Month: May 2019

42.63 thousand VAT exemption certificates issued for first home during the first third of 2019

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VAT Payment - Real Estate

Reading time: < 1 MinuteThe Ministry of Housing revealed that the total number of VAT exemption certificates issued since the launch of the program until the end of April 2019 amounted to 42.63 thousand tax exemption certificates. The number of certificates issued to the Ministry's beneficiaries amounted to 26.65 thousand certificates, while 7,466 certificates were issued to Real Estate Development Fund beneficiaries, and 8,514 certificates ... Read more

Ministry of Housing reveals 54,965 families benefiting from housing programs in 4 months

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Residential Program - Residential Properties - Land - Real Estate Finance

Reading time: 2 MinutesThe number of families benefiting from the Ministry of Housing programs during the first third of 2019 amounted to 54,965 families, of which 27,883 families obtained homes, while the beneficiary families in April amounted to 14,728 families, of which 7088 families obtained homes, and the ministry indicated in its report on its achievements in April that 18 schemes were added during the last month ... Read more

 Ministry of Finance releases draft executive regulations for the new Government Tenders and Procurement Law

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Government Procurement - Ministry of Finance - Real Estate Investment

Reading time: 2 MinutesOn Wednesday, Ramadan 10, 1440 A.H., corresponding to May 15, 2019, the Ministry of Finance released the draft executive regulations of the new Government Tenders and Procurement Law, with the aim of enabling specialists and interested parties in government agencies, the private sector and the public to review the content of the draft regulations and express their suggestions and comments on them by filling out the form dedicated to this, which includes the contact information of the owner of ... Read more

Minister of Housing thanks the leadership for approving granting the off-plan sales committee the authority to refer stalled projects to the notary public

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Accreditation of the Saudi Housing Guarantee Company

Reading time: 2 MinutesHis Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, extended his thanks and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his Crown Prince, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, for the Cabinet decision to grant the Wafi off-plan sales and leasing committee ... Read more

Ministry of Housing continues to deliver villas in 20 projects across 8 regions, including 6 projects in Riyadh

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Residential villas

Reading time: 3 MinutesThe Ministry of Housing revealed that it has delivered housing units in 6 projects in the Riyadh region, including Ramah, Thadeq, Zulfi, Shaqra, Uyayna and Aflaj, in addition to continuing delivery in projects in the Makkah region in Al-Qunfudhah and Al-Kharma, and the Ministry's projects in the Eastern Province in Al-Khobar, Al-Mubarraz, Al-Ahsa housing and Hafar Al-Batin housing, and 5 projects in Qassim region ... Read more

The Minister of Justice issues a decision allowing the registration of grant deeds in the name of the confirmed heirs without requesting agencies

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Ministry of Justice - Ministry of Justice - Real Estate - Lease - Emptying Real Estate - Real Estate - Commercial Cases - Real Estate

Reading time: 2 MinutesThe Minister of Justice, Dr. Walid Al-Samaani, issued a judicial decision allowing the registration of grant deeds in the name of the heirs proven in the deed of inventory of heirs, when one of the heirs is present at the notary without requesting agencies from the rest, this came in a circular of which Amlak newspaper received a copy. (The decision came after the ministry received inquiries regarding the registration of grant deeds, and the failure to attend all ... Read more

Governor of the General Real Estate Authority announces the release of the first draft of the Real Estate Brokerage Law and the Real Estate Contributions Law to solicit public feedback

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Real Estate Contributions - Sale of Real Estate

Reading time: 2 MinutesHis Excellency the Governor of the General Real Estate Authority (GRA), Mr. Essam bin Hamad Al Mubarak, announced that the Authority has launched the draft real estate brokerage system and the draft real estate contributions system, with the aim of informing the public about them and obtaining their feedback through the Authority's website and social media accounts. Mr. Al Mubarak explained that the launch of the two new draft systems comes in implementation of the ... Read more

Riyad Bank wins the Best Bank Award for supporting and financing SMEs

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Enterprise financing

Reading time: 2 MinutesRiyad Bank won the award for the best bank in supporting and financing small and medium enterprises and the best bank in supporting small and medium enterprises operating within the sectors and activities targeted by the Kingdom's Vision 2030, during the activities of the “SME Finance 2019" conference, which was held recently in Riyadh, in the presence of the Minister of Trade and Investment Dr. Majid Abdullah Al-Qasabi ... Read more

Prince Saud bin Talal appreciates the Cabinet's decision to transfer the real estate registration jurisdiction to the Public Authority for Real Estate

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Buying real estate

Reading time: 2 MinutesHis Royal Highness Prince Saud bin Talal bin Badr Al Saud, member of the Board of Directors of the Public Authority for Real Estate, praised the decision of the Council of Ministers to grant the Public Authority for Real Estate the authority to exercise the statutory powers entrusted to the Ministries of Justice and Municipal and Rural Affairs regarding the registration of real estate. Read more

The largest community landlord in the Kingdom by 2020 “Raza launches a new real estate platform in the Kingdom

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Real Estate Index - Riyadh City

Reading time: 2 MinutesRaza has revealed that it is currently working to complete a 4,600-unit development pipeline in Digital City and Jeddah Abhar, alongside its existing consolidated assets and residential portfolio in Diplomatic Quarter, as part of its operations in line with a new growth strategy that will see the company double its SAR 26 billion (USD 6.9 billion) portfolio in assets (under ... Read more

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