Month: May 2020

Ministry of Municipal and Rural Affairs specifies activities excluded from the total ban during the Eid Al Fitr holiday

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Identify excluded municipal activities

Reading time: 2 MinutesThe Ministry of Municipal and Rural Affairs issued a decision specifying the list of municipal activities permitted to operate during the total lockdown, which will be in effect during the Eid al-Fitr holiday from the 30th of Ramadan through the 4th of Shawwal 1441 AH; This is part of the measures taken by official authorities to limit the spread of the coronavirus. The exempted activities permitted to operate 24 … Read more

Real Estate Developer Mohammed Al-Khars: Raising the tax to 15% will boost demand for ready-to-move-in residential units

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Mohammed Al-Khars - Residential Units

Reading time: 2 MinutesFollowing the announcement that the tax rate would increase from 5 to 15% in accordance with recent decisions, developers and real estate professionals specializing in the residential sector predicted that these decisions would reduce demand for the self-build program offered by the Ministry of Housing, while simultaneously boosting demand for ready-to-move-in units and off-plan units, particularly residential units priced below … Read more

The Developmental Housing Authority Launches an Initiative to Encourage Landlords to Waive Rent in Full or in Part

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Development Housing -

Reading time: 2 MinutesThe Developmental Housing Foundation “Sakan” has launched a volunteer initiative under the slogan “One Community” in partnership with the Council of Civil Society Organizations and the Ihtawa Volunteer Foundation through its digital platform.This initiative, which is one of the six objectives of the Developmental Housing Foundation “Sakan,” aims to support tenants who are beneficiaries of these associations and whose monthly income has been affected by the COVID-19 pandemic, by encouraging and motivating property owners to waive rent in a… Read more

Amlak Real Estate Newspaper Congratulates the Crown Prince on the Third Anniversary of the Precious Royal Trust

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Congratulatory Message from the Crown Prince on the Third Anniversary of the Allegiance Ceremony

Reading time: < 1 MinuteThe real estate newspaper Amlak renews its pledge of allegiance and loyalty, promising to listen and obey in good times and bad, and extends its warmest congratulations and best wishes to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz on the occasion of the third anniversary of the royal trust placed in him by His Highness as Crown Prince, and we ask God to grant him success and guidance.

The Saudi Authority for Certified Appraisers offers more than 600 training programs and certifies more than 12,000 trainees

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Certified Resident System

Reading time: 2 MinutesThe Saudi Authority for Certified Appraisers revealed that, over the past three years, it has delivered more than 600 training programs, trained more than 12,000 trainees, and granted more than 2,000 people membership to practice the appraisal profession at one of the firms. As a result, there are now more than 420 firms practicing the appraisal profession in its various branches throughout the Kingdom. (Real Estate Appraisal) … Read more

2,881 cases related to the construction sector were filed in commercial courts over an 8-month period... with breaches of contract accounting for the lion's share

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Construction Quality - Contracting

Reading time: 2 MinutesBreaches of contract have accounted for the majority of commercial cases in the construction sector since the beginning of the current Hijri year—“more than eight months”—totaling approximately 2,881 cases, at a rate of about 12 cases per day, according to data released by the Ministry of Justice. The Ministry of Justice has launched a number of e-services in the sectors of the judiciary, notary services, enforcement, mediation, training, and the legal profession… Read more

Bookings in Jeddah's Al Mayar residential projects exceed 60%

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What are the steps to apply for the residential program?

Reading time: 2 MinutesReservation rates for residential projects in the Al-Mayar suburb of Jeddah—one of the major residential suburbs under the Housing Program— — during the first quarter of this year, reached 60% across three projects offering competitive prices and diverse designs in an environment with integrated amenities within the Jeddah Governorate. Reservations can be made online via the Sakani website and app, or by visiting the online platform to browse all housing options … Read more

“Monsha'at: More than 2.6 million beneficiaries of initiatives to address the financial and economic impacts of the coronavirus pandemic

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Raising real estate financing

Reading time: 2 MinutesThe General Authority for Small and Medium-Sized Enterprises  “Monsha’at” that the number of beneficiaries of its recently launched initiatives has reached more than 2.6 million, as part of its efforts to help the small and medium-sized enterprise sector and entrepreneurs cope with the financial and economic impacts of the COVID-19 pandemic. Among the initiatives launched by “Monsha’at” at the onset of the pandemic were the launch of the Virtual Enterprise Support Center and the establishment of … Read more

Coronavirus pandemic will create a new reality in real estate investment in terms of supply and demand

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Riyadh City - Investment - Tourism - Real Estate - Real Estate Offices - Real Estate Investment

Reading time: 3 MinutesThe weekly report issued by Al-Mazaya Holding predicted that real estate markets in the region may see rapid developments in terms of investor and end-user trends and preferences, as the market will see some investors exit and others enter, which will be accompanied by an increase in the number of real estate investment transactions and resales of completed and under-construction properties … Read more

“Sakani” Program: 24,770 families benefited from housing products and solutions in April

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Housing Program Report - Loans

Reading time: 2 MinutesThe “Sakani” program continued to provide its services remotely, announcing that 24,770 families benefited in April from the various solutions and options it offers, including 7,990 families who moved into their homes, bringing the total number of families that have benefited from all the housing and financing options and solutions offered by the program since the beginning of this year to 130,502, of which approximately 44,000 have moved into their homes … Read more

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