{"id":58668,"date":"2023-08-21T11:09:35","date_gmt":"2023-08-21T08:09:35","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=58668"},"modified":"2023-08-21T11:09:35","modified_gmt":"2023-08-21T08:09:35","slug":"%d9%88%d8%a7%d9%81%d9%8a-%d8%a7%d8%b3%d8%aa%d8%ab%d9%86%d8%a7%d8%a1-%d8%a7%d9%84%d8%aa%d8%b5%d8%b1%d9%81%d8%a7%d8%aa-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a%d8%a9-%d9%84%d9%85%d8%b4%d8%a7%d8%b1","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/58668\/","title":{"rendered":"Wafi: Exclusion of real estate transactions for off-plan sales incentivizes development partnerships"},"content":{"rendered":"<p>emphasized <span style=\"color: #800000;\"><strong><a style=\"color: #800000;\" href=\"https:\/\/wafi.housing.gov.sa\/\">The \u201cWafi\u201d Off-Plan Sales and Leasing Committee\u201d<\/a><\/strong><\/span> That the exception <span style=\"color: #800000;\"><strong><a style=\"color: #800000;\" href=\"https:\/\/amlak.net.sa\/en\/58654\/\">Real estate transactions<\/a><\/strong><\/span> Off-plan sales projects will encourage landowners and developers to form successful partnerships to develop projects under the off-plan sales system and take advantage of its benefits; which will increase the supply of residential units and the variety of options in the real estate market, and reduce the cost of homeownership for Saudi families.<\/p>\n<h4><span style=\"color: #800000;\"><strong><a style=\"color: #800000;\" href=\"https:\/\/amlak.net.sa\/en\/58654\/\">Real estate transactions<\/a> A Fruitful Collaboration with Wafi<\/strong><\/span><\/h4>\n<p>For his part, Naif bin Nawaf Al-Sharif, Secretary-General of the Off-Plan Sales and Leasing Committee, explained that the amendment to the executive regulations governing the real estate transaction tax for off-plan projects resulted from joint cooperation with the Zakat, Tax, and Customs Authority and \u201dWafi,\u201d and in line with the requirements and trends of the real estate market to balance supply and demand; This amendment exempts the transfer of real estate by any person acting on behalf of a real estate developer licensed to engage in off-plan sales or leasing activities, provided that the property is designated for one of the off-plan sales projects.<\/p>\n<p>It is worth noting that \u201cWafi\u201d and the White Land Program previously launched a new mechanism to accelerate the pace of land development through a process that enables landowners to approve private residential land subdivision plans within 60 days, with the aim of increasing the supply of residential real estate and raising the homeownership rate to 70% by 2030, in accordance with the targets of the Housing Program\u2014one of the programs under the Kingdom\u2019s Vision 2030.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>The Wafi Committee for Sale or Leasing on the Map (Wafi) confirmed that the exclusion of real estate transactions for off-plan sales projects will motivate landowners and developers to successfully partner to develop projects with the off-plan sales system and benefit from its advantages, which will enhance the supply of housing units and multiple options in the real estate market, and reduce the cost of home ownership for Saudi families. Real Estate Actions Fruitful cooperation with Wafi ... <a title=\"Wafi: Exclusion of real estate transactions for off-plan sales incentivizes development partnerships\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/58668\/\" aria-label=\"Read more about Wafi: Exemption of Real Estate Transactions for Off-Plan Projects Stimulates Development Partnerships\">Read more<\/a><\/p>","protected":false},"author":10,"featured_media":31834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[104],"tags":[],"class_list":["post-58668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-and-regulations"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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