Month: January 2018

Ministry of Justice courts document 1,925 mortgaged properties due to debts

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Ministry of Justice Execution Law

Reading time: < 1 MinuteIn the first quarter of the current Hijri year, the Ministry of Justice was able to document about 1925 mortgaged properties due to debts, an increase of about 7% compared to the same period last year, where the mortgages of villas and buildings for Saudi banks accounted for about 55% of the total mortgaged properties. Notaries in the Riyadh region documented about 643 mortgaged properties, taking the share ... Read more

Municipalities inventory more than a thousand buildings and archaeological sites in cooperation with the Tourism Authority“

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Reading time: 2 MinutesIn cooperation with the Saudi Commission for Tourism and National Heritage (SCTH), secretariats and municipalities in all regions of the Kingdom are preparing to implement a project to inventory more than a thousand buildings and sites in various regions, as part of the Urban Heritage Buildings and Sites Inventory Project, where a national information base has been established for these sites in the Kingdom to enable researchers, investors and interested parties to access the required information and documents ... Read more

Al Ahli REIT starts trading 41.250 million units on Monday

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Trading

Reading time: < 1 MinuteAl Ahli Capital, a leading provider of investment and wealth management services and the Kingdom's largest asset manager, announced that the units of Al Ahli REIT (1) will be listed and traded on Tadawul as of today (Monday) within the Real Estate Exchange Traded Funds (REITs) sector. Al Ahli Capital had earlier announced the closing of the initial offering of Al Ahli REIT (1) after successfully ... Read more

Saudi courts finalize 2504 endowment cases during the first quarter of the current Hijri year

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Residential Real Estate - Request Inquiry - Ministry of Justice

Reading time: < 1 MinuteSaudi courts finalized about 2504 endowment cases during the first quarter of the current Hijri year, with a daily average of 28 cases, an increase of 10% compared to the same period of the last Hijri year. According to judicial statistics, suspended lands accounted for about 28% of the total cases. Riyadh courts accounted for about 29% ... Read more

Ministry of Justice provides 1509 locations across the Kingdom for the notary program“

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Ministry of Justice

Reading time: < 1 MinuteThe Ministry of Justice revealed that the “Authenticator” service will provide 1509 locations across the Kingdom to provide notarial services, including 398 locations for notaries who started their duties by receiving applicants for notarial services, as 352 notaries were listed in the electronic portal “Tawtheeq” after granting them licenses. The ministry said that the service is one of the ministry's initiatives in the National Transformation Program 2020, and aims ... Read more

400 residential and commercial plots in Jawaher Taiba plans to be auctioned in Dammam on Tuesday.

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Reading time: < 1 MinuteAbdulrahman Development and Real Estate Development Company and Al Wabel Real Estate Company announced that 400 plots of land will be auctioned tomorrow, Tuesday, in the Jawaher Taiba plans located at the intersection of Abu Hadriyah Road and the Riyadh Ring Road. On this occasion, Hassan Al-Qahtani, Chairman of the Board of Directors of Al Abdulrahman Group for Development and Real Estate Development, said: The plans include about 400 plots ... Read more

SMEs launch “Government Fee Refund” portal as part of support and capital raising initiatives

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Reading time: < 1 MinuteOn January 1, the General Authority for Small and Medium Enterprises (Monshaat) launched the electronic portal for the “Fee Recovery” initiative “smerefund.sa”, which aims to reduce the financial burdens on SMEs in the early years of their establishment, to facilitate the start of their business and enhance their chances of continuity and growth, reflecting on the increase in their contribution ... Read more

Amlak Newspaper monitors the most important real estate inquiries about VAT

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Reading time: 3 MinutesThe Riyadh Chamber of Commerce organized a meeting with the Zakat and Income Tax Authority last Wednesday with real estate and businessmen to introduce the mechanism for calculating the value-added tax for the real estate sector, where Mr. Hamoud Al-Harbi, Director of the Operations Department in VAT at the Zakat Authority, explained the controls of its application in the interactive presentation he gave to examples of examples, explaining how to register in the portal ... Read more

Riyad Bank provides foreign currency ATMs at Riyadh and Dammam airports

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Riyad Bank - Off-plan Selling - Real Estate Finance

Reading time: < 1 MinuteRiyad Bank announced the availability of foreign currency ATMs (Riyad Currency ATMs) in the international departure lounges at King Khalid Airport in Riyadh and King Fahd Airport in Dammam, as part of the bank's continuous endeavor to provide distinctive banking services to its customers around the clock with flexibility and convenience. For her part, Shurouq Al Hedayan, Senior Vice President and Director of Digital Banking, said... Read more

Budgets reflect expansionary spending and incentivize the private sector by targeting all sectors

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Residential Land - Riyadh Future Projects - Real Estate

Reading time: 2 MinutesRecent real estate reports showed that real estate markets in the region faced many challenges in 2017, which came as a result of the pressures faced by public budgets and the level of economic efficiency within the perspective of risk and liquidity, which had a direct impact on the good investment opportunities provided by the total mobility. Real estate is in a stable situation and the weekly real estate report ... Read more

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