Saudi Arabia announces new land tax zones in Riyadh to balance real estate market

To balance the real estate market, Saudi Arabia announces new land tax zones in Riyadh - PropertyNews.ae

In accordance with orders from Crown Prince Mohammed bin Salman, Saudi Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail announced the geographic zones for white land fees in Riyadh on Wednesday. This was a significant step toward controlling the real estate market and promoting balanced urban development. According to Al-Hogail, the new program phase supports the ministry’s objectives of expanding supply and attaining equilibr…

Saudi Arabia announces new land tax zones in Riyadh to balance real estate market

The new phase of the program enables landowners and developers to capitalize on opportunities while supporting the ministry’s goals: minister