Month: October 2022

Amlak Articles... Sami Abdulaziz writes about: Human Resources Management

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Sami Abdulaziz - Real Estate Articles

Reading time: 2 MinutesHuman Resources Management by Sami Abdulaziz: The human element remains the most important and valuable asset of organizations and companies; therefore, employees must be selected with care, and great attention must be paid to hiring individuals with the appropriate academic qualifications and personal skills. Employees and workers in the company are referred to as "human resources." For a company to achieve the highest level of performance and quality of work, there must be a human resources department responsible for … Read more

“Ihkam clarifies the documents needed to own real estate

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Ehkam Platform - Real Estate Applications

Reading time: < 1 MinuteThe General Secretariat of the Committees for Reviewing Real Estate Ownership Applications (“Ihkam”) has clarified the types of documents and records required for real estate ownership applications. “Ihkam” published on its website that the documents include: 1- Judgments, decisions, and instruments issued by courts and notaries public that establish possession of the property without proving ownership, including deeds of sale. 2- Deeds certifying the existence of ruins and deeds of dispute. 3- Deeds of reconciliation, … Read more

3.1 billion riyals worth of real estate transactions last week

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Real Estate Brokerage Compliance

Reading time: < 1 MinuteThe total value of real estate transactions last week fell by 5.7%, compared to the record decline of 50.7% during the previous week. The total value of transactions stabilized at the end of the week at 3.1 billion riyals. The biggest factor contributing to the decline in real estate activity last week was the slowdown in the commercial sector, which recorded a record drop for the second consecutive week, reaching … Read more

Crown Prince Unveils National Industrial Strategy

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Mohammed bin Salman Eighth Anniversary of the Pledge of Allegiance

Reading time: < 1 MinutePrince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs, the National Industrial Strategy, which aims to create an industrial economy that attracts investment and contributes to economic diversification, as well as the growth of GDP and non-oil exports, in line with the objectives of Saudi Vision 2030. The Crown Prince said: “We have all the potential to achieve an economy … Read more

“White Lands” issues invoices for the sixth session of the first phase in Makkah

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White land

Reading time: < 1 MinuteThe “White Lands” program has issued bills for the sixth cycle of the first phase in Makkah for the year 1444/1445 AH, calling on the owners of the relevant lands to either develop their properties or pay the fees within one year from the date the decision was issued. Penalties of up to 100% The program clarified that failure to pay within the specified period will result in a penalty of up to 100% of the fee amount, in addition to … Read more

50 national food companies to participate in SIAL Paris 2022

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Reading time: < 1 MinuteWith 50 national companies from the food sector participating, the Saudi Export Development Authority “Saudi Exports” under the banner “Saudi Industry” at the SIAL 2022 exhibition in Paris, which took place from October 15–19, 2022. Through its pavilion, the Authority showcased various Saudi food products and highlighted their quality. “Saudi Exports” participation in the exhibition is part of its key role in promoting … Read more

Rising residential land prices push up the general real estate price index

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Riyadh - Business - Localization of real estate activities and professions

Reading time: < 1 MinuteThe periodic report published by the General Authority for Statistics revealed that the residential sector recorded a 2.5% increase during the third quarter of this year, driven by a rise in land prices of approximately 2.6%, on a year-over-year basis, which contributed to a 1.5% increase in Saudi Arabia’s overall real estate price index for the third quarter compared to the same quarter of 2021. According to the report, there was also an increase in … Read more

19,000 real estate units sorted during the third quarter of 2022

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Sorting real estate units

Reading time: < 1 MinuteThe number of real estate units processed during the third quarter of 2022 reached approximately 19,000, an increase of 88% compared to the same period in 2021, while the total number of units allocated since the program’s inception has exceeded 207,000. According to Engineer Muhannad Al-Aboud, director of the Real Estate Unit Allocation Program, Jeddah ranked first among the Kingdom’s cities, with the program allocating … Read more

Property Articles... Matar Al-Shammari writes: The most dangerous (9) points in real estate financing

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Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 MinuteThe 9 Most Important Points in Mortgage Financing by Matar Al-Shammari 1- Joint liability between two individuals. 2- Extending the loan term beyond retirement. 3- Mortgage refinancing. 4- Investing through mortgage financing. 5- Dealing with companies not licensed by the Central Bank. 6- Mortgaging a property to obtain financing equal to 90% of the property’s value. 7- Long-term financing terms, every … Read more

Amlak Articles... Dr. Mons Shujaa writes about: The Culture of Real Estate Financial Literacy

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Dr.. Mons Shujaa Real Estate Articles - Administrative Harmony

Reading time: < 1 MinuteThe Culture of Financial Literacy in Real Estate Dr.Mons Shujaa: Financial literacy, in general, refers to how individuals manage their money wisely and prudently, promote a culture of saving and spending that money wisely, and seek appropriate financing as needed. It also aims to help people avoid falling victim to financial fraud. People often seek to achieve financial stability for themselves and their families; therefore, a culture of financial literacy will help them … Read more

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