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New Tenders Law eliminates the execution of projects at the contractor's expense and only requires termination of the contract and confiscation of the financial guarantee

Reading time: 3 Minutesألغى نظام المنافسات والمشتريات الحكومية الجديد سحب العمل وتنفيذه على حساب المتعاقد وتحميله الفروقات في الأسعار، واكتفى بفسخ العقد ومصادرة الضمان المالي إذا أخل بالتزاماته ... Read more

11/05/2019

System of competitions

New initiative: Real Estate Authority allows real estate tech companies and innovators to test their products

KDIPA launches a pilot regulatory environment to enable proptech companies to test their technologies and develop regulatory frameworks.

Land Registry signs 3 agreements at Proptech Summit to empower real estate tech companies

Agreements allow Proptech companies to access trusted data via API and support sandbox initiatives

Real Estate Advertising Regulations

In detail... Draft amendments to the rules governing the provision of real estate appraisal services to financial entities

KDIPA invites interested parties to submit comments on amendments regulating real estate appraisal times and procedures and rejection conditions.

Saudi Contractors Authority - Contracting Industry

E-model contracts. What do you know about them, how to enter into them and how to benefit from them?

Saudi Contractors Authority's e-initiative for ready-to-execute contracts reduces disputes and facilitates contracting for contractors and owners

Real estate marketing

Real estate transaction tax exemptions What do they mean for the sector?

Cabinet approves new exemptions to reduce financial burdens on developers and stimulate the growth of the real estate market.

Exemptions from real estate transaction tax A comprehensive guide for beneficiaries

Detailing the cases and categories of exemptions and their conditions to promote investment and facilitate real estate transactions in Saudi Arabia

Building license via Baladi platform

Qassim Municipality conducts 24 inspection rounds to monitor construction violations

Conducted 1238 surveillance rounds in Q3 2024, issued 101 health certificates and confiscated more than 32 kilograms.

Real Estate Registry App. Learn about its most important services and how to benefit from it

The beta version offers property registration, real estate transactions, and property management via smartphones.

Hail Municipality issues 2523 compliance certificates during the building facade correction period

The organizational certificate is awarded to owners of new and existing buildings via Baladi as part of efforts to improve facades and enhance the urban landscape.

Saudi Building Code: Strict standards to protect lives and sustainability of buildings

A session at Restatex Jeddah 2024 explains code objectives, versions, application and training requirements, and international references

Municipality of Qassim

4526 construction violations detected during building inspections in Qassim

Qassim Municipality and municipalities conducted 22,414 tours in the third quarter and issued 3,813 compliance certificates to enhance the urban landscape.

Discussions. Real estate legislation and its role in the sustainability of the real estate sector in Saudi Arabia

Prince Waleed bin Nasser leads session at Jeddah Restatex and announces the establishment of Emaar Association representing more than 200 developers

“Ammar Real Estate Developers Association” Distinguished efforts to support and develop the sector

Ammar Association gathers real estate developers to unify the voice and activate the role of the private sector and develop legislative frameworks in line with Vision 2030

Zakat, Tax and Customs Authority

The details of the articles of the Real Estate Transaction Tax Law after the Cabinet's approval

Law sets 5% tax on real estate transactions with exemptions, penalties, enforcement mechanisms and a deadline to correct the situation

Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Tamkeen Program. A new step to ease financial burdens and increase the ownership rate

The Real Estate Development Fund extends the repayment period for "Residential" beneficiaries to 30 years to reduce installments and increase the ownership rate.

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