Month: December 2020

109.2 billion riyals in consumer finance contracts over 10 months

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International Monetary Authority - Real Estate Finance - Real Estate Finance - Insurance - Finance - Real Estate Finance - Residential - Project Finance - Real Estate Finance

Reading time: 2 MinutesA significant surge pushed Saudi banks’ assets in the third quarter to 1.7 trillion riyals in mortgage financing—a report released by the Saudi Arabian Monetary Authority in early December, revealed that the total number of new residential mortgage contracts issued to individuals had doubled from the beginning of this year through October, with the number of mortgage contracts reaching 234,400, valued at over … Read more

Abdullah Al-Ateeq writes: My real estate experience in contract terms

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Articles - Antique Real Estate Offices - Real Estate - Hotels

Reading time: 2 MinutesReal estate agents vary in their familiarity with market trends, real estate marketing, and property management in terms of their full-time commitment to the profession; while others who work in real estate may hold a day job, making it difficult for them to serve clients due to the demands of their morning work. As a result, they cannot devote sufficient attention to searching for properties to rent, sell, or buy, and thus require a full-time agent… Read more

Housing Minister Praises the Efforts of the Wise Leadership in Supporting the Housing Sector

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Al-Haqeel Real Estate Ownership System

Reading time: < 1 MinuteThe Budget – Housing Minister Majid Al-Hogail praised the efforts of the wise leadership under the guidance of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and his trusted Crown Prince, Prince Mohammed bin Salman, may God protect them, in providing the necessary support to the housing sector. In a tweet posted on his official account, he affirmed that the new year’s budget reflects the strength of the national economy and its ability to face various challenges and circumstances, thereby contributing … Read more

King Salman Announces Details of the 2021 Budget and a Reduction in the Deficit to 141 billion riyals

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The Kingdom's General Budget

Reading time: < 1 MinuteBudget – The Kingdom of Saudi Arabia unveiled the general outline of its budget for fiscal year 2021 yesterday, reaffirming its commitment to continued spending and financial investment in the country, as well as its priority of supporting healthcare. In his extensive speech on this occasion, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, may God protect him, said: «We are announcing the budget for the coming fiscal year, continuing to advance the path of development and prosperity,» emphasizing … Read more

«Itqan Real Estate offers various investment opportunities In Jeddah's Tahlia Gate project

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Mastering a real estate auction

Reading time: 2 Minutesمزاد عقاري – أطلقت شركة إتقان العقارية يوم أمس الأحد 21 ربيع ثاني 1442هـ الموافق  6 ديسمبر 2020م  الحملة التسويقية لمخطط «بوابة التحلية» بمدينة جدة  الذي تملكه وطورته شركة سندس العقارية على مساحة تقدر  بـ (875,289,38) متر مربع بحي الواحة على تقاطع طريق الحرمين والتحلية، وتقدر قيمته السوقية بـ مليارين ونصف المليار ريال، ويعد من … Read more

The Ministry of Justice Adds a Dedicated Page on “Real Estate Services” to the Notary Public Website and App

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تحسينات توثيق العقار

Reading time: < 1 MinuteThe Ministry of Justice has added a “Real Estate Services“ page to the Notary Public website and app, which includes a set of data fields that beneficiaries must fill out and verify before requesting a notary public to notarize real estate transactions, in order to facilitate and expedite the notarization process for real estate transactions. The Ministry noted that the page enables users to expedite real estate notarization services such as property release, property mortgage, and the release of a mortgaged property… Read more

The comprehensive strategy for the real estate sector: 4 pillars based on 15 objectives

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Real Estate - Comprehensive Strategy for the Real Estate Sector

Reading time: 2 Minutesعقارات – وجدت موافقة مجلس الوزراء على الاستراتيجية الشاملة للقطاع العقاري ارتياحاً كبيراً في الأوساط العقارية؛ باعتبار القرار يعكس اهتمام القيادة بتطوير القطاع العقاري في المملكة بكونه أحد ركائز الاقتصاد الوطني، وحرصها على تنظيمه وتنميته وتحسين آليات الإشراف عليه، ورفع كفاءته وتشجيع الاستثمار فيه، وتمكينه من زيادة مساهمته في الناتج المحلي الإجمالي. تحسين أداء المنشآت العقارية … Read more

The art of choosing and coordinating colors at home

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Color decor

Reading time: 4 MinutesBy M. Sharifa Fahd – One of the challenges we often face when redecorating our homes or updating our furniture is choosing colors that are on-trend and coordinating them in an attractive and stylish way. Here are some steps to help you coordinate your home decor colors with ease. Start by choosing a floor color. The floor is the fixed element in the home whose color never changes, and it occupies … Read more

PropertyNet launches its first mobile app

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amlak. Brontë-78 application

Reading time: < 1 Minuteيقدم البرنامج حلول تكنولوجية للسوق العقاري أفاد الأستاذ حسام سليم، المسؤول عن برنامج بروبرتي نت لإدارة الأملاك العقارية، وهو البرنامج المثالي في تقديم الحلول التكنولوجية للسوق العقاري منذ عام 1999م في السعودية وباقي دول الخليج، أن برنامج «بروبرتي نت» من أكثر البرامج احترافية في هذا المجال لمن يعمل على ضبط إيقاع أعماله لزيادة الإيرادات وتقليل … Read more

Editor-in-Chief Writes: Strategy... and the Role of Developers

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Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

Reading time: 2 Minutesكانت جلسة مجلس الوزراء التي عقدت يوم الثلاثاء الماضي والمؤرخة بتاريخ الثامن من ديسمبر 2020 جلسةً استثنائية لرجال الأعمال والاقتصاد عموماً، وللعاملين في قطاع العقار على وجه الخصوص؛ حيث أعلن المجلس عن موافقته الكريمة على الاستراتيجية الشاملة للقطاع العقاري، وكذلك أقر استراتيجية سوق العمل والتي تتضمن إصلاحات جوهرية ستسهم في تطويره ورفع كفاءته ليواكب أفضل … Read more

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