Month: June 2020

Amlak survey confirms fluctuating trust and credibility in real estate WhatsApp groups due to the proliferation of fake offers

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pdf Real Estate Survey

Reading time: 3 MinutesA number of administrators of real estate groups on WhatsApp have confirmed that the proliferation of fake real estate listings is eroding trust and credibility, even though these groups play an important role in providing digital alternatives for flexible real estate marketing. Real estate groups vary depending on their intended objectives; while many note varying levels of satisfaction among group members, others observe that some group administrators… Read more

“Ejar” program reveals that 900 thousand residential and commercial leases have been documented

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

Reading time: 1 MinuteThe Ministry of Housing’s “Ijar” program revealed that approximately 900,000 residential and commercial lease agreements have been registered in the electronic rental services network. Nahar Al-Sheikh, General Supervisor of Real Estate Regulation at the Ministry of Housing, explained, “To date, the program to support tenants in financial distress has been able to provide assistance to more than 7,000 beneficiaries, including 6,000 cases that received support over the course of a year … Read more

The Royal Commission for Riyadh Development Announces the Allocation of 150,000 Trees and Shrubs for the Implementation of the Green Riyadh Project

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Green Riyadh - Development

Reading time: < 1 MinuteThe Royal Commission for the Development of Riyadh announced the allocation of 150,000 trees and shrubs for the implementation of the “Green Riyadh” project—one of Riyadh’s major projects—launched by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud —may God protect him—in February 2019. The “Green Riyadh” project, the first phase of which was launched before Ramadan this year … Read more

Arrangements and regulations issued to implement the decision to prohibit the proof of ownership of land and real estate by ordinary documents

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State Land - Land - Real Estate - Real Estate

Reading time: < 1 MinutePursuant to Royal Decree No. (A/218) dated 25/3/1441 AH, which stipulates that courts shall not accept any lawsuit seeking to establish ownership of land based on revival of title, adverse possession, or ordinary documents, and in implementation of the decree, the Council of Ministers has approved a number of arrangements, rules, and regulations established by the State Lands Committee for the transfer of land and real estate ownership to applicants who filed petitions with the courts prior to the date of the decree’s issuance. The arrangements and regulations stipulate … Read more

Housing program confirms that work continues on projects. And the completion rates are jumping to advanced stages

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What are the steps to apply for the residential program?

Reading time: < 1 MinuteThe “Sakani” program announced that progress on housing projects has reached advanced stages, with the “Ruba Jeddah” project, located in the Al-Mayar suburb of Jeddah, has reached a completion rate of 93 percent; the “Nasaj Town” project in the Al-Wajhah suburb of Dammam has reached a completion rate of 92 percent; and the “Al-Biraq Villas” project in Al-Ahsa … Read more

«Amlak» newspaper opens the file and reveals the interesting... The real estate WhatsApp groups stand between credibility and the number of fake offers

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Surveying real estate groups in WhatsApp

Reading time: 4 MinutesWhatsApp groups play an important role in providing digital alternatives for flexible real estate marketing, Real estate groups vary depending on their intended objectives. Many observe varying levels of satisfaction among group members, while others note that some group administrators are inactive and do not pay attention to what is posted in their groups, and sometimes do not even view or respond to messages… Read more

5 trends that are shaping the future of the UAE's real estate market after the coronavirus pandemic

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Abu Dhabi - Abu Dhabi real estate app - UAE real estate - real estate investment

Reading time: 2 MinutesLootah Real Estate Development has identified five trends in the UAE real estate market in the post-COVID-19 era.  Short- and medium-term changes will occur after the pandemic ends, and in its assessment of these changes, the company has focused on the implementation of safety measures, preventive sanitization protocols, and automation. There will also be a preference for low-density properties and leveraging digital transformation to benefit the UAE real estate sector… Read more

Under a special regulation to be enacted by the Ministry of Commerce... Experts and specialists are calling for small and medium-sized businesses to be allowed to work from home

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Remote Work - Investment

Reading time: < 1 MinuteExperts have called on the Ministry of Commerce to enact new regulations allowing small and medium-sized enterprises to work from home, following the example of most developed countries, in order to promote the value of remote work and reduce the operating and investment costs of these economic activities, in which management and planning constitute a significant part of their operations. According to a survey conducted by Amlak newspaper on … Read more

Monsha'at launches “Economic Adaptation Week” to support entrepreneurs

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Monsha'at - Small and Medium Enterprises

Reading time: < 1 MinuteEconomy – With the aim of creating an environment that helps the business sector and entrepreneurs—both men and women—cope with and adapt to all economic changes; the General Authority for Small and Medium Enterprises (Monsha’at) launched the “Economic Adaptation Week” events as part of the activities of the Virtual Enterprise Support Center; The initiative aims to provide support services and business opportunities to foster the growth of this sector, enhance its competitiveness, promote a culture of entrepreneurship, and support entrepreneurs… Read more

Al Rajhi Bank provides more than 50 million riyals to help curb the spread of the coronavirus pandemic

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Al Rajhi Bank

Reading time: < 1 MinuteSince the start of the COVID-19 pandemic in mid-March, Al Rajhi Bank has launched a number of unique initiatives to help combat the pandemic in various ways as part of the government’s efforts. The total support provided by the bank has reached approximately 50 million riyals. The bank classifies these initiatives as part of its corporate social responsibility programs, which it has consistently supported and promoted since its inception… Read more

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