Month: February 2022

The return of real estate fairs Abdullah Al-Ateeq: Real estate deals will revive at fairs with the introduction of new areas

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9 Explore the return of real estate exhibitions - Al-Zahrani - Al-Aqeeq

Reading time: < 1 MinuteThe real estate expert Abdullah Nasser Al-Otaik confirmed that the march of the real estate sector in terms of supply and demand has been affected during the past two years by a number of factors, including the recovery of the residential units market, the trend of some areas for horizontal and vertical urban expansion, the limitation of the building area due to the economic situation of the individual, and the orientation of investors to commercial real estate to build model complexes to attract investors, and showed that inflation increased by monopolizing ... Read more

Ibrahim Al-Zahrani: Real estate fairs have a big impact on price indicators

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9 Explore the return of real estate exhibitions - Al-Zahrani - Al-Aqeeq

Reading time: < 1 MinuteThe CEO of Global Real Estate Development Company, Mr. Ibrahim bin Mohammed Rizkallah Al-Zahrani, welcomed the return of real estate exhibitions, explaining that the march of the real estate sector in terms of supply and demand in the past two years encountered pressures and difficulties that affected its stability and stability, and there is even a clear decline in prices due to the abundant supply and lack of demand due to the spread of the Corona virus and some rumors from some ... Read more

State real estate recovers 10 million m2 of land not utilized by government agencies

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State real estate

Reading time: 2 MinutesThe market value of the recovered properties is estimated at one billion riyals The General Authority for State Properties recovered during 2021 a number of lands with areas of more than 10 million square meters that were not used by some government agencies, with an estimated market value of about one billion riyals, explaining that the recovered properties will be reallocated to meet the real estate needs of other government agencies. The Authority appreciated the great and effective cooperation of ... Read more

More than 19,000 households benefited from housing solutions 622,176 tax certificates issued

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Residential program

Reading time: < 1 MinuteThe Residential Program issued 622,176 real estate transaction tax certificates for the first home since the beginning of the program until the end of January, and the report issued by the program in February revealed that 19,353 families benefited during the month of January, including 18,890 families who lived in their homes, as part of the program's efforts to facilitate ownership and raise its percentage to 70% by 2030 ... Read more

Mazaya Silver offers 90 plots of land in Taif

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Jewel Auction - Taif

Reading time: < 1 MinuteMazaya Silver Company announced the launch of various real estate investment opportunities in Taif Governorate, by offering 90 commercial and residential plots of land in a plan in Al-Saddad neighborhood, under the supervision of the attribution and liquidation center, and the company has set the next Monday and Tuesday, March 7-8, at the Intercontinental Hotel in Taif, at 4:00 pm. Mazaya explained that the plan is characterized by its strategic location near the main road axes (Road ... Read more

Amendments to the Executive Regulations of the Real Estate Transaction Tax come into effect

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Real Estate Transaction Tax - Real Estate

Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority (ZTA) confirmed that the amendments to the executive regulations of the Real Estate Transaction Tax (RETT) came into effect as of yesterday, Friday, Rajab 17, 1443 AH, corresponding to February 18, 2022. The Authority stated that the most prominent aspect of the amendment decision is amending the degrees of relatives who are excluded from paying the tax in cases of documented gift, up to the third degree instead of the second degree ... Read more

Developing the contracting sector Various initiatives from 9 government entities and one strategic goal

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Construction contracting

Reading time: < 1 MinuteThe development of the contracting sector has been given great attention by the wise leadership due to the vital and effective role this sector plays in boosting the national economy and contributing to the localization of jobs. The Ministry explained that one of the most prominent aspects of the great interest in this sector is the issuance of the Royal Decree approving the formation of the Permanent Coordination Committee for the Development of the Contracting Sector, headed by His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. ... Read more

Riyadh to host the first Big 5 Construction Exhibition for the first time

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Big Five Gallery

Reading time: < 1 MinuteWith the participation of more than 400 companies, the 10th edition of The Big 5 Saudi 2022 will be held at the Riyadh International Convention and Exhibition Center from March 28 to 31. The exhibition, which is being hosted in Riyadh for the first time, coincides with a number of important exhibitions in the building and construction sector that ... Read more

Cabinet approves D360 Bank's digital bank

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King Salman Cabinet

Reading time: < 1 MinuteThe Council of Ministers, in its meeting yesterday, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, approved for Finance Minister Mohammed Al-Jadaan to issue the necessary license for D360 Bank - under establishment - in accordance with Article 3 of the Banking Control Law. According to SAMA's statement, D360 Bank is a local digital bank through an alliance of a number of ... Read more

Offering real estate solutions and innovative digital products Al Dal Real Estate Services inaugurates its headquarters in Riyadh's Itqan Real Estate Tower

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Dal Real Estate Company

Reading time: 2 MinutesRiyadh has witnessed the launch of Al Dal Real Estate Services, a company specialized in manufacturing reliable and secure digital solutions for the real estate market in the Kingdom of Saudi Arabia, in an alliance between Alam, a leading digital solutions provider, and Itqan Real Estate, a leading real estate marketing company. In details, the launch ceremony was held last Monday at the company's headquarters in “Etqan Tower” in the city of ... Read more

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