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Amended Surveillance Law approves the formation of monitoring committees for finance companies

Reading time: 4 Minutesأقر نظام نظام مراقبة شركات التمويل المعدل تكوين لجنة مراجعة من غير أعضاء مجلس الإدارة التنفيذيين، وأشارت التعديلات إلى أنه سوف تصدر في شأن مهماتها، ... Read more

The amendments specify the duties and rules for the selection of non-executive audit committee members and impose restrictions on conflicts of interest.

24/06/2024

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.

Citizen's account

Adding the lease contract in the Citizen Account Conditions and implementation mechanism

Guidelines for attaching a lease, proof of independence, reporting real estate returns, and data update dates.

Rent - Residential Contracts - Refunds

What does a landlord do if a tenant refuses to pay rent or vacate?

Explain the steps of submitting an executive claim, requesting evacuation, documenting and canceling contracts through the Ejar platform.

Ministry of Municipalities and Housing - Group Housing Requirements

“Municipalities and Housing”: Registration for the Permanent List of Qualified Developers for Regulatory Services Begins

Invitation to apply online within 20 days to select qualified developers to customize 6 types of surveillance services.

Saudi Central Bank

“SAMA issues ”Compliance“ and ”Internal Audit“ principles for real estate finance and refinance companies

SAMA adopts an organizational framework that defines the functions of compliance and internal audit units and establishes the roles of the board of directors and executive management.

Zakat, Tax and Customs Authority

Conditions for adding VAT to commercial rentals

KDIPA clarifies the registration mechanisms, limits and procedures for imposing 15% on shop rentals.

Off-plan real estate projects

Public Authority for Real Estate reviews the progress of the real estate legislation system

The Board reviewed the progress of the real estate legislation system, real estate registration, real estate activity licenses, and the Authority's plans, reports and decisions.

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