Ministry of Municipalities and Housing issues implementing rules to boost housing availability
ℹ️ ბრაუზერის ხმოვანი წაკითხვა · AI სტუდიო ხმა მალე
Saudi Arabia's Ministry of Municipalities and Housing has approved the implementing regulations for vacant property fees. The move is part of government efforts to improve effective use of real estate assets and enhance housing availability.
The system aims to encourage property owners to rent or sell vacant properties and reduce land hoarding practices.