Month: July 2022

Rules and procedures for licensed real estate developers to recover VAT

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VAT Payment - Real Estate

Reading time: 5 MinutesEmlak Real Estate Newspaper publishes details of the rules and procedures for licensed real estate developers as persons eligible to recover VAT, which were issued by the decision of the Board of Directors of the Zakat, Tax and Customs Authority, and took into account the rules that changed the tax. First: A licensed real estate developer who takes one of the following legal forms (an individual institution under a commercial register - a real estate investment fund - a foundation or a cooperative association - ... Read more

Amlak Articles Sami Abdulaziz writes in his Executive Corner about: Sales Management

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Sami Abdulaziz - Real Estate Articles

Reading time: < 1 MinuteMany specialists consider that the sales department in any company is the main artery through which money and profits flow that help in the growth of the company and its continued progress over competitors, so the sales process must be managed professionally by applying all systems and plans, as the financial results and profits of the company are the result of the performance of the sales department and its members, and therefore ... Read more

360,000 real estate deeds transferred to the comprehensive electronic system

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Ministry of Justice Courts - Real Estate Deeds - Commercial Cases - Real Estate

Reading time: < 1 MinuteThe Ministry of Justice announced that the number of old manual sukuk that were updated to the comprehensive system “electronic sukuk” amounted to 359.79 thousand real estate instruments since the beginning of the current Hijri year until now, at a rate of approximately 1186 instruments per day, and the residential sector accounted for about 75% of these instruments, which occurred to the comprehensive system. According to data issued by the Ministry of Justice, ... Read more

Government agencies can lease property through a lease-to-own system

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State real estate system

Reading time: 2 MinutesThe General Authority for State Real Estate (GASRE) has revealed that the State Real Estate Leasing System allows the government entity to complete the contract through the lease-to-own method after obtaining the approval of the Authority and the Ministry of Finance. The Authority pointed out that the system has flexibility in determining the duration of lease contracts, which can be renewable for up to five years, and up to 25 years, provided the approval of ... Read more

Property Articles... M. Laith Al-Shibl writes about: Concrete Construction Quality Responsibilities

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M. Laith al-Shibl

Reading time: < 1 MinuteTo maintain the quality of construction work, responsibilities also fall on concrete companies, as there must be conditions that must be met to disburse the required quantities to customers within the real estate market, when receiving requests for concrete quantities must be disbursed according to the type of request allocated to it within the site with a realistic photo of the site specifying the required. As well as the supervisor of pouring works inside the ... Read more

Articles of property... Khaled Al-Daraa writes: Word Of Mouth Marketing

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Khalid Al-Daraa - Real Estate Investment

Reading time: < 1 Minute  The idea of word-of-mouth marketing is that satisfied customers share their good experiences and praise for a product or service through social media or through their immediate surroundings (family/friends/co-workers), which forms a large and noticeable demand to buy a specific product or request a specific service without hesitation, so the center and pillar of word-of-mouth marketing is the satisfied customer. Nielsen's Global published a report ... Read more

Authorized by the Council of Ministers. The State Real Estate Leasing Law unifies the organizational, supervisory and oversight authority for state real estate

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Cabinet of Ministers

Reading time: < 1 MinuteMohammed Al-Jadaan, Minister of Finance and Chairman of the Board of Directors of the Public Authority for State Real Estate, thanked the Custodian of the Two Holy Mosques and the Crown Prince on the occasion of the Cabinet's approval of the State Real Estate Leasing System. Al-Jadaan stressed that the system represents a qualitative leap in controlling the governance and transparency of government procedures, as it contributes to unifying the organizational, supervisory and regulatory reference for state real estate, including real estate leasing operations ... Read more

Property Articles... Architect Hisham Alqasem writes about: Restoration of the property

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Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

Reading time: < 1 MinuteWhen should I start renovating the house? Is it after years, or with many malfunctions? A question that often comes to the minds of real estate residents, as the house is one of the most important things a person owns, once years pass after owning and living in the dream house, costly defects and malfunctions begin to appear. This is why it is important to inspect the property periodically every year to know what ... Read more

Real Estate Articles Real estate consultant Matar Al-Shammari writes: How to avoid defaulting on real estate financing

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Rain-Shammari

Reading time: < 1 Minute1- Don't exaggerate the amount of your mortgage. 2- Get rid of your obligations before taking a mortgage. 3- It is best to have additional income. 4- Do not rely on allowances that are not fixed in the salary. 5- Do not rely on investment apartments in real estate. 6- Buy the property according to your ability and financial ability. 7- Do not pay off the debt ... Read more

Amlak Articles... Dr. Mons Shujaa writes: Using Artificial Intelligence in Real Estate Finance

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Dr.. Mons Shujaa Real Estate Articles - Administrative Harmony

Reading time: < 1 MinuteThe use of artificial intelligence has become a fundamental and effective point of progress and transformation, but before that we will review the concept of artificial intelligence (AI), which refers to those computer systems and devices that mimic the human intelligence system in thinking and learning, as well as Deep Learning AI is used to help customers looking for real estate financing as well as personal (consumer) financing ... Read more

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