Month: June 2019

SABB and Al Awwal Bank's completed merger reinforces the maturity and sophistication of the Saudi market

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Real Estate Financing

Reading time: 2 MinutesIn the presence of Saudi Arabian Monetary Agency (SAMA) Governor Dr. Ahmed Al-Khulaifi, SABB Chairman Lubna Olayan, and Tadawul's General Manager of Markets Mohammed Al-Rumaih, the completion of the merger of SABB with First Bank (Real Estate Finance) was officially celebrated. Lubna Olayan, Chairman of SABB, said: «This is a proud moment for the teams at SABB. Read more

An icon of multiple investment opportunities Taktalat Real Estate prepares to launch the latest industrial and logistics plans soon

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Riyadh real estate

Reading time: 2 MinutesIn light of the increasing recovery in the industrial field according to the Kingdom's Vision 2030 and the increasing demand for real estate spaces to meet the needs of the industrial market, Taklat Real Estate has taken all preparations as the latest industrial, logistics and warehouse plans in the capital, Riyadh, (Riyadh Real Estate), which is the latest industrial plan that provides multiple options for investors with attractive and distinctive specifications in an area ... Read more

Aimed at facilitating real estate transactions Ministry of Justice completes 13,600 electronic verification of real estate deeds

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Title Deed - Real Estate

Reading time: 2 MinutesThe e-verification service launched by the Ministry of Justice has saved time and effort for more than 13,600 people who have benefited from the service since its launch on the ministry's website three months ago, without the need to go to the notaries' offices. (Real Estate) The ministry explained that the number of electronic requests for real estate evacuation amounted to 3409 requests, compared to 8776 requests for updating ... Read more

Organizations have the right to correct return errors. «Zakat and Income» emphasizes tax returns and threatens fines for defaulters

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Value Added Tax

Reading time: 2 MinutesThe General Authority for Zakat and Income Tax (GAZT) has called on all VAT-registered establishments whose annual supplies of taxable goods and services exceed SAR 40 million to submit their tax returns for the month of May 2019 before the end of June through GAZT.GOV.SA.According to the executive regulations of VAT, establishments that exceed ... Read more

Editor-in-Chief Abdulaziz Al-Issa writes about: The Five Commandments to Stop Market Depression

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Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

Reading time: 2 MinutesIn a glimpse of the real estate market with the summer of 2019, we find that it is going through a difficult stage of transformation and recession that is unprecedented in the history of the Kingdom and for the first time faces many fronts and may take years to adapt to regulations, procedures, taxes, fees and requirements with weak incomes, low marriage rate, high costs and lack of demand with the departure of labor. With the collapse of the ... Read more

Amlak Real Estate Newspaper releases its new issue number 175

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Real estate news

Reading time: 2 MinutesEmlak Real Estate Newspaper issued issue 175, which contains a lot and new real estate news, various reports and articles, various real estate news and coverage of the residential program, and you will read the editor-in-chief's article on the five commandments to address the recession in the real estate market Links to selected real estate news from the news of issue 175: Mortgage Loan - Real Estate News - Real Estate Read more

Riyadh Chamber hosts introductory meeting “Ejar” program explains the benefits and advantages of the unified lease contract for the commercial real estate sector

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Real estate

Reading time: 3 MinutesThe Riyadh Chamber, represented by the Real Estate Committee, recently hosted the introductory meeting for the unified Ejar contract for the commercial real estate sector, with the participation of the “Ejar” program and the presence of a number of real estate brokers, concerned and interested in real estate affairs from investors, brokers and real estate owners, in which the Director of Strategic Performance in the Ejar Network, Abdulrahman Al Samari, gave a detailed explanation of the program and the unified Ejar contract for the commercial real estate sector. Benefits ... Read more

Real Estate Units Sorting Program completes the sorting of more than 24,000 real estate units in the first half of 2019

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Real estate unit

Reading time: 2 MinutesThe Ministry of Housing's “Sorting Real Estate Units” program set a record in the number of real estate units that were sorted in the first half of 2019, reaching more than 24,000 real estate units, an increase of more than double the number for the same period last year. The program indicated that most of the properties that were requested to be sorted were built for ... Read more

The 33-article system The Shura Council approves the draft law on the ownership and sorting of real estate units  

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Property

Reading time: 2 MinutesThe Saudi Shura Council's approval during its session last week of the draft system of ownership and sorting of real estate units came within the framework of ensuring that real estate partners share their common shares as well as ensuring the regulation of the relationship between the parties to real estate ownership, all of which comes to promote and regulate the real estate sector. The 33-article system aims to regulate the relationship of owners between them... Read more

Residential program announces more than 13 thousand beneficiaries of housing and financing options 

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Villas Financing Housing Projects - Real Estate Finance

Reading time: 2 MinutesThe Ministry of Housing's «Sakani» program announced the names of 13,230 families of those registered in the lists of the Ministry of Housing and the Real Estate Development Fund who benefited from housing options and financing solutions during the month of May, including 5835 families who lived in their homes, bringing the total number of families who have benefited since the beginning of this year to 68,195 families in various ... Read more

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