Month: April 2020

Ejar program continues to operate remotely and registers 20,000 contracts in 15 days

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Apartments for rent - apartment rental platform - residential rental - real estate lease

Reading time: 2 MinutesThe “Ijar” program—one of the Ministry of Housing’s initiatives—announced that it continues to provide remote services to beneficiaries of its various solutions and options around the clock through its online platform; more than 20,000 contracts were registered during the second half of last March. (Real Estate Rentals). Regarding the details, the program announced that since the 15th… Read more

من بينها المقاولات والبناء والتشييد.. الإمارات تستثنى 16 قطاعاً للعمل بكامل طاقاتها البشرية

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Hotel Projects - Contracting - Apartments and Villas Prices

Reading time: 2 Minutesسمحت وزارة الموارد البشرية والتوطين بالإمارات لـ 16 قطاعا صناعيا وخدميا على مستوى منشآت القطاع الخاص بالعمل بكامل طاقاتها البشرية، مع ضرورة مراعاة توفير اشتراطات ووسائل الصحة والسلامة والوقاية للعاملين، وذلك بعد أن تم إلزام هذه القطاعات بتطبيق العمل عن بعد والدوام الجزئي كإجراء احترازي للحد من انتشار فيروس كورونا المستجد وتقليل نسبة حضور العاملين … Read more

19 thousand households benefited from subsidized loans 185,000 households benefited through digital platforms in March

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Accreditation of the Saudi Housing Guarantee Company

Reading time: < 1 MinuteHousing Minister Majid Al-Hogail announced that 19,000 families benefited from the subsidized loan, and 185,000 families were served through the ministry’s digital platforms last March. Al-Hogail explained in a tweet on his official account that redoubled efforts have resulted in the continued delivery of units under the Developmental Housing program, expressing his sincere thanks to his colleagues for their efforts. (Mortgage Financing) He stated … Read more

Social Insurance reveals the conditions for Saudi employees to be reimbursed 60% of their monthly wages

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The new social insurance system

Reading time: < 1 Minuteكشفت المؤسسة العامة للتأمينات الاجتماعية النقاب عن شروط التعويض المعلن عنها بالأمر الملكي الصادر أمس، بتحمل الحكومة لـ 60 % من رواتب موظفي القطاع الخاص السعوديين. وأوضحت التأمينات الاجتماعية في بيان لها، أن شروط التعويض تشمل: 1- أن يكون المشترك مشتركاً بفرع التأمين ضد التعطل عن العمل قبل 1 يناير 2020 ومستمراً في الاشتراك بهذا … Read more

Optimism is high for private sector companies after the state assumes 60% of Saudi employees' salaries

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Royal Orders - Private Sector - Labor Market

Reading time: 2 MinutesThe royal decree issued by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, stipulating that the state would cover 60% of the salaries of Saudi employees in the private sector who are enrolled in social insurance, which has generated widespread satisfaction and optimism that the local economy is overcoming the effects of the COVID-19 pandemic, with the total allocated funds amounting to nine billion riyals. Exemption from work stoppage … Read more

Dr. Suleiman Al-Tufail writes: The ten rules for teaching real estate brokerage from scratch

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Dr. Sulaiman Al-Tufail. Real Estate Brokerage - Investment

Reading time: 2 MinutesA real estate broker is an essential element and a key player in the execution of all types of real estate transactions. The broker acts as an intermediary between the two parties to a real estate transaction—the seller and the buyer—in exchange for a commission.  Here are ten rules that summarize the fundamentals of successfully starting a real estate brokerage business from scratch: Rule 1: Positive Traits—Possess positive traits and virtuous character, such as honesty, integrity, patience, generosity, forbearance, and a smile… Read more

The Ministry of Justice Officially Launches Its Online Auction Platform, Starting in Riyadh

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Online Auction

Reading time: < 1 Minuteأطلقت وزارة العدل منصة المزاد الإلكتروني للتيسير على المستفيدين في إطار خطة التحول الرقمي وتفعيل العمل عن بُعد. وتتيح منصة مزاد المزايدة إلكترونيًا على السلع المباعة في المزاد من خلال وسائل الدفع الإلكترونية. وحددت وزارة العدل 9 خطوات لتنظيم المزاد إلكترونياً؛ تتمثل في: 1- إسناد البيع من المحكمة. 2- إدخال تفاصيل المزاد والإعلان. 3- تسجيل … Read more

The Ministry of Housing announces the opening of the nomination process for the Housing Cooperation Council Award«

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

Reading time: 2 MinutesThe Ministry of Housing has revealed details regarding nominations for the «Gulf Cooperation Council Housing Award» for the Gulf Cooperation Council (GCC) countries, in its third edition titled “Planning and Design of Residential Neighborhoods”; which is being held in accordance with specific criteria and conditions, and stated that the deadline for submitting nomination files is the end of next June. (Housing Projects) The Ministry clarified in a statement that the award aims to … Read more

The Developer Services Center «Tamamal» received 64 electronic applications in March 2020

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Developer Services Center - Completion - Real Estate Development

Reading time: < 1 MinuteThe Real Estate Developers Services Center «Etmam,» affiliated with the Ministry of Housing, continued its operations throughout March 2020; receiving 64 requests for the services it provides to developers and engineering firms through its platform. This is part of the program’s continued provision of remote services in accordance with the preventive measures announced by the relevant authorities to limit the spread of the coronavirus, and in line with the center’s strategic objective of improving the performance of … Read more

SAMA requires contractors to insure hidden defects in buildings

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Retail Housing Finance

Reading time: < 1 Minuteقررت مؤسسة النقد العربي السعودي «ساما»، اعتماد الصيغة النموذجية لوثيقة التأمين الإلزامي على العيوب الخفية في المباني والإنشاءات، وذلك إنفاذًا لقرار مجلس الوزراء القاضي بإلزام المقاولين في مشاريع القطاع غير الحكومي تأمين العيوب الخفية التي تظهر في المباني والإنشاءات بعد استخدامها، ويأتي القرار باستمرار دور المؤسسة في تطوير صناعة التأمين في المملكة، ودعم نمو مساهمة … Read more

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