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200 thousand riyals penalty...Four tracks to comply with the real estate brokerage system

Reading time: 2 MinutesThe General Authority for Real Estate revealed the start of monitoring and compliance work for the real estate brokerage system, according to four main tracks: The Authority's field monitoring teams that verify the regularity of the work of establishments or the regularity of billboards for displaying real estate

29/07/2023

Real Estate - Ejar Platform

Video... Conditions for successful real estate investment in land

Al-Otaibi's conditions: Buying undeveloped land near the city (≤15 km), budget ≤100k SAR, presence of a hospital and university, population >30k.

Video... New regulations to control real estate prices and rents in Saudi Arabia

Public Authority for Real Estate: No immediate decisions to lower rents, controls are being considered in conjunction with oversupply initiatives and white land fees.

The General Authority of Real Estate answers Amlak newspaper's inquiries The classification of real estate brokerage establishments is optional. It will be mandatory after the issuance of the new system

The Authority clarifies the criteria for registration and classification: standardized contracts, three trained services, registration via the platform and workplace equipment

Learn about the procedural guide for selling and leasing off-plan real estate projects after its approval

The General Real Estate Authority adopts a 55-case regulatory guide to regulate the registration of developers, protection of buyers and management of escrow accounts.

Off-plan real estate projects

بالتفاصيل.. طرح مشروع نظام فرز وملكية الوحدات العقارية وإدارة المناطق المشتركة لاستطلاع الآراء

الهيئة العامة للعقار تدعو الجهات والعموم للمشاركة في المشاورات بشأن مسودة نظام ينظم التعاملات ويحدد حقوق الملاك

Zakat, Tax and Customs Authority

Zakat Commission approves new executive regulations for the real estate transaction tax system

The regulation imposes a 5% tax on all real estate transactions and specifies the criteria for exemption and the value of the transaction.

Al-Haqeel

الحقيل: بيع الوحدات لغير المستفيدين خطوة لتحقيق توازن السوق العقاري

الموافقة تتيح بيع وحدات مشاريع الوزارة لشرائح جديدة ضمن ضوابط تنظيمية تراعي الشفافية واحتياجات السوق

Saudi Central Bank

Saudi Central Bank announces the start of the implementation of the latest Basel III reforms in the Kingdom

SAMA implements reforms to improve the sensitivity of the calculation of risk-weighted assets and updates the capital risk guidelines.

Cabinet grants the Ministry of Municipalities and Housing the authority to sell housing units to non-housing subsidy beneficiaries

The council agreed in Jeddah during a session chaired by the crown prince, with controls in coordination with the relevant authorities

Cadastre

Real Estate Registry wins Local Content Excellence Award in the private sector track

It won first place in the public services track with 78.05% local content during a ceremony sponsored by the Minister of Industry in Riyadh.

Zakat, Tax and Customs Authority

«Zakat» invites organizations to submit tax withholding forms for the month of April

Businesses are reminded to submit the forms via the Authority's website before May 11 to avoid the 1% late penalty every 30 days.

Residential program

محافظ الطائف يلتقي نائب محافظ الهيئة العامة لعقارات الدولة ويطلع على أهدافها ومشاريعها

استعرضا برامج ومشروعات الهيئة وآليات حماية وتنظيم واستثمار عقارات الدولة وتعزيز التعاون مع الجهات بالمحافظة

Launching the Occupational Safety and Health Standards Guide to promote safe and sustainable work environments

A directory of more than 4,500 standards for six sectors to support compliance, productivity and sustainability in business environments.

Off-plan real estate projects

هيئة العقار تتلقى 666 بلاغًا وترصد عددًا من المخالفات خلال الشهر الماضي

أجرت الهيئة ووزارة الموارد البشرية 18 جولة رقابية وزارت 237 منشأة وعاينت أكثر من 5,236 إعلانًا إلكترونيًا

تسوق- ضريبة القيمة المضافة

180 يوماً لتوفيق أوضاع المجموعات الضريبية المسجلة لدى «هيئة الزكاة»

هيئة الزكاة تمنح ممثلي المجموعات الضريبية مهلة 180 يوماً لتوفيق أوضاعهم بموجب تعديلات المادة العاشرة.

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