Reading time: 2 MinutesWalid Tawfiq, General Manager of Durrat Al Riyadh Real Estate Development Company, denied the rumors circulated by social media outlets and pages that the land deed of Durrat Al Riyadh project has been canceled, and linked the project's land to the ruling issued against the land of Asir Company. Read more
Reading time: < 1 MinuteDurrat Al Riyadh Real Estate Development Company announced that it is not true what has been circulating on social media sites and accounts that the deed of the Durrat Al Riyadh land project has been canceled, and that this is linked to the ruling issued against the land of Aseer Company. In a statement that Amlak Newspaper received a copy of it, the company noted that the land of the Durrat Al-Riyadh project is not the land concerned by the ruling; nor does it belong to Aseer Company. She emphasized ... Read more
Reading time: 2 MinutesThe Saudi Commission for Accredited Valuers revealed that a number of violators of the system and the profession of real estate valuation in violations that include working without a license, misleading, fraud or using the status of a real estate appraiser without obtaining membership were referred to the Public Prosecution after inspection tours in cooperation with the control committees in the Ministry of Commerce and Investment. The official spokesperson of the Saudi Commission for Certified Valuers, Saleh ... Read more
Reading time: 2 MinutesInnovative Real Estate Investment Company (Anugust Real Estate) signed a contract with SIMAH Rating Agency (TASNEEQ) to grant it a credit rating in order to evaluate the company's business, financial, administrative and operational status, and the work environment in which it operates, and His Excellency Counselor Mohammed bin Abdul Rab Al Rasul Al Kharas stated after the signing that this signing is a strategic relationship with the agency to serve the objectives of the company... Read more
Reading time: 3 MinutesThe Ministry of Housing's “Sakani” program revealed that 14,728 families registered in the lists of the Ministry of Housing and the Real Estate Development Fund benefited from the housing options and financing solutions provided by the program, including 7088 families who lived in their homes, bringing the total number of families who benefited from the various program options since the beginning of this year to 54,965 families in various regions of the Kingdom. (Loan ... Read more
Reading time: 2 MinutesThe Ministry of Justice and the Real Estate Development Fund have strengthened their partnership to exchange data and correspondence through an electronic link to replace paper transactions, with the aim of accelerating the pace of work, reflecting positively on the beneficiaries and saving them time and effort. (The Ministry of Justice, represented by the Ministry's Agency for Digital Transformation and Information Technology, signed a data exchange agreement with the Real Estate Development Fund to enhance ... Read more
Reading time: 2 MinutesThe Shura Council will discuss and vote on a number of real estate issues tomorrow, including the annual report of the Ministry of Housing, a recommendation for the preparation of a real estate development system, and the three recommendations of the Housing and Services Committee, where the first recommendation called for clarifying the number of products actually delivered to citizens within the “Residential” program and what has not been delivered and the reasons for not delivering residential units and villas, and warned ... Read more
Reading time: 2 MinutesThe Kingdom's Embassy in Turkey called on Saudi citizens who have issues with real estate owners or those wishing to invest in real estate in Turkey to first contact the Embassy in Ankara or the Consulate General in Istanbul, in order to know the legal procedures to be followed, and to know the credibility of companies working in the field of real estate, this came in an official statement issued by the Embassy following a number of complaints and inquiries that ... Read more
Reading time: 2 MinutesThe Cabinet decision issued by the Council of Ministers in the middle of last week to grant (the Committee for Sale and Leasing on the Map “Wafi”) the authority to refer the documents of stalled real estate projects to the notaries, has found great satisfaction from the real estate community, and the decision is an important step that will contribute to the stability of the housing sector, increase its reliability, and preserve the rights of buyers, investors in the sector and financiers. The decision is in line with the tasks ... Read more
Reading time: 3 MinutesThe Ministry of Housing through the “Sakani” program added 18 new residential plans through its electronic portal within the residential plans of the lands that the program continues to offer through the portal monthly, to allow the beneficiary to choose the appropriate residential plan for them, calling on beneficiaries wishing to choose the option of obtaining free residential land to visit the website of the site. 6 schemes in the Riyadh region and the program revealed in ... Read more
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