Saudi Arabia Advances Managed Urban Growth Strategy Through New Vacant Property Fees

Saudi Arabia has approved new executive regulations imposing annual fees on vacant residential and commercial properties, marking one of the Kingdom’s most significant recent interventions aimed at increasing housing supply, improving urban asset utilization, and stabilizing the rapidly evolving real estate market. The regulations, approved by the Ministry of Municipalities and Housing, form part of […] The post Saudi Arabia Advances Managed Urban Growth Strategy Through New Vacant Property Fees appeared first on The Middle East Observer.