Running a property business in Madinah
In Madinah, as across the Kingdom, REGA oversees the property sector, brokers need a FAL licence, and leases are registered on Ejar. Off-plan projects follow the Wafi programme, with buyer payments held in escrow. ZATCA levies VAT at 15%, and FATOORA phase 2 wave 25 covers VAT-subject revenue above SAR 187,500 in any year from 2022 to 2025, with an integration deadline of 1 February 2027. RealMake prepares e-invoices with a QR code, cryptographic stamp and the Arabic fields ZATCA requires, and records the 5% Real Estate Transaction Tax on disposals.