PRA allocates exclusive incentives and facilities for classified real estate establishments to build the capacity of the real estate sector

3500 illegal real estate ads

Reading time: 2 MinutesThe Governor of the General Real Estate Authority (GRA), Essam bin Hamad Al Mubarak, revealed a package of exclusive incentives and facilities for classified real estate establishments, and the investment opportunities available to them to build the capabilities of the real estate sector, increase the value of classified offices' services, raise their quality, and the quality of the work they do. This came during a meeting that was held remotely via video conferencing with representatives of real estate offices that received ... Read more

Adel Al-Ghamdi: Saudi Arabia's real estate brokerage rate is the lowest in the world, and in the U.S. it ranges between 5-6%

New York real estate offices

Reading time: < 1 MinuteAs a continuation of the discussion initiated by Amlak newspaper about real estate offices, real estate specialist Adel bin Ali Al-Ghamdi, from Jeddah, expressed his surprise at the low percentage of real estate brokerage in the Kingdom, describing it as the lowest in the world, pointing out that the brokerage systems in the United States of America are very advanced, where real estate brokers generally receive a brokerage commission ... Read more

Real estate expert Abdulaziz Al-Angari advises those looking to open real estate offices to cooperate with experienced professionals before the start of the process

Hotel rooms

Reading time: < 1 MinuteReal estate expert Abdulaziz Abdulrahman Al-Angari (Al-Angari Office Riyadh, Al-Yasmine neighborhood, Anas bin Malik Road) stressed that the choice of the region, neighborhood and location plays a major role in the economics of real estate offices, explaining that if the area is good in terms of movement, such as North Riyadh, rents will be high, indicating that those areas achieve satisfactory returns and profits despite their operating costs, ... Read more

Saudi Valuers Authority signs an agreement with the Real Estate Fund to use the “Values” system to access the services of licensed establishments

Certified Resident System

Reading time: 2 MinutesThe Saudi Commission for Accredited Valuers signed an agreement with the Real Estate Development Fund in the field of technical linkage and benefiting from the services of licensed establishments to practice the valuation profession through the “Values” system, representing the Saudi Commission for Accredited Valuers “Taqeem” in this agreement Engineer Sultan Al-Jaris, its Secretary General, and on the side of the Real Estate Development Fund, Mansour bin Madi, its General Supervisor. This agreement aims to ... Read more

Real estate expert Fahad Alshabeeb outlines eleven important tips for those looking to open a new real estate office

Fahad Abdulrahman Alshabeeb - Real Estate Marketing

Reading time: 3 Minutes(Real Estate Marketing) - Real estate expert Fahd Abdulrahman Al-Shabib put eleven important tips for businessmen who are about to open real estate offices, as he summarized them in the following points: 1- Make sure to form relationships with offices that are managed by Saudis. 2- Do not make your focus and form relationships with the perimeter of the office, or the neighborhood square in which your office is located. ... Read more

Royal Commission for Jubail and Yanbu attracts SAR 50 billion worth of investments during the first quarter of 2020

Royal Commission - Investments

Reading time: 2 MinutesThe Royal Commission for Jubail and Yanbu revealed that the authority attracted investments during the first quarter of this year worth more than 50 billion riyals. This is despite the effects of the Corona pandemic crisis, and Engineer Abdullah Al-Saadan, Chairman of the Authority, explained that the government of the Custodian of the Two Holy Mosques stood proudly and historically to protect citizens and residents from the Corona pandemic, and the early and decisive precautionary measures that ... Read more

Real estate prices to fall and REITs to shrink, reports say

Rental Properties - Real Estate - Real Estate - Real Estate Funds - Rental - Licensing -... Real Estate Deals - Real Estate Exchange

Reading time: < 1 MinuteSpecialized economic reports predicted the decline in real estate prices, with the contraction of the economy, as evidenced by the sharp decline in REITs during last April and early May, and Jadwa Investment Company indicated in its report that real estate prices rose in the first quarter of 2020, by 1.2%, year-on-year, and by 0.4% on a quarterly basis, adding ... Read more

GAZT launches 15 initiatives to stimulate the economy and encourage the private sector

Zakat & Income Tax - Zakat & Income Tax - Property Tax - Tax

Reading time: 2 MinutesThe General Authority for Zakat and Income revealed that it launched 15 initiatives aimed at stimulating the economy and encouraging the private sector in light of the Corona pandemic, which contributed significantly to reducing the financial burdens on commercial establishments and providing cash liquidity to the private sector to meet its other obligations, as well as benefiting a large number of taxpayers. He explained M. Suhail Abanmi, Governor of the Authority, explained during the video meeting that ... Read more

The Human Resources Development Fund “Hadaf” deposits 436 million riyals in the bank accounts of 274 thousand beneficiaries

Investment Opportunities - Development

Reading time: < 1 MinuteThe Human Resources Development Fund ”Hadaf” revealed that it deposited more than 436 million riyals in the bank accounts of more than 274 thousand male and female beneficiaries registered in the job search subsidy program and the subsidy for difficulty in obtaining a job for the month of April 2020. “Target” revealed The number of beneficiaries of the job search subsidy amounted to 146,215 beneficiaries ... Read more