“Taqeem refers violators to the Public Prosecution as part of its efforts to monitor and control violations

Saudi Commission for Certified Valuers

Reading time: < 1 MinuteThe Saudi Authority for Accredited Appraisers (Taqeem) referred an accredited appraiser to the Public Prosecution for including false information in a series of appraisal reports he had approved, and signed by individuals who did not participate in the preparation of those reports, thereby subjecting him to disciplinary and criminal liability under the Certified Appraisers System issued by Royal Decree No. (M/43) dated 9/ 7/1433 AH, … Read more

747,000 households benefited from mortgage subsidies

Real Estate Marketing - Lana Al-Shabaneh - The Line

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs, and Housing announced that more than 1.5 million households will benefit by 2023, including 747,000 households whose mortgage loans were subsidized through the Real Estate Development Fund, while more than 160,000 housing units have been made available in residential complexes and suburbs equipped with comprehensive facilities and services under the “Housing and More” initiative. With the same objective in mind, the company aims to … Read more

Ministry of Municipal and Rural Affairs and Housing organizes Saudi and International Volunteer Day celebration

Volunteer Day Ceremony

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs, and Housing, represented by the Third Sector and Community Participation Division, is organizing a major celebration for Saudi and International Volunteer Day on Sunday, December 10, in the presence of His Excellency Minister Majid bin Abdullah Al-Hogail, along with a host of Their Excellencies, regional secretariats, representatives of nonprofit organizations, stakeholders, and interested parties. The ceremony aims to honor the volunteer efforts that … Read more

Ministry of Municipal Affairs approves rules and regulations for public benefit markets

Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: 2 MinutesThe Ministry of Municipal, Rural Affairs, and Housing has issued the general regulations governing the operation of public markets and the activities of service providers, which include the criteria and requirements necessary for establishing new markets, setting up seasonal markets and auctions, investor obligations, and rules for buying and selling within the markets. Conditions for selecting new public benefit markets: 1- When adding a new market in a city or province where an existing market is already located … Read more

Paying rent through Ejar platform only from next month

Real Estate - Ejar Platform

Reading time: < 1 MinuteTaysir Al-Mufarraj, the official spokesperson for the General Real Estate Authority, announced that starting next month, rent payments for properties will be made exclusively through the Ejar platform. In a statement, Al-Mufarraj explained that payments made outside the platform will not be accepted in order to ensure the security of financial transactions and protect against fraud. Since its launch in 2018, the Ejar platform has worked to simplify the process of renting new properties and to provide a secure and convenient way to conclude … Read more

Video | Ejar platform warns against dealing with unlicensed real estate brokers

Rent - Residential Contracts - Refunds

Reading time: < 1 MinuteThe Ejar platform warned against dealing with unlicensed real estate brokers to avoid fraud and ensure that all rights are protected. In a tweet posted on its official account on the social media platform “X,” the need to deal only with brokers licensed by FAL and to avoid dealing with other unlicensed brokers—even if their offers are tempting—in order to avoid fraud and protect all your rights, … Read more

Al Hamad: Wafi projects have provided more than 1.25 million licensed units under construction since 2018

CEO of the General Real Estate Authority Engineer Abdullah bin Saud Al-Hammad

Reading time: 2 Minutes  Abdullah Al-Hammad, CEO of the General Real Estate Authority, said that off-plan sales represent a viable model for investment in the real estate sector, and can meet demand in the sector, noting that Wafi projects have provided more than 1.25 million licensed units under construction since 2018, adding that these figures demonstrate the attractiveness of the real estate sector in the Kingdom. Al-Hammad added, during … Read more

National Housing: Developing 200 million m2 of land to provide 124,000 housing units

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

Reading time: < 1 MinuteMohammed bin Saleh Al-Bati, CEO of the National Housing Company, said that the company has developed approximately 200 million square meters of land to provide 124,000 housing units currently under construction, 65,000 of which have been sold off-plan. Al-Bati added, during a speech at the World Real Estate Leaders Summit hosted by the city of Riyadh, that purchase orders for 2023 for the projects … Read more

30% of municipal services to be privatized next year 2024

Quality of Life -- Municipal Services

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs, and Housing announced that it aims to privatize 30 percent of municipal services over the next year, following the completion of 19 percent, as part of its plan to privatize 70 percent of its services. The ministry continues its efforts to develop and humanize cities and improve their services to meet the expectations of residents and visitors through numerous programs … Read more

December 24th is the deadline for registering properties in 7 real estate zones

Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: < 1 MinuteThe Supreme Committee for Real Estate Registration announced that December 24 of this year is the deadline for registering real estate in Real Estate Zones (3rd, 4th, 5th, 6th, and 7th) in Riyadh, as well as the 1st Real Estate District in Dammam and the 1st Real Estate District in Madinah. The committee’s decision included clear guidelines for the areas and the specific timeframe for accepting applications for initial real estate registration, and the competent authority is responsible for the initial real estate registration… Read more