Month: November 2017

Khalid Al-Saab: Value-Added Tax Will Revitalize the Residential Sector, Boost the Real Estate Market, and Contribute to Diversifying the State’s Sources of Revenue

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Reading time: < 1 MinuteLess than forty-five days remain before the recently issued Value-Added Tax (VAT) system takes effect, and the system’s implementing regulations have specified a number of real estate transactions covered by the system, such as demolition, construction, maintenance, and similar real estate activities, in addition to the goods and services provided upon which the sector is fundamentally based. In this regard, real estate expert Mr. Khalid bin Abdullah explained … Read more

Confirmation of what Amlak reported Real estate prices drop as the countdown to VAT implementation begins

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Reading time: 2 MinutesConfirming the exclusive report by *Amlak* regarding its experts’ predictions of a decline in real estate prices across all property types as the countdown begins for the implementation of the value-added tax (VAT), which will take effect in early January 2018, residential apartment prices in Riyadh fell by 4.1% during the third quarter of 2017 compared to the same period of the previous year, while villa sales prices declined … Read more

Anan Real Estate acquires properties in Malacca neighborhood worth 180 million and reveals the market's potential for more deals

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Reading time: < 1 MinuteAnan Real Estate has announced the completion of a real estate transaction worth 180 million riyals, through which it acquired two plots in the Solidere development in the Al-Malqa neighborhood. On this occasion, Mr. Bandar bin Mohammed Al-Dhaik reiterated Anan Real Estate’s commitment to concluding more real estate deals and investing in suitable opportunities, explaining that they have successfully completed the handover of the plots in the Solidere project that … Read more

Amlak Real Estate Newspaper Articles Abdulaziz Al-Issa writes: Fighting corruption And stimulating finance

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Reading time: 2 MinutesWith steady and coordinated steps, the Saudi economy is moving toward achieving its desired goals of advancing comprehensive development; This is evident from the data and figures released by state institutions and the major, vital projects announced recently, particularly the massive «NEOM» project, with a construction value of $500 million. Among the numerical indicators confirming the economy’s progress… Read more

Amlak receives a new batch of Saudi university trainees to prepare them for the labor market with training and skills acquisition

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Reading time: < 1 MinuteAs part of the community role played by the real estate newspaper Amlak, specifically through its Training and Development Department, the newspaper welcomed a new group of students from Imam Muhammad bin Saud Islamic University for training in various departments of the newspaper, through a joint collaboration with Saudi universities. The newspaper has prepared a practical, academic, and professional program for the trainees, which is implemented according to a specific schedule and includes lectures and workshops within … Read more

Re-engineering business facilitation procedures Establishing a specialized bank to support SMEs

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Reading time: 2 MinutesThe government is moving to establish a specialized bank to support small and medium-sized enterprises (SMEs). This initiative was announced by Dr. Majid Al-Qasabi, Minister of Commerce and Investment, along with other financing solutions the government is seeking to provide to support this vital sector. Supporting and stimulating enterprises, Al-Qasabi emphasized that the government, across all its sectors, is working to develop, support, and stimulate the small and medium-sized enterprise sector, given its significance… Read more

With the participation of Amlak Real Estate, the Dubai Airshow welcomes 1,200 aviation companies... and deals dominate the event

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Reading time: < 1 Minute With active participation from the newspaper “Amlak Al-Aqaria,” the 15th edition of the Dubai Airshow 2017 recently concluded, This edition attracted significant attention from companies specializing in the field, as well as businesspeople and investors, and was marked by the signing of numerous commercial and military contracts, amid widespread interest from countries participating with official delegations at the highest levels. Participating in this global event… Read more

In cooperation with Itqan Real Estate Saleh Al Rajhi's Estate Liquidation Board resumes its auctions this afternoon and reviews 12 strategic properties in Riyadh

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Reading time: < 1 MinuteThe Real Estate Liquidation Board for the estate of Sheikh Saleh bin Abdulaziz Al Rajhi, may God have mercy on him, in cooperation with Itqan Real Estate—the exclusive marketer of the estate—will resume the estate’s auction proceedings this Saturday afternoon. At 4:30 p.m. today in Riyadh, the InterContinental Hotel will welcome businesspeople and those interested in securing the best investment opportunities. The following properties will be offered at the auction: a complex … Read more

CNBC's Amlak Editor-in-Chief Alissa calls on Housing to transparently disclose the results of the payment of white land fees

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Reading time: < 1 Minute  Abdulaziz Al-Issa, editor-in-chief of the real estate newspaper Amlak, stressed the need for the Ministry of Housing to disclose details regarding the commitment of owners of undeveloped land who have received bills to pay their outstanding dues, In an interview with CNBC Arabia, Al-Issa called on the Ministry to exercise absolute transparency and clarify the matter to the public so that the initiative can be evaluated and studied in its early stages, particularly in … Read more

Dubai will host The Big 5 exhibition on November 26, featuring dedicated pavilions for the “Big Five in Solar Energy”

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Reading time: < 1 Minute  The World Trade Centre in Dubai is hosting The Big5 2017 from November 26 to 29, with the event featuring more than 80 CPD-accredited workshops, seminars, and conferences, featuring international experts who will share their practical experiences and review the latest developments in their respective fields. This year’s edition of … Read more

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