Month: March 2019

«Amlak» newspaper continues its field tours and reveals tenants' issues Most apartment tenants do not know the landlords' association and there is no regular maintenance

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Apartments

Reading time: 4 MinutesMany residential apartments face many issues that surround the citizen owner or tenant, due to the lack of a periodic maintenance program, or defects and defects in implementation, and appear over time, which prompted some official authorities to require landlords to establish special offices affiliated with residential apartments to ensure periodic maintenance programs and develop solutions to recurring issues in elevators, water and sewage tanks, ... Read more

Sponsored by Amlak Newspaper In conjunction with three specialized exhibitions Construction and Decoration Exhibition to showcase modern industry trends in Jeddah on March 18

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Construction, Decoration and Furniture Exhibition

Reading time: 2 MinutesThe 28th edition of the Saudi Building and Decoration Exhibition 2019 will be held from March 18 to 21 at the Jeddah Center for Forums and Events. The exhibition coincides with the launch of three exhibitions: the fourth Saudi International Exhibition for Furniture and Decoration, the second Saudi Exhibition for Heating and Ventilation, and the second Saudi Exhibition for Glass, Wood and Stone ... Read more

«Wafi»... Exceptional achievements and a safety valve for selling or renting off-plan

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Off-plan sales

Reading time: 3 MinutesThe off-plan sales program «Wafi» of the Ministry of Housing is one of the most prominent achievements of the real estate sector in the Kingdom, as it represents a safety valve in protecting the rights of all dealers in the field of selling or renting real estate on the map, and the program has contributed greatly to improving the practices of the real estate market in recent years, and also contributed to increasing the supply of real estate units, in a way ... Read more

Amlak Articles. Saudi Arabia's Upcoming Economy in 2019 By Ms. Manal Al-Asiri

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Saudi Arabia's economic growth

Reading time: 2 MinutesThe Saudi economy today has become the focus of attention of international economic institutions, entering a new era of reforms led by the Kingdom's Vision 2030, which is fully based on restructuring the economy away from the black treasure, through the Public Investment Fund and privatization, in order to achieve development in various fields, and we noticed during the past year the impact of the successful implementation of the vision's programs, and the pace of economic growth will really start ... Read more

During the Housing Finance Conference Fintech fosters data protection for real estate finance beneficiaries in Saudi Arabia

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Real estate finance

Reading time: 2 MinutesParticipants at the “Housing Finance in Saudi Arabia” conference held recently in Riyadh emphasized that the financial technology sector “Fintech” comes in line with the Kingdom's Vision 2030 to protect the data of the beneficiaries of real estate financing in the Kingdom, as well as work on the transfer of ownership and automation of government procedures to contribute to the development of the real estate market in the Kingdom and help develop the housing sector ... Read more

Ministry of Housing hands over land to a number of beneficiaries in Shroura governorate

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Residential land

Reading time: 2 MinutesThe Ministry of Housing continued to hand over beneficiaries registered in the Ministry's lists, where the Governor of Shroura, Ibrahim bin Atef Al-Shahri, yesterday, handed over a number of beneficiaries in the province their lands allocated to them within the residential program, in the presence of the Director General of the Ministry of Housing branch in the region, Engineer Mana Mohammed Al-Saqour. Read more

Development Housing Program signs agreement to build new housing units in 12 cities and governorates

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Housing units

Reading time: 2 MinutesIn the presence of the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, the Ministry of Housing's Developmental Housing Program signed an agreement with MCC to build new housing units in 12 cities and governorates in 4 regions representing part of the first phase of the developmental housing construction plan, which will be followed later by other projects to cover more areas through agreements in the final stages of announcement. ... Read more

CIRC5 recommends transforming the Real Estate Fund into a housing bank Calls for the establishment of specialized real estate colleges

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Real estate sector

Reading time: 3 MinutesThe Saudi International Real Estate Conference «SIRC 5» organized by the National Real Estate Committee of the Council of Saudi Chambers under the title «The role of the real estate sector in maximizing the GDP» recommended the necessity of transforming the Real Estate Fund into a housing bank and strengthening and raising real estate professionalism by forming and establishing specialized colleges in the real estate sector, and the conference held from 6 to 7 March 2019 under the auspices of ... Read more

Itqan Real Estate announces the sale of 70% of properties in Al Gharabi auction; Amlak monitors investor demand for trade fairs

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Sale of real estate

Reading time: 2 MinutesItqan Real Estate Company announced the sale of 70% of the properties it offered yesterday in the public auction it organized on Al-Rail Street, and the properties offered included commercial properties, exhibitions and land of various residential and investment uses, and the auction was characterized by immediate emptying and receiving the deed after the completion of the sale process, and “Itqan” explained in its tweet on its official Twitter account that the properties will be sold ... Read more

Shura calls on the Real Estate Fund to provide new initiatives for those over 50 who do not own a home

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Real Estate Financing

Reading time: 2 MinutesThe Shura Council discussed on Monday the draft commercial franchise system, and the Council's Economy and Energy Committee emphasized the importance of the project's contribution to the development and encouragement of commercial and investment activities in the Kingdom, especially small and medium enterprises, and the system aims to establish a legal framework that regulates the relationship between the franchisor and the franchisee while establishing the principle of freedom of contract, and laying the foundations for this relationship based on the principle of transparency, ... Read more

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