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@AbAmri The real estate agents, after exploiting the poor citizen, said, "Let's go to the foreigner and sell him." They didn't realize that the foreigner knows where to put his money; he comes from a place of plenty, unlike the citizen clinging to his ancestral land.

@AbAmri And if a foreigner owns property, you have no authority over him. Any decision he doesn't like, or any new one, he'll complain to international organizations. The point is, his interests will be above the interests of the nation, simply because he's a foreigner.

@AbAmri Now, most of the land that was previously given as a gift to influential people, or sold at low prices to land speculators, or seized by corrupt individuals who manipulated the market, burdened citizens with debt, and mortgaged their lives to banks. Now, the suffering is expected to double.

@AbAmri The stock market has been opened to foreigners 🔻🔻🔻 and now non-Saudis are allowed to own property 🤌🤌

@AbAmri x.com/aaaa101aaa202/status/207…

@AbAmri Every new decision puts more pressure on us housing seekers than the previous one, even if it is disguised as putting pressure on real estate traders, but we remind you of the Prophet’s saying: “You are only given victory through your weak ones.”

@AbAmri Every country in the world that allowed foreign ownership of real estate has stopped it due to inflation, and stopping it is the only solution. There is no other solution, and anyone who thinks there are other solutions will be disastrous. Real estate inflation will be insane, rents will rise, and construction is on the way.

@AbAmri The head of the authority clarified that in the event of any malfunction, the matter will be presented to the Crown Prince and guidance will be sought.

@AbAmri It won't happen, God willing, because ownership is only permitted in government projects like Qiddiya, Al Murabba, Diriyah, and Sidra... and not in residential neighborhoods or land grant schemes. ❌

@AbAmri The citizen and the country will lose the rental income from foreigners. Instead of paying annual rent, the foreigner buys property, rents it out, and transfers the rent to his country, instead of the rent remaining and playing its economic role in the country.

The solution The result after: Implementing a 10% annual tax on undeveloped land across all areas, cities, villages, and agricultural lands: The price per square meter, currently at ten thousand, will drop to just one riyal. 1. A massive urban development boom will occur, encompassing tourism, medicine, education, entertainment, industry, and agriculture, as landowners will develop their land to avoid the tax. This will lead to an increase in hotels, entertainment venues, universities, hospitals, gas stations, wedding halls, sports clubs, factories, farms, etc. 2. Businessmen will direct their funds towards profitable commerce instead of hoarding land and preying on young people in need of housing for themselves and their spouses. 3. Young people will be encouraged to engage in commerce because shop rents will plummet. 4. We will completely eliminate the housing crisis; the value of a villa will equal its current rental value. 5. Prices for services such as restaurants, clinics, laundries, workshops, wedding halls, etc., will decrease because they will proliferate as everyone develops their land, thus causing rents to collapse. The cost of services decreases. 6 The state will collect one trillion riyals annually from fees. 7 Land trading is the greatest crime because it causes immense harm, and the legal principle is "no harm, no foul." 8 Land trading is monopoly, and monopoly is not permissible according to Islamic law. 9 Umar (may God be pleased with him) took back lands that the Prophet (peace and blessings be upon him) had given them in Medina, but they were unable to develop them. He took them back, saying, "I gave them to you to develop, not to trade." 10 Beneficial trade is trade in developed land. 11 I wish fees would be imposed on undeveloped land, both small and large, in cities and villages, including residential, commercial, agricultural, industrial, and rest areas. Owners will be forced to develop it, pay fees, or sell it. Whoever buys it will develop it, and in this way, land prices will collapse. 12 To eliminate land trading: Impose fees on undeveloped land, both small and large, in cities, villages, and agricultural areas. Develop it, pay fees, or sell it. Which is better? Amending the vacant land tax to be as follows: 1 Imposing it on small and large plots, not just 5000 square meters and above. 2 In all cities and villages, not just Riyadh. 3 Including agricultural, industrial, rest house, and service-oriented land, not just residential. 4 Implementation is a single payment across the Kingdom, not phased. 5 Holding an auction for land that does not pay. 6 A 10% tax. Results: 1 We will experience an urban development boom and eliminate the housing crisis, with villas costing the same as current rents. 2 The state will collect one trillion riyals annually in taxes. 3 We will become a tourist destination because housing and service prices will plummet. 4 We will attract international companies to invest because housing and service costs will decrease. Many were angry with me when I suggested that the tax should be imposed on all vacant land, • small • large • in cities • and villages • residential • and commercial • Agricultural, industrial, and rest areas: either you develop, pay fees, sell, or they auction off your land, take the fees, and give you the rest. Someone might say, "Why force me to develop my land? I might not have the money." The answer: Don't be narrow-minded. If you have the money and decide to buy, you'll find the land is priced at one riyal, not per meter. You'll also benefit from the collapse of service prices: laundromats, barbershops, workshops, hotels, clinics, wedding halls, private schools, etc., because the land will be almost free, so everyone will develop and open. You'll buy a villa for the price of its current rent. #WhiteLandFees

@AbAmri @Fahad_mst Non-Saudi ownership of property has been permitted since 2000, and it wasn't limited to specific areas except Mecca and Medina. The 2023 decision granting premium residency to those who own property worth 4 million is proof of that.

@AbAmri I wish foreigners' property ownership was temporary, with licenses renewed every 10 years. Perhaps this would solve the problem of our lands being sold to Jews and Iranians, altering the region's demographics. But I wish their religion would be verified to determine if they qualify for temporary ownership. If not, the license will expire and they'll be fined.

@AbAmri @fma966 Foreign ownership will significantly increase demand, given the large shortage in supply.