Month: June 2016

Estimating the value of “fee lands” is done by a committee formed by the Housing Ministry according to rules and procedures decided by the minister

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Reading time: < 1 Minute The Minister of Housing, Mr. Majid bin Abdullah Al-Haqeel, explained that the estimation of the fair value of the land subject to the application of the fees on white lands will be done according to one or more committees formed in the ministry, the number of members of which is not less than three, one of whom is from the Saudi Commission for Intentional Valuers “Taqeem”, and they must have sufficient experience to carry out real estate valuation work, indicating ... Read more

Implementation of the land tax system starts from Ramadan 10 in four phases gradually

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Reading time: < 1 MinuteThe Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, revealed that the application of white land fees according to the regulation approved by the Council of Ministers yesterday will start from tomorrow, Wednesday 10 Ramadan, indicating that the reporting of lands subject to the fees is done through the website dedicated to the system (lands.housing.sa), and stressed that the assessment of the value of the land subject to the application of the fee will be based on a number of criteria ... Read more

The Minister of Housing expresses his thanks and appreciation to the Custodian of the Two Holy Mosques

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Reading time: < 1 Minute The Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, expressed his thanks and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, His Royal Highness the Crown Prince and His Royal Highness the Deputy Crown Prince - may God protect them - for the Cabinet's approval, on Monday, of the executive regulations of the White Land Fees System, noting that this step will contribute to reducing monopolization and hoarding operations, in addition to ... Read more

Dubai Land Department launches advanced electronic system for surveying and registering real estate

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Reading time: < 1 MinuteDubai Land Department (DLD) has revealed that it intends to get rid of traditional paper-based procedures by launching a new electronic system that handles comprehensive property surveys as soon as they are completed, to be documented in a modern electronic format to facilitate quick and easy reference of data, in addition to strengthening the partnership with DLD-licensed surveying companies. A specialized team from DLD will ... Read more

Real estate fund: Accelerated loan includes fire and natural disaster insurance

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Reading time: < 1 Minute  The Real Estate Development Fund confirmed that the profit margin will be very competitive in the accelerated loan and that the Fund will pay it for the citizen during the repayment period of the bank loan, provided that the borrower, after completing the repayment of the principal of the loan to the bank, will repay the profits of the loan to the Fund in equal monthly installments over a period of 5 years, stressing that the value of the monthly installment that will be paid ... Read more

“Housing” gets 22% of the cost of initiatives Ajlan Al-Ajlan calls for directing real estate loans to land purchase and vertical expansion

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Reading time: 2 Minutes  In the National Transformation Program (NTP), the Ministry of Housing received a great deal of attention when 21 initiatives were approved at a total cost of more than (59) billion riyals, while the cost of all initiatives is (268) billion riyals. In other words, the share of the Ministry of Housing is more than 22% of the total costs for the government to implement the initiatives included in the National Transformation Program, which makes ... Read more

In partnership with Credit Bank The Institute of Entrepreneurship implements 2588 projects with more than 519 million riyals

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Reading time: < 1 Minute  During 2015, the National Entrepreneurship Institute implemented 1289 projects across the Kingdom with the support of the Saudi Credit and Savings Bank, which is a key partner of the Institute, implementing 2588 diverse projects worth more than 519 million riyals. The annual report of the National Entrepreneurship Institute for the fiscal year 2015 mentioned the highlights of the year and its achievements represented in holding ... Read more

Amlak Newspaper is a specialized media sponsor Cityscape Dubai 2016 kicks off in September amid $1.5 trillion worth of real estate projects

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Reading time: 2 MinutesWith specialized media sponsorship from Amlak Real Estate Newspaper, Dubai will host the 15th edition of the Cityscape Global Exhibition and Conference from 06 to 08 September, which represents a major platform to showcase the latest developments and projects in the world of real estate. Read more

As the countdown approaches ... Amlak publishes a panorama about the white land fee system

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Reading time: 3 Minutes  The real estate community is preparing to start implementing the White Land Fees Regulation, which the Ministry of Housing announced through the White Land System account that the White Land Fees will be implemented once the executive regulations are approved by the Council of Ministers, by announcing the first target cities. The Council of Ministers approved the recommendation of the Council of Ministers in March 2015 to ... Read more

Jazan Contractors Alliance to train 5,000 young Saudis in heavy construction

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Reading time: < 1 Minute  The Jazan Contractors Alliance for Training and Employment (JCATE) training centers, located in Darb, Abu Arish, and Huqo, managed by a board of directors led by Saudi Aramco and the Technical and Vocational Training Corporation (TVTC), with the participation of eight allied companies, plan to train 5,000 young Saudi graduates of high schools and technical and industrial colleges in the Jazan region with high-quality training on ... Read more

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