Saudi Regulations
32 terms in this category
Absher
Saudi government portal providing electronic services for citizens and residents, includes data verification needed for Ejar transactions.
Balady Platform
Saudi electronic municipal services platform, providing building permits, completion certificates, and property-related services.
Building Permit
Official municipality license to construct or renovate building, mandatory before starting work, specifying allowed specifications and limits.
Commercial Real Estate
Properties designated for commercial activities like shops, offices, warehouses, and hotels, subject to different regulations and taxes than residential.
Commercial Register
Official document proving business registration, required for real estate offices and commercial tenants, issued by Ministry of Commerce.
Completion Certificate
Document issued by municipality after building completion per permit, prerequisite for ownership registration and use, proving compliance with specifications.
Development Fund Loan
Subsidized loan from Real Estate Development Fund for Saudi citizens to buy or build housing, with easy terms and long repayment period.
Ejar Broker
Ejar-authorized broker assisting in contract authentication and follow-up, receiving nominal fees for services.
Ejar Fees
Ejar platform service fees: 125 SAR for annual residential and 200 SAR for commercial, paid by lessor or real estate office.
Etemad Platform
Saudi platform for government procurement and competitions, including government contracts, rentals, and government real estate projects.
Fal License
Mandatory license from the Real Estate General Authority to practice brokerage and real estate services, costing SAR 300 per year for individuals, with fines up to SAR 200,000 for unlicensed activity.
Homeownership Program
Saudi initiative targeting raising citizen homeownership to 70% by 2030, including loans, financial subsidies, and land grants.
Iqama (Residency)
Residency document for foreign residents in Saudi Arabia, replacing national ID in transactions, required for Ejar contract authentication.
Land Use
Permitted purpose of land per urban planning, defining if it can be built residentially, commercially, or industrially.
Ministry of Housing
Saudi government entity responsible for regulating housing and real estate sector, overseeing Ejar, Sakani, and real estate development platforms.
Nafath
Saudi digital identity verification system, used for logging into government electronic services including Ejar.
National ID
Official identity document for Saudi citizen, required in contract authentication and all official transactions, with unique permanent number.
Notary Public
Public official authorized to authenticate contracts and real estate transactions, issuing title deeds and authenticating sales, mortgages, powers of attorney.
Property Management Service
Professional service managing properties on behalf of owner, including maintenance, collection, and tenant relations, for commission.
Real Estate Broker
An individual or company holding a Fal License from the Real Estate General Authority to mediate property transactions for a commission, legally required to display the license number on contracts and advertisements.
Real Estate Brokers Association
Professional body regulating real estate brokers in Saudi Arabia, setting standards, organizing training courses, protecting member rights.
Real Estate Development Fund
Saudi fund providing subsidized real estate loans to citizens, helping homeownership, established 1974 within housing plan.
Real Estate Finance Law
Saudi law regulating real estate financing operations, defining rights and duties of financiers and borrowers, protecting market and enhancing stability.
Real Estate General Authority (REGA)
Saudi authority regulating real estate sector and licensing brokers and developers, established 2017 to develop and monitor real estate market.
Rental Market Index
Periodic index showing average rental prices in Saudi cities, used to evaluate prices and investment in each region.
Sakani Program
Saudi housing program aiming to raise citizen homeownership to 70% by 2030, offering housing units and subsidized loans.
Tawthiq
Official authentication service for lease contracts through Ejar platform, making contract legally valid and providing legal protection.
Title Deed
Official document proving property ownership, issued by Notary Public, containing owner data, property boundaries, area, basis of real estate transactions.
Vision 2030
Comprehensive Saudi development plan targeting economic diversification, including important real estate goals like raising homeownership to 70%.
Wafi Program
Saudi off-plan sales program, requiring developers to meet strict standards protecting buyers, ensuring quality of real estate projects.
ZATCA
Saudi government entity responsible for collecting zakat, taxes, and customs, overseeing VAT and e-invoicing compliance.
Zoning
Regulating land uses in Saudi cities, defining residential, commercial, and industrial zones, basis for real estate investment decisions.
Other Categories
Contracts & Leasing
40 terms
Financial & Accounting
49 terms
Legal & Regulatory
39 terms
Property Types
40 terms
Valuation & Investment
36 terms
Property Management
39 terms
Tax & Zakat
25 terms
Construction & Development
40 terms
Real Estate Technology
25 terms
Real Estate Marketing
30 terms
Ownership & Rights
37 terms
Disputes & Resolution
28 terms
Real Estate Financing
34 terms
Auctions & Sales
20 terms