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Premium Residency and Creating New Markets

Reading time: 2 Minutesالإقامة المميزة وصناعة أسواق جديدة عبدالرحمن بن علي آل قوت نظام الإقامة المميزة في السعودية هو برنامج يهدف إلى جذب المستثمرين والمواهب الواعدة من خارج ... Read more

Residency system attracts investors and talent, boosts demand for luxury real estate and stimulates new markets and services

12/01/2024

Abdulrahman Al-Qout - Real Estate Sales - Multiple Options - Selling Residential Units
Data Analysis and Technology

Digital Sovereignty in Saudi Arabia Legislative and technical regulations that secure data in cyberspace

Saudi Arabia strengthens its digital sovereignty through advanced legislation, platform standardization, and data protection, solidifying its leadership in global indicators

Minister of Municipalities and Housing clarifies mechanism for charging fees on vacant properties after adopting executive regulations

The new regulation adopts gradual fees on vacant units according to specific market indicators, to stimulate their utilization and increase the real estate supply.

Head of the Real Estate Authority: Announcement of real estate zones in the capital for real estate registration has been completed

The General Authority for Real Estate announces the inclusion of all properties in the urban area of Riyadh in real estate registration and the completion of the digital real estate map of the city

Riyadh Real Estate - Real Estate Registration

Officially... Adoption of the executive regulations for vacant property fees

Executive regulations impose annual fees not exceeding 5% on vacant properties to increase supply and control prices in the Saudi market

Saudi Real Estate - Riyadh

«The Real Estate Authority sets new rules for property management Mandatory licensing and banning personal accounts

The General Real Estate Authority (GRA) is moving to reorganize the real estate property management activity in the Kingdom through a new draft regulation

Electricity Regulatory Authority launches campaign to raise consumer awareness of their rights and clarify disconnection prohibitions

A new awareness campaign clarifies the rights and duties of electricity consumers and the rules for not disconnecting the service to ensure justice and quality of electricity supply

Ministry of Municipalities and Housing

Including land encroachments and mass housing 1.6 million inspections carried out by regional secretariats in the first quarter

Public health, markets, visual impairment, collective housing, and land encroachment, as the pace of oversight increases and the quality of services improves

Infographic: When will white land tax invoices be issued and who will be targeted?

The program clarifies the rates and fees of white land, the billing mechanism, requesting a grace period and objection, and warns of the accumulation of fees when payment is ignored.

Residential platform

Learn about the reasons for stopping mortgage subsidies and the mechanism to inquire electronically

The platform «Sakani» revealed the most prominent reasons associated with the suspension of the existing mortgage subsidy for some beneficiaries, and the mechanisms of inquiry

Contracting sector

Ten years of warranty. Saudi Building Code recognizes joint liability for hidden defects

The amended regulation requires the designer, supervisor and executor to provide a ten-year solidarity structural guarantee covering hidden defects and invalidity of disclaimer clauses.

Saudi Building Code

In detail... Amendments to the Saudi Building Code Regulations to expand control and safety and increase the efficiency of implementation

The Ministry of Municipalities and Housing has approved amendments to the executive regulations of the Saudi Building Code, as part of the development of the regulatory system for the construction sector.

«Commerce» solicits opinions on draft penalties for not filing financial statements within the statutory period

The proposed decision sets direct and graduated fines for companies that do not comply with filing their financial statements, taking into account small enterprises and soliciting feedback.

Territory

Infographic: Additional conditional grace period for white land development What do you know about it?

The granting of the grace period is linked to the existence of an actual development path, such as a building license, plan approval, execution or off-plan sale contracts, and licensed real estate contributions.

Ejar Program Logo

Infographic: Ejar invites customers to review contract data before electronic documentation

The platform emphasizes the verification of real estate contract data before sending, paying and acknowledging, to enhance the reliability of electronic documentation and preserve rights.

Off-plan sales

«هيئة العقار» تؤكد: متابعة مشاريع البيع على الخارطة حق للمستفيدين

النظام يتيح للمستفيدين الاطلاع على السجل المحاسبي، وزيارة موقع المشروع، ومعرفة نسب الإنجاز وتقارير الاستشاري الهندسي.

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