Month: September 2023

Reading time: < 1 MinuteThe Umm Al-Qura newspaper published in its issue issued yesterday, the conditions and requirements for qualifying engineering consultants for off-plan real estate projects in the Kingdom. According to the official Umm Al-Qura newspaper, the conditions included that engineering supervision on off-plan sales or leasing projects is not allowed until after obtaining a qualification certificate from the committee. The most prominent conditions and requirements ... Read more

Reading time: < 1 MinuteStatistical data revealed that the number of execution requests to evict properties from tenants registered in the “Unified Rent” contract amounted to 24,320 requests since the beginning of 2023, with the Riyadh region accounting for 36.5% of the total execution requests with 8,840 requests. The number of requests in the Makkah region amounted to 7707 requests, then the Eastern Province 3764, Madinah 1259 requests since the beginning of this year, ... Read more

Reading time: < 1 MinuteThe Saudi Commission for Engineers continues to organize its engineering and professional forums in various regions of the Kingdom, which comes out of its keenness to improve services and raise performance rates through direct and continuous communication with the owners of engineering offices and companies and their employees, as part of the Commission's plan for periodic communication with the sector and workers in the building and construction sector. The Secretary-General of the Authority, Vice Chairman of the Committee ... Read more

Reading time: < 1 MinuteIn its third regular session of the fourth year of the eighth session, held today, the Shura Council called on the Real Estate Development Fund to study the possibility of increasing the amount of the non-refundable amount paid by the Fund to the citizen to own his first home. The Shura Council also called on the Fund to study allowing real estate developers with relatively large financial solvency to sell real estate units with suitable and comfortable installments; to enable citizens ... Read more

Reading time: < 1 MinuteThe Ministry of Justice has made available the service of updating sukuk electronically around the clock through the real estate exchange, to join a wide range of innovative services that aim to develop and improve the transactions and services of the real estate sector. The Ministry of Justice explained that the period of completion of the Sukuk update request does not exceed 10 days, and the service can be availed by accessing the real estate exchange srem.moj.gov.sa, then selecting the service ... Read more