Month: March 2022

Surveys... Real estate professionals tell “Amlak”... The rental index will serve as a reliable benchmark for stabilizing property rental rates

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_8-9 Real Estate Index Survey

Reading time: 4 MinutesM. Hamid bin Hamri: The competition for real estate is what drives up prices. Omar Al-Kindi: Everything in the real estate sector has become clear and transparent to everyone, under government oversight. Hassan Al-Amoudi: The rental index serves as a reference for landlords in evaluating properties... and will serve as an alternative for tenants Khalid Al-Duwayan: The new platforms will increase transparency and improve the real estate environment for landlords, tenants, and buyers Eng. Anas Al-Rashoud: There is no … Read more

Organized by Itqan and Al Dal Real Estate Alliance “Jewel of Abhar” auction achieves more than 859 million riyals in its first phase

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3 - Declaring the mastery of the Jewel of Bahar

Reading time: < 1 MinuteWith more than 2,000 investors and residents in attendance, the consortium of Itqan Real Estate and Al-Dal Real Estate Services successfully sold half of the Jawhara Abhur project, located in North Abhur in the city of Jeddah, through a public auction as the first phase, achieving sales of more than 859 million riyals. To ensure the auction’s success, remote bidding technology was utilized via Zoom, with a live connection to the company’s headquarters in … Read more

Articles... Sami Abdulaziz writes about the responsibilities of the board of directors and the basic requirements for members

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Sami Abdulaziz - Real Estate Articles

Reading time: < 1 MinuteSenior management is the most critical element of success in the administrative system of any company or institution, as the administrative structure consists of a set of components that contribute to organizing work and assigning roles to specialists in order to achieve the established goals. The management structure in joint-stock companies consists of a board of directors comprising a chairman and members, followed by a chief executive officer and department heads. The articles of association of joint-stock companies specify the number … Read more

The Ministry of Municipality and Housing concludes its participation in the International Real Estate Exhibition in France

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Real Estate Show in France

Reading time: 2 MinutesThe Ministry of Municipal, Rural Affairs, and Housing’s participation in the “MIPIM 2022” international real estate exhibition in Cannes, France, underscored that the Ministry’s efforts to ensure the sustainable development of the real estate sector have resulted in the provision of incentives to real estate developers, and to enable them to build 150,000 housing units of various sizes and designs to meet the needs of Saudi families, as well as to use modern construction methods in 60% of the residential projects it oversees … Read more

Amlak Articles... Editor-in-Chief Abdulaziz Al-Issa writes: Rental Index The mirror of the real estate sector

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Reading time: < 1 MinuteCombating the chaos and confusion that have plagued the real estate sector requires a comprehensive strategy to rectify the sector’s conditions; to curb these distortions, strong determination and insightful thinking are essential to address the root causes of the problem. With these concepts in mind, the relevant government agencies have sought to leverage real estate experience to develop effective and sustainable solutions that make extensive use of technology to create a flawless real estate environment… Read more

Under the slogan “Restore – Innovate – Renew,” Crown Prince Mohammed bin Salman sponsors the Global Entrepreneurship Conference

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Mohammed bin Salman Eighth Anniversary of the Pledge of Allegiance

Reading time: < 1 MinuteUnder the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense – may God protect him – the World Entrepreneurship Conference will take place from March 27 to 30 at the King Abdulaziz International Conference Center in Riyadh, under the theme “Restart – Innovate – Renew.” The conference’s events include more than … Read more

Approval to amend the organization of the Public Authority for Real Estate. Replacing the definition of governor with chief executive officer

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Public Authority for Real Estate

Reading time: < 1 MinuteThe Council of Ministers approved the amendment to the regulations of the General Real Estate Authority, issued by Council of Ministers Decision No. (239) dated 25 April 1438 AH, and amended by Cabinet Decision No. (69) dated 23/1/1443 AH, as follows: First: Replace the definition of “Governor: Governor of the Authority” in Article (1) with the definition of “Chief Executive Officer: Chief Executive Officer of the Authority.” Second: Amend subparagraph (a) of paragraph … Read more

16,000 families have moved into their homes... 637,000 certificates exempting first-time homebuyers from real estate transaction tax have been issued

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Reading time: < 1 MinuteA report by the “Sakani” program released this March revealed that 637,549 certificates exempting first-time homebuyers from real estate transaction tax had been issued from the program’s inception through the end of last February, The report also showed an increase in the number of Saudi families benefiting from the various housing and financing options and solutions that “Sakani” provides electronically to its beneficiaries through its website and app. The report indicated that 11,704 families benefited during … Read more

Organized by the “Itqan and Al-Dal” Consortium… The “Jawhara Abhar” project auction raises 860 million riyals in its first phase

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Itqan Auction

Reading time: 2 MinutesWith more than 2,000 investors and residents in attendance, the consortium of Itqan Real Estate and Al-Dal Real Estate Services successfully sold half of the Jawhara Abhur project, located in North Abhur in the city of Jeddah, through a public auction as the first phase, achieving sales of nearly 860 million riyals. To ensure the auction’s success, remote bidding technology was employed via Zoom, with a live connection to the company’s headquarters in the city of … Read more

The Enforcement and Liquidation Center “Enfaz” is offering 20 properties in 5 public auctions

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Real estate auctions

Reading time: < 1 MinuteThe Enforcement and Liquidation Center (Enfaaz) has announced five public auctions featuring real estate properties in cities and provinces across various regions of the Kingdom, to be held from March 20 to 23, 2022. The auctions will feature 20 properties, including commercial and residential land, villas, and buildings covering an area of 180,000 square meters. The auctions will begin with the “Opportunities in Mecca 2” online auction, featuring a unique real estate opportunity, followed by an auction… Read more

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