The Ministry of Municipalities and Housing, through the ‘Istitlaa” platform, invited the public to express their views on the executive regulations of the idle land fees law, no later than July 25, 2025.
This comes with the aim to raise the efficiency of fees on idle lands to spur the real estate market, increase the supply of developed lands and real estate units, achieve a balance between supply and demand, protect fair competition, and combat monopolistic practices, said the ministry.
According to the regulation, one or more assessment committees shall be formed in the ministry with at least three members, including licensed assessors from the Saudi Authority for Accredited Valuers, to assess the value of the land subject to the fee.
The Ministry of Municipalities and Housing, through the ‘Istitlaa” platform, invited the public to express their views on the executive regulations of the idle land fees law, no later than July 25, 2025.
This comes with the aim to raise the efficiency of fees on idle lands to spur the real estate market, increase the supply of developed lands and real estate units, achieve a balance between supply and demand, protect fair competition, and combat monopolistic practices, said the ministry.
According to the regulation, one or more assessment committees shall be formed in the ministry with at least three members, including licensed assessors from the Saudi Authority for Accredited Valuers, to assess the value of the land subject to the fee.
