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The real estate industry and dispute resolution are the highlights of the second day of the Future of Real Estate Forum

Reading time: < 1 Minuteيستعرض منتدى مستقبل العقار، الذي تنطلق   فعالياته خلال الفترة مابين 22- 24 يناير الحالي، في خلال جلسات اليوم الثاني عدة محاور، أبرزها صناعة العقار بمنظور ... Read more

Sessions on the second day will discuss the 2030 vision for real estate, dispute resolution tools, sustainable financing, and sector strategies and authorities.

21/01/2024

Future of Real Estate Forum
Shura Council

Shura Council calls on the Municipal and Rural Council to standardize building regulations and consider increasing the number of floors

The Shura called for studies to evaluate municipal services and infrastructure, support real estate development, and improve roads and parking lots.

Saudi Contractors Authority signs memorandum of understanding with China Enterprise Bank to develop the sector

It aims to promote the exchange of experiences and funding cooperation to develop the business environment and address the challenges of the construction sector in the Kingdom.

Ministry of Commerce - Saudi Companies

Infographic: Direct penalties for non-filing of corporate financial statements

The Ministry of Commerce applies direct financial penalties and graduated fines for failure to file financial statements of companies.

Municipality of the Holy Capital - Building Violations

Contractors and building owners must contract with a waste hauler in accordance with demolition and construction requirements

The Municipality requires contracting with a certified waste hauler and imposes a fine of 2000 riyals on violators.

Riyadh - Business - Localization of real estate activities and professions

Emiratization of real estate activities and professions goes into effect

Localization rates of 100% for workers in real estate brokerage and sustainable construction, and 70% for public establishments in real estate activities.

Amended Surveillance Law approves the formation of monitoring committees for finance companies

The amendments specify the duties and rules for the selection of non-executive audit committee members and impose restrictions on conflicts of interest.

Ministry of Commerce - Saudi Companies

ماهي العقوبات المالية لعدم إيداع الشركات السعودية للقوائم المالية

قرار وزاري يحدد غرامات لعدم إيداع القوائم المالية وتضاعف 50% عند التكرار، يبدأ تطبيقه من 1 يوليو 2024.

IMF calls on Denmark to provide additional guarantees against real estate risks

Recommendations to tighten mortgage terms, lower the loan-to-value ratio and activate the 7% risk threshold for commercial real estate.

Real Estate - Ejar Platform

Ejar platform clarifies cases in which rent can be transferred directly to the landlord

Direct transfer is allowed for contracts in force before the mandatory payment date via bank or cash transfer with an e-receipt request

Spokesperson for the General Real Estate Authority - Penalty for providing real estate informationTaysir Al-Mafraj

ماذا يفعل الوسيط العقاري حال رفض المالك دفع العمولة؟

الهيئة العامة للعقار تؤكد حق الوسيط بتقديم طلب قضائي لاستيفاء عمولته عند امتناع المالك عن الدفع.

Residential Sector - Real Estate Licensing

إنفوجراف| متطلبات قيد الشخص الاعتباري في سجل المطورين بنظام البيع على الخارطة

الهيئة العامة للعقار تحدد متطلبات القدرات المؤسسية والمالية والفنية وقواعد التأهيل والترخيص للمطورين على الخارطة

Rules and Regulations - VAT Refunds

How real estate developers recover VAT

The Zakat, Tax and Customs Board outlines additional cases for VAT refunds for real estate developers.

Excavation work

Rules and regulations: Standardization of excavation procedures in infrastructure projects

The Riyadh Infrastructure Projects Center (RIPC) issues a guideline that defines excavation standards and covers planning, permitting and safety.

Who is a real estate developer?

إنفوجراف| 4 متطلبات لقيد الشخص الطبيعي في سجل المطورين بنظام بيع وتأجير المشروعات على الخارطة

تتطلب الترخيص اجتياز برنامج التأهيل، دراسة جدوى، شهادة سلامة الائتمان، وشهادة تسجيل ضريبة القيمة المضافة

Public Authority for Real Estate - Off-plan Selling

إنفوجراف| 9 خطوات لإنشاء وتوثيق عقد وساطة بين الوسيط والمالك

الهيئة العامة للعقار تشرح خطوات منصة الوساطة لتحديد العمولة وتوثيق عقود الوسيط إلكترونياً.

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