Month: September 2017

Amlak newspaper articles ... Dr. Hussam Youssef writes : Does failure make success?

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Management - Intelligence - Management Science - Real Estate

Reading time: 2 MinutesSuccess has a different taste and taste that is only felt by those who have tasted failure and tasted its bitterness, as success that comes easily is fleeting, all those who succeeded in life walked barefoot on the thorns of suffering, anxiety and thinking, and the winds of despair caught them and tossed them many times, and there are people in life if they had given in to the moments of failure that passed by them, humanity would not have been blessed with their innovations and inventions, ... Read more

Abdullatif Al-Arfaj elected president of Al-Ahsa Chamber and Al-Mousa and Al-Saleh elected vice presidents

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Reading time: < 1 MinuteThe Board of Directors of Al-Ahsa Chamber in its new tenth session (1438-1442 AH) elected Abdullatif bin Mohammed Abdullatif Al-Arfaj as Chairman of the Board of Directors for the next four years, Abdulaziz Saleh Al-Mousa and Luay bin Ali Al-Saleh were elected as Vice-Presidents, while Mohammed bin Abdulrahman Al-Afaleq was elected as the Chamber's representative in the Council of Saudi Chambers. This was followed by the opening of the ... Read more

Exempting real estate finance companies and their customers from the requirement of authenticated means of payment

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Residential Mortgage - Real Estate Finance

Reading time: < 1 MinuteThe Minister of Justice, Dr. Walid bin Mohammed Al-Samaani, issued a directive exempting real estate finance companies and their clients from the requirement to require installment buyers to bring certified means of payment, when wishing to transfer the ownership of the property from the company to the buyer after the end of the property installments. The directive comes after a number of real estate finance companies submitted summonses indicating that some writings ... Read more

The residential and commercial sector. 40 % The real estate market declined in August

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Jeddah Real Estate - Real Estate Index

Reading time: < 1 MinuteSaudi Arabia's real estate market data for the month of August showed a record annual decline in the total value of transactions, amounting to 40.2%, to reach 14.8 billion riyals (about 4 billion dollars). The decline included the residential and commercial sectors, where the residential sector decreased by 34.3%, stabilizing at 9.98 billion riyals (about 2.66 billion dollars), while the commercial sector decreased by 49.7% ... Read more

Zakat and Tax Authority exempts residential real estate and financial services from VAT

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Real Estate Index - Real Estate Transactions

Reading time: < 1 MinuteThe Zakat and Income Tax Authority revealed in its executive regulations regulating the value-added tax in Chapter 5, which is dedicated to exempt supplies, that residential properties intended for permanent residence are exempt from the tax, whether the property is supplied for the purpose of leasing or licensing. The regulation clarified in Article 29 that the exemption includes specific financial services such as housing loans and financing, credit cards, international passenger transportation, ... Read more

Dubai's Real Estate World Cityscape Global welcomes 280 specialized companies and pivots to change the face of the industry

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Reading time: 2 Minutes  More than 280 exhibitors have completed their preparations to receive their clients and present their investments at the Cityscape Global 2017 exhibition and conference, which kicks off next Monday in Dubai from September 11 to 13 at the Dubai World Trade Center, with more than 47,000 real estate industry professionals expected to visit, with the participation and sponsorship of ... Read more

Restatex Cityscape prepares to transform Riyadh into a global investment capital on September 27 under the patronage of the Minister of Housing    

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Reading time: < 1 MinuteWith the participation of major national and local companies, His Excellency Mr. Majid bin Abdullah Al-Haqeel, Minister of Housing, will sponsor the Restatex Cityscape Riyadh exhibition to be held from September 27 to 30 at the Riyadh International Convention and Exhibition Center. Mr. Hussein Al-Faraj, CEO of Ramtan Exhibitions and Conferences, which is co-organizing the exhibition, said that the event will contribute ... Read more

11365 apartment sales contracts in 6 years Real estate transaction numbers indicate a shift in the culture of Riyadh citizens to live in ready-made apartments

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Residential Land - Riyadh Future Projects - Real Estate

Reading time: 2 Minutes The indicators and figures that have emerged in recent years have confirmed the growing sales of ready-made apartments in Riyadh, where the sales of ready-made apartments in Riyadh have increased by more than 100% over the past six years, as the index recorded 2229 sales in 2015, which is a clear change in the housing culture of the residents of the capital, by accepting to reside in ... Read more

With 300 international engineers, Emaar Properties launches Skywalk as a new tourist destination in Downtown Dubai

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Reading time: < 1 MinuteWith the participation of a global team of 300 engineers and design and construction experts, Emaar Properties has unveiled a new tourist destination through the Skywalk project, the prominent viewing corridor in the Address Sky View project in Downtown Dubai, and the company said in a statement that the Skywalk offers an exceptional experience that provides views from a height of 200 meters, where ... Read more

UK brokerage firms unveil 30% real estate drop and attract GCC investors at Cityscape Global 2017

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Reading time: < 1 Minute  British companies have completed their preparations to participate in the Cityscape Global exhibition launched in Dubai on Monday, September 11 to Wednesday, September 13 at the Dubai World Trade Center, and this participation comes amid great interest from British real estate brokers to attract Gulf investments to the real estate market, after the negative impact of Brexit, which stimulated ... Read more

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