Month: December 2017

Amlak Newspaper Articles House of life ... episode ... Step by step ... ( 63 ) Prepared by Majid Almuhaimeed

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Reading time: 2 MinutesOnce the waterproofing and thermal insulation of all exterior surfaces exposed to the elements has been completed, the tiling process for these surfaces begins. Terrazzo tiles, commonly known as «traditional tiles,» are typically used and are available in several colors, however, white is the most popular and widely used color. If you wish to utilize the roof to create a green roof or an outdoor “breathing space,” it is advisable to ensure that … Read more

The General Authority for Zakat and Income Tax confirms the exemption of renting or licensing residential property from VAT

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Zakat & Income Tax - Zakat & Income Tax - Property Tax - Tax

Reading time: < 1 MinuteThe General Authority for Zakat and Income has reiterated that the leasing or licensing of residential property is exempt from value-added tax. The General Authority for Zakat and Income Tax also confirmed that the real estate sector as a whole is subject to a 5% value-added tax, This announcement came during a workshop organized by the General Authority for Zakat and Income at its headquarters in Riyadh on value-added tax for real estate companies operating in … Read more

Cityscape is supporting the exhibition NextMove concludes with 40 exhibitors and attracts businessmen in Cairo

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Reading time: < 1 MinuteWith the support of Cityscape Exhibitions, the «Next Move» exhibition kicked off last Thursday in Cairo, with the participation of more than 40 exhibitors from major real estate development companies. The exhibition, which is sponsored by Amlak Real Estate, ran from December 14 to 16. Key Exhibitors The exhibition serves as an ideal platform for real estate development companies to promote their latest projects … Read more

Al-Eqtisadiya TV hosts the editor-in-chief of Amlak newspaper Al-Issa: The real estate market is full of investment opportunities The real estate market is full of investment opportunities

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Reading time: 2 MinutesAbdulaziz Al-Issa, editor-in-chief of the real estate newspaper Amlak, revealed that rising housing prices—which have exceeded citizens’ purchasing power—and exorbitant construction costs have led some real estate developers to exit the market, leaving behind stalled projects, which have exacerbated distortions in the real estate sector. Al-Issa ruled out the entry of new developers into the market at this stage, attributing this to several factors that have collectively led to a reluctance… Read more

The Ministry of Housing concludes the 2017 Residential Program and pumps 36,798 new residential and financial products

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Reading time: < 1 MinuteThe Ministry of Housing has concluded the “Sakani” program for 2017, having delivered 36,798 housing and financing products in the eleventh batch, including 24,207 housing units through the off-plan sales program, 4,591 free plots of land in a number of governorates and districts, and 8,000 subsidized loans. In this context, Housing Minister Majed Al-Hogail affirmed that the Ministry has fulfilled its promise to allocate 280,000 … Read more

Under the patronage of His Excellency the Minister of Commerce and Investment, «Taqeem» celebrates the first cohort of accredited assessors

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Reading time: < 1 MinuteUnder the patronage of His Excellency Dr. Majid Al-Qasabi, Minister of Commerce and Investment, the Saudi Authority for Certified Valuers will organize the «First Professional Forum for Valuers» next Wednesday in Riyadh. a specialized forum bringing together the Authority’s members from various valuation sectors. The event will feature a series of working papers and panel discussions, and will cover the latest developments in the valuation profession. During the forum, … Read more

Amlak Newspaper Articles Dr. Hussam Youssef writes: Life's obstacles

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Management - Intelligence - Management Science - Real Estate

Reading time: < 1 MinuteOn our journey through life, we encounter immense obstacles and challenges; not only that, but they sometimes stand in our way and act as stumbling blocks to our success. Despite all the challenges we face and the enemies of success lying in wait for us—who take pleasure in our failure, or at the very least find psychological satisfaction in it—the primary enemy that haunts a person throughout their life is themselves, with their weak character, inferiority complex, low self-esteem, and helplessness… Read more

«Anan leads a real estate alliance with Al Tamimi to implement the largest residential project at a cost of 1300 million riyals

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Reading time: < 1 MinuteWith a total cost of 1.3 billion riyals, Anan Real Estate led a consortium with Al-Tamimi Company to build the «Dhafaf Al-Bahr Residential» project in Al-Khobar, adjacent to King Fahd Bridge and near the Arabian Gulf coast, with the aim of constructing 2,500 residential units and villas on a total area of 984,100 square meters. On this occasion, the General Manager of Anan Real Estate, Mr. … Read more

Amlak Newspaper Articles Mr. Abdulaziz Al-Issa writes: Initiatives to support... And the responsibilities of the authorities

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Abdulaziz Alissa - Kingdom Budget 2023

Reading time: 2 MinutesThe gracious royal decrees issued last Thursday by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz—may God protect him—brought joy to every citizen, as they targeted an important sector, namely the private sector, and aimed to enhance the competitiveness of various segments of the national economy, develop its products, improve the business and investment environment, and facilitate their implementation in the Kingdom, in line with the Kingdom’s ambitious and comprehensive Vision 2030. … Read more

Wafi announces the implementation of the rules for the sale and rental of real estate units on the map starting in 2018

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Reading time: < 1 MinuteThe “Wafi” off-plan sales and leasing program announced the completion of the approval and adoption of the operating rules for the sale and lease of off-plan real estate units, to be implemented starting in 2018, which include licensing rules for off-plan projects of various types, the rights of beneficiaries, and the obligations of real estate developers, in addition to the project registry and operating rules for the escrow account and inspection companies. The Secretary-General of the Sales Committee explained … Read more

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