42 days remaining to record white lands and avoid fines
The registration period for registration of white lands ends on October 30th." target ="_Blank"> The Ministry of Municipalities and Housing to register The land Before the end of the regular period (42 days from today’s date) to avoid the fine that may reach 100% of the fee." target ="_Blank"> Geographical domains subject to the application of white land fees in the city of Riyadh, in a pivotal step that aims to enhance transparency and enable owners and developers to know their obligations, and stimulate the development of lands within the urban range, in effect for the directives of His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister -may God protect him -to achieve balance in the real estate market. The maps of the geographical domains of white land fees in the city of Riyadh to complete the directives of the Crown Prince – may God protect him – to take the necessary measures to achieve balance in the real estate sector in the city of Riyadh and reduce the embracing practices of the lands within the urban range in a way that contributes to increasing the supply and stimulating the movement of buying and selling. Eclipse practices for land, and providing more real estate supply, and in a manner that achieves economic and real estate development at all levels. /> The definition of geographical domains of white land fees came after an accurate study of the lands that guarantee justice and effectiveness, and according to five segments with varying priorities, up to 10 % for the maximum priority, and ends with exemption outside the ranges, with the aim of stimulating development, optimal use of lands within cities, and reducing monopoly. The effectiveness of the fees through the annual review of the situation in any city or geographical scope, where the real estate supply, price indicators, and monopolistic practices will be evaluated periodically, and accordingly a decision is taken to continue to apply, amended or suspend fees to ensure the achievement of the desired goals. The housing supply of citizens, stimulates the developers to build, and reflects positively on the real estate sector.
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