New home sales in the U.S. fell last month

U.S. Real Estate - Home Sales

Reading time: < 1 MinuteEconomic data revealed a decline in new home sales in the United States last month, following a decline in the previous month according to revised figures, due to the impact of mortgage interest rates on housing demand. The U.S. Department of Commerce reported that single-family home sales fell by 5.6% in October to an annualized rate of 679,000 homes, which is … Read more

Building owners in Rif invited to issue “compliance” certificates to improve the urban landscape

Buildings under construction

Reading time: < 1 MinuteThe Northern Border Region Secretariat, represented by the Turaif Municipality, has called on building owners in the province to obtain a “Certificate of Compliance,“ with the aim of enhancing efforts to improve the urban landscape in the province in accordance with the requirements and programs of the Certificate of Compliance, to achieve a prosperous and healthy life for all, as part of the initiatives of the Ministry of Municipal, Rural Affairs, and Housing to contribute effectively to the development and humanization of the Kingdom’s cities and to enhance the quality of life in … Read more

Taif Municipality invites owners of commercial and residential buildings to obtain a “compliance” certificate”

Taif Municipality - Building Code Enforcement Tours

Reading time: < 1 MinuteThe Taif Municipality has called on owners of commercial and residential buildings, as well as holders of usufruct rights for buildings located on the streets identified in the geographic survey, to promptly comply with the municipal standards and requirements outlined in the “Building Compliance“ to ensure that no elements or components are added that violate the permit, which could constitute a visual eyesore on those buildings. This comes as part of its efforts to improve the quality of the urban landscape and raise awareness of the importance of … Read more

Building owners urged to issue “Certificate of Compliance” in Hail

Reading time: < 1 MinuteThe Hail Region Secretariat has called on building owners to obtain a “Certificate of Compliance,“ with the aim of enhancing efforts to improve the region’s urban landscape in accordance with the requirements and programs of the Certificate of Compliance, to achieve a prosperous and healthy life for all, This is part of the initiatives of the Ministry of Municipal, Rural Affairs, and Housing to contribute effectively to the development and humanization of the Kingdom’s cities and to enhance the quality of life in urban areas. The targeted areas and compliance sites include … Read more

Saudi Commission for Accredited Valuers launches its new identity

Saudi Commission for Certified Valuers

Reading time: < 1 MinuteThe Saudi Authority for Accredited Valuers (TAQEEM) has launched its new visual identity, embodying the Authority’s vision to elevate the quality of the valuation profession in the Kingdom and raise the standards of its practitioners, with the aim of achieving international leadership, The identity, inspired by the concepts of valuation and the implications of growth and development, reflects the pivotal role the Authority plays as the regulator and developer of the valuation profession in the Kingdom. This launch represents a transitional step and a transformation in line with what … Read more

Real estate articles: Marginalized Endowments. And the loss of rights

Hamza Ghanbam Real estate articles

Reading time: < 1 MinuteReal Estate Articles: Marginalized Waqfs... And the Loss of Rights Hamza Essam Ghoneim Whenever someone wishes to preserve their property after their death, they endow a property to their children for their perpetual benefit and for charitable works, in the case of a family or charitable endowment, stipulating that the property not be sold and including a condition in the endowment deed, for example (I have designated this endowment for a period of … Read more

Al Jazirah Real Estate is preparing to launch the "Jeddah Gates and Jeddah Pearl" auction

Al-Jazirah Sands - Real Estate Auction

Reading time: < 1 MinuteRamal Al-Jazirah Real Estate Company is preparing to offer a number of unique real estate investment opportunities at two auctions (Abwab Jeddah and Louloua Jeddah) under the supervision of the Support and Liquidation Center (Enfaaz) and pursuant to a decision by the Enforcement Court. In detail, Mr. Mohammed Al-Zahrani, General Manager of Ramal Al-Jazirah, stated that the Abwab Jeddah auction will offer 12 residential, commercial, and agricultural properties, including buildings, land, and villas, located in … Read more

Real estate articles: East Jeddah and the New Trend

Abdullah Ibrahim Al-Hatlani - Real Estate Articles - White Land Fees

Reading time: 2 MinutesReal Estate Articles: East Jeddah and the New Trend by Abdullah Ibrahim Al-Hatlani For some time now, we have been saying—or hearing—that real estate growth tends to head north, and that northern developments in major cities like Jeddah are the most sought-after and experience the highest price increases. If we look at the geography of East Jeddah, we find a mountain range that prevents urban expansion, but Prince Khalid… Read more

SAR 155.5 billion in real estate loans granted to companies by the end of the third quarter

Saudi Central Bank

Reading time: < 1 MinuteData from the Saudi Central Bank (SAMA) revealed the volume of real estate loans granted to companies, which reached approximately 155.5 billion riyals by the end of the third quarter of 2023, up 171% from the third quarter of last year. Mortgage loans granted by commercial banks in Saudi Arabia to individuals and companies also rose by 131% by the end of the third quarter of 2023, reaching approximately 747.2 billion … Read more

Real estate articles: Documenting your lease preserves your rights and protects you

Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 MinuteReal Estate Articles: Notarizing a Lease Agreement Protects Your Rights and Safeguards You by Matar Al-Shammari Notarizing a standardized electronic lease agreement has now become important and essential for all parties to a lease transaction, ensuring the rights of the landlord, the tenant, and the real estate broker. It guarantees the landlord’s rights in the event the tenant defaults on payment, facilitates litigation between the parties, and allows the landlord to easily enforce their rights through an enforceable instrument in the event the property is used… Read more