“Taqeem Receives Reciprocal Accreditation from the Institute of the Automotive Industry

Certified Resident System

Reading time: 2 MinutesThe Saudi Authority for Accredited Appraisers (TAQEEM), through its training arm, the “Training and Development Center,” received approval from the Institute of Motor Industry (IMI) for mutual recognition between the Authority and the Institute through the Fellowship membership granted by the Authority in vehicle damage assessment and the Fellowship membership offered by the Institute of Motor Industry (IMI), which is the highest membership level granted by the Institute, making it possible for … Read more

“Sakani” Issues 3,377 Electronic Contracts for Residential Land in August

Reading time: 2 MinutesThe Sakani Program issued 3,377 residential land contracts to program beneficiaries last August as part of its diverse housing and financing options designed to facilitate homeownership for Saudi families, in line with the objectives of the housing program —one of the programs under the Kingdom’s Vision 2030—to raise the homeownership rate to 70% by 2030. In a press release, “Sakani” explained that the land included 609 plots in the region… Read more

Enforcement announces 8 e-auctions on 42 properties across the Kingdom Find out when

Real estate auctions

Reading time: < 1 MinuteThe Enforcement and Liquidation Center (“Enfaaz”) announced that it will hold eight public auctions for various properties in different regions of the Kingdom between September 13 and 27. The center stated that the auctions will offer 42 real estate investment opportunities, with a total area exceeding 31,000 square meters, beginning with the ”Diyar Al Sharq Online Auction,” which features six real estate opportunities consisting of a residential apartment … Read more

Saudi stock index closes down 74.94 points

Saudi Arabia's stock market

Reading time: < 1 MinuteThe main Saudi stock index closed down 74.94 points today, ending at 11,342.85 points, with trading volume reaching 7 billion riyals. The Saudi main stock index saw more than 150 million shares traded across more than 300,000 transactions, with shares of 44 companies rising in value, while shares of 145 companies closed lower. It was … Read more

“Sustainable Construction” starts checking contractors' compliance with the label

Residential platform

Reading time: < 1 MinuteThe “Sustainable Construction” program has launched a service (to assess contractors’ compliance with classification standards), with the aim of verifying the quality of contractors’ work and improving the quality of construction in the real estate sector. This service is part of a series of services provided by the program to enhance construction quality through unit inspections. The program explained that the service provides reports on the extent to which contractors comply with quality and safety standards and maintain … Read more

“Housing”: More than 11,000 engineering offices and contractors accredited until the end of August, and Riyadh tops the list.

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs and Housing stated that more than 11,000 engineering firms and contractors had been accredited through the “Baladi” platform as of the end of last August. The ministry explained that this is intended to facilitate the provision of building permit services to beneficiaries, noting that the number of accredited firms and contractors in Riyadh reached approximately 4,097, in Makkah 2,611, and in the Eastern Province 2,484, … Read more

House prices continue to rise in the UK

Reading time: < 1 MinuteHousing prices in the UK continued to rise in August, despite the expiration of the tax relief period for homebuyers, according to a report by Halifax Mortgage.   The bank stated in the report that the average price of a residential unit in the UK rose last month by 0.7% month-on-month to £262,954 ($364,000), following a 0.4% increase in July. At the same time, the rate … Read more

Makkah in the lead Execution courts receive requests worth 8.6 billion riyals in a month

Reading time: < 1 MinuteEnforcement courts have received approximately 75,000 enforcement requests for commercial papers over the past month, since the start of the current Hijri year, with a total value of 8.6 billion riyals.“Promissory notes” accounted for 44% of these cases, with approximately 33,000 enforcement requests filed. The Makkah region topped the list with 47.7% of total enforcement requests, amounting to … Read more

“Mulak announces the availability of ”Property Managers and Companies Services Review“

Reading time: < 1 MinuteThe Mullaak program announced the launch of a new service that allows property managers, maintenance companies, and operating firms to register and showcase their services to active homeowners’ associations on its platform, with the aim of organizing and facilitating the relationship between associations and service providers.The program explained in a press release today that the service will enable individual or corporate property managers, as well as maintenance and operations companies, to offer their services and solutions to associations in cities across the Kingdom; … Read more

Tripartite agreement to provide 1,500 housing units to needy families in all regions

Reading time: 2 MinutesThe Developmental Housing Program signed a tripartite cooperation agreement with the Ma'wa Association for Social Services and the private Developmental Housing Foundation “Sakan,” to provide 1,500 housing units to the most needy families among the association’s beneficiaries across all regions of the Kingdom, in the presence of His Excellency the Minister of Municipal, Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail, and his Deputy, His Excellency Engineer Abdullah bin Mohammed Al-Badeer. The program explained in a press release … Read more