Reading time: < 1 MinuteMinistry of Finance boosts communication with businessmen and investors by launching a page for the tender system
Reading time: < 1 MinuteRiyadh tops the list of foreclosure requests Makkah is second
Reading time: < 1 MinuteThe General Real Estate Authority renews its warnings against dealing with unlicensed brokers
Reading time: < 1 MinuteThe General Authority for State Properties (GASP) announced the launch of three leasing opportunities through the “Entifaa” platform, in each of the regions of Riyadh, Tabuk, and Asir, with various areas and technical conditions according to each opportunity, in application of the procedures contained in the State Real Estate Leasing Law, Article 8, which stipulates that the Authority announces through its digital portal (Entifaa) the desire to lease real estate for the benefit of government agencies. ... Read more
Reading time: < 1 MinuteThe Secretary-General of the Cooperation Council for the Arab States of the Gulf, Jassim Mohammed Al Badiwi, revealed that the number of licenses granted to GCC citizens practicing economic activities in other GCC countries reached more than 60,000 licenses, and the total number of beneficiaries of real estate ownership decisions reached about 162,000 cases of ownership. In the field of stock trading, the number of shareholders from GCC nationals reached ... Read more
Reading time: < 1 MinuteThe Saudi Industrial Cities and Technology Zones Authority (MODON) has launched new financing solutions in partnership with the private sector to improve access to finance for entrepreneurs and small and medium-sized enterprises (SMEs), creating jobs and sustainable economic growth. This came within the framework of the signing of a memorandum of understanding to provide dynamic, competitive, and inclusive financing solutions that are favorable to the promotion of ... Read more
Reading time: < 1 MinuteThe Assignment and Liquidation Center “Enforcement” announced the holding of 9 public auctions between May 28 and 31, 2023, ranging from in-person and electronic auctions to sell and liquidate 438 properties ranging from residential, commercial, agricultural and industrial, located in 6 different regions in the Kingdom.
Reading time: 2 MinutesThe CEO of the Real Estate Development Fund, Mansour bin Madi, explained that 72% of the total value of real estate financing contracts in the Kingdom during the period from the first quarter of 2017 until the end of the first quarter of this year, were supported through various housing support programs. During his participation in the fourth edition of the Housing and Real Estate Finance Conference “Euromoney” held in Riyadh, under the slogan ... Read more
Reading time: < 1 MinuteThe Real Estate Development Fund yesterday deposited more than 940 million riyals in the accounts of “Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for the month of May 2023, as part of its continuous efforts to support beneficiaries, to achieve the objectives of the housing program - one of the programs of the Kingdom's Vision 2030 -. The Fund's CEO, Mansour bin Madi, said that the total support for May ... Read more
Reading time: < 1 MinuteWhat are the requirements for transferring a mortgage loan application to a completed building with the guarantor system? The Mortgage Finance Guarantee Program, one of the initiatives of the Real Estate Development Fund, has set 7 conditions and requirements for transferring a loan application to a completed building with the guarantor system, the conditions are as follows: The loan applicant must have been approved. The building must be free of structural defects and fully completed... Read more
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