Month: November 2018

Reading time: 2 MinutesThe Saudi Ministries of Housing and Justice, in cooperation with a number of government agencies, have launched the “Ejar Electronic Network”, which provides many electronic services to the parties to the leasing process, in a move to regulate the real estate sector, especially the rental sector. The “Ejar” network mainly aims to document contracts and electronic payment, while requiring real estate brokers to document the standardized rental contract in the electronic network of rental services, which is ... Read more

Reading time: 2 MinutesThe Council of Ministers, after reviewing what was submitted by the Minister of Housing, and after reviewing the recommendation prepared by the Council of Economic Affairs and Development regarding real estate leases No. (5-8/40/D) dated 9/2/14 AH, decided the following: The Ministry of Housing shall coordinate with other government agencies to register real estate leases: - The Ministry of Housing should coordinate with other government agencies to register their real estate lease contracts ... Read more

Reading time: 2 MinutesThe Ministry of Housing renewed its confidence in the partnership with the private sector by signing several agreements to build housing units for the beneficiaries of the Residential Program. The Undersecretary of the Ministry of Housing for Real Estate Development, Mohammed Al-Ghazwani, confirmed that the ministry requires real estate developers to market about 30 % of products to accept their projects (villas - apartments - real estate) and said that the ministry has the right to withdraw projects in the event of failure ... Read more

Reading time: < 1 MinuteThe off-plan sale or lease program “Wafi” has obligated engineering offices with a number of tasks and requirements that guarantee the rights of the real estate developer and the buyer. These conditions include supervising and following up the project work in accordance with engineering specifications, regulatory requirements and engineering designs, and as stipulated in the contract with the beneficiary of Saudi real estate. These conditions include supervising and following up on the project works in accordance with the engineering specifications, statutory requirements and engineering designs, and in accordance with the stipulation of the contract with the beneficiary of ... Read more

Reading time: 2 MinutesThe General Authority for Real Estate revealed that it has started working on an initiative to build the capacity of the real estate sector by implementing a transformation plan for the Real Estate Institute and implementing its operational model as a research and accreditation center, and completing its programs to qualify and train Saudi youth, in professions related to the real estate industry. It explained that it is moving forward with the implementation of an initiative to develop the organization of real estate contributions and an initiative to build ... Read more