Month: August 2022

Sakani completes delivery of 112 residential units in Al Jawhara project in Riyadh

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Al Jawhara Buildings Riyadh

Reading time: < 1 MinuteThe Residential Program confirmed the delivery of 112 housing units in the Al-Jawhara buildings project in the city of Riyadh, after the completion of work and the completion of the delivery of services and infrastructure for the project, within the framework of the program's keenness to deliver units to beneficiaries as soon as they are completed, within the framework of the deliveries that “Residential” started last month in nine cities across the Kingdom, which included 21 residential projects ... Read more

Real Estate Fund deposits 40 billion riyals in the accounts of beneficiaries

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Real estate fund-min

Reading time: < 1 MinuteThe Real Estate Development Fund has deposited 868 million riyals in the accounts of “Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing for the month of August 2022. Mansour bin Madi, CEO of the Fund, explained that the total support for this month was allocated to support the profits of subsidized mortgage contracts, indicating that the total amount deposited in the accounts of residential beneficiaries since the announcement of the transformation program ... Read more

White Land Program: 21 neighborhoods in Riyadh account for 63% of the total areas of the second phase

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White Lands (2)

Reading time: < 1 MinuteWhite Land Program data showed that more than 16 million m2 of developed white lands that meet the criteria of the second phase of fees are located in 21 residential neighborhoods in the city of Riyadh, representing more than 63% of the total areas registered after issuing the invoices of the first cycle of the second phase in 100 neighborhoods in Riyadh. The program explained that ... Read more

Amlak Articles... Matar Al-Shammari writes: Tips before entering the investment field:

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Rain-Shammari

Reading time: < 1 MinuteTips before entering the investment field: 1- Research the investment opportunity. 2- The investment must be profitable and the return must be good. 3- Expect a loss rate in the investment. 4- Expect risk. 5- Anticipate the profit rate. 6- Don't hesitate too much. 7- Do not consult too much, you will lose investment opportunities. 8- Consult specialists in the same field as the investor. 9- Do not ... Read more

Receiving applications for government real estate needs electronically in September this year

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Public Authority for State Properties - «Lease System» contracts»

Reading time: < 1 MinuteThe Public Authority for State Real Estate has set September 1 of this year as the date for receiving requests from government agencies electronically regarding the provision of their real estate needs (buildings and land). The Authority confirmed that this step comes in response to the organization of the Authority issued by the Council of Ministers, which includes the development of an integrated electronic database with a geographic information system (GIS) for real estate ... Read more

Amlak Articles... Khaled Al-Daraa writes: The Malak program and the paradigm shift in the concept of shared ownership

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Khalid Al-Daraa - Real Estate Investment

Reading time: < 1 MinuteIn this article, I will talk about one of the programs of the Ministry of Housing (Malak Program), which is one of the programs offered by the Ministry of Housing based on the Real Estate Unit Ownership, Sorting and Management System issued by Royal Decree No. (M/85) dated 2-7-1441 AH, and the system replaces the Real Estate Unit Ownership and Sorting System issued by Royal Decree No. (M/5) dated 11-2-1423 AH, and repeals all provisions that contradict it. ... Read more

Articles of property... Sultan Hamad writes: Malacca is Malacca

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Sultan Hamad - Real Estate Initiatives

Reading time: < 1 MinuteLast week, there was a heated debate on Twitter about the news of the emergence of a real estate sale with the Ministry of Justice index for four residential plots of land in the Al Malqa neighborhood of the “Solidere” plan, which became a real estate event that spread like wildfire and was circulated by many accounts on social networking sites after one of the official channels referred to it under the title of ... Read more

Property Articles... Editor-in-Chief writes: Building Code... Brave experiment

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Reading time: < 1 MinuteSome believe that technical legislation on building safety will end with the application of the provisions of the Saudi Building Code; this is a misconception that does not depend on the strategic vision of the systems, and the farsightedness of analysts who build their theories and expectations from reality; therefore, we expect that after the actual application to all buildings, this courageous experiment will be subject to study and comprehensive evaluation; to evaluate, correct and modernize ... Read more

“Amlak surveys opinions (2)... Implementing the Saudi Building Code puts the real estate sector on the right track

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9 Saudi Building Code Survey

Reading time: 2 MinutesM. Abdulaziz Al-Dosari: Real estate insurers will not accept low-quality buildings. Alliances will be a solution for continuity: Raises the efficiency of the existing contractors in the market by entering new competitors qualified for the next stage. Mohammed Al-Mutairi: Ensuring quality for the consumer and expertise for the contractor ... and the rise in real estate prices is a necessary evil ===== Al-Dosari: New engineering ideas for buildings Engineer Abdulaziz ... Read more

“Amlak surveys opinions (1)... Implementing the Saudi Building Code puts the real estate sector on the right track

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8 Saudi Building Code Survey

Reading time: 2 MinutesM. Saber Muhammad: Code enforcement will weed out unqualified contractors The market will witness alliances between large and medium-sized companies === M. Mehidi Al-Dabab: The application of the code will produce strong contracting companies capable of keeping pace with the development of projects === Ms. Latifa Nasser: Goodbye to commercial fraud and ”cartoon villas.” And the demand will increase for buildings applied to the code with the entry of the new Hijri year 1444 AH, the phase began ... Read more

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