Month: November 2019

Editor-in-Chief Abdulaziz Al-Essa writes: Real estate marketing is not a stroke of luck ... . !!!

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Reading time: 2 MinutesSome real estate development investments succeed while others fail—what is the reason? Here we return to the importance of marketing and market research, which begins with economic feasibility studies designed to significantly mitigate or reduce investment risks. Here, we will discuss in detail one of the most important characteristics in the four-market segmentation used by buyers: demographic, geographic, psychographic, and behavioral. (Real Estate Marketing) The future looks daunting… Read more

During public auctions ordered by the Execution Court. «Makkah Treasures Auctions offers three investment opportunities in Madinah

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real estate

Reading time: 2 MinutesKunooz Makkah Auctions has completed its preparations to offer a number of diverse investment opportunities in Madinah through three public auctions, pursuant to an order from the Madinah Enforcement Court. (Real Estate) The first auction includes a fuel station and industrial complex located 7 kilometers from the Haram, featuring six fuel pumps, a bank branch, car washes, and a tire repair shop… Read more

The General Authority of Real Estate answers Amlak newspaper's inquiries The classification of real estate brokerage establishments is optional. It will be mandatory after the issuance of the new system

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Real estate marketing

Reading time: 3 MinutesInterview: Editor-in-Chief: Since its establishment in the spring of 1438 AH, the General Real Estate Authority has made significant and commendable efforts to regulate, supervise, and develop the non-governmental real estate sector in order to enhance its efficiency and encourage investment in it, This has been achieved by enacting numerous laws and promoting various initiatives and projects across the real estate sector that foster economic development and reduce market distortions … Read more

Makkah Treasures Auction Company offers investment opportunities in Medina on Sunday, Monday and Tuesday

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Real estate auction

Reading time: 2 MinutesKanooz Makkah Auctions has completed its preparations to offer a number of diverse investment opportunities in Madinah through three public auctions, pursuant to an order from the Madinah Enforcement Court. (Real Estate Auction). The first auction includes a fuel station and an industrial complex located 7 kilometers from the Haram, featuring a number of gas stations, ATMs, car washes, and auto repair shops… Read more

ArabNet attracts more than 4,000 entrepreneurs and 2,000 officials on December 10

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Investment

Reading time: 2 MinutesWith the participation of more than 2,000 government officials, business executives, and decision-makers, the eighth edition of the “ArabNet Riyadh” forum will take place from December 10 to 11 at the Riyadh International Convention and Exhibition Center. (Investment) The forum will welcome more than 4,000 entrepreneurs, young people, and students participating in initiatives aimed at inspiring and educating attendees. … Read more

115.8K VAT exemption certificates issued for first home

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VAT Payment - Real Estate

Reading time: 2 MinutesThe number of certificates exempting first-time homebuyers from value-added tax (VAT) issued by the Ministry of Housing to beneficiaries since the initiative’s launch through the end of October 2019 reached approximately 115,800. These certificates exempt beneficiaries from the tax, according to a report by the Ministry’s “Sakani” program, which was recently released. The “Sakani” program explained in its report that 83,110 … Read more

The Real Estate Fund is accepting applications from beneficiaries of the housing renovation support initiative

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Real Estate Fund - Real Estate Finance

Reading time: 2 MinutesThe Real Estate Development Fund, its online portal, and the “Sakani” program have begun accepting applications from beneficiaries wishing to take advantage of the Home Renovation Support Initiative, which was launched in mid-October, Under this initiative, a portion of the principal loan amount—up to 100,000 riyals—is disbursed to a specific category of beneficiaries who have chosen to purchase a ready-to-move-in housing unit that is more than … Read more

Kafalah and BIAC sign agreement to fund tech startups

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Financing projects

Reading time: 3 MinutesThe «Kafala» program for financing small and medium-sized enterprises (SMEs), the business incubator and accelerator company «BYAC,» and the government-owned company «Taqnia,» which is owned by the Public Investment Fund, a cooperation agreement aimed at facilitating financing for incubated tech startups or those that have graduated from the «Bader» program for tech incubators and accelerators, which is managed and operated by «BYAC.» (Project Financing). The agreement aims to foster joint cooperation between the two parties … Read more

Through the Wathiq portal, the Ministry of Justice adds the service of inquiring about the details of real estate deeds electronically

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Notaries - Sale of Real Estate

Reading time: 2 MinutesThe Ministry of Justice has added a service for inquiring about real estate deed details to its digital transformation initiative, joining the service for inquiring about electronic power of attorney data, to make things easier for users and streamline their transactions. (Real Estate) Beneficiaries can verify the status of a real estate deed and inquire about its ownership, as well as verify the power of attorney, its status, and retrieve its detailed text and the powers granted therein, and that… Read more

Ministry of Housing exceeds 2019 target with more than 208,000 beneficiaries of financing solutions

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Real Estate - Residential Projects - Residential Scheme - Real Estate Finance - Residential Schemes

Reading time: 2 MinutesSaif Al-Suwailem, the official spokesperson for the Ministry of Housing, revealed that the Sakani program has, over the past few months, reached a record number, exceeding this year’s target of more than 200,000 families. Al-Suwailem confirmed that 208,000 families benefited from the housing and financing options and solutions offered by the program during the first ten months of this year, including 70 … Read more

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