Real Estate Development
In light of the profound national transformations led by the Kingdom, the real estate development sector is no longer just an investment activity but has become a vital component of the comprehensive development map. This pivotal stage requires specialized and in-depth legal frameworks to ensure the protection of rights and facilitate urban transition. From this standpoint, we offer a package of legal services specifically designed for the real estate development sector.
Legal Establishment for Developers and Real Estate Projects
- Establishing legal entities for real estate developers (companies, funds, alliances).
- Registering projects with "Wafi" and ensuring their compliance with the off-plan sales system.
- Obtaining licenses from the Ministry of Municipal Affairs, the General Real Estate Authority, and city development authorities.
Drafting and Reviewing Development Contracts
- Drafting land development contracts with government entities or original owners.
- Auditing construction contracts (FIDIC), technical supervision agreements, and engineering services.
- Preparing financing contracts for real estate projects, whether from commercial banks or government funds.
Real Estate Dispute Resolution and Judicial Representation
- Litigation in disputes related to construction, sales, delivery, eviction, or contract termination.
- Providing real estate arbitration and mediation services in line with the regulations of the Saudi Center for Commercial Arbitration.
Legal Due Diligence Studies
- Auditing properties or lands before purchase or development to uncover any legal impediments or ownership restrictions.
- Preparing regulatory due diligence reports for major or joint projects.
