Month: October 2022

Jeddah Real Estate Restatex projects reveal the roadmap for the future of the sector

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8 Jeddah Restatics

Reading time: < 1 MinuteThe “Restatex Jeddah Real Estate Exhibition” concluded with great success last Thursday evening at the Jeddah Convention and Events Center, following its inauguration by His Excellency the Deputy Minister of Municipal, Rural Affairs, and Housing, Engineer Abdullah bin Mohammed Al-Badeer, who emphasized during the opening ceremony that the wise leadership has prioritized the development of the real estate sector in the Kingdom, as it is one of the pillars of the national economy, and that the Ministry has been keen to regulate it … Read more

Amlak Articles... Bakr Al-Murshidi writes: The dialectic of the real estate sector ... For how long?

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Bakr al-Marshadi

Reading time: 2 MinutesThe Real Estate Debate… How Long Will It Last? By Bakr Al-Murshedi Lately, we have been hearing a great deal about the significant rise in real estate prices, as this topic has become a hot topic of conversation across social media and other community forums of all stripes. And if you listen closely, you’ll find that these conversations in social gatherings—all or most of them—are about real estate, as well as rising rents, which are a key factor in… Read more

“Jeddah Real Estate Restatex” addresses immediate entitlement, real estate brokerage, valuation and the impact of Ejar network

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Workshops - Day 2 3Restatex Jeddah 2022

Reading time: 4 Minutes  During its workshops held on Tuesday, the “Restatex Jeddah Real Estate Exhibition” discussed immediate entitlement and the real estate development mechanism; real estate brokerage, its ethics, and the regulatory and legal responsibilities of brokers; and the impact of the rental network on the real estate rental market. Immediate Entitlement and Real Estate Development Mechanisms The first workshop was titled “The Journey to Homeownership,” and was attended by the Deputy Minister of Municipal, Rural Affairs, and Housing for Empowering Beneficiaries … Read more

“Municipality and Housing” gives “gas” shops 60 days to implement its updated regulations

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City Service Provider Classification Regulation

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs, and Housing has given investors who own liquefied petroleum gas (LPG) cylinder retail outlets 60 days to rectify their situations, as the deadline for complying with the updated regulations expires on May 15,1444 AH, after which the updated regulations will take effect. Among the most notable provisions in the updated executive regulations is the requirement to display a sign listing the prices of gas cylinders by type and size, as well as to … Read more

“Etqan Real Estate and Bank Albilad agree on real estate financing and support real estate marketing initiatives

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Mastery with Bank Albilad

Reading time: < 1 MinuteOn Monday, Itqan Real Estate signed a memorandum of cooperation with Al-Bilad Bank with the aim of supporting real estate financing, the company’s initiatives, and its current and future plans for the real estate marketing sector, as well as supporting the real estate investment projects the company offers in various regions and provinces of the Kingdom, in addition to promoting real estate marketing initiatives and supporting the housing sector in line with the Kingdom’s Vision 2030. It came … Read more

229 businesses benefit from the benefits of the “Priority” Certified Economic Operator Program”

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Zakat, Tax and Income Tax Authority - Exemption from financial penalties

Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority revealed that 229 commercial establishments are benefiting from the advantages of the “Priority” program for Saudi Authorized Economic Operators, most notably by benefiting from a fast-track lane at customs ports and priority in all customs procedures, with the option to clear shipments before paying the applicable fees, in addition to the assignment of a dedicated account manager from the Authority to streamline communication and provide necessary support, and to benefit from … Read more

“Rental Index”: 24 neighborhoods in Riyadh record a drop in average rental values in September

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Riyadh City - Investment - Tourism - Real Estate - Real Estate Offices - Real Estate Investment

Reading time: 2 MinutesThe rental index on the Sakani platform recorded a decline in average rental rates for residential apartments in 24 neighborhoods in Riyadh, ranging from 1% to 46% for rental transactions in September, compared to rental transactions in August. Among the 66 neighborhoods that recorded 200 or more rental transactions for residential apartments, more than 38 … Read more

Engineer Abdullah Al-Badeer: Real estate development companies have distinguished themselves through clear project timelines and rapid completion

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Restatex Jeddah

Reading time: < 1 MinuteHis Excellency Engineer Abdullah Al-Badeer, Deputy Minister of Municipal, Rural Affairs, and Housing, emphasized during the inauguration of the Restatex Jeddah Real Estate Exhibition that real estate development companies have distinguished themselves through clear project timelines and rapid completion, and superior quality. As this transformation is still in its early stages and faces a number of challenges, the Ministry has taken the initiative to become the primary enabler for real estate developers by creating a harmonious ecosystem where all components support one another. To this end, it launched the “Program … Read more

Deputy Minister of Municipal and Housing Affairs Inaugurates the “Restatex Jeddah Real Estate Exhibition”

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Opening of the Restatex Jeddah Exhibition

Reading time: < 1 Minute  His Excellency the Deputy Minister of Municipal, Rural Affairs, and Housing, Engineer Abdullah bin Mohammed Al-Badeer, launched the – yesterday evening – the events of the “Restatex Jeddah Real Estate Exhibition” in its new edition for the year 2022, under the patronage of His Excellency the Minister of Municipal, Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail. Engineer Al-Badeer delivered a speech during the ceremony, in which he emphasized that … Read more

The General Desalination Corporation Announces the Initiation of Procedures to Expropriate Properties Along the Pipeline Route

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Public Water Desalination Corporation

Reading time: < 1 Minute    The Saline Water Conversion Corporation announced the commencement of procedures to expropriate properties located within the scope of the 380 kV overhead line project for the electrical substation at Al-Million Station in Jubail, in the Eastern Province. The Authority has instructed property owners to visit its office in Riyadh and bring the following documents: a written request for expropriation and compensation including contact information, and a copy of their ID… Read more

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