Month: November 2017

“Al Rajhi Real Estate Liquidation Board, in cooperation with Itqan Real Estate, will hold its fourth auction on November 18

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Real estate auction

Reading time: < 1 MinuteThe Sheikh Saleh Al-Rajhi Real Estate Liquidation Council, in collaboration with Itqan Real Estate—the exclusive marketer of the estate—plans to launch the remaining auctions for the estate, which represent a significant opportunity for investors and those seeking distinctive properties. “Itqan” revealed that the fourth auction will take place on November 18, 2017, and will feature a distinctive collection of residential and commercial complexes. This will be followed by an auction for the Riyadh Gallery complex and the adjacent land, and then … Read more

For the fifth consecutive year… “Al Khazami” tops the Saudi hospitality sector and wins 14 international awards

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Reading time: < 1 MinuteAl Khazama, a leading company in Saudi Arabia’s hospitality and property management sectors, 14 international awards at the ”World Travel Awards (WTA)” ceremony in Dubai and the “Haute Grandeur International Hotel Awards” ceremony in Bangkok. As some of the most prestigious international awards in this sector, this recognition attests to Al Khazama’s commitment—and that of the Kingdom’s tourism sector—to providing the best tourism and hospitality experiences and services… Read more

Demolition, reconstruction and certain real estate-related services are subject to VAT

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Reading time: < 1 MinuteThe Value-Added Tax (VAT) Implementing Regulations announced by the Zakat and Income Authority that certain real estate-related services are subject to the tax, including any construction, demolition, conversion, reconstruction, modification, expansion, repair, or maintenance of real estate. According to the regulations, real estate includes any defined area of land on which ownership, possession, or … rights may arise. Read more

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