Reading time: < 1 MinuteThe Public Investment Fund's gains in the stock market have mostly been strong in the first half of this year, with market gains in some of them exceeding 50%, driven by the financial results of those companies and the rise of newly listed stocks.
Reading time: < 1 MinuteThe Saudi Central Bank (SAMA) announced that it has granted a license to the Saudi Housing Guarantee Services Company (“Damanat”), a company owned by the Real Estate Development Fund; and specializes in insurance activities in the “general insurance“ and “protection and savings insurance” sectors. This initiative is in line with the objectives of the Cooperative Insurance Companies Supervision System and the Saudi Central Bank’s regulations, consistent with the Central Bank’s regulatory and supervisory role in promoting financial stability, … Read more
Reading time: 2 MinutesThe Umm al-Qura newspaper published, the day before yesterday, a decision to amend the regulations governing their purchase or lease
Reading time: < 1 MinuteThe Chairman of the Board of Directors of the Saudi Housing Guarantee Company “Damanat,” Mansour bin Madi, CEO of the Real Estate Development Fund, stated that the establishment of “Damanat” with a capital of 18 billion riyals comes as part of the wise leadership’s commitment to facilitating home ownership for citizens. Damanat Mortgage Finance attributed the granting of an operating license to “Damanat”—a company wholly owned by the Real Estate Development Fund—by the bank … Read more
Reading time: < 1 MinuteThe Real Estate Developer Qualification Certificate service allows real estate development companies to apply for real estate qualification for off-plan projects, and the Center liaises with the Off-Plan Sales and Leasing Committee (WAFI) until approval is issued and sent to the applicant. Steps to apply for the service: Log in. Select the service (Real Estate Developer Qualification Certificate). Create a new request. Upload the required documents. Submit … Read more
Reading time: < 1 MinuteData and reports have revealed that the number of electronic real estate deeds processed by the Ministry of Justice’s departments during the current Hijri year reached 190,700, marking the transition from paper-based deeds to the comprehensive “Electronic Deed” system.
Reading time: < 1 MinuteThe Ministry of Justice has launched a service for issuing “multiparty powers of attorney” through the Najiz portal, with the aim of making the process easier for users and saving them time and effort, without the need to visit a notary public.
Reading time: < 1 MinuteMore than 69,000 handwritten real estate deeds in Riyadh have been entered into the comprehensive system “Electronic Deed” system since the beginning of the current Hijri year, representing approximately 36.31% of the total number of old manual deeds that have been updated, amounting to about 190,700 real estate deeds.
Reading time: < 1 MinuteThrough its real estate regulatory framework, the General Real Estate Authority has created career opportunities in the real estate sector covering approximately 12 professions related to the real estate system. This framework includes the real estate brokerage system, the real estate registration system, and the system for the ownership and classification of real estate units. Each of these systems offers promising professions and career opportunities that contribute to enhancing the efficiency of the national workforce in the sector … Read more
Reading time: < 1 MinuteHouse prices in Australia rose at a slightly slower pace last June, though they remained strong in major cities. Prices in the leading Sydney market rose by 11.7% year-over-year and in Brisbane by 11.3% year-over-year, resulting in an increase of 11.2% year-over-year in Australia’s major cities, according to data from real estate consultancy “CoreLogic,” as reported by the agency … Read more
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