Month: October 2021

“Mulak registers more than 126,000 real estate units until September 2021

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Program-Angel

Reading time: < 1 MinuteThe number of real estate units registered in the Mulak program has grown by more than 126 thousand real estate units within more than 14 thousand owners' associations registered in the electronic platform since the beginning of the program until September 2021. This comes as an extension of the program's efforts to promote the culture of coexistence and preserve the rights of owners and occupants of real estate units with common ownership by providing services, which ... Read more

“Sorting Real Estate Units” records 40% growth in 2021

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Real Estate Sorting Program

Reading time: < 1 MinuteThe real estate units sorting program recorded a remarkable increase in the sorted areas by more than 40% until the third quarter of this year 2021 AD compared to the same period in 2020 AD, with an increase of more than 11.3 million m2 in the number of meters sorted for real estate units.The program explained in a press release that the number of real estate units that were sorted exceeded 34 thousand units, within ... Read more

One of the world's most successful global experiences, the United Nations is benefiting from the Kingdom's housing experience: 60% in a short period of time

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Reading time: 2 MinutesHis Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, met at his office today with the United Nations Under-Secretary-General and Executive Director of the United Nations Human Settlements Program (UN-Habitat) Maimuna Mohammed Sharif and her accompanying delegation to discuss opportunities for joint cooperation between the two sides, and ways to benefit from the programs and services provided by the Ministry within the municipal and housing sectors, in the presence of HE the Deputy Minister of ... Read more

Enforcement oversees the liquidation of 57 properties with areas exceeding 190,000 square meters

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Real estate auctions

Reading time: < 1 MinuteThe Assignment and Liquidation Center «Enforcement» announced the holding of 5 public auctions, to be held on several properties in several regions of the Kingdom, between (24 to 26 October 2021). The auctions showcase 57 real estate investment opportunities with a total area of more than 190,000 square meters, starting with the ”Sanabel Taiba Auction”, which is based on 10 real estate opportunities ... Read more

China to tax residential property owners

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Reading time: < 1 MinuteChina's State Council plans to expand real estate tax reform experiments to more regions and start taxing residential property owners, Xinhua reported. The plan, approved by the Standing Committee of the National People's Congress (NPC), China's top legislature, is designed to guide rational real estate purchase and will continue ... Read more

Ministry of Justice Launches Electronic Mortgage Documentation Service via Najeez Portal

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Conciliation platform

Reading time: < 1 MinuteThe Ministry of Justice, in cooperation with the Industrial Development Fund (IDF), announced the launch of the service of documenting the mortgage of objects electronically through the Najez portal. The Ministry explained that the mortgage document is an executive document that is subject to the provisions of the regulations related to implementation, and specified several steps to complete the documentation, which are as follows: 1- Issuing an application for the beneficiary at the Industrial Development Fund. 2- The beneficiary's access to the «Najeez« portal. 3- Choosing a service ... Read more

4 mistakes entrepreneurs make that could cause your business to fail. Here's what you need to know

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Reading time: 2 MinutesWhile more and more entrepreneurs are starting their own companies around the world, many startups don't last long in the market, with many closing their doors within the first five years of their founding. While mistakes made by entrepreneurs can be a way of learning and avoiding similar mistakes in the future, ... Read more

«Azizi selects Knauf for roofing at Riviera residential project in Dubai

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Azizi Real Estate

Reading time: < 1 MinuteAzizi Developments has signed an agreement with Knauf Group, a gypsum ceiling specialist, to work on the second and third phases of Riviera, a residential and commercial development in Mohammed Bin Rashid City, Dubai. Farhad Azizi, CEO of Azizi Developments, said: «Knauf Group has been able to achieve excellence in the market thanks to its track record of achievements and reputation ... Read more

“Real Estate Fund” deposits more than 775 million in the accounts of “Residential” beneficiaries for the month of October

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Real estate fund-min

Reading time: < 1 MinuteThe Real Estate Development Fund announced today that more than 775 million riyals were deposited in the accounts of “Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for October 2021. The CEO of the Real Estate Development Fund, Mansour bin Madi, explained that the total support for this month was allocated to the profits of subsidized mortgage contracts, pointing out that the total amount deposited in the accounts of ”Residential” beneficiaries ... Read more

A Saudi platform to manage facilities and optimize staff efficiency

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Construction contracting

Reading time: < 1 MinuteThe National Program to Support Project Management, Operation and Maintenance in Public Entities (Mashroat) is planning to hire an information technology company to develop and operate a knowledge platform for facilities management, which will enrich Arabic content in the field of facilities management and contribute to raising public awareness and improving the technical competence of national cadres. Mashroat's program includes a number of departments under the Facilities and Assets Sector, including... Read more

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