Month: August 2021

Amlak survey: Real estate advertising controls end speculation and increase the reliability of the real estate sector

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Reading time: 3 MinutesThe real estate market is waiting for the next few days to start applying the “real estate advertising controls” issued by the Board of Directors of the General Real Estate Authority (GRA) and published in the Official Gazette, marking the adoption of its application on September 1. According to the authority, these controls aim to limit fake advertisements related to the real estate sector, enhancing its reliability and raising the level of credibility of the platforms concerned with the advertisements. The end of the era ... Read more

Minister “Al-Qasabi” approves the amendment of the executive regulations of the Saudi Building Code Implementation System Here are all the details

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Reading time: 7 MinutesDr. Majid bin Abdullah Al-Qasabi, Minister of Commerce and Chairman of the Board of Directors of the Saudi Standards, Metrology and Quality Organization (SASO), based on the powers granted to him by law, decided to approve the amendment of the executive regulations of the Saudi Building Code Implementation System. According to the Umm Al-Qura newspaper, this regulation will be implemented as of the date of its publication in the newspaper. The details of the regulation are as follows: Chapter One: Definitions Article One: ... Read more

Real Estate Sorting Program Launches “Re-Sorting” Service”

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Reading time: < 1 MinuteThe Real Estate Units Sorting Program launched the “Re-Sorting” service, which enables owners of residential, commercial or mixed-use real estate units to re-sort the unit, the common property, the real estate complex, or any part of it, by splitting, merging, adding and others, before or after transferring the sorting activity to the Real Estate Units Sorting Program. Read more

H.H. the Deputy Emir of Jazan meets the Chairman of the National Real Estate Committee of the Federation of Saudi Chambers

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Reading time: 1 MinuteHis Royal Highness Prince Mohammed bin Abdulaziz bin Mohammed bin Abdulaziz, Deputy Emir of Jazan Region, received at his office today, Chairman of the National Real Estate Committee at the Federation of Saudi Chambers Mohammed bin Abdullah Al-Murshid and a number of committee members, and listened to an explanation about its work and other committees that participate with a number of agencies and private sector institutions to achieve effective participation in the development ... Read more

Via free shares ... Andalus Real Estate shareholders approve capital increase 33.3%

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Reading time: < 1 MinuteThe Extraordinary General Assembly of the shareholders of Al-Andalus Real Estate Company, in its meeting yesterday, Wednesday, approved increasing the company's capital 33.33% by granting free shares, one share for every 3 shares. The company explained, in a statement to the Saudi Tadawul, that the company's capital was approved to increase from 700 million riyals to 933.33 million riyals, by capitalizing 233.33 million riyals, ... Read more

Makkah's crown prince and grant schemes start to receive services

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Municipality of the Holy Capital

Reading time: < 1 MinuteThe Municipality of the Holy Capital has started the implementation of dirt settlement works in preparation for asphalt work and the delivery of services to the plans of the Crown Prince and grant schemes in Makkah Al-Mukarramah. The Municipality's vehicles and equipment started yesterday to carry out the dirt leveling works in Al-Shamiya neighborhood (new) - Plan No. 3 - and work is ongoing in other plans within the project implementation plan supervised by the Municipality's Construction and Maintenance Agency. ... Read more

worth 4 billion riyals. Saudi Arabia announces the region's largest technological launch of quality programs and investment funds

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Reading time: 3 MinutesIn the largest technology launch of its kind in the Middle East and North Africa region, the Kingdom announced today a package of quality initiatives and technology programs worth a total of nearly 4 billion riyals in cooperation with 10 of the world's most important technology giants, to enhance digital capabilities, achieve the goal of one programmer out of every 100 Saudis by 2030, encourage innovation and creativity, and achieve leadership ... Read more

“Justice” : Real estate documentation increased by 62% over the past year

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Reading time: < 1 MinuteThe growing digital transformation in the Ministry of Justice has enabled an increase in documentation operations, including real estate documentation, which exceeded 2.15 million documentation operations during 1442. She pointed out that the documentation operations recorded an increase of 62% during 1442 compared to 1441, in which real estate documentation operations amounted to 1.33 million real estate documentation operations. The Ministry of Justice explained that the documentation operations varied ... Read more

Here are the details of the new contractor classification system and cover-up exemption rules (Infographic)

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Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs and Housing revealed details of the new contractor classification system after its approval by the Council of Ministers, which aims to enhance competitiveness in the implementation of projects. For his part, Minister of Municipal, Rural Affairs and Housing Majid Al Haqeel commented on the occasion of its approval by the Council of Ministers, saying: “I extend my thanks to the Custodian of the Two Holy Mosques and His Royal Highness the Crown Prince on the occasion of the Council of Ministers” approval of ... Read more

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