“Land Registry” organizes a workshop to discuss opportunities to empower the real estate sector

Land Registry Workshop

Reading time: < 1 MinuteThe Real Estate Registry, in collaboration with the General Authority for Real Estate, organized a workshop today titled “Opportunities for Empowering the Real Estate Sector,” with the aim of presenting views that contribute to the sustainability of the system, improve the real estate landscape in the Kingdom, and enhance its investment appeal. The workshop kicked off with the attendance and participation of experts and representatives from the real estate sector, government agencies, and investors, who discussed opportunities for empowering the sector, as well as their insights and proposals for improving the real estate landscape in … Read more

The seventh edition of the Future Investment Initiative concludes, and the next edition is scheduled for December 2024

Future Investment Initiative

Reading time: < 1 MinuteThe seventh session of the Future Investment Initiative, held at the King Abdulaziz Conference Center in Riyadh, concluded today under the title “The New Compass,” with the participation of nearly 6,000 attendees from more than 90 countries and 500 speakers from various sectors both within and outside the Kingdom. Richard Atias, CEO of the Future Investment Initiative Foundation, announced at the conclusion of the event that the next edition of the Future Investment Initiative… Read more

10 Artificial Intelligence Apps for Interior Design

Reading time: 3 MinutesThe uses of artificial intelligence applications are increasing day by day, and they are now being integrated into various sectors and activities—including interior design and decoration. AI has been used in many interior design projects and now functions much like human designers, producing work that impresses many people. AI applications use machine learning algorithms to generate design ideas … Read more

“Amlak” summarizes the statement of the spokesperson of the General Real Estate Authority on the real estate brokerage system

Real Estate Brokerage System Real Estate Authority Dialogue Taysir Al-Mufaraj

Reading time: 2 Minutes“Amlak” Summarizes the Statement by the Official Spokesperson of the General Real Estate Authority on the Real Estate Brokerage System Prepared by: Abdullah Al-Saleh The real estate brokerage system entered the compliance phase at the beginning of the current Hijri year. The system has improved the quality of real estate transactions, contributed to the sustainability of real estate assets, reduced real estate disputes, and protected the rights of parties involved. The “FAL Real Estate License” is the official document that authorizes individuals and entities to engage in real estate brokerage and related services covered by … Read more

Al-Hogail meets Finland's Minister of Foreign Trade and Development and discusses enhancing cooperation

Minister of Municipal and Rural Affairs and Housing meets with Finnish Minister of Foreign Trade and Development

Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, met yesterday with Tavio Viljanen, Finland’s Minister of Foreign Trade and Development, in the presence of His Excellency Ihab bin Ghazi Al-Hashani, Deputy Minister of Municipal, Rural Affairs, and Housing, and the Ambassador of the Republic of Finland to the Kingdom, Anu Erika Viljanen, as well as a number of officials from both sides. The meeting focused on strengthening bilateral cooperation and explored ways to enhance it … Read more

Under the patronage of the Emir of the region... 6 billion riyals in outdoor advertising contracts for Riyadh city

Outdoor Advertising Signing Ceremony

Reading time: 2 MinutesHis Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, presided over the signing ceremony yesterday evening, Wednesday, October 25, 2023, at the Al-Faisaliah Hotel in Riyadh, between the Riyadh Region Municipality—represented by “Rimat” Riyadh Development Company— a series of the world’s largest investment contracts in the field of outdoor advertising, generating revenues exceeding 16 billion riyals for the city of Riyadh. His Highness was received by … Read more

939 first home ownership contracts have been finalized by Residential Centers

Retal Company - Residential Centers

Reading time: < 1 MinuteThe Sakani Program revealed that the Comprehensive Housing Centers in Riyadh, Jeddah, Al-Khobar, and Madinah enabled beneficiaries to sign more than 939 first-home ownership contracts during the third quarter of this year, with a total value exceeding 877 million riyals, as part of ongoing efforts to improve market efficiency and support families in becoming homeowners. The program explained that since their establishment, the centers… Read more

Val's real estate license is the official document to practice brokerage

Val's real estate license

Reading time: < 1 MinuteThe “FAL Real Estate License” is the official document that authorizes individuals and entities to engage in real estate brokerage and services covered by the Real Estate Brokerage System; such activities may be conducted exclusively by those licensed by the Authority. Requirements for the FAL Real Estate License: The requirements for obtaining a FAL license for real estate brokerage and marketing for real estate platforms are the same as those for the FAL license for real estate brokerage and marketing, with the addition of requirements specific to real estate platforms, which … Read more

“NEOM and DSV set up $10 billion logistics venture

NEOM's logo

Reading time: 2 MinutesNEOM and the global transportation and logistics company DSV announced today a joint and exclusive logistics project valued at 10 billion U.S. dollars; aimed at supporting the development of the ambitious projects currently under construction in NEOM by providing advanced land, sea, and air logistics services that meet the needs and requirements of NEOM and its various projects in the coming years. The joint venture will provide integrated management … Read more

Real Estate Sorting Program sorted more than 100 million m2 as of October

Off-plan Real Estate Projects Real Estate Contributions

Reading time: 2 MinutesThe General Real Estate Authority announced that the “Real Estate Unit Subdivision” program has registered more than 100 million square meters of subdivided real estate areas since the program’s inception through October of this year. The program provides a service (division or redivision) of a building or real estate complex into several real estate units, so that each unit has a separate title deed through an electronic platform. The Authority explained … Read more