Buy Your Dream Home for Less: Saudi Support of Up to SAR 50,000 for First-Time Homebuyers
Buying your first home is a major milestone, but the purchase price is not the only cost to consider. Taxes and other fees can also add to the overall cost of buying a property. To help ease this burden, Saudi Arabia offers the Real Estate Tax Incurred Service, which helps eligible citizens cover the real estate transaction tax when purchasing their first home. This support is part of the Kingdom’s efforts to make homeownership more accessible and reduce some of the costs that come with buying a first home. Under the initiative, eligible Saudi citizens can have the government cover the tax on part of their home’s purchase price, subject to certain conditions and limits. For many buyers, this can make a noticeable difference when completing the purchase. What Is the Real Estate Tax Incurred Service? The Real Estate Tax Incurred Service allows eligible Saudi citizens to obtain a certificate confirming that the government will cover the real estate transaction tax when they purchase their first home. The tax is covered on a property value of up to 1 million SAR, with the total support capped at 50,000 SAR. Since the real estate transaction tax is set at 5%, a home worth 1 million SAR would normally incur 50,000 SAR in tax. This is the maximum amount covered by the government under the initiative. If the property costs more than 1 million, the government covers the tax due on the amount included in the support, while the buyer pays the tax on the remaining amount. Who Can Benefit from the Real Estate Tax Incurred Service? The service is available to Saudi citizens buying their first home. It is not limited to one particular type of residential property, giving eligible buyers the flexibility to choose a home that suits their needs, whether they are looking for an apartment or a villa. Eligible property types include: Villas Apartments Residential units How Can You Apply for This Service? Applying for the service is straightforward and can be done online through the Sakani platform or app. Eligible buyers can complete the process from their phone by following these steps: Log in to the Sakani platform or app. Fill in the required information, including your email address and monthly income. Submit the application. Once approved, receive the First Home Real Estate Transaction Tax Certificate.
The General Real Estate Authority announces the start of real estate registry work in the Makkah Al-Mukarramah region
The General Authority for Real Estate has announced the commencement of real estate registration for 509 properties in seven districts of Makkah and Jeddah, starting Sunday, July 26, 2026 (corresponding to 12 Safar 1448 AH) and continuing until Thursday, October 29, 2026 (corresponding to 18 Jumada al-Ula 1448 AH). The Authority aims to register properties directly from the Real Estate Registry in the Makkah region, specifically in the following areas: (parts of Taybah, Uhud, Makkah, Safa, and Taybah districts). Registration will begin in the following districts of Jeddah: (parts of Rawdah and Industrial areas). The specific districts selected for registration will be announced according to defined criteria. Further announcements regarding the remaining regions, governorates, and districts across the Kingdom will be made in the coming periods. The registration process will be conducted in accordance with specific criteria. Because it is the "Real Estate Authority," the first registration of real estate in these areas and neighborhoods will be available through the electronic real estate registry platform or through the service center, because the real estate registration requires a title deed that meets the system's requirements to complete the registration process. The Authority called on property owners in exclusive areas and neighborhoods to register their properties using the title deed. The necessary requirements for initiating registration were outlined, including the requirement to register properties within the specified timeframe. Failure to register within this timeframe will subject owners to financial penalties. The Authority also provided information on the registration process through its official platforms or by contacting the customer service center at 199002. Starting from the specified registration date, a "property number" will be issued for each registered property unit. The registration deed includes ownership data, its description, status, and associated rights and obligations, along with accurate geospatial information. This system contributes to artificial intelligence and the sustainability of the real estate sector. The Real Estate Registration System aims to enhance real estate reliability and improve the sector's performance.