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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

“Tanmeyah begins disbursing compensation to owners of properties expropriated for the New Square project

Disbursement of compensation to owners of properties expropriated for the New Square project has begun with scheduled appointments at the Riyadh branch, for inquiries 8001210020

Abdul Elah Al Mana Business Community Ceremony

Business Community Gala 2024: The starting point for partnerships and investment opportunities in 2025

The event brought together business leaders to strengthen relationships and build partnerships and investments that support the goals of the Kingdom's Vision 2030.

Ministry of Industry logo

Ministry of Industry issues more than 38,000 certificates of origin last month

The service covers four models of certificates of origin, targeting industrial and commercial establishments and individuals, and is available online.

Ministry of Municipalities and Housing - Group Housing Requirements

“Municipalities and Housing” launches a new package of model contracts for the municipal and residential sectors Details

الحزمة تضم 26 نموذجًا استرشاديًا متاحة مجانًا على منصة بلدي أعمال لتوحيد العقود وتقليل النزاعات.

Public Authority for Real Estate Taysir Al-Mafraj

Real Estate Authority spokesperson explains: How to avoid becoming a victim of real estate fraud

Al-Mufaraj identifies fraud indicators, explains the platform's two query features, and offers four practical tips.

Off-plan real estate projects

Infographic: What are the terms of real estate brokerage contracts?

Public Authority for Real Estate emphasizes the importance of signing brokerage contracts and clarifies their basic clauses to protect rights and promote transparency

Infographic: Who is required to issue a building compliance certificate?

Checking via Baladi app map to see if a building is bound by a certificate of compliance and the necessary conditions

Shura Council

Shura Council calls on the Real Estate Fund to expand the mortgage profit reduction program

He called on the fund to develop a self-construction product, study the rescheduling of mortgage loans after retirement, and coordinate to adopt modern construction methods.

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

Direct lending beneficiaries before 2017 to receive up to 24% discount on early repayment

It includes full or partial payment provided there are no overdue installments and application via the online portal.

Matar Al-Shammari, Old Buildings - Real Estate Marketing

Relationship Building and Relationship Management in Real Estate Marketing

A practical guide to building a network, managing clients, getting offers, and securing business in the real estate market

Real Estate Registration Authority Logo

“Real Estate Authority” conducts 12 monitoring rounds and monitors 9457 real estate advertisements

KDIPA visited 148 establishments, carried out 13,255 field inspections, tracked 14,559 electronic surveys, and processed 213 reports.

Arab Union for Construction and Real Estate Development announces its 2025 vision and initiatives

held in Cairo under the auspices of the League of Arab States; adopted the permanent headquarters in Makkah, opened membership and signed cooperation agreements

Citizen's account

Citizen Account Program begins applying financial capability criteria to applicants and activating field visits

Implementation of financial capability criteria and activation of field visits to verify eligibility as of January 2025.

Ministry of Investment and Saudi Contractors Authority sign MoU to support the contracting sector

The memorandum aims to qualify Saudi contractors to export competencies, facilitate the entry of international companies and market investment opportunities in accordance with Vision 2030

Custodian of the Two Holy Mosques

Custodian of the Two Holy Mosques directs the extension of the Citizen Account Program to the end of 2025

Citizen Account program extended until the end of 2025 with additional subsidies and open registration for beneficiaries

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