Running a property business in Jeddah
Jeddah property businesses work under REGA, which sets the rules for the sector, and brokers need a FAL licence before they advertise. Leases are registered on Ejar, and off-plan sales follow Wafi escrow rules. ZATCA collects VAT at 15% on taxable supplies, while property disposals carry the 5% Real Estate Transaction Tax. FATOORA phase 2 integration has reached wave 25, covering VAT-subject revenue above SAR 187,500 and carrying a deadline of 1 February 2027. RealMake keeps these details on each transaction, and invoices carry the Arabic fields ZATCA requires.