Month: October 2022

“Tafseeh” is preparing to sell 4 million square meters in Riyadh this October

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Liquidation of the Real Estate Contributions Committee

Reading time: < 1 MinuteThe Real Estate Contributions Committee “Tasfiya” announced that preparations are underway to sell 4 million square meters in Riyadh in October, and that payments to shareholders are expected to exceed 5 billion riyals before the end of 2022. It is worth noting that “Tasfiya” has so far recovered 15,375,935,855 riyals for shareholders and distributed payments to 46,000 shareholders. From the beginning of 2022 through last September, the committee had deposited funds into shareholders’ accounts … Read more

3,176 permits issued for collective housing for individuals... and 100 permits approved for private facilities

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Group housing for individuals

Reading time: 2 MinutesThe National Program for the Development of Collective Housing for Individuals reported an increase in the number of private-sector projects eligible for licensing to 100, up from the 60 targeted for 2021, A total of 3,176 properties were licensed as collective housing, providing housing for 547,463 residents—exceeding the 2021 target of 450,000 residents— while the employment capacity was increased from … Read more

Amlak Articles Sami Abdulaziz writes in his CEO series about: Public Relations Management

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Sami Abdulaziz - Real Estate Articles

Reading time: 2 MinutesPublic Relations Management: Public relations is a set of working relationships and economic and humanitarian interests; these relationships primarily fall within the social sciences, which focus on human behavior and the extent to which it is influenced by the social environment. Public Relations Management is responsible for shaping and enhancing the company’s public image and works to establish lines of communication between the company’s various departments and its internal audience. The internal audience refers to … Read more

“Ihkam: Real estate ownership applications to be completed before the end of November

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

Reading time: < 1 MinuteThe General Secretariat of the Committees for Reviewing Real Estate Ownership Applications (Ihkam) has called on applicants to promptly complete their applications before the deadline for submitting real estate ownership applications on May 5,1444 AH, corresponding to November 29, 2022 AD. During the review and verification phase, the General Secretariat of the Real Estate Ownership Application Review Committees (“Ihkam”) noted a number of observations regarding applications submitted through the “Ihkam” platform. These include: … Read more

International Evaluation Conference Concludes Today

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Evaluation conference

Reading time: < 1 MinuteToday marks the conclusion of the 12th International Valuation Conference, hosted by the Saudi Authority for Certified Valuers “TAQEEM” in Riyadh, in collaboration with the International Valuation Conference (IVC) Committee. This is the first time the conference has been held in the Middle East and the Arab world, under the patronage of Minister of Finance and Chairman of the Authority’s Board of Directors Mohammed bin Abdullah Al-Jadaan. The three-day conference featured a panel discussion … Read more

Amlak Articles... Matar Al-Shammari writes: A plan to help you buy a residential property

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Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 MinuteA Plan to Help You Buy a Residential Property Matar Al-Shammari Buying a property through subsidized mortgage financing is one of the most difficult and risky decisions a borrower can make, and the reason is (the long financing term, high payroll deductions [65%], and high interest rates), Therefore, before deciding to purchase residential property, everyone should develop a property purchase plan as follows: 1- Be prepared and ready to buy … Read more

Real Estate Articles... Majid Al-Otaibi writes: Has the Crisis of Thought in Housing Come to an End?

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Majid Al-Otaibi

Reading time: < 1 MinuteHas the “crisis of mindset” regarding housing come to an end? Majid Al-Otaibi, Minister of Housing, previously stated that our problem is not a housing crisis, but rather a crisis of mindset, noting that the culture of housing is too broad for people to view it merely as land, a dwelling, or a home. Therefore, Minister Majid Al-Hogail sought housing solutions based on a new way of thinking and a different perspective, focusing on … Read more

Real Estate Articles... Mons Shujaa Writes: Real Estate Expos as an International Showcase

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Dr.. Mons Shujaa Real Estate Articles - Administrative Harmony

Reading time: < 1 MinuteReal Estate Exhibitions: An International Platform Dr.Mons Shujaa Real estate exhibitions and conferences are one component of what is known as the marketing mix, through which companies seek to establish direct communication with their target customers—either for marketing purposes, direct sales to them, or for brokers from agencies or partners. Such exhibitions—particularly international real estate exhibitions—often involve the conclusion of several deals and the signing of agreements … Read more

Real Estate Articles... Khalid Al-Daraa writes: Indirect Real Estate Investment

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Khalid Al-Daraa - Real Estate Investment

Reading time: < 1 MinuteIndirect Real Estate Investment by Khalid Al-Dara’ It is well known that real estate investment is a well-established and relatively safe form of investment compared to other types of investments. Investments can be categorized by type as follows: 1. Direct investments. 2. Indirect investments. In this article, we will focus on indirect investment, which takes three forms: – Investment in publicly traded real estate companies … Read more

Extension of the term for long-term mortgage financing to 30 years

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Mortgage Loans - Finance Companies

Reading time: < 1 MinuteThe Saudi Real Estate Refinancing Company—wholly owned by the Public Investment Fund—announced its initiative to extend the maturity period of long-term real estate financing by a fixed percentage, up to 30 years. In a statement released today, the company explained that the initiative is part of efforts to develop the secondary mortgage market in the Kingdom by providing the necessary flexibility and enabling mortgage lenders to offer solutions … Read more

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