Month: September 2022

Amlak Articles—Khalid Al-Daraa writes: The New Tourism System and Driving the Sector Forward

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Khalid Al-Daraa - Real Estate Investment

Reading time: < 1 MinuteThe Council of Ministers has approved the Kingdom’s new tourism law, which is part of a series of improvements and developments to the regulatory and legislative framework for the tourism sector, aimed at fostering its development and growth, thereby contributing to the development of national tourism and attracting investment to this sector. In this article, I will discuss an important and integral component of tourism—the lodging sector—and what the regulations entail for this sector, in which some investors are facing difficulties… Read more

Amlak Articles... Dr. Mons Shujaa writes: Long-term financing is the best solution for real estate ownership

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Dr.. Mons Shujaa Real Estate Articles - Administrative Harmony

Reading time: < 1 MinuteMany people strive to achieve the goal of owning a home for themselves and their families and securing the long-term stability and comfort that comes with it, Since achieving this goal requires a relatively large amount of money, one of the best solutions is to obtain long-term financing from banks and financial institutions! Long-term financing (Long … Read more

Hisham al-Qasim writes: Artificial coincidence

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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 MinuteWe are currently witnessing a major shift in the process of image creation. The recent and rapid growth of machine learning and artificial intelligence raises questions about how creative processes are evolving and developing through technology. Systems such as DALL-E, DALL-E 2, and Midjourney are AI programs capable of generating images from text descriptions, using a dataset that pairs text with images. The diverse collection includes … Read more

Ministerial Confirmation of the Delivery of 30,000 Housing Units to Saudi Families in 2022

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Inquire about housing entitlement with ID number

Reading time: < 1 MinuteAbdulrahman Al-Tawil, Undersecretary of the Ministry of Municipal, Rural Affairs, and Housing for Stimulating Housing Supply and Real Estate Development, confirmed that the housing program aims to deliver approximately 30,000 housing units to Saudi families in the coming period and before the end of the current year, 2022, noting that the program continues to deliver housing units on a daily basis in various regions of the Kingdom. Completion of the remaining projects: Al-Tawil confirmed that there are projects … Read more

Residential program delivers 2414 housing units to beneficiaries in 5 cities

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11 residential programs deliver housing units

Reading time: < 1 MinuteThe Housing Program has delivered 2,414 housing units to beneficiaries across five projects throughout the Kingdom, implemented in partnership with real estate developers, as a result of effective collaboration with the private sector through the Partnerships Program, which aims to provide diverse housing solutions and products that meet citizens’ needs at competitive, subsidized prices, in an effort to achieve the objectives of the Housing Program—one of the programs under the Kingdom’s Vision 2030 … Read more

Real estate sector profits decline 216.8 billion riyals profits of the ten largest companies in the stock market

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12 Stock Market and Company Index

Reading time: < 1 MinuteRiyadh—Mohammed Jamos: Companies listed on the Saudi stock market reported second-quarter earnings of 230.4 billion riyals for the period, compared to approximately 135.8 billion riyals in the same period last year—an increase of 94.6 billion riyals (an increase of 70%), according to economic reports. The ten largest companies on the Saudi stock market posted profits totaling 216.8 … Read more

In-kind registration system begins in Riyadh as part of the gradual implementation of the system between cities

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Riyadh city

Reading time: < 1 MinuteThe General Real Estate Authority announced that the implementation of the real estate registration system will begin in Riyadh, as part of the phased rollout of the system across the cities targeted during the first phase. Tariq Al-Hafzi, the Authority’s Deputy CEO, stated that a number of mechanisms and criteria were established to identify the target cities, based on the availability of existing data, such as land-use plans, property ownership records, and geospatial data. The Authority’s Deputy CEO explained, … Read more

Amlak Articles... Editor-in-Chief Writes: Real Estate Appraisal... A Moral Responsibility

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Reading time: < 1 MinuteThe Saudi Authority for Certified Appraisers defines real estate appraisal as the art and science of estimating the value of real property rights for a specific asset, for a specific purpose, at a specific time, and for specific users, taking into account all the characteristics and features of the property being appraised, as well as all fundamental economic factors of the market. This includes all interests, rights, and obligations related to real estate ownership, along with all permanent improvements and appurtenances attached to the property… Read more

Real Estate Appraisal File (2)... Academic qualification, integrity and experience are the most important weapons of the real estate appraiser

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9 Real Estate Valuation

Reading time: < 1 MinuteMr. Walid Al-Jasser: Taking economic and geographic factors into account is important in real estate appraisal. Mr. Raed Al-Omaira: Real estate appraisal aims to ensure the satisfaction of both the seller and the buyer. Al-Jasser: Taking market indicators into account. Walid Al-Jasser agrees – Real Estate Marketer – Summarizes the remarks of Al-Bakr and Al-Namla, and emphasizes the need for appraisers to gain practical experience in the real estate industry to acquire the expertise required for appraisal, while taking economic and geographic factors into account … Read more

The real estate appraisal file Academic qualification, integrity, experience and training are the most important weapons of the real estate appraiser

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8 - Real estate valuation file

Reading time: 2 MinutesDr. Nada Al-Bakr: Real estate appraisal influences the determination of a property’s fair market value by at least 95%. Mr. Walid Al-Namla: A real estate appraiser must demonstrate accuracy, credibility, and a sense of responsibility. Ms. Ghada Al-Hakami: Comparison with similar properties is the most appropriate type of appraisal ============== Real estate appraisal is one of the methods used to assess and determine a property’s market value, and this process is carried out in several steps … Read more

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