Minister of Municipalities and Housing Majid Al-Hogail
Minister of Municipalities and Housing Majid Al-Hogail confirmed that the Cabinet’s approval to prohibit the documentation of any real estate transaction transferring ownership of land subject to the White Land and Vacant Properties Fees Law until the fees due on such land have been verified as paid is a strategic step aimed at safeguarding the state’s rights to collect due fees and enhancing transparency and governance in the real estate sector, thereby supporting its sustainable growth and development. 
He explained that the regulation stipulates that no real estate transaction transferring ownership of land subject to the White Land and Vacant Properties Fees Law may be documented until payment of the fees due has been verified, ensuring that the state’s financial rights are collected in accordance with the applicable regulatory frameworks, SPA reported.
Al-Hogail also noted that the regulation was designed to strike a balance between protecting the state’s rights and maintaining development activity in the sector. He stressed that it does not hinder land development, but rather encourages owners to begin developing their land, thereby contributing to increasing the supply of real estate and improving the efficiency of land utilization within urban boundaries.
The ultimate objective of the regulation is to support the housing sector and enable citizens to own homes more easily by providing a greater variety and supply of housing options, contributing to the objectives of Saudi Vision 2030 to increase the homeownership rate among Saudi families, according to the minister.
He noted that these regulatory measures enhance the efficiency of the real estate market, safeguard rights, encourage land development, and accelerate sustainable urban development in a manner that serves the public interest and achieves balance in the Saudi real estate market.
Minister of Municipalities and Housing Majid Al-Hogail
Minister of Municipalities and Housing Majid Al-Hogail confirmed that the Cabinet’s approval to prohibit the documentation of any real estate transaction transferring ownership of land subject to the White Land and Vacant Properties Fees Law until the fees due on such land have been verified as paid is a strategic step aimed at safeguarding the state’s rights to collect due fees and enhancing transparency and governance in the real estate sector, thereby supporting its sustainable growth and development.
He explained that the regulation stipulates that no real estate transaction transferring ownership of land subject to the White Land and Vacant Properties Fees Law may be documented until payment of the fees due has been verified, ensuring that the state’s financial rights are collected in accordance with the applicable regulatory frameworks, SPA reported.
Al-Hogail also noted that the regulation was designed to strike a balance between protecting the state’s rights and maintaining development activity in the sector. He stressed that it does not hinder land development, but rather encourages owners to begin developing their land, thereby contributing to increasing the supply of real estate and improving the efficiency of land utilization within urban boundaries.
The ultimate objective of the regulation is to support the housing sector and enable citizens to own homes more easily by providing a greater variety and supply of housing options, contributing to the objectives of Saudi Vision 2030 to increase the homeownership rate among Saudi families, according to the minister.
He noted that these regulatory measures enhance the efficiency of the real estate market, safeguard rights, encourage land development, and accelerate sustainable urban development in a manner that serves the public interest and achieves balance in the Saudi real estate market.
