98 Days
Source:
عين ليبيا
Saudi Arabia tightens foreign property rules
Saudi Arabia has announced a new regulatory package to facilitate non-Saudis' ownership of real estate. This includes imposing a 2% fee on property transactions in major cities such as Riyadh and Mecca, as well as implementing oversight measures on bank accounts and foreign investors. These steps aim to enhance transparency, regulate the real estate market, and protect the interests of the local market, while introducing a comprehensive digital system for ownership and property transactions.
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