Month: August 2020

Including local content requirements in housing project brochures to increase and support real estate products

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Reading time: 2 MinutesIt is expected that local content requirements will be included in the brochures of housing projects, developmental housing projects, infrastructure projects and other projects supervised by the ministry, where local content requirements will be included in the various stages that the real estate developer goes through, starting from the qualification stage through licensing to implementation, so that local content becomes a basic condition in qualifying developers ... Read more

The Real Estate Fund injects more than 500 million riyals into the accounts of citizens benefiting from the (Sakani) program

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Real Estate Finance - Mortgage Loan

Reading time: < 1 MinuteReal Estate Loan - The Real Estate Development Fund (REDF) on Sunday pumped more than 500 million riyals into the accounts of citizens who are beneficiaries of the (Residential) program from the Ministry of Housing and the Real Estate Development Fund for the month of August 2020. The Fund allocated the total support this month for the profits of subsidized mortgage contracts, pointing out that the total amount deposited in the accounts of «Residential» beneficiaries since ... Read more

Riyadh Developmental Housing Association established to provide housing, financing and maintenance for needy groups

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Real Estate Prices - Real Estate

Reading time: < 1 MinuteReal Estate - Engineer Ahmed bin Sulaiman Al Rajhi, Minister of Human Resources and Social Development, issued a decision to establish the Developmental Housing Association in the Riyadh region, which aims to provide housing services such as maintenance and restoration for the most needy groups and seek to contribute to supporting the establishment of housing units to improve the social status of the needy groups. It works to find practical mechanisms that increase the efficiency of utilization of the most needy categories of housing ... Read more

“Abu Dhabi sees real estate projects and new contracts awarded to bring life back to normal

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Real estate application

Reading time: < 1 MinuteAbu Dhabi Real Estate - The real estate market in Abu Dhabi has witnessed the implementation of a number of projects and the awarding of new contracts for the completion of infrastructure works, making life return to normal, real estate companies in Abu Dhabi revealed that contracts worth about 4.6 billion dirhams have been awarded for the implementation of infrastructure projects. Emaan Real Estate Development Company recently revealed that construction operations ... Read more

“Municipal and Rural Affairs” sets October 4 as the deadline for linking licenses to leases via Baladi platform

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Municipal Affairs - Rental Properties - Real Estate

Reading time: < 1 MinuteReal Estate - The Ministry of Municipal and Rural Affairs called on all beneficiaries of the “Commercial Activity License” service to document new leases or convert paper contracts to electronic before October 4, 2020, noting that it will no longer be possible to link licenses to leases through Baladi platform without being documented through the Ejar network. ... Read more

Ministry of Justice approves regulations and requirements for connecting services to homes that do not have legal deeds

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2 - Connecting Electricity Services to Homes - Real Estate

Reading time: 2 MinutesReal Estate - The Ministry of Justice issued a circular approving the controls and requirements for connecting services to homes whose owners do not have legal deeds, and the controls set by the Housing Programs Committee take into account humanitarian circumstances. The competent authorities had set eight new controls for the delivery of electricity and water services to homes whose owners do not have legal deeds, taking into account humanitarian considerations. The controls included the delivery of services ... Read more

State Real Estate Authority approval is a prerequisite for courts to proceed with seizure cases

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Ministry of Justice - Ministry of Justice - Real Estate - Lease - Emptying Real Estate - Real Estate - Commercial Cases - Real Estate

Reading time: < 1 MinuteReal Estate - The Minister of Justice and President of the Supreme Judicial Council, Dr. Walid Al-Samaani, issued a directive not to take any action to approve, amend or add to the title deeds without the approval of the acquisition committees in the General Authority for State Property. The Ministry of Justice's directive applies to the arguments submitted to the Supreme Court, and the addition of missing data to the deeds is through the owners' application to the Authority ... Read more

«Amlak releases its 200th issue and pledges to its customers to continue excellence and creativity

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The real estate industry is celebrating

Reading time: < 1 Minute«Amlak Real Estate» newspaper puts the 200th issue in the hands of its readers and valued customers; after a long journey in partnership with all components of the real estate and economic sector; so that it can provide a distinguished media service and be up to the challenge as the first specialized real estate newspaper; which placed on its shoulders the burden of journalistic integrity with impartiality and selflessness away from profit and loss margin calculations ... Read more

Eastern Province Municipality invites investors and businessmen to compete in 14 opportunities

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Eastern Municipality Opportunities - Investment

Reading time: < 1 MinuteInvestment - The Eastern Province Municipality invited investors and businessmen to compete in 14 opportunities offered by the Municipality for those wishing to invest in 4 different fields and in multiple locations, most notably the areas of business centers and trade complexes, by visiting the municipal investment portal “Opportunities”. The Municipality's spokesperson, Mohammed Al-Safyan, explained that investors and entrepreneurs wishing to compete can view the ... Read more

The Saudi Investment Bank launches real estate financing service through an online application

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The Saudi Investment Bank - Real Estate Finance

Reading time: < 1 MinuteReal Estate Finance - The Saudi Investment Bank (SAIB) has launched a mobile mortgage service, the first of its kind in the Kingdom of Saudi Arabia, which enables the bank's customers to apply and obtain real estate financing through the bank's online application through a unique and easy experience. With the launch of this service, The Saudi Investment Bank is proud to be at the forefront of digitizing ... Read more

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