One of the most misunderstood concepts following the issuance of the regulations governing non-Saudi property ownership is the belief that the Kingdom has moved towards unrestricted ownership. However, a reading of the implementing regulations reveals a completely different message. The regulator did not speak of \"ownership in the Kingdom,\" but rather of \"ownership within specific geographical areas,\" as determined by the Council of Ministers. This means that the principle is not absolute ownership, but rather ownership within a real estate policy that takes into account the economic and developmental considerations of each region.<\/p>\n
This approach has an important regulatory significance; it gives the state flexibility to expand or narrow the scope of ownership according to development needs, away from the idea of \u200b\u200bgeneral availability that may have unbalanced effects on the real estate market.<\/p>\n
Another notable aspect is the introduction of a 2% fee on non-Saudis' disposal of real estate rights in Riyadh, Mecca, Medina, and Jeddah.<\/p>\n
This ratio should not be viewed merely as a financial burden, but as part of the regulatory system aimed at controlling real estate transactions and regulating the transfer of property rights in the most economically and urbanistically active and sensitive cities.<\/p>\n
The regulation did not merely regulate the right of ownership, but expanded the scope of regulation to include real rights on the property, reflecting a trend towards building an integrated legal framework that is not limited to the transfer of ownership only, but also regulates the various forms of use and disposal that may occur on the property.<\/p>\n
When these elements are put together, it becomes clear that the regulation was not issued merely to expand the scope of ownership, but rather to reorganize the real estate market according to more precise and transparent standards, starting with determining where ownership is permissible, passing through who is entitled to ownership, and ending with how the right is transferred and the fees associated with it. The most important message that the regulation carried is not opening the market without restrictions, but rather building a more organized real estate market, in which the geographical location, the legal status, and the nature of the real right are essential elements in any decision related to non-Saudis owning real estate.<\/p>","protected":false},"excerpt":{"rendered":"
\u0645\u0646 \u0623\u0643\u062b\u0631 \u0627\u0644\u0645\u0641\u0627\u0647\u064a\u0645 \u0627\u0644\u062a\u064a \u0623\u064f\u0633\u064a\u0621 \u0641\u0647\u0645\u0647\u0627 \u0628\u0639\u062f \u0635\u062f\u0648\u0631 \u0646\u0638\u0627\u0645 \u062a\u0645\u0644\u0643 \u063a\u064a\u0631 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u064a\u0646 \u0644\u0644\u0639\u0642\u0627\u0631\u060c \u0627\u0644\u0627\u0639\u062a\u0642\u0627\u062f \u0628\u0623\u0646 \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u062a\u062c\u0647\u062a \u0625\u0644\u0649 … <\/i>Read More<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187,188],"tags":[277,294,289],"class_list":["post-3085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-187","category-188","tag-277","tag-294","tag-289"],"_links":{"self":[{"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/posts\/3085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/comments?post=3085"}],"version-history":[{"count":1,"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/posts\/3085\/revisions"}],"predecessor-version":[{"id":3086,"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/posts\/3085\/revisions\/3086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/media\/245"}],"wp:attachment":[{"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/media?parent=3085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/categories?post=3085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jslawfirm.me\/en\/wp-json\/wp\/v2\/tags?post=3085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}