Understanding Saudi Arabia’s New Real Estate Tax Law: Key Changes and Implications

October 29, 2024
On Tuesday, September 17, 2024 (14th of Rabi Al Awal 1446), the Cabinet of the Kingdom of Saudi Arabia issued Decree No. 239 of 1446, officially approving a new Real Estate Transactions Tax Law (“Law”). The Law was...

Temporary Real Estate Tax Exemption for Industrial Projects

October 22, 2022
In an endeavor to encourage the localization of the industry, the Cabinet issues new decree granting industrial projects in certain sectors a three-year exemption from the real estate tax imposed by virtue of the Re...

New Rules for Allocation of Industrial Land with Installed Utilities

October 16, 2022
In an effort to expand local manufacturing, the Egyptian Cabinet issued Decree No. 3308 of 2022 facilitating the allocation process and pricing mechanism of industrial land with installed Utilities (“Decree”). The D...

New Rules for Developing Off-plan Properties in Egypt

August 17, 2022
The Prime Minister has recently issued the Decree No. 2184 of 2022 (“Decree”) implementing new rules to govern real estate developers and the sale of off-plan properties. The Decree creates greater protections for b...