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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

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

Cadastre

Real Estate Registry begins registering 90,804 real estate plots in Riyadh and Medina

Owners are required to register their properties via rer.sa before February 27, 2025 to benefit from services and avoid penalties.

Infographic: Everything you need to know about the Real Estate Registrar Its services, benefits and objectives

The Real Estate Registry launches a digital service to facilitate transactions and document rights without visiting branches, in support of the goals of the Kingdom's Vision 2030.

Ministry of Commerce - Saudi Companies

Ministry of Commerce: 60 days left before the deadline for amending the Articles of Incorporation expires

Companies are invited to amend their articles of incorporation via business.sa before January 18, 2025, with no current publication fees.

182 properties on Khalid bin Al-Walid Street and King Khalid Road Tunnel in Taif to be demolished

Prince Saud bin Nahar inspected the expansion of the road, bridge and tunnel from Bab Al-Hazm to Wadi Waj, and the percentage of completion 64%

PRA and Land Registry launch real estate developer portal during Cityscape

PRA and Land Registry launch real estate developer portal during Cityscape

A platform within the Real Estate Registry to document off-plan sales projects and issue and digitally convert certificates into title deeds.

«Industry» issues 28 mining licenses in August

The licenses included exploration, quarries, and surplus ores, bringing the total number of active licenses to 2,288 by the end of August.

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