Month: September 2020

Reading time: 2 MinutesThe White Land Fees Program has completed preparations to launch the second phase of implementing land fees in 17 additional cities, including five cities before the end of 2020, in addition to beginning implementation in Riyadh, Jeddah, and Dammam. The program clarified that the five cities where the system will be implemented this year are Madinah, Abha, Khamis Mushait, Taif, and Jizan, … Read more

Reading time: < 1 MinuteReal Estate – The new system for the ownership, classification, and management of real estate units went into effect yesterday, Wednesday, September 9, 2020, following its prior approval; The system, oversight of which has been transferred to the General Real Estate Authority, aims to improve the performance and regulation of the real estate sector and to govern the relationship between all parties involved in residential and commercial complexes with shared ownership. Formation of the Owners’ Association … Read more

Reading time: 2 MinutesStarting today, Wednesday, existing engineering firms engaged in real estate unit surveying must complete the program’s training course as part of the program’s requirements for certifying firms to conduct real estate unit surveying. The program clarified in a statement today that the system for the ownership, classification, and management of real estate units, along with its implementing regulations, requires those engaged in surveying and preparing real estate plans—as well as those affiliated with engineering firms—to pass … Read more

Reading time: 2 MinutesReal Estate Projects – The Support and Liquidation Center «Enfaz» and the Off-Plan Sales Committee «Wafi» have signed a joint cooperation agreement that allows the Committee to enlist the help of «Enfaaz» to handle real estate projects licensed for off-plan sales in the event of default by assigning them to the Center to oversee their liquidation; with the aim of ensuring and safeguarding the rights of all contracting parties in the project, including buyers, companies, and financing entities. Representing … Read more

Reading time: 2 MinutesA workshop organized by the Eastern Province Chamber of Commerce—held virtually last week—highlighted the importance of digital transformation in providing building inspection services, which leads to improved quality in light of the implementation of the Saudi Building Code, Speakers at the workshop explained that competition over the quality of inspections provided by digital platforms can help improve construction quality and eliminate… Read more