Month: September 2019

The Competition Authority reveals the criteria and requirements for classifying a dominant enterprise in the market

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Real estate development

Reading time: 3 MinutesThe General Authority for Competition revealed that the executive regulations of the new competition law set two criteria for classifying an establishment as dominant in the market, namely if its market share reaches 40 percent, and that it has the ability to influence the relevant market. This was explained by Abdulaziz Al Obaid, Director of the Legal Affairs Department at the Authority, while speaking at a meeting of the Jeddah Chamber, on the occasion of organizing a series of ... Read more

Tempting to capitalize on the Saudi construction market INDEX Saudi Arabia to host more than 200 exhibitors in Riyadh

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real estate

Reading time: 2 MinutesWith the participation of more than 200 exhibitors, Riyadh is currently hosting INDEX Saudi Arabia, the largest interior fittings market in the Middle East, from 28 to 30 September at the International Exhibition and Convention Center, 6000 square meters have been allocated for the exhibition pavilions, which are expected to receive more than 5,000 visitors and experts specialized in ... Read more

To help increase the rate of home ownership More than 80,000 VAT exemption certificates for the first home issued by «Sakani»

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VAT Payment - Real Estate

Reading time: 3 MinutesThe Ministry of Housing's «Residential Program» succeeded in issuing about 81,364 VAT exemption certificates for the first home since the launch of the initiative to bear VAT until the end of August 2019, including about 53,228 families of Ministry of Housing beneficiaries, 16,738 certificates for beneficiaries outside the Ministry and Real Estate Development Fund lists, and about 11,398 exemption certificates ... Read more

Amlak surveyed at Cityscape Global in Dubai Regional Secretariat Officials Reveal Ambitious Real Estate Investments

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Investment opportunities

Reading time: 3 MinutesA number of officials from the Makkah, Riyadh, Sharqiya and Jeddah secretariats revealed ambitious real estate investment plans put forward by their secretariats that will benefit the country, the citizen and the investor. This came during a survey conducted by Amlak newspaper at the «Opportunities» pavilion at the Cityscape International exhibition held last week in Dubai, which witnessed various investment opportunities, with the participation of investors and real estate ... Read more

National Day (89th). Saudi Arabia's National Day celebrations spread across all regions under the slogan «Hammamah to the Top»

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real estate

Reading time: 4 MinutesPopular and official celebrations spread throughout the Kingdom to celebrate the 89th anniversary of National Day, which extended from September 19 to 23. The Entertainment Authority organized many events ranging from fireworks, concerts, festivals and international shows specially designed for this precious occasion, in addition to youth gatherings to reflect the experiences of Saudi Arabia. To capitalize on this occasion to ... Read more

In the presence of a large number of businessmen... Itqan Real Estate successfully concludes the auction of the Al Multaqa land plan in Jeddah

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Real estate marketing

Reading time: 2 MinutesOn Wednesday, September 25, Itqan Real Estate, one of the largest auction marketing and organization companies, completed the public auction for the sale of the Al Multaqa land plan owned by Jeddah Development and Urban Development Company, with complete success amid a large and distinguished presence of businessmen and investors, where the price per square meter for commercial pieces reached SAR 3900, while the residential price reached SAR 2500, and Itqan announced ... Read more

76 billion riyals of foreign financial flows Euromoney Saudi Arabia 2019 concludes with the participation of 2000 experts and specialists

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Real estate investment

Reading time: 4 MinutesIn the presence of more than 2,000 participants and a wide range of leading experts, personalities and decision makers in the financial and investment sectors, the «Euromoney Saudi Arabia 2019» conference and the accompanying exhibition, organized by Euromoney International in partnership with the Ministry of Finance, concluded recently at the Four Seasons Hotel in Riyadh, in the presence of a number of Their Excellencies ministers and heads of financial system sectors, and a number of officials ... Read more

Abdulmohsen Al-Qasim writes: How an employee can own a house in Riyadh without a mortgage

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Real estate prices

Reading time: 2 MinutesOfficial statistics from the General Authority for Statistics for 2018 indicate that the average salary of Saudis in the public and private sectors is 10740 SAR per month, and in this article I will measure the average salary from 7,000 to 9,000 SAR per month, so that we can reach the largest category of employees. (Real estate prices) And a quick look at the real estate market in some ... Read more

Editor-in-Chief Abdulaziz Al-Essa writes: Developers and the 60-day exam

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Reading time: 2 MinutesThe Supreme Decree to approve private residential plans within 60 days has begun to take effect after it received a lot of study and scrutiny. The decision was welcomed by decision makers in the real estate sector, landowners and investors, as it represents a qualitative leap in unifying the channels of government procedures that were draining a lot of time and effort ... Read more

Amlak Real Estate Newspaper... Local and international projects at Cityscape Global, and the Kingdom showcases its investment opportunities

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Real estate projects

Reading time: 3 MinutesSaudi Arabia, represented by the Ministry of Municipal and Rural Affairs, the General Investment Authority and the Ministry of Housing through the off-plan sale or lease program, kicked off last Wednesday morning, September 25, at the Cityscape Global Exhibition in Dubai, which concluded on the evening of Friday 27 of the same month, and witnessed a large and qualitative representation of major UAE companies ... Read more

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