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How does a real estate developer dispose of surplus off-plan sales projects?

Reading time: < 1 Minuteنصت المادة الثانية عشرة من اللائحة التنفيذية لنظام البيع أو التاجير على الخارطة على: يجوز للمطور طلب الصرف من حساب الضمان للمصاريف الإدارية والتسويقية- والمصاريف ... Read more

The regulation regulates the withdrawal of surplus after the approval of the competent authority and the contractor and consultant reports, with a ceiling of 20% for non-construction expenses and retention of 20% and 5%.

16/05/2024

Off-plan sales projects - Real estate transactions
Ministry of Commerce Financial Statements Filing

«Trade» invites organizations that have been registered in the commercial register for a year to confirm the data electronically

The ministry is urging organizations registered a year ago to confirm their data electronically within 90 days via the business platform to avoid register suspension.

Minister of Human Resources Issues Decision to Classify Expat Workers' Work Licenses by Skill Categories

Classification into three categories (high, skilled, and basic) begins technically on June 18, 2025 and for expats on July 1, 2025.

What do you know about the real estate registrar service to execute transactions and manage rights and obligations?

Real Estate Registry enables the execution of transactions and management of rights through licensed registrars electronically without the need to visit branches

«Ejar» confirms that the party causing the delay is liable for the costs of delay and maintenance

It clarifies that expenses, fines, and damages resulting from inaction are legally borne by the party at fault.

Real Estate Registration Authority Logo

«Real Estate Authority (REA) conducts 8 compliance inspections last month

The tours included visiting 108 establishments and conducting 6,532 audits, and the authority received 778 reports with violations and fines of up to 200,000 riyals

Nagz platform

How to activate a Najeez Business account via Najeez platform?

A summary of the steps to register and activate a business account for owners, companies and public benefit organizations through the Najeez portal.

Ministry of Municipalities and Housing - Group Housing Requirements

«Municipalities and Housing» emphasizes compliance with warehouses and storage requirements and calls for reporting violators

The ministry emphasizes that enforcing the requirements protects public safety and regulates investment, and calls for reporting via 940 and Baladi.

Residential program

Secretary of the Contractors Authority: SAR 2.2 trillion worth of projects turn the sector into a «gold mine»

Al-Rashoudi revealed 21 initiatives to develop the sector, emphasizing the existence of a funding gap and investment opportunities.

Ministry of Municipalities and Housing

“Municipalities and Housing”: Addressing objections to municipal violations within 15 days

The ministry allows receiving and processing objections electronically within 15 days via the unified objections platform, without field reviews.

Crown Prince directs extending the study period for regulating the relationship between landlord and tenant to no more than 90 days

The directive aims to finalize comprehensive regulatory requirements for the residential, commercial and office sectors to ensure the balance of parties' rights

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

A Real Estate Perspective on Agricultural Investment

The increase in cultivated areas and the support of government programs and green initiatives reveal expansion opportunities and a growing market for agricultural investment.

Residential program

“Real Estate and Contracting Week” discusses the decision-making methodology for investing in real estate development

A workshop in Madinah presented by Adeeb Al-Muhaimid, organized by the Enterprise Support Center, on investment decision-making methodology, feasibility and risk analysis.

Ministry of Commerce - Saudi Companies

The deadline for filing financial statements expires today. Fines await offending companies

The deadline for filing financial statements for companies whose year ended on December 31, 2024 expires today, with fines for violators

Dr.. Dr. Hamoud Al-Faleh 2

The real estate broker. From the margins to the forefront

The 2023 system enforced licenses and standardized electronic contracts, documenting more than 96k contracts and issuing 35k licenses by Q1 2025.

Abdulhakim Al-Kharji - 95th National Day

Legal compliance and governance: The pillar of sustainability in real estate projects

كيف يحمي الالتزام القانوني وحوكمة المشاريع العقارية الاستثمارات ويعزز ثقة الممولين والمشترين.

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