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When is the escrow account in real estate contributions closed?

Reading time: < 1 Minuteأوضحت الهيئة العامة للعقار مصير حساب الضمان في المساهمات العقارية للمرخص لهم بعد انقضاء المساهمة العقارية. وقالت الهيئة في تغريدة نشرتها على حسابه بموقع التواصل ... Read more

KDIPA confirms that the escrow account for real estate contributions can only be closed after its approval

20/03/2024

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Foreign ownership of real estate in Saudi Arabia. A bold strategic move that reshapes the real estate landscape

The Council of Ministers approves the Real Estate Ownership System for Non-Saudis with specific ranges, regulatory controls, and an executive regulation within 180 days.

Riyadh - Business - Localization of real estate activities and professions

Non-Saudis owning real estate boosts foreign investment confidence and opportunities

Cabinet approved the updated system for non-Saudis to own property on July 8, 2025 Implementation begins January 2026 after determining the ranges

“Municipalities and Housing” clarifies details of the real estate ownership system for non-Saudis Comprehensive guide

Allows foreign ownership in specific zones (Riyadh and Jeddah), with controls for Mecca and Medina, effective January 2026, and an executive regulation within 180 days.

Cabinet approves real estate ownership system for non-Saudis

An updated system that regulates foreign ownership of real estate and establishes special zones and conditions to protect the market and citizens.

Residential program

الهيئة السعودية للمهندسين تنضم للتحالف الدولي للهندسة لتعزيز الاعتراف العالمي بالمهنة

يسعى الانضمام إلى تسهيل الاعتراف بمؤهلات المهندسين السعوديين وتمكينهم من العمل وفق معايير مهنية دولية.

Council of Chambers Federation Logo

Signing a Memorandum of Cooperation between the Federation of Saudi Chambers and the Ministry of Municipalities and Housing

Under the patronage of Majid bin Abdullah Al-Hogail to promote integration, improve the business environment and support the goals of the Kingdom's Vision 2030

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.

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