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The Saudi Ministry of Municipalities and Housing announced the adoption of controls and procedures to regulate real estate transactions on land subject to white land fees, as it included the regulation of cases of restricting the transfer of ownership in accordance with specific conditions and procedures, thus contributing to the regulation of real estate transactions, taking into account the needs of owners and developers, and supporting the continuity of real estate development and investment projects, according to the Saudi Press Agency (SPA).
The Ministry stressed that the adoption of these controls comes in implementation of the Council of Ministers Resolution No. (263) dated 12/3/1448 AH, which stipulated that the real estate transactions that carry the ownership of land subject to white land fees should not be documented only after verifying the payment of the fees due to it, in a way that enhances the obligation to pay, and regulates real estate transactions, taking into account cases that require special regulation of transactions.
Cases include actions implemented within approved projects for sale and lease on the map
She pointed out that the cases include the provision of the entire land in kind in the capital of a real estate investment fund, the division of the estate among the heirs, the sale of the land to a buyer to be developed or built during the additional period granted to the taxpayer in accordance with the specified conditions, in addition to the sorting of the land subject to the fee or its integration between the owners themselves for the purpose of development, and the actions of the transfer of ownership based on judicial rulings.
She explained that the cases include the actions implemented within approved projects for sale and lease on the map, and the actions to which the state is a party, or arising from the expropriation of the public interest, and the temporary seizure of real estate.
The ministry pointed out that documenting the dispositions in these cases requires the completion of the necessary legal procedures, while continuing the commitment to pay the fees due in accordance with the specified controls, stressing that these cases do not represent an exemption from fees, but organizational paths that allow the documentation of specific behaviors in accordance with their regulatory requirements.
The ministry said that these controls come within its efforts to develop the real estate market system, raise the efficiency of land exploitation, stimulate investment and real estate development, thus contributing to increasing the real estate supply, providing various housing options, and enhancing the efficiency and sustainability of the sector, in line with the aspirations of beneficiaries and supporting the objectives of improving the quality of life.
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