إضافةً إلى توضيح آلية عمله والإجراءات المنظمة لعمليات الإيداع والصرف، بما يضمن ... Read more

Clarifying the concept of the escrow account and its working mechanism in protecting buyers' funds and ensuring the sustainability and completion of real estate projects

20/04/2026

Ministry of Municipalities and Housing - Group Housing Requirements

«Municipalities and Housing» adopts the name «mobile merchant» as part of updated requirements that enhance the urban landscape

The ministry is updating its self-employment requirements by adopting the name «mobile trader» and regulating mobile activities to support micro-investment and improve the urban landscape.

Ministry of Commerce - Commercial Register

Ministry of Commerce requires non-profit companies to appoint an auditor

The decision includes micro and small non-profit companies, and applies starting from the current fiscal year, based on the Companies Law and Supreme Orders

«Interior»: A fine of up to 100,000 riyals for harboring visit visa holders in Mecca

Interior Ministry warns against harboring visit visa holders in Mecca during the Hajj season and calls for reporting violators via emergency numbers

894 individual violations recorded and 17 violating facilities monitored during monitoring tours of the Engineers Authority

Saudi Engineers Authority refers serious violations to the prosecution and emphasizes that professional accreditation is a prerequisite for practicing engineering work

Municipal Sanctions Schedule

Details... Learn about the updated schedule of penalties for municipal violations, licenses and damage to facilities

The Ministry of Municipalities and Housing has adopted a new detailed schedule of penalties for municipal violations, which includes varying fines of up to 50,000 riyals.

«Zatca invites businesses to submit VAT returns for March and Q1 2026

KDIPA sets April 30, 2026 deadline for filing monthly and quarterly VAT returns and clarifies late penalties

Ministry of Municipalities and Housing

«Municipalities and Housing» launches the Innovation Council to raise the efficiency of municipal and housing services

A regular council that brings together expertise to adopt innovative solutions that accelerate the development of municipal and housing services and promote sustainability and quality of life in cities.

How does an escrow account work and its role in protecting funds?

Clarifying the concept of the escrow account and its working mechanism in protecting buyers' funds and ensuring the sustainability and completion of real estate projects

Infographic: Steps to divide and merge the national address via the real estate unit sorting platform

A simplified guide from the Public Authority for Real Estate to divide and merge the national address electronically via the real estate unit sorting platform.

Rent platform

Contracts documented through Ejar How do you preserve rights and ensure regular payment?

The platform emphasizes documenting rental contracts and linking them to electronic payment to verify invoices, guarantee rights and avoid legal liability

Ministry of Human Resources logo

Saudi Arabia's private sector marketing and sales professions will be subject to a minimum wage hike. Details

Saudization rates for marketing and sales jobs in the private sector increased to 60% with a minimum wage of SAR 5500 for Saudis

How do you use the Rental Behavior Index service to protect your unit from a tenant?

The Rental Behavior Index service provides users with accurate data that helps all parties make accurate and transparent rental decisions.

Ministry of Finance - Kingdom Budget - Renting Real Estate

The Financial Supervisory System and the issuance of its executive regulations. Details

The new system enhances the efficiency of control over public funds and applies modern control methods in line with the objectives of the Kingdom's Vision 2030

Buyer Awareness Does it protect him from risks when buying an off-plan property?

Real Estate Authority tips to check the license, standard contract and payment schedule before buying an off-plan property to ensure your rights

Ministry of Human Resources - Contracting

Updated regulations on the obligation to document labor contracts through the Qawwa platform«

Increase the percentage of labor contract documentation through Qawwa to 85% in April 2026 and 90% by the end of June to enhance compliance and transparency

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