From booking to books in Riyadh
Riyadh sales run under the Real Estate General Authority (REGA), and brokers who market your units must hold a FAL licence. RealMake keeps the FAL number on each broker profile, so a commission cannot become payable to an unlicensed party. Off-plan projects fall under the Wafi programme, and their collections are tracked against the escrow account. VAT is 15% and is applied per unit type as your tax advisor sets it. Businesses in FATOORA wave 25, with VAT-subject revenue above SAR 187,500 in any year from 2022 to 2025, must integrate by 1 February 2027. The 5% Real Estate Transaction Tax on disposals is recorded on the sale file.