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King Salman issues royal orders to impose real estate transaction tax worth 5% of property value

Reading time: 2 Minutesاوامر ملكية – أصدر الملك سلمان بن عبدالعزيز آل سعود، حفظه الله، أوامر ملكية قضت بإعفاء التوريدات العقارية التي تتم بعد نفاذ الأحكام الواردة في ... Read more

02/10/2020

Royal Orders - Private Sector - Labor Market

Infographic: Everything you need to know about the Real Estate Registrar Its services, benefits and objectives

The Real Estate Registry launches a digital service to facilitate transactions and document rights without visiting branches, in support of the goals of the Kingdom's Vision 2030.

Ministry of Commerce - Saudi Companies

Ministry of Commerce: 60 days left before the deadline for amending the Articles of Incorporation expires

Companies are invited to amend their articles of incorporation via business.sa before January 18, 2025, with no current publication fees.

182 properties on Khalid bin Al-Walid Street and King Khalid Road Tunnel in Taif to be demolished

Prince Saud bin Nahar inspected the expansion of the road, bridge and tunnel from Bab Al-Hazm to Wadi Waj, and the percentage of completion 64%

PRA and Land Registry launch real estate developer portal during Cityscape

PRA and Land Registry launch real estate developer portal during Cityscape

A platform within the Real Estate Registry to document off-plan sales projects and issue and digitally convert certificates into title deeds.

«Industry» issues 28 mining licenses in August

The licenses included exploration, quarries, and surplus ores, bringing the total number of active licenses to 2,288 by the end of August.

Infographic: 11 local and international companies win exploration licenses for 6 mining sites

The tour included 6 sites in Riyadh, Makkah and Asir, with 44 offers, and companies pledged to spend 75 million and 5 million riyals for development.

Shura Council

Shura Council discusses the annual report of the Real Estate Fund amid calls to reduce the prices of housing products

Council members suggested Aramco-like housing programs, incentives for retirees and the use of artificial intelligence for market forecasting

Ministry of Municipalities and Housing organizes GCC standardized classification workshop for contractors

A workshop in Riyadh attended by the General Secretariat and representatives of the Gulf countries to discuss the development of a guide and mechanisms for the unified classification of contractors.

Dr.. Dr. Moans Shujaa writes about: Teamwork and Startups

Executive or ownership management for family businesses

The separation of management and ownership strengthens governance, increases investor confidence, and ensures the sustainability and expansion of family businesses.

Zakat, Tax and Customs Authority

Determining the selection criterion for Group 17 to implement the “connect and integrate” phase of e-invoicing

The group includes establishments whose taxable income exceeded SAR 2.5 million in 2022 or 2023.

Off-plan real estate projects

Violations detected and reports received “Real Estate Authority” conducts 15 rounds of monitoring to ensure compliance during October

KDIPA visited 192 establishments, monitored 764 advertisements and received 271 reports during October

Evaluation Logo - Saudi Organization for Certified Valuers

Survey on modifying the compensation mechanism for expropriated property appraisers

KDIPA invites participation until November 11 to propose a mechanism to distribute fixed bonuses and assignment compensation according to clear criteria

Real Estate Authority official reveals how emerging technology is shaping the future of proptech What is it?

The General Real Estate Authority launches the Saudi Proptech Center and four initiatives to promote innovation and attract investment in real estate technologies.

Shura Council

Shura Council approves the amendment of the Saudi Building Code Implementation Law

Replace the "National Committee" with the Saudi Building Code Center and amend the text to make the Minister of Municipalities and Housing the Chairman of the Board of Directors of the Authority.

Off-plan real estate projects

Requirements for obtaining the premium sorting service from the Real Estate Authority and the application mechanism

KDIPA clarifies the documents (electronic deed, license, meters, AutoCAD plan) and the steps for automated submission through an accredited engineering office.

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