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Saudi Arabia's Minister of Municipalities and Housing, Majid Al-Hogail, affirmed that the Cabinet's latest approval to prohibit the documentation of land ownership transfers for properties subject to the White Land Fees Law until all outstanding fees are verified as paid is a strategic regulatory milestone. This decision is aimed at safeguarding public state revenues while promoting enhanced transparency, governance, and institutional oversight across the Kingdom's expanding property sector. Al-Hogail emphasized that the updated framework is carefully structured to balance state financial rights with active private-sector real estate development. Rather than stalling market activity, the measure is designed to incentivize landowners to initiate development on raw or unutilized urban land parcels. By driving development activity within major urban boundaries, the government seeks to curb speculative hoarding and release valuable real estate supply into the market. Ultimately, the initiative aligns with the strategic targets of Saudi Vision 2030 by increasing homeownership rates among Saudi families. Expanding housing choices and curbing structural supply shortages are expected to improve affordability and market efficiency over the long term, offering a more stable macroeconomic foundation for domestic real estate entities and institutional investors.
