Real Estate

Amid the major economic transformation and huge projects, the Saudi real estate market is witnessing exceptional growth:

More than (SAR 6 trillion) in targeted real estate investments within Vision 2030.

More than (1.5 million) housing units under planning or implementation.

Unprecedented expansion in foreign ownership and the allocation of land and services.

• Adoption of modern regulatory frameworks (licensing, real estate registration, brokerage, joint ownership, real estate contributions, expropriation, allocation, mortgage, leasing, real estate development, real estate transactions tax, etc.).

Here, legal protection is not limited to litigation; it begins with the perfection of contracts and incorporation and the fortification of relationships.

Our services include the following

Establishment

• Establishing real estate entities (development, marketing, property management, etc.).
• Drafting partnership contracts.
• Regulating the relationship between the foreign investor and the Saudi entity.
• Statutory licenses for the real estate development or marketing activity.
• Reviewing real estate agency and marketing contracts.

Ownership and Investment

• Auditing ownership before purchase or contracting.
• Regulating foreign ownership in accordance with the controls of the General Real Estate Authority and the Investment Authority.
• Preparing sale, purchase, and lease contracts.
• Regulating financing contracts.
• Managing ownership risks.

Development and Contracting

• Preparing design, supervision, and contracting contracts according to the FIDIC model or the Saudi system.
• Drafting infrastructure contracts.
• Regulating the rights and obligations of the parties to the real estate project.
• Controlling rights between developers, suppliers, contractors, and financiers.
• Addressing cases of default in projects.

Property Management and Leasing

• Preparing lease contracts and electronic documentation forms (Ejar).
• Regulating the relationship between the landlord, the tenant, and the property management.
• Protecting properties from harmful use or internal leasing.