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Insurance Commission: Approval of Damanat's off-plan developer financing guarantee product

Reading time: < 1 MinuteThe Insurance Authority announced the approval of the Saudi Housing Guarantee Services Company's off-plan developer financing guarantee product for group customers.... Read more

The product aims to enable developers to obtain funding and promote innovative insurance products with the need to verify the product number.

10/07/2024

White Land Fees Program

In detail. Learn about the amendments to the white land fee system and vacant properties

Approved amending the ordinance to include vacant properties and establishing annual fees of up to 10% and varying effective dates.

Zakat, Tax and Customs Authority

«Zakat invites businesses subject to excise tax to submit their returns for March and April

Filing deadline is May 15, 2025, with a late filing penalty of 5% for every 30 days; information via 19993

Residential program

«إنفاذ» يُشرف على 31 مزادًا لبيع 218 من الأصول في 8 مناطق

المزادات تقام حضوريًا وإلكترونيًا من 11 إلى 20 مايو 2025 والتفاصيل وشروط المشاركة على موقع إنفاذ.

Video... Conditions for successful real estate investment in land

Al-Otaibi's conditions: Buying undeveloped land near the city (≤15 km), budget ≤100k SAR, presence of a hospital and university, population >30k.

Video... New regulations to control real estate prices and rents in Saudi Arabia

Public Authority for Real Estate: No immediate decisions to lower rents, controls are being considered in conjunction with oversupply initiatives and white land fees.

The General Authority of Real Estate answers Amlak newspaper's inquiries The classification of real estate brokerage establishments is optional. It will be mandatory after the issuance of the new system

The Authority clarifies the criteria for registration and classification: standardized contracts, three trained services, registration via the platform and workplace equipment

Learn about the procedural guide for selling and leasing off-plan real estate projects after its approval

The General Real Estate Authority adopts a 55-case regulatory guide to regulate the registration of developers, protection of buyers and management of escrow accounts.

Off-plan real estate projects

بالتفاصيل.. طرح مشروع نظام فرز وملكية الوحدات العقارية وإدارة المناطق المشتركة لاستطلاع الآراء

الهيئة العامة للعقار تدعو الجهات والعموم للمشاركة في المشاورات بشأن مسودة نظام ينظم التعاملات ويحدد حقوق الملاك

Zakat, Tax and Customs Authority

Zakat Commission approves new executive regulations for the real estate transaction tax system

The regulation imposes a 5% tax on all real estate transactions and specifies the criteria for exemption and the value of the transaction.

Al-Haqeel

Al-Hogail: Selling units to non-beneficiaries is a step to balance the real estate market

الموافقة تتيح بيع وحدات مشاريع الوزارة لشرائح جديدة ضمن ضوابط تنظيمية تراعي الشفافية واحتياجات السوق

Saudi Central Bank

Saudi Central Bank announces the start of the implementation of the latest Basel III reforms in the Kingdom

SAMA implements reforms to improve the sensitivity of the calculation of risk-weighted assets and updates the capital risk guidelines.

Cabinet grants the Ministry of Municipalities and Housing the authority to sell housing units to non-housing subsidy beneficiaries

The council agreed in Jeddah during a session chaired by the crown prince, with controls in coordination with the relevant authorities

Cadastre

Real Estate Registry wins Local Content Excellence Award in the private sector track

It won first place in the public services track with 78.05% local content during a ceremony sponsored by the Minister of Industry in Riyadh.

Zakat, Tax and Customs Authority

«Zakat» invites organizations to submit tax withholding forms for the month of April

Businesses are reminded to submit the forms via the Authority's website before May 11 to avoid the 1% late penalty every 30 days.

Residential program

Taif Governor meets Deputy Governor of the Public Authority for State Properties and learns about its goals and projects

استعرضا برامج ومشروعات الهيئة وآليات حماية وتنظيم واستثمار عقارات الدولة وتعزيز التعاون مع الجهات بالمحافظة

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