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Cabinet Approves Real Estate Transaction Tax Law

Reading time: < 1 Minuteرأس صاحب السمو الملكي الأمير محمد بن سلمان بن عبدالعزيز آل سعود ولي العهد رئيس مجلس الوزراء – حفظه الله -، الجلسة التي عقدها مجلس ... Read more

5% is levied on the value of the sale or transfer of the property and is payable upon real estate clearance or notarization.

18/09/2024

Real Estate Registry App. Learn about its most important services and how to benefit from it

The beta version offers property registration, real estate transactions, and property management via smartphones.

Hail Municipality issues 2523 compliance certificates during the building facade correction period

The organizational certificate is awarded to owners of new and existing buildings via Baladi as part of efforts to improve facades and enhance the urban landscape.

Saudi Building Code: Strict standards to protect lives and sustainability of buildings

A session at Restatex Jeddah 2024 explains code objectives, versions, application and training requirements, and international references

Municipality of Qassim

4526 construction violations detected during building inspections in Qassim

Qassim Municipality and municipalities conducted 22,414 tours in the third quarter and issued 3,813 compliance certificates to enhance the urban landscape.

Discussions. Real estate legislation and its role in the sustainability of the real estate sector in Saudi Arabia

Prince Waleed bin Nasser leads session at Jeddah Restatex and announces the establishment of Emaar Association representing more than 200 developers

“Ammar Real Estate Developers Association” Distinguished efforts to support and develop the sector

Ammar Association gathers real estate developers to unify the voice and activate the role of the private sector and develop legislative frameworks in line with Vision 2030

Zakat, Tax and Customs Authority

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

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

Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Tamkeen Program. A new step to ease financial burdens and increase the ownership rate

The Real Estate Development Fund extends the repayment period for "Residential" beneficiaries to 30 years to reduce installments and increase the ownership rate.

Riyadh - Saudi Real Estate Market

Riyadh Civil Defense launches preventive supervision program for the safety of tall buildings

It covers existing and under construction buildings to verify fire protection requirements, test systems and train professionals.

Gulf Municipal Labor Conference concludes in Riyadh It recommends adopting modern technologies that promote smart cities

The conference concluded (October 6-8) with the participation of Gulf officials, recommendations for the adoption of smart city technologies and honoring the winners

Cabinet approves amendment to Article 9 of the Saudi Building Code Implementation Law

The Council approved linking the total release of electricity to the certificate of occupancy and transferring the license of management consulting for individuals to Human Resources

Saudi Contractors Authority - Contracting Industry

Saudi Contractors Authority and Saudi Green Building Forum sign Memorandum of Understanding

The MoU promotes cooperation to provide training programs, certification and knowledge exchange to support sustainability in the construction sector, under the patronage of the Minister

Public Authority for State Properties

Infographic: New updates to state real estate allocation and recovery regulations

Entities are required to apply through the Entifaat platform and submit a three-year plan and a qualified assessment, with a standing committee and mechanisms to recover the properties.

White Land Fees Program

Infographic: 1113 white land fee invoices issued in Makkah

More than 23 million square meters have been billed and 33,000 square meters of land has been explored within the eighth cycle.

Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

Don't buy real estate without a consultant!

Why you need a real estate agent: Negotiation experience, market knowledge, paperwork management and avoiding costly mistakes when buying a home in Saudi Arabia.

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