المملكة: As an extension of the Crown Prince’s directives… adopting the executive regulations for vacant real estate fees

Promoting urban development

The Ministry explained that the regulations are a regulatory tool that is activated when the approved vacancy standards are met, which contributes to stimulating the real estate supply and promoting sustainable urban development.

It confirmed The Ministry will announce later the cities and geographical areas included in the application, in accordance with the standards and procedures specified in the executive regulations