Month: January 2018

Reading time: < 1 MinuteWell-informed sources told the newspaper «Amlak» that the Ministry of Housing, through the «Ijar» program, has set a fee of 2.5% of the contract value to be paid by the tenant to the real estate broker as a one-time payment, as well as an annual fee of 250 riyals paid by the property owner to the Ministry of Housing in exchange for services provided, if the property is residential, and 400 riyals if the unit is commercial. The sources noted that the contract format is either … Read more

Reading time: < 1 MinuteThe Ministry of Housing, through the “Ijar” program, has launched the “Real Estate Brokers” app,  which is designed to receive reports of violations by real estate brokerage firms. The app allows citizens and residents—whether tenants or landlords—to file reports and submit them to the monitoring and supervision team of the “Ejar” program. The program’s monitoring and supervision team receives all incoming reports, verifies their validity, and then conducts on-site visits to the location… Read more

Reading time: < 1 MinuteWith the participation of the Ministries of Municipal and Rural Affairs, Justice, Transportation, Environment, Water, and Agriculture, as well as the Saudi Authority for Accredited Appraisers, the Ministry of Finance organized the first workshop for the project to develop mechanisms for the expropriation of real estate for public benefit. The workshop, held at the National Center for Financial and Economic Information, aimed to engage with stakeholders involved in the system for the expropriation of real estate for public benefit and the temporary seizure of … Read more