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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 Finance - Kingdom Budget - Renting Real Estate
Ministry of Human Resources - Contracting
Public Authority for Real Estate
Ministry of Municipalities and Housing
Zakat, Tax and Customs Authority
White Land Fees Program
Ministry of Human Resources logo
Real Estate Registration Authority Logo
Public Authority for Real Estate logo
Evaluation Logo - Saudi Organization for Certified Valuers
Zakat, Tax and Income Tax Authority - Exemption from financial penalties
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