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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

Zakat, Tax and Income Tax Authority - Exemption from financial penalties

“Zakat invites businesses to submit VAT returns for July

KDIPA requires businesses with more than SAR 40 million in supplies to submit VAT returns for July before August 31

Saudi Contractors Authority - Contracting Industry

Al-Ajlan elected as Chairman of the Board of Directors of the Saudi Contractors Authority and Ibn Tuwaili as Vice Chairman

The Fourth Cycle Council includes government, private sector and expert representatives to promote policy integration and address the challenges of the construction sector.

Off-plan real estate projects

General Authority of Real Estate announces two new updates to the real estate brokerage platform

Add an auction request service and optimize non-electronic documents by including the Economic Cities Authority document.

Al Fursan Suburb Project

Deadline to vacate rented land in Al Fursan Suburb project ends at the end of December

Government authorities have until the end of December to evacuate the stables and remove the land.

Building license via Baladi platform

International Code Council: Saudi Arabia's building code has become a major hub in promoting building and safety standards

The comprehensive code improves the safety and sustainability of buildings and provides essential technical guidance for engineers and contractors.

Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

Outdoor signage between art and regulations

The role of outdoor signs in improving the urban landscape requires a balance between artistic creativity and compliance with municipal regulations.

Survey... Exterior panels

Exterior signage is beauty and organization Compliance with legislation and control limits visual distortions

Experts and artists emphasize that adherence to specifications, censorship and intellectual property protection improves urban appearance

Cabinet of Ministers

Cabinet approves investment system. And Falih: Provides an attractive and supportive environment for investors

The updated system is a pillar of the national strategy and will come into force in early 2025 to enhance the attractiveness of the investment environment

Off-plan real estate projects

Learn about the penalties for violations of the off-plan real estate sales and leasing system

The General Authority for Real Estate (GAR) is releasing the schedule of violations for consultation until August 23, which includes 26 violations and fines of up to half a million riyals.

General Authority for Competition

Infographic: 6 contracting companies fined SAR 77.5 million for violating the competition law

The authority conducted investigations and gathered evidence of collusion in the bidding process and filed a criminal case before the adjudication committee.

Zakat, Tax and Customs Authority

“Zakat Authority invites businesses to submit tax withholding forms for the last month

It calls for forms to be submitted via zatca.gov.sa before August 11, warning of an 1% late penalty every 30 days.

Stalled real estate projects

6 requirements to address the trajectory of stalled off-plan real estate projects

The General Real Estate Authority (GRA) has released a practical guide for addressing defaults and opened the door for feedback, outlining six corrective actions.

Real Estate Registration Authority Logo

The General Authority for Real Estate solicits opinions on the technical guide to address stalled and delayed real estate projects

An invitation to the municipal services and planning sector to provide feedback on the guide via the survey platform (August 4-19, 2024).

Nagz platform

Requirements for updating and amending the real estate deed and application steps

The Najeez platform allows converting paper sukuk into electronic sukuk and submitting requests for updates or amendments electronically without visiting the notary office.

Legal and Real Estate Tips How to avoid fraudulent leases

Lawyer Faisal Al Rumaih offers practical guidance: Read the entire contract, check the deed, deal with a reliable developer and avoid suspicious transfers

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