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Implementation of the real estate brokerage system threatens the informal sector with extinction

Reading time: 2 MinutesImplementation of the real estate brokerage system threatens the informal sector with extinction

08/01/2023

Real Estate Brokerage System
Public Authority for Real Estate logo

Real Estate Authority monitors a number of violations during the past month

28 joint monitoring tours visited 304 real estate facilities in a number of regions of the Kingdom to ensure compliance with real estate legislation

Regulating the rental relationship. Covered contracts, enforcement mechanisms and the rights of the parties

The General Authority for Real Estate unifies the controls of residential and commercial rental contracts in Riyadh, and determines the mechanisms of pricing and registration through the «Ejar» network.

Riyadh Infrastructure Projects Center to require contractors to pre-qualify technical approval starting next January

Requiring prior technical approval as part of the Ossul program to increase the efficiency and quality of infrastructure projects in Riyadh from 2027

Non-Saudis owning real estate in Saudi Arabia Will it boost Saudi Arabia's competitiveness in the real estate market?

The new system makes it easier for non-Saudis to own real estate, attracts international investors and developers, and increases the real estate sector's contribution to the non-oil economy.

«Al-Hammad» at the Future of Real Estate Forum: Integrated real estate regulation is a pillar to attract investment and enhance confidence

Abdullah bin Saud Al Hammad, CEO of the General Real Estate Authority (GRA), emphasized that regulatory innovation and regional integration are central to the future of real estate regulation.

«Sibel and Land Registry launch linking the national address to the real estate newspaper

The agreement aims to link the national address with the real estate newspaper to enhance the reliability of data, and support regulation and control in the real estate market.

Riyadh Region Infrastructure Projects Center - Infrastructure Projects

Infrastructure Projects Center announces regulatory framework for the infrastructure sector

The Riyadh Infrastructure Projects Center has announced the Infrastructure Sector Regulatory Framework Initiative.

Video: Minister of Municipalities and Housing sponsors the ceremony honoring the winners of the Real Estate Excellence Award

The award recognizes pioneering real estate projects and destinations that promote quality, sustainability and innovation, and connects the Saudi experience to global markets through an international platform.

Minister of Investment: Real estate and construction is the pillar of economic growth and contributes 13% of GDP

Al-Falih praises reforms that boost real estate attractiveness and foreign investment flows at Future of Real Estate Forum in Riyadh

Public Authority for Real Estate

Real Estate Authority sets date for launch of geographic zones for foreign ownership of real estate in Saudi Arabia

General Real Estate Authority sets new regulatory framework for foreign ownership, with geographic ranges to be announced in early 2026

Public Authority for Real Estate logo

Non-Saudi property ownership system comes into effect for non-Saudis and receive applications for ownership through the «Saudi Real Estate» platform»

Saudi Real Estate Authority begins applying for non-Saudis to own real estate and receiving applications through the «Saudi Real Estate» portal

Public Authority for Real Estate spokesperson Tayseer Al-Mafraj

Real Estate Authority takes legal action against a real estate practitioner who practiced analysis without a license

KDIPA emphasizes the necessity of licensing real estate analysis activity, and confirms the continued monitoring of the market to protect traders and enhance transparency and confidence

Saudi Water Authority clarifies the rights of beneficiaries when service is suspended

CRA emphasizes prior notification, documentation of the reason for suspension, restoration of service within 24 hours, and flexible complaints and financial solutions

Completion of infrastructure services is a prerequisite for the approval of new residential plans Details

Requiring the completion of household connections to infrastructure to approve new residential plans as part of the Plan Readiness Initiative and the «Assets» program.

City-Riyadh

 Expropriation of real estate in the public interest Fair compensation and guarantees

The new expropriation law establishes transparent procedures, additional 20% compensation, tax exemptions, and controls on the use of public property.

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