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The details of the articles of the Real Estate Transaction Tax Law after the Cabinet's approval

Reading time: 2 Minutesأعلنت المملكة العربية السعودية مؤخرًا عن موافقتها على نظام ضريبة التصرفات العقارية، وهو قرار يعكس التزام الحكومة بتعزيز الشفافية في قطاع العقارات وتحسين نظم الحوكمة ... Read more

Law sets 5% tax on real estate transactions with exemptions, penalties, enforcement mechanisms and a deadline to correct the situation

12/10/2024

Zakat, Tax and Customs Authority
Riyadh Real Estate - Real Estate Registration

Real estate registration period ends in Hail and Riyadh regions Next Thursday

Public Authority for Real Estate calls on owners of 148,000 properties in Hail and Al-Rin to expedite the registration process before the deadline expires next Thursday

In detail. Adopting rules to implement water network connection in new properties

New regulation enables developers to implement water and drainage connections during development phases to minimize excavations and costs and improve the urban landscape

«Automated service» to compensate for traffic accidents associated with infrastructure projects

A new e-service linking Riyadh Traffic to the Infrastructure Projects Center to speed up compensation for project accidents and increase transparency and efficiency

Public Authority for Real Estate

After its launch. What do you know about the tracks of the second version of the pilot regulatory environment to support real estate innovation?

The General Real Estate Authority (GRA) has launched the second version of the Sandbox to support innovation in the real estate sector.

In detail. Penalize anyone who commercially exploits copyright without permission

Updated Saudi copyright law defines scope of protection, penalties and commercialization of works, effective 180 days after publication

White Land System Logo

بأسماء الشركات.. ارتفاع فواتير رسوم الأراضي البيضاء إلى 310 ملايين ريال

أظهرت بيانات حديثة ارتفاع إجمالي فواتير رسوم الأراضي البيضاء على الشركات العقارية المدرجة إلى نحو 310 ملايين ريال.

Today... Real estate registration expires in 3 regions

Saudi Real Estate Authority calls on owners of 47,000 properties in Riyadh, Sharqiya and Qassim to expedite in-kind registration before the deadline expires tomorrow

3,000 riyals fine for leaking water from property boundaries and flooding roads

Fines of up to 3,000 riyals for flooding roads as part of a joint monitoring campaign to improve the urban landscape and environmental safety

Riyadh Real Estate - Real Estate Registration

Land Registry spokesperson: Tokenized assets are linked to official real estate records

Saudi initiative to regulate real estate tokenization links tokenized assets to official records to ensure reliable ownership, protect investors and increase liquidity

Completion Center 38 digital services to support and organize the real estate development journey

The center facilitates the procedures of developers through a unified digital platform to speed up licenses, reduce costs and support real estate sector investments within Vision 2030

Real estate arbitration in Saudi Arabia... A professional solution to resolve disputes and preserve rights

The Saudi Real Estate Arbitration Center provides a fast and professional digital legal mechanism to resolve real estate disputes, promote market stability and preserve rights

Public Authority for Real Estate

Learn the details of the sandbox regulatory framework to support real estate innovation

This measure comes in the context of supporting real estate innovation by giving innovators the opportunity to test and develop their ideas, which contributes to raising the readiness of the market

Public Authority for Real Estate

Consultation on the draft amendment to the executive regulations of the Real Estate Registration Law

It includes adding and amending a number of articles and paragraphs, updating some definitions, and regulating the periods of absolute authenticity of the first in rem registration

Public Authority for Real Estate logo

Real Estate Authority monitors a number of violations during the past month

28 joint monitoring tours visited 304 real estate facilities in a number of regions of the Kingdom to ensure compliance with real estate legislation

Regulating the rental relationship. Covered contracts, enforcement mechanisms and the rights of the parties

The General Authority for Real Estate unifies the controls of residential and commercial rental contracts in Riyadh, and determines the mechanisms of pricing and registration through the «Ejar» network.

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