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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
Zakat, Tax and Customs Authority

Conditions for adding VAT to commercial rentals

KDIPA clarifies the registration mechanisms, limits and procedures for imposing 15% on shop rentals.

Off-plan real estate projects

Public Authority for Real Estate reviews the progress of the real estate legislation system

The Board reviewed the progress of the real estate legislation system, real estate registration, real estate activity licenses, and the Authority's plans, reports and decisions.

Off-plan real estate projects

Saudi Real Estate Authority Launches Real Estate Technology Accelerator Details

A six-month program that supports real estate tech companies with training, mentorship, and investor connections to boost the sector's contribution to the economy.

Zakat, Tax and Customs Authority

Determining the criteria for selecting the organizations targeted in e-invoicing group 16

Group 16 includes establishments with VATable revenues of more than SAR 3 million in 2022 or 2023.

Public Authority for Real Estate Taysir Al-Mafraj

Public Authority for Real Estate: Unregistered real estate cannot be legally disposed of

Released: Electronic real estate registration is mandatory for sale and rental transactions, and re-registration is done electronically within minutes.

Real estate marketing

How can you check the data on the e-title deed before buying?

Expert Abdullah Al-Otaibi's tips to check the plan, land number, area, deed status, restrictions and property status.

Union of Chambers of Commerce - Real Estate Brokerage System

The Federation of Saudi Chambers issues the first temporary entry book for goods in the Kingdom

The Kingdom becomes the 80th country to implement the ATA Carnet system to facilitate temporary imports and boost the exhibitions and events sector.

In detail... Articles of the Rest Houses Regulation after it was released on a polling platform

The 15-article regulation is open for consultation until October 15, 2024 to determine the supervisory body, business models, and technical connectivity.

Ejar - Ejar Platform

What are the main objectives of the contract registration service through real estate platforms?

Ejar platform clarifies the objectives of registering contracts electronically: Facilitating research, supporting investors, strengthening partnerships and increasing customer satisfaction.

Zakat, Tax and Customs Authority

Infographic: Highlights of the new exemptions in the Real Estate Transaction Tax Law

Zakat, Tax and Customs Authority reveals details of new exemptions and real estate tax system implementation dates

Al Baha Municipality issues more than 1350 building compliance certificates

Launched initiatives to address visual impairment and addressed 7,242 observations and reports until the third quarter of 2024

Municipality of Tabuk signs contracts for development projects worth more than 383 million riyals

Contracts worth 204.6 million for maintenance and 178.7 million for infrastructure for Tabuk Municipality projects in 2024.

Ministry of Commerce spokesperson reveals 5 key benefits of the new commercial registry system

Granting a five-year grace period for correcting subsidiary registries, adopting a single national commercial registry, and requiring businesses to open a commercial bank account.

Cabinet Approves Commercial Registration and Trade Names Law

They adopt a standardized electronic business registry and name reservation rules, with a five-year grace period and requirements for annual confirmation and bank account opening.

Cabinet Approves Real Estate Transaction Tax Law

5% is levied on the value of the sale or transfer of the property and is payable upon real estate clearance or notarization.

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