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After Cabinet amendments. The Certified Resident System is a quantum leap for the profession

Reading time: < 1 Minuteثمن وزير المالية محمد الجدعان صدور تعديلات مجلس الوزراء في نظام المقيمين المعتمدين

08/06/2023

Certified Resident System

A property manager in a homeowners association. What do you know about it, what are its duties and how is it appointed?

الهيئة العامة للعقار تفصّل مهام المؤهلين وإجراءات الترشيح والتصويت والتقديم الإلكتروني لتعيين وتغيير مسؤول إدارة العقار.

Ministry of Industry processes 556 requests for customs exemption in March

The exemption requests included 1,908 items of raw materials and 5,332 items of machinery and equipment, and the service is provided electronically through the "Industrial" platform.

Real estate valuation in the construction phase How are unfinished projects valued?

Standards, methods and risks of evaluating real estate projects under construction to support financing and investment decisions.

Yazid Al-Yahya

Real Estate Registry appoints Mr. Yazeed Al-Yahya as spokesperson

It aims to enhance media communication, transparency, and provide reliable information and statistics from an official source in the real estate sector.

White Land Fees Program

In detail. Learn about the amendments to the white land fee system and vacant properties

Approved amending the ordinance to include vacant properties and establishing annual fees of up to 10% and varying effective dates.

Zakat, Tax and Customs Authority

«Zakat invites businesses subject to excise tax to submit their returns for March and April

Filing deadline is May 15, 2025, with a late filing penalty of 5% for every 30 days; information via 19993

Residential program

«إنفاذ» يُشرف على 31 مزادًا لبيع 218 من الأصول في 8 مناطق

المزادات تقام حضوريًا وإلكترونيًا من 11 إلى 20 مايو 2025 والتفاصيل وشروط المشاركة على موقع إنفاذ.

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

Details... The draft system for the sorting and ownership of real estate units and the management of common areas is out for consultation

Public Authority for Real Estate invites entities and the public to participate in consultations on a draft system that regulates transactions and defines the rights of landlords

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

Al-Hogail: Selling units to non-beneficiaries is a step to balance the real estate market

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.

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