Are there any Land Registry fees payable on the purchase of a property?
A fee of approx. 1.500 € is required for the transfer of ownership of an apartment or land
In general:
There are various fees associated with real estate transactions in Saudi Arabia Municipal fee: levied by the local municipality, the amount varies depending on the municipality and the type of property, paid by the buyer. Real estate agent’s commission: A fee of 2.5% of the value of the property being sold is paid to the real estate agent Notary fee: The fee for notarization of the transfer documents varies depending on the notary’s office and is paid by the buyer. Title registration fee: This fee, paid by the buyer, is 1% of the sale value of the property or the approved valuation by the real estate department, whichever is higher. Taxes and fees on real estate transactions
Data
Real Estate Transaction Tax (RETT): this tax applies to real estate transfers and is 5% of the sale price of the property, paid by the buyer. Zakat: The Islamic wealth tax, Zakat, is set at 2.5% of the value of the property and is paid by the seller. Rental Income Tax: Non-resident owners of real estate are subject to a tax of 5% of the gross rental income, which is paid by the owner.
