Month: September 2023

450,000 Real Estate Listings Violating Regulations Removed as Compliance Begins

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Public Authority for Real Estate - Real Estate Announcement

Reading time: < 1 Minute  Engineer Abdullah bin Saud Al-Hammad, CEO of the General Real Estate Authority, revealed that more than 450,000 real estate listings that violated regulations had been removed as part of the compliance initiative, explaining that 18 real estate platforms offering brokerage and marketing services have been licensed, in addition to the issuance of 20,000 real estate brokerage licenses to individuals and entities; he noted that the regulations have contributed to improving the quality … Read more

7 important requirements for the Saudi building code in the residential sector

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Saudi Building Code

Reading time: 2 Minutes  Riyadh—Abdulmohsen Al-Mana: The Saudi Building Code is defined as a set of specifications and requirements, along with the accompanying implementing regulations and appendices related to building and construction, designed to ensure public safety and health, in accordance with the regulations issued by the National Committee for the Saudi Building Code for the implementation of the Saudi Code for Residential Buildings on July 1, 2021. The code aims to ensure public safety and security and to establish limits … Read more

Social Development Bank supports the completion of housing units for social security families

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Social Development Bank

Reading time: < 1 MinuteThe Social Development Bank signed a cooperation agreement with the private housing development institution “Sakan” during the “Cityscape” International Real Estate Exhibition, in the presence of His Excellency the Minister of Human Resources and Social Development and Chairman of the Board of Directors of the Social Development Bank, Engineer Ahmed Suleiman Al-Rajhi, and His Excellency the Minister of Municipal, Rural, and Housing Affairs, Mr. Majid bin Abdullah Al-Hogail; with the aim of providing a pathway for the completion of housing units—one of the pathways … Read more

Real Estate Articles... Property Articles: The Stock Market... and the Smart Real Estate Agent

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Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

Reading time: 2 MinutesThe Real Estate Exchange… and the Smart Real Estate Broker Abdulaziz Al-Issa With the official launch of the Real Estate Exchange, real estate professionals have begun to take a more serious look at the performance, feasibility, and benefits of the exchange, which has become a reality that reveals the prices of properties on the market, and provides real estate information and data to those seeking the truth in the market, thereby bringing greater transparency to the sector. However, the question remains: what needs to be done to fully realize its benefits… Read more

National Housing Company announces new real estate supply and projects worth more than 42 billion riyals

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National Housing Company (NHC) CEO Mohammed bin Saleh Al-Batti

Reading time: 2 MinutesMohammed bin Saleh Al-Bati, CEO of the National Housing Company (NHC), announced during the first day of the “Cityscape Global” in Riyadh, announced three major projects designed to enhance the quality of life in the Al-Fursan and Khuzam neighborhoods, in the presence of a number of Their Highnesses and Their Excellencies, as well as experts in the real estate sector. Providing 86,000 housing units, Al-Bati launched residential projects in the suburbs of … Read more

Real Estate Surveys. The real estate bourse is looking for a complementary role

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Real Estate Exchange Survey

Reading time: 2 MinutesReal Estate Exchange Seeks Synergy Among Real Estate Professionals Survey: Abdullah Al-Salih: Following the official launch of the Real Estate Exchange, reactions have varied regarding the extent of its impact on the real estate market, as it provides reliable information on transaction values for the geographic area specified by the user with the utmost transparency, and offers services for sorting and consolidating real estate deeds using the real estate ID, in cooperation with the Ministry of Affairs … Read more

“ROSHN allocates SAR 9 billion to strengthen its partnerships and position among major Saudi projects

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Roshan Real Estate Company - Residential Projects

Reading time: < 1 Minute“Roshon” Group, the Kingdom’s leading and most trusted real estate developer, announced the establishment of four strategic business partnerships worth over 9 billion riyals, covering construction and infrastructure for to achieve the Group’s renewed goals in support of the Kingdom’s Vision 2030. Roshon: Development of 6,700 Residential Units Roshon and China Harbour Engineering Company have signed an agreement to develop 6,700 residential units, mosques, and community centers, in addition to … Read more

Real estate surveys. What are realtors saying after the launch of the real estate exchange?

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The Real Estate Exchange in the Eyes of Real Estate

Reading time: 2 MinutesWhat Are Real Estate Professionals Saying After the Launch of the Real Estate Exchange? Survey: Abdullah Al-Salih The Saudi real estate sector recently witnessed the official launch of the Real Estate Exchange, which promotes transparency in transactions; It provides reliable information on the value of transactions within the geographic area specified by the user and offers services for sorting and consolidating real estate deeds using the real estate ID, in collaboration with the Ministry of Municipal, Rural Affairs, and Housing. The exchange has seen … Read more

Real estate fund launched to develop facilities in King Salman Park worth 4 billion riyals

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Part of the signing of the King Salman Park Foundation agreement

Reading time: 3 MinutesThe King Salman Park Foundation announced the launch of a real estate fund to develop facilities and infrastructure for King Salman Park, which will oversee the development of the first real estate investment plot within the park’s boundaries, The fund’s operating mechanism represents a unique model of cooperation between the public and private sectors, with the private sector managing and fully financing the fund. Under this first-of-its-kind partnership between the public and private sectors … Read more

Real Estate Articles Real Estate Articles Knowledge Bank Price client

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Sami Abdulaziz - Real Estate Articles

Reading time: 2 MinutesReal Estate Articles... Property Articles... Knowledge Bank- The Price-Oriented Client: Sami Abdel Aziz. Today, we continue our overview of real estate clients and their different approaches to obtaining information and articulating their priorities and desires, while explaining the optimal way for a real estate developer or broker to deal with them in order to achieve the ultimate goal and complete the sale. We have previously mentioned that real estate clients are divided into twenty-four categories and that… Read more

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