Month: June 2016

The Ministry of Justice Establishes a Unit to Update Legal Documents to Expedite the Approval of Housing Plans

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Reading time: < 1 Minute  As part of the ongoing coordination between the Ministries of Justice and Municipal and Rural Affairs, the Undersecretary of the Ministry of Justice for Notarization Affairs, Sheikh Osama Al-Zaid, issued a decision to establish a “Deed Update for Planning Purposes” in all first-level notary offices, which will be responsible for updating deeds for residential planning purposes, verifying the validity of the deeds, and sending the report electronically to the Ministry of Municipal and Rural Affairs to expedite the approval of housing plans through rapid … Read more

White plots in Riyadh: 77%; in Dammam: 60%; and in Jeddah: 55%

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Reading time: < 1 MinuteUndeveloped land accounts for a significant portion—77.1%—of Riyadh’s total area, and this land constitutes the city’s strategic urban reserve. The urban area of Riyadh has been defined as approximately 2,435 km², These statistics were reported in a recent analytical study on urban development and land use in the city of Riyadh using remote sensing technology. In the same vein, some data indicated … Read more

Land subject to the fee ... Amlak Real Estate Newspaper publishes the text of the executive regulations for white land fees sequentially  

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Reading time: < 1 MinuteChapter Two: Land subject to the fee Article Two: 1- The reference in determining the urban area and allocating land uses is the urban area determination maps and the detailed plans issued by the competent authorities in application thereof. 2- Amending or changing the urban area of any city entails changing the spatial scope of the application of the fee accordingly. Article Three: 1- A committee shall be formed in the Ministry by a decision of ... Read more

Important article... Useful tips to start investing in the real estate market Prepared by Manal Al Asiri

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Reading time: 3 MinutesReal estate investment is one of the commercial activities that specialize in investing money in order to achieve financial profit for the investor, and in recent years, the demand of many investors has increased on the real estate market because of the advantages that make it attractive, given that it is one of the least risky commercial activities in addition to the fact that the property is fixed and has a permanent character that makes it face the waves of inflation ... Read more

Land clearing can only be completed by handing over a certified check for the amount of the fee

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Reading time: < 1 MinuteIn line with the white land fees system, press sources reported that notaries received directives from higher authorities clarifying how to deal with the sale of land subject to the fees, where the notary judge must receive a certified check and hand over the deed of the sold land to the buyer, and the seller does not hand over the check until after confirming the payment of ... Read more

Electronic notification of white land starts today in Riyadh, Jeddah and Dammam

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Reading time: < 1 Minute  Today, the work of reporting lands located within the urban area of the three cities of Riyadh, Jeddah, and Dammam metropolis will start according to the first phase, which includes undeveloped (raw) lands for large areas of more than 10 thousand square meters and more, and the first phase of the application will be completed in Makkah and Madinah within six months. Reporting through the website so that ... Read more

A committee to estimate the value of the land. The Minister of Housing announces the start of the application of the white land system on Wednesday

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Reading time: < 1 MinuteHousing Minister Majid Al-Hogail reiterated that there is a specialized committee formed by the ministry from three members to estimate the value of land subject to the application of fees, and the estimate will be based on several criteria, most importantly the location of the land within the urban area, its uses, terrain and building regulations applied to it, in addition to the availability of public services and access to public utilities to it. In the same vein, Al-Hgeel announced that ... Read more

Saudi Arabia targets major international companies to invest in the retail and wholesale sector with 100 percent ownership %

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Reading time: < 1 MinuteThe Minister of Commerce and Investment and Chairman of the Board of Directors of the Saudi Arabian General Investment Authority (SAGIA), Dr. Majid Al-Qasabi, confirmed that SAGIA will provide all the necessary support and facilities required for foreign companies that will be licensed in the retail and wholesale trade sector to serve the desired goals of the decision issued the day before yesterday and in order to serve the Saudi economy. In this context, Al Qasabi emphasized that the decision of the Council of Ministers, which was issued to approve ... Read more

Amlak Real Estate Newspaper publishes the text of the definitions of the executive regulations for white land fees 

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Reading time: < 1 MinuteAmlak Real Estate Newspaper publishes the text of the definitions of the Executive Regulations for White Land Fees Chapter One Definitions Article One: For the purposes of this regulation, the following words and phrases shall have the meanings indicated in front of each of them, unless the context requires otherwise: Minister: Minister of Housing. Ministry: Ministry of Housing. System: White Land Fees Law. Regulation: The executive regulations of the system. Space land : Land ... Read more

Minister of Housing thanks success partners in preparing the regulation, geographical maps and technical linkage to the land registration website

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Reading time: < 1 Minute Mr. Majid bin Abdullah Al Haqeel, Minister of Housing, extended his thanks and appreciation to the success partners who contributed to the preparation of the regulation, namely: Ministry of Justice, Ministry of Finance, Ministry of Municipal and Rural Affairs, Ministry of Economy and Planning, and Ministry of Trade and Investment. His Excellency also thanked the entities that helped prepare the maps of the geographical systems, namely: The Ministry of Environment, Water and Agriculture, King Abdulaziz City for Science and Technology, and the Municipality of ... Read more

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