Under the slogan “Reinvent - Innovate - Renew”

Prince Mohammed bin Salman Patronizes Global Entrepreneurship Conference

Amlak-WAS

Under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, the World Entrepreneurship Conference will be held from March 27 to 30 at the King Abdulaziz International Convention Center in Riyadh, under the theme “Reinvent - Innovate - Renew.”

The conference includes more than 100 sessions in which more than 150 speakers will discuss topics that aim to help entrepreneurs expand their businesses around the world, provide them with the necessary skills to face crises and enhance the flexibility of doing business, and includes a large number of local and international entrepreneurs, in addition to a number of senior officials, decision makers, experts and investors.

World Entrepreneurship Conference will take place on March 27 and 30 at the King Abdulaziz International Convention Center in Riyadh, under the slogan "We Reinvent - Innovate - Renew".

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Amlak articles. Abdulaziz Al-Issa writes: The rental index ... The mirror of the real estate sector

To combat the randomness and confusion that surrounded the real estate environment, a complete strategy is needed to correct the conditions of the sector, and to reduce these distortions, a strong determination and insightful thinking is needed to put the medicine in the places of the disease, and with these concepts, the competent government agencies sought to harness the real estate experience to develop successful and sustainable solutions, taking advantage of technology to a large extent for a real estate environment as free of defects as possible.

<Last year, the Ministry of Justice launched the real estate exchange to make the value of transactions available on the Internet; those interested rely on it a lot in analyzing market trends, for an approximate picture of the value of real estate assets, and has economic statistical advantages in revealing the strength of the sector and its investments, and at the end of last February, the Ministry of Municipal, Rural Affairs and Housing launched the rental index and started its application in six cities (Riyadh, Jeddah, Mecca, Dammam, Khobar and Madinah), where the average rental prices will be set for each unit. Average rental prices for residential units will be set in the neighborhoods of these cities, in addition to setting an average metric price for commercial units for neighborhoods, which increases the transparency of prices and contracts concluded in the rental sector, making all real estate transactions (buying, selling and renting) in front of the final consumer (citizen or investor), and will certainly benefit from it in drawing an approximate picture of the rental value of the real estate eye, or will develop an acceptable concept for the property he wishes to rent according to the amount allocated for this purpose.

<Therefore, real estate professionals expect that the rental index will greatly affect the culture of the owner, lessor and broker, and the supply will be within the reach of demand; this is because technology has become an honest mirror that reflects the reality of the market, and puts everything in front of everyone, and shortened distances and folded the hands of the clock; and your office and your advisor have all become digital, from your mobile phone you can determine the correct step that you can implement effortlessly, and this certainly does not mean dispensing with advice from specialists and experts who will check a lot in the concluded contracts lest there be contracts whose owners wanted to be a virus and bait for others.

We hope that the ministry will intensify awareness for citizens and investors through seminars, workshops and courses on the importance of utilizing these indicators and how to deal with them so that the desired benefit can be achieved.

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16 thousand families have moved into their homes

637 thousand real estate transaction tax certificates issued for first home

Amlak- SPA

The report of the “Sakani” program issued in March revealed that 637,549 real estate transaction tax certificates were issued for the first home from the beginning of the program until the end of last February, and the report showed the growth in the number of Saudi families benefiting from the various housing and financing options and solutions that “Sakani” provides electronically to its beneficiaries through its website and application.

The report also showed the growth in the number of Saudi families benefiting from the various housing and financing options and solutions that “Sakani” provides electronically to its beneficiaries through its website and application. The report showed that 11,704 families benefited during the month of February, while the number of families who lived in their homes reached 16,020 families, benefiting from the subsidized mortgage loan option to buy ready and under construction housing units within "Sakani" projects, the option of self-building, and residential lands available within the “Sakani” website and application to facilitate ownership and raise its percentage to 70% by 2030 in accordance with the objectives of the housing program - one of the programs of the Kingdom's Vision 2030.

The report showed the growth of the number of Saudi families benefiting from the various housing and financing options and solutions provided by “Sakani” electronically to its beneficiaries through its website and application.

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Developer Services Center approves 8.8 million square meters

Amlak- Follow-ups

The Real Estate Developers Services Center (I'tamamam) has approved 8.8 million m2 within the Rose City plan in cooperation with the Taif Governorate Municipality, after the initial and final approval of the plan to allow the sale of land on the map before its development, and the final approval was handed over in a ceremony attended by the Deputy Secretary of Taif Governorate for Development and Reconstruction, Engineer Majid Hussein Al-Humaidi, and Assistant Director General of the Developers Services Center for Operations, Engineer Tamer Ghazi Mukhtar.

The handing over of the accreditation comes as part of the strategic role of the "Completion" center to improve the performance of the real estate sector and provide integrated solutions to real estate developers to contribute to enhancing the residential real estate supply in order to achieve the objectives of the housing program.