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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
Real estate projects in Saudi Arabia

“Executive Regulations for Housing Subsidies” come into effect. New rules and conditions

A new decision regulates the eligibility and priority mechanisms with a point system, sets a premium rate of 33% and requires data updating.

Residential program

“Residential” program announces modification of the duration of a divorced mother's entitlement to support

تخفيض مدة استحقاق الأم المطلقة للدعم السكني من سنتين إلى سنة واحدة

Real Estate Registration Authority Logo

“Real Estate Authority conducts 44 rounds of inspections in September to ensure compliance. A number of violations were detected

KDIPA teams visited 541 establishments, carried out 10,262 field audits, and received and processed 820 real estate reports.

Rent platform

Rent platform: 4 modifications the tenant is prohibited from making in residential and commercial units

Structural, electrical, HVAC, and plumbing modifications are prohibited without owner approval and technical approval, with legal liability.

Riyadh Chamber - Businessmen Ceremony

Riyadh Chamber discusses the role of the real estate registry in enhancing transparency Next Tuesday

The Real Estate Committee organizes the Real Estate Diwaniya on Tuesday, October 7 at the Riyadh International Center, the CEO of the Real Estate Registry is the keynote speaker at 5:30 pm.

President of the Eastern Chamber

Eastern Chamber: The legal provisions of the rental relationship are in line with the goals of Vision 2030

President of the Eastern Chamber praises the new regulation of the rental relationship to raise the efficiency of the market, stabilize investors and increase the contribution of the real estate sector

Royal Commission in Riyadh

Royal Commission in Riyadh clarifies residency requirement to obtain land through the real estate balance platform

The Royal Commission confirms that residence within the urban area of Riyadh is a prerequisite, and suburbs and farms are ineligible with the possibility of objection.

Rent platform

New updates in the regulation of the rental relationship More flexible and organized controls between landlord and tenant

Define automatic renewal mechanisms, set the rental value, e-documentation and track payments via Ejar platform

Public Authority for Real Estate logo

Dealing outside the Ejar platform. Legal risks and financial losses

The Authority confirms the invalidity of rental contracts outside the «Ejar» platform and calls for documenting them to avoid legal risks and financial losses.

The Second Forum Real Estate Balance - Al-Haqeel

November is the date for announcing the names of land beneficiaries through the real estate balance platform

Majid Al-Hogail revealed the registration of 40% landowners and plans to boost housing supply and provide units in accordance with Vision 2030.

Ministry of Municipalities and Housing

Ministry of Municipalities and Housing Updates Regulatory Requirements for Transportation Rental Offices

New rules covering parking, safety, availability and e-payment to better regulate the vehicle rental industry.

Engineer Abdullah bin Saud Al-Hammad

Head of the Real Estate Authority: The rental market is vast and diverse. We are working on a regulation that promotes confidence and reduces inflation

Authority: Riyadh has 538,000 residential units, 332,000 commercial units, and more than one million rental units.

Video... Text of Al-Haqeel's and the head of the Real Estate Authority's speeches on regulating the real estate market at the government press conference

Offer practical steps to open up land and apply white land fees to control housing prices and stabilize the market.

Saudi Central Bank

Saudi Arabia's central bank approves visitor ID to open bank accounts

The Visitor ID is officially accepted as a verification document to open bank accounts for visitors to the Kingdom through technical platforms.

Building Compliance Certificate

Building Compliance Certificate Request Cases in Saudi Arabia

A certificate issued electronically by the Ministry of Municipalities and Housing after a field inspection and is required when selling, renting or financing.

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