Adding more than 130 square meters of office space in Riyadh

Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: < 1 MinuteAccording to specialized real estate reports, the third quarter of 2023 saw the completion of approximately 130,500 m² of office space in Riyadh, bringing the city’s total to 5.1 million m². Meanwhile, Jeddah saw approximately 27,500 m² come onto the market, bringing the city’s total office space to 1.2 million m². The report confirmed a recovery in the performance of the office space sector … Read more

More than 3700 new free land available to families benefiting from the housing program

Al Baida Land Fees Free Land

Reading time: < 1 MinuteThe “Sakani” program announced that more than 3,700 free plots of land were made available to Saudi families benefiting from the program during September and October of this year, through the Sakani website and app in various regions of the Kingdom. The program explained that the plots made available online were distributed across a number of regions in the Kingdom, with the free plots available to Saudi families totaling 2,361 … Read more

Dubai Land requires the use of accredited valuation offices to apply the corporate tax

Dubai - Real Estate Deals and Sales 

Reading time: < 1 MinuteThe Dubai Land Department has urged property owners to refer to the approved list of licensed companies and appraisal firms in the emirate, available on its official website, dubailand.gov.ae and on the Dubai Rest app to ensure compliance with the requirements for corporate tax implementation under Decree-Law No. 47 of 2022. These guidelines aim to help companies avoid any legal penalties or financial violations, … Read more

Saudi Commission for Accredited Valuers emphasizes adherence to the contract for the provision of valuation services

Saudi Commission for Certified Valuers

Reading time: < 1 MinuteThe Saudi Authority for Certified Appraisers “Taqeem” has confirmed that all certified appraisers and employees at appraisal firms across various appraisal sectors (real estate, economic facilities, machinery and equipment, movable property, precious metals, and gemstones) that they must comply with the standard contract templates (for the provision of valuation services) between the client and the valuation firm, and the standard “valuation report” template issued by valuation firms, effective January 1, 2024. … Read more

8 billion dollars the volume of real estate trading in Jordan in 10 months

Jordan's real estate market

Reading time: < 1 MinuteThe volume of transactions in the Jordanian real estate market during the first ten months of this year reached approximately 5.896 billion dinars ($8 billion), according to the monthly report by the Land and Survey Department. The report, published on the department’s website, showed that real estate transaction volume rose by 3 percent compared to last September, reaching 629 million dinars, according to the news agency … Read more

85 units handed over to beneficiaries of developmental housing projects in Fifa governorate

Mortgage Loan - Housing Units

Reading time: < 1 MinuteYesterday, at a library in the governorate, the Governor of Fifa, Engineer Saleh Al-Qahtani, handed over the keys to 85 new and renovated housing units built by the Maskan Association in Fifa, as part of a strategic partnership between the association and the Ministry of Municipal and Housing Affairs’ branch, represented by the Developmental Housing Affairs Department, in the presence of the Director of Housing Affairs for the Jazan Region, Engineer Ibrahim Akiri. Everyone listened to an explanation from the region’s Director of Developmental Housing Affairs, Engineer Ahmed bin … Read more

Today. “Municipality and Housing” launches a joyful project to improve the quality of life

Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: < 1 MinuteThe Ministry of Municipal, Rural, and Housing Affairs, through the regional secretariats, is launching the “Bahja” project today, Monday, which aims to transform underutilized spaces into vibrant areas, as part of the ministry’s efforts to develop parks and urban interventions in cities and residential areas to improve residents’ quality of life and well-being. Creating a Sustainable Urban Environment Through the launch of this project, the ministry seeks to create a sustainable urban environment … Read more

Steps to create a new Real Estate Fund account And update the data

Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Reading time: 2 MinutesThe Real Estate Development Fund offers numerous services to citizens. Among the most important of these services are opening a new account with the Real Estate Development Fund and updating personal information, as the Fund is considered one of the most important real estate financing programs in the Kingdom of Saudi Arabia. It offers a real estate loan program designed to help as many individuals as possible register, so that they can … Read more

775 billion riyals of foreign direct investment in Saudi Arabia in 2022

Riyadh - Saudi Real Estate Market

Reading time: 3 MinutesAs part of a new methodology for collecting and publishing data adopted by the Kingdom of Saudi Arabia last October, the Ministry of Investment recently announced updated statistics on foreign direct investment in the Kingdom. The new methodology, which was endorsed by the International Monetary Fund and commended by the United Nations Conference on Trade and Development (UNCTAD), relies on the analysis of financial statements to produce highly accurate annual statistics, compared to … Read more

150 thousand riyals non-refundable subsidy for beneficiaries of the self-building product

Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Reading time: < 1 MinuteThe Real Estate Development Fund announced the launch of the self-build package for “Sakani” beneficiaries who wish to build their own homes, in partnership with First Saudi Bank, with the aim of improving beneficiaries’ ability to cover the costs of the various stages of building their homes, thereby achieving the objectives of the housing program—one of the programs under the Kingdom’s Vision 2030. The Fund explained that the Self-Build Package allows beneficiaries of the Self-Build product who wish to build their own homes … Read more