Month: March 2020

«Coronavirus is thwarting China's real estate deals abroad ... and inspectors are only available for a few days ... and the travel of »law firms« halted major projects

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Coronavirus and its impact on China's real estate economy

Reading time: 2 MinutesThe coronavirus has brought about major changes in the global real estate sales landscape, at a time when purchases by Chinese buyers have reached their highest levels in London’s residential real estate markets. Hampton International says that although the number of the most expensive homes in the British capital purchased by foreigners fell by 3% year-over-year in the second half of 2019, the share of Chinese buyers … Read more

Problems and maintenance of apartments «There is no life for those who call» Tenants to Amlak: The role of the landlords« association is missing and rental rates should be standardized

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Apartments. Apartment Problems

Reading time: 4 MinutesA large segment of apartment renters in residential complexes of various sizes faces numerous problems and obstacles that stand between them and the comfort a renter expects from a residential apartment, even though they pay nearly 30% of their income to landlords; Nevertheless, we find that services are inadequate and defects in the apartment are only discovered as the seasons change, time passes, or an emergency occurs. The newspaper «Amlak Al-Aqaria» has addressed many … Read more

New technologies make «smart homes» an attractive option in the near future, and NEOM is already in the design stages

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Smart Home Technologies

Reading time: 3 MinutesAs the pace of digital progress accelerates and lifestyles become more convenient, the concept of smart homes is gaining prominence among experts and innovators; they aim to take advantage of home technologies, which are believed to make life easier by allowing users to control home systems via their mobile phones, which means these apps will be competing for a place on the phones we’ll carry in the future, allowing us to manage all our possessions from… Read more

190,000 users of notary public services have completed 120,000 transactions electronically

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Ministry of Justice Real Estate

Reading time: < 1 MinuteThe Judicial Operations Center revealed that the total number of electronic transactions completed without the need to visit notary offices last month—which amounted to approximately 120,000— spared approximately 190,000 beneficiaries (all parties involved in power-of-attorney and notarization services) from having to appear in person, equivalent to about 9,047 beneficiaries per day whose presence was previously mandatory. (Real Estate) The Ministry noted that the digital transformation … Read more

Mr. Abdulaziz Al-Issa writes ... Real estate and corona

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Reading time: 2 MinutesThe swift intervention by the state—may God protect it—along with the tremendous efforts, swift decision-making, and precautionary measures, played a major and positive role in limiting the spread of the coronavirus and halting the economic losses and their future impact on society resulting from the outbreak and spread of this pandemic among citizens in various cities until it was brought under control. and no matter what the economic losses may be, health and safety will always be the greatest priority. The efforts… Read more

«Amlak» video causes a stir and draws attention Caves and caverns in residential plots Demands for soil testing before building permits

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Residential land with caves and caverns-1

Reading time: 2 MinutesA video posted by «Amlak Newspaper» on its Twitter account, featuring a plot of land in the Al-Narges neighborhood at the 7th kilometer, sparked significant and mixed reactions regarding the suitability of the plot for building a house. The video showed a resident’s shock as he attempted to begin the process of constructing and developing his land, only to discover caves, caverns, and tunnels emerging from the mountainous terrain and beneath the rubble. … Read more

Coronavirus fears weigh on demand factors locally and globally. and stock market declines

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Corona - Stock Market

Reading time: < 1 MinuteAl-Rajhi Financial Company stated in a report that concerns over the coronavirus have affected the performance of companies listed on the Saudi stock market, noting that these concerns would intensify if domestic demand factors—such as mortgage growth and related sectors—were to experience a temporary decline.  Al-Rajhi Financial noted that concerns over the coronavirus have caused increased volatility in the stock market and led to a decline to absorb the impact … Read more

More than 100 specialized exhibitors will participate in the Saudi Hotel Expo on March 31 in Jeddah

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Saudi Hotels Expo - Hotels in Saudi Arabia

Reading time: 2 MinutesWith the participation of more than 100 specialized exhibitors, The Hotel Show Saudi 2020 will kick off at the Jeddah Convention and Events Center from March 31 to April 2. (Saudi Hotels) The exhibition is significant as it serves as the premier platform for the Kingdom’s ever-growing hotel industry, bringing together all stakeholders involved in hotel investment… Read more

Under the slogan «Tourism: Where Industries Meet,» the Saudi Travel and Tourism Investment Forum 2020 kicks off on March 29

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Travel and Tourism Investment Fair

Reading time: 2 MinutesIn conjunction with the establishment of the Kingdom’s Ministry of Tourism and the growing interest in non-oil investments, the Riyadh International Convention and Exhibition Center will host the Saudi Travel and Tourism Investment Forum 2020, which will take place from March 29 to April 1 under the slogan «Tourism: A Meeting Point for Industries.» The forum highlights the Kingdom’s top tourism products, destinations, and investment opportunities, and works to … Read more

Minister of Housing Issues a Decision to Transfer the Duties and Functions of the Real Estate Registration Errors Committee to the General Real Estate Authority

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Royal Commission - Real Estate

Reading time: < 1 MinuteMajid Al-Hogail, Minister of Housing and Chairman of the Board of Directors of the General Real Estate Authority, issued a ministerial decree transferring the duties and responsibilities of the Real Estate Registration Errors Committee to the General Real Estate Authority, in a move intended to ensure independence and impartiality regarding the committee’s work, which is currently linked to the Ministries of Justice and Municipal and Rural Affairs. (Real Estate) The “Property” Committee is responsible for receiving objections submitted by beneficiaries … Read more

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