Riyadh city
Saudi Arabia’s Real Estate General Authority (REGA) detailed the property expropriation and temporary seizure system approved by the Cabinet this week.
Expropriation involves transferring ownership from the property holder to the project owner under the law, with compensation based on the market value plus a 20% allowance for damages. In certain cases, compensation may be provided in kind.
Riyadh city
Saudi Arabia’s Real Estate General Authority (REGA) detailed the property expropriation and temporary seizure system approved by the Cabinet this week.
Expropriation involves transferring ownership from the property holder to the project owner under the law, with compensation based on the market value plus a 20% allowance for damages. In certain cases, compensation may be provided in kind.
