Saud Alquaifil, Deloitte’s Director for the Real Estate Advisory team in Saudi Arabia, said that the real estate market is going through a transitional phase to adapt to the new regulatory developments
The Kingdom’s real estate market is currently undergoing a phase of absorbing new regulatory and legislative changes, expecting that performance indicators will become clearer after the end of the first quarter of the current year, Deloitte’s Director for the Real Estate Advisory team in Saudi Arabia, Saud Alquaifil. 
In an interview with Argaam on the sidelines of the Future of Real Estate Forum, Alquaifil explained that the current period is witnessing the implementation of new regulations and controls, particularly in Riyadh, including the expansion of the scope of white land fees and an increase in their rates, in addition to the introduction of new areas subject to the fees.
He noted that these changes have affected supply and demand levels, as the market is going through a transitional phase to adapt to the new regulatory developments, pointing out that new legislations—such as non-Saudi ownership, white land fees, and balance platforms—reflect that the real estate market has reached an advanced stage of maturity.
He added that market regulation and price control are among the key requirements for preparing the investment environment for foreign capital, emphasizing that the Saudi market is currently in a qualification phase to attract foreign investments.
Saud Alquaifil, Deloitte’s Director for the Real Estate Advisory team in Saudi Arabia, said that the real estate market is going through a transitional phase to adapt to the new regulatory developments
The Kingdom’s real estate market is currently undergoing a phase of absorbing new regulatory and legislative changes, expecting that performance indicators will become clearer after the end of the first quarter of the current year, Deloitte’s Director for the Real Estate Advisory team in Saudi Arabia, Saud Alquaifil.
In an interview with Argaam on the sidelines of the Future of Real Estate Forum, Alquaifil explained that the current period is witnessing the implementation of new regulations and controls, particularly in Riyadh, including the expansion of the scope of white land fees and an increase in their rates, in addition to the introduction of new areas subject to the fees.
He noted that these changes have affected supply and demand levels, as the market is going through a transitional phase to adapt to the new regulatory developments, pointing out that new legislations—such as non-Saudi ownership, white land fees, and balance platforms—reflect that the real estate market has reached an advanced stage of maturity.
He added that market regulation and price control are among the key requirements for preparing the investment environment for foreign capital, emphasizing that the Saudi market is currently in a qualification phase to attract foreign investments.
