Month: April 2023

Release of the Building Compliance Procedures Manual. 6 months to address violations

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs and Housing issued a "Building Compliance Certificate Procedures Guide," granting existing buildings a six-month grace period to comply with the guidelines. This aims to reduce visual pollution in commercial and residential buildings and enhance the urban landscape. The Ministry clarified that specific mechanisms have been established for obtaining the certificate, based on a number of requirements, and indicated that… Read more

State Real Estate Authority launches investment opportunity in Riyadh through Entifaat platform

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Real estate transfer

Reading time: < 1 MinuteThe General Authority for State Properties, through its “Intifaa” platform, has presented an investment opportunity to property owners in the Riyadh region to provide suitable properties to the Ministry of Investment. This initiative is in accordance with the procedures outlined in Article 8 of the State Property Leasing System, which stipulates that the General Authority for State Properties must announce, via its digital portal “Intifaa,” its desire to lease properties for the benefit of government entities. The Authority further explained… Read more

Germany's housing crisis worsens due to low supply and high demand

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Germany's housing crisis

Reading time: 2 MinutesThe German newspaper Bild revealed the worsening housing crisis in Germany and its repercussions on the lives of citizens and residents. In its report, the newspaper stated that German cities are facing a complex housing crisis characterized by a shortage of housing units in the face of inflated demand and a sudden surge in rental prices nationwide. The crisis has become evident in Leibniz Strasse in the district of… Read more

«Real Estate Fund» offers the service of updating the stages of «self-building» during Eid

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Real Estate Development Fund - Housing Subsidies

Reading time: < 1 MinuteThe Real Estate Development Fund confirmed its continued efforts to provide a building stage update service for beneficiaries of the self-build product during the Eid al-Fitr holiday, urging beneficiaries to utilize the electronic services easily and conveniently through the Fund's portal around the clock. The Fund stated that the building stage update service enables beneficiaries of the self-build product to update their data through the electronic portal… Read more

«Adil Arabian Real Estate and Better Properties unveil Al Deira»

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Deira scheme

Reading time: < 1 MinuteThe “Adel Arabia Real Estate” and ”Best Properties” alliance announced the auction of the “Al-Deera” master plan, a standard-specification development, on May 15th at the Sheraton Hotel in Dammam. Their joint efforts aim to highlight the advantages of this multi-purpose plan, which combines robust infrastructure with high-quality real estate planning that harmonizes with the area's natural features. Read more

28 thousand families have benefited from housing program options since the beginning of 2023

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Steps to apply for housing subsidy programs

Reading time: 2 MinutesThe Sakani program announced that 27,994 Saudi families have benefited from all the housing options and financing solutions it offers electronically to its beneficiaries through easy and convenient procedures since the beginning of the year until the end of March. Meanwhile, 29,793 families have moved into their new homes, as part of joint efforts to improve housing affordability and achieve the goals of the housing program. Read more

4 clever tricks to maximize the space of a small bathroom

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Small Home Bathroom

Reading time: < 1 MinuteMany people may not be happy with a small bathroom, as the limited space can make it difficult to find a place for towels, a sink, and at least a toilet. Therefore, we'll explore some clever tricks to help you make your small bathroom appear larger and utilize every corner effectively, according to the website housebeautiful.com. 1- Create space… Read more

5 tips to help you evaluate the price of real estate

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Real Estate Advertising Regulations

Reading time: < 1 MinuteThe process of appraising a property's price is crucial for protecting the buyer's money. Sellers always set a price for their property, but what if that price is inflated? This is where the importance of the buyer's evaluation of the price becomes apparent, and several factors influence this: 1- Property Location: Location is one of the most important factors to consider when appraising a property's price. This includes: address, neighborhood, area, etc. Read more

Statistics: General Real Estate Price Index Declines in the First Quarter of 2023

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Residential Sector - Real Estate Licensing

Reading time: 2 MinutesThe General Authority for Statistics revealed a decrease in the general real estate price index by 0.1% during the first quarter of 2023 compared to the fourth quarter of 2022. This decrease was influenced by a drop in residential sector prices by 0.2%, driven by declines in residential land prices (0.2%), apartment building prices (0.9%), villa prices (2.0%), and other prices. Read more

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