Month: August 2023

Real Estate Articles Real Estate Articles Who is blowing up the real estate balloon?

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Al-Aboudi bin Abdullah Real Estate Broker Day

Reading time: < 1 MinuteReal Estate Articles Real Estate Articles Who blows up the real estate balloon? Al-Aboudi bin Abdullah There are those who portray real estate as a balloon, and there are those who blow it up as it flies and its prices increase, and unfortunately there are those who believe it and repeat this perception and propagate it. Real estate and its prices, like any commodity, depend mainly on supply and demand, and the demand here is influenced by a number of factors such as: The economic growth of the country and the increase in the number of ... Read more

Real Estate Articles Real Estate Articles The Real Estate Registry is the pillar of the modern real estate renaissance

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Mohamed El Hassami - National Day 93 - Real Estate Articles

Reading time: 2 MinutesThe Real Estate Registry is the pillar of the modern real estate renaissance Mohammed Al-Hassami The Kingdom's Vision 2030 and its subsequent measures revealed the real estate sector's need for more organization, whether at the level of laws and regulations, or at the level of administrative and technical procedures, and even at the level of field and performance, as the real estate organization previously suffered from the existence of multiple real estate documentation systems in use in the Kingdom at the time, and the semi-dependence ... Read more

Real Estate Articles Real Estate Articles Investing Without Capital

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Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 MinuteReal Estate Articles Real Estate Articles Investment without capital Matar Al-Shammari Investment is made on two tracks: The first path: This path does not apply to those who have financial obligations and low salaries. You choose three channels to invest in and deduct an amount from your salary every month and invest it in one of the channels ... Read more

12 articles in the regulation Majid Al-Hogail approves regulations for real estate auctions

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Regulation of real estate auctions

Reading time: 2 MinutesThe Minister of Municipal, Rural Affairs and Housing and Chairman of the Board of Directors of the Public Authority for Real Estate, Majid Al Haqeel, approved the regulations for real estate auctions as attached and completed the statutory procedures regarding them. The license requirements for practicing the real estate auction service stipulated five controls, namely linking the licensee's electronic real estate auction platform to the Authority's electronic platform, and pledging to ensure the safety of the operations carried out in the licensee's platform ... Read more

44.5 thousand real estate deeds were amended during the last Hijri year

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Real Estate - Ejar Platform

Reading time: < 1 MinuteData released by the Ministry of Justice revealed that the number of commercial and residential properties, whose data and content were amended through notaries, amounted to about 44.5 thousand real estate deeds during the last Hijri year, an increase of about 20 percent, compared to the same period last year. The Riyadh notaries topped the number of deed amendments with 32.7%, with 14526 real estate deeds, ... Read more

U.S. new home sales rise last month

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U.S. Real Estate - Home Sales

Reading time: < 1 MinuteSales of new U.S. single-family homes rose in July as a severe shortage of existing homes pushed buyers toward new units. New home sales rose 4.4 percent to a seasonally adjusted annualized level of 714,000 units last month, the Commerce Department said. June sales were revised downward to 684,000 from 697,000 units. Read more

Opening of the Industrial Business Accelerator and Incubator Program with the participation of 15 projects

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Opening of the Industrial Business Accelerator and Incubator Program

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources inaugurated yesterday the Industrial Business Accelerator and Incubator Program with the participation of 15 qualitative industrial projects for Saudi industrial pioneers, which lasts for more than 3 months, with the aim of empowering and supporting emerging industrial companies, overcoming the challenges they face, in addition to increasing the efficiency of small and medium-sized industrial projects. The Ministry of Industry and Mineral Resources' official spokesperson Jarrah bin Mohammed Al-Jarrah explained... Read more

Riyadh Municipality engages the community in addressing excavation and construction waste

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Building Compliance Certificate

Reading time: < 1 MinuteThe Riyadh Municipality revealed that it is taking vigorous steps and a deliberate methodology to address excavation and construction waste in the city with the involvement of the community, including deploying observers around the clock, receiving and processing reports, conducting random field tours, seizing violators, imposing fines and punishing them, intensifying the fencing of vacant lands, and linking landfill gates to a conveyor platform. It said that its steps give the community the opportunity to participate ... Read more

941 million riyals deposited in the accounts of beneficiaries of the housing program for August

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Residential program

Reading time: < 1 MinuteThe Real Estate Development Fund announced today the deposit of 941 million riyals in the accounts of the beneficiaries of the Residential Program from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for the month of August 2023, as part of the ongoing efforts to improve the ability of beneficiaries to afford housing costs, in order to achieve the objectives of the housing program - one of the programs of Saudi Vision 2030 -. 51.2 billion riyals total support, explained the CEO of the Fund ... Read more

Ministry of Municipal and Rural Affairs and Housing Updates Building Compliance Certification Guide

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs and Housing has issued an update to the Building Compliance Certificate Guide, a document issued free of charge to building owners and usufruct owners, proving that buildings are compliant and free of visual distortion. When to apply for the Building Compliance Certificate The ministry said that the start of applying for the Building Compliance Certificate will be on September 15, through the Baladi application. ... Read more

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