Month: September 2021

Pay in advance... Learn about the new mechanism for collecting financial compensation for water and sanitation services

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National Water Company

Reading time: < 1 MinuteThe National Water Company has confirmed the adoption of a new mechanism for collecting fees for water and sanitation services, which involves collecting payment “in advance” from all categories of consumers before services are provided. The company explained that this measure was implemented in accordance with the ministerial decision issued on the 7th of Muharram 1443 AH, which stipulates in the fifth paragraph of Article 3 that “fees shall be collected…” Read more

Dar Al Anwar Real Estate launches a distinctive property on an area of 24.6 thousand meters 2 in Makkah

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Reading time: < 1 MinuteThe online auction begins on Monday, September 6. Dar Al-Anwar Real Estate Company has announced that it will hold a public online auction for a prime property in the Kadi neighborhood of Makkah, with a total area of 24,653 square meters. The property is located next to public parking lots and is only about 4 minutes away from the Holy Mosque. Dar Al-Anwar stated that the auction will begin on Monday, September 28 … Read more

ASAS Commercial Data launches “Real Estate Auction” platform and offers unique real estate opportunities

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Reading time: < 1 MinuteHaving earned the trust of more than 500 real estate companies since its launch, Asas Business Data is preparing to launch the “Real Estate Auction” online platform on Tuesday, September 7, 2021, offering unique real estate opportunities through the online platform: mazad.net. “Asas,” a company specializing in real estate technology, has earned the trust of more than 500 real estate companies since its launch in 2018, with the value of transactions exceeding … Read more

“Ministry of Environment: Implementation of the executive regulations for the management of the marine and coastal environment in the Kingdom (Infographic)

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Reading time: 2 MinutesThe Ministry of Environment, Water, and Agriculture announced the implementation of the Executive Regulations for the Management of the Marine and Coastal Environment in the Kingdom, pursuant to the Environment Law issued by Royal Decree No. (M/165) dated 19/11/1441 AH. The Ministry clarified that the regulations aim to establish controls, standards, and requirements that enable the protection and sustainability of the marine and coastal environment. It confirmed that the regulations include defining the scope of work and responsibilities of three centers … Read more

Saudi Refinance and Social Insurance sign a two billion riyals refinancing agreement for the “Masaken” program”

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Reading time: 2 MinutesThe Saudi Real Estate Refinancing Company—wholly owned by the Public Investment Fund—announced the signing of its third agreement with the General Organization for Social Insurance, worth two billion riyals, with the aim of refinancing the portfolio of the “Masaken” program, which is funded by the Corporation. The signing took place in the presence of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, Chairman of the Board of Directors of the Saudi Real Estate Refinancing Company, … Read more

Sakani launches “Real Estate Market” service for buying and selling residential units

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Reading time: 2 MinutesThe Sakani Program has launched the “Real Estate Marketplace” service, which enables owners, developers, and real estate brokers to list their completed and under-construction units in various cities and provinces across the Kingdom via the Sakani website and app. This comes as an extension of the program’s ongoing efforts to provide diverse housing services and ensure a wide variety of suitable residential properties, thereby facilitating home ownership procedures and increasing the homeownership rate to 70% by … Read more

For investors in UK real estate. An important event awaits you in September

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Reading time: 2 MinutesReal estate sales in the UK have begun to decline rapidly after having surged in recent months, defying the difficult economic conditions caused by the global spread of the coronavirus pandemic, which led to widespread lockdowns in the UK last year and this year. The reason for the downward trend in sales is the expiration of the exemption from fees… Read more

Sami Abdulaziz writes: Metal Structures

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Sami Abdulaziz - Real Estate Articles

Reading time: < 1 MinuteMetal structures are among the most important types of structures, as they are characterized by their strength and high capacity to withstand the weight of solid and heavy loads. Metal structures rank second in terms of prevalence after concrete structures, as they are used in the construction of bridges, railway bridges, and tunnels due to their ability to support heavy-load vehicles, as well as their ability to withstand the passage of trains, which cause vibrations that do not… Read more

An official source at the Ministry of the Interior: Three new violations have been added to the protocols for establishments, and the penalty of closure for non-compliant establishments has been amended

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Reading time: < 1 MinuteAn official source at the Ministry of the Interior stated that, following the announcement made on 29 Ramadan 1442 AH regarding the amendment of the schedule classifying penalties for violations of precautionary procedures and (protocols) adopted by the relevant authorities to combat the coronavirus (COVID-19) pandemic, it has been decided to add the following, in accordance with violations of protocols specific to establishments: 1- Allowing unvaccinated individuals to enter.2- Violation of failing to use a gathering permit … Read more

“Amlak publishes contractor classification system, penalties include revocation of classification or 5-year ban on renewal

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Reading time: 3 MinutesThe Council of Ministers approved the Contractor Classification System, which consists of 19 articles. Today, the Umm Al-Qura newspaper published the details of the 19 articles of the new system as follows: Article 1: The following terms, wherever they appear in this system, shall have the meanings set forth opposite them, unless the context requires otherwise: The Ministry: The Ministry of Municipal, Rural Affairs, and Housing. The Minister: The Minister of Municipal and Rural Affairs … Read more

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