Amendments to idle land fees regulation unveiled

Logo of Idle Land

The Official Gazette published today, May 12, details of the amended idle land fees regulation, which was recently approved by the Saudi Cabinet.

The amendments included renaming the law to "The Idle Land & Vacant Properties Fees Law."

The amended law defines idle lands as any undeveloped land located within urban boundaries that is eligible for development.

Meanwhile, the vacant properties are defined as buildings located within urban boundaries that have remained unused for an extended period without acceptable justification, utlimately impacting the availability of adequate real estate supply.

As for the enforcement of the amended law, provisions related to idle land fees will come into effect from the date of enforcement of the relevant regulations, which shall be issued within 90 days of the amendments’ publication in the Official Gazette.

Meanwhile, provisions related to vacant property fees will be enforced from the date of the relevant regulations’ issuance, which shall be issued within one year of the publication of the amendments in the Official Gazette.