Month: January 2024

More than one billion riyals is the average value of the real estate exchange trades per day

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Ministry of Justice - Real Estate Exchange

Reading time: < 1 MinuteThe Ministry of Justice revealed that the number of registered users in the real estate exchange has increased to more than one million users, while the number of beneficiaries of the platform has reached more than 30,000 beneficiaries daily. The Ministry explained that the number of daily real estate operations in the exchange reaches 2000 operations, while the average daily trading value is more than one billion riyals. The real estate exchange ... Read more

White Land Program reveals 4 conditions for exemption from paying fees

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White Land Fees Program

Reading time: < 1 MinuteThe White Land Program has clarified a number of exceptions that, if met, can prevent the beneficiary from paying white land fees, in order to stimulate land development and reduce monopoly. In a tweet published on his account on the “X” platform, he said that the fees do not apply when the development of the land is completed with the final approval of the plan or its construction within a year from the date of issuance of the ... Read more

Future of Real Estate Forum Reassuring statistics and achievements in the sector

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Future of Real Estate Forum Statistics

Reading time: 4 MinutesFuture of Real Estate Forum. Reassuring statistics and data in the real estate sector: Mohammed Jamous: Amlak lists the most important statistics mentioned in the sessions and events of the third Future of Real Estate Forum held last week in Riyadh = = = = 50 agreements and memorandums of understanding were signed. = = = 100 billion riyals the total value of the agreements. 300 speakers from 85 countries. = = = = ... Read more

Steps to object to housing subsidies electronically

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Residential program

Reading time: < 1 MinuteThe Sakani platform provides many aspects of support for citizens and families in need, which is the platform established by the authorities in the Kingdom in order to help citizens improve their standard of living and own suitable housing, in addition to providing monthly housing support to beneficiaries on the 24th day of each calendar month, and the platform also gave them the right to object to the support. Steps to object to the housing subsidy ... Read more

Court orders liquidation of Chinese real estate giant Evergrande Group

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China's Evergrande

Reading time: < 1 MinuteA Hong Kong court has ordered the liquidation of heavily indebted Chinese real estate giant Evergrande Group, according to multiple media reports. According to reports, Judge Linda Chan issued her ruling on Monday in Hong Kong. The company was sued by international creditors for defaulting on several installment payments. The giant company has tried to avoid liquidation with a plan ... Read more

When is the tenant obligated to pay the full amount of rent until the end of the contract?

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Rent - Residential Contracts - Refunds

Reading time: < 1 MinuteEjar platform revealed one case in which the tenant is obligated to pay the full rent value until the end of the contract period, in response to one of the inquiries it received. One of the beneficiaries inquired on the platform's account via the X platform, saying: ‘If the tenant leaves before the end of the contract period without the landlord's consent, is the tenant obligated to pay the rental value until the end of the contract ... Read more

Video / Real estate exchange official: Saudi Arabia completes 200 million real estate documents in 4 years

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Reading time: < 1 MinuteEngineer Ahmed Al-Salman, General Supervisor of the Real Estate Exchange, said that Saudi Arabia was able to accomplish 200 million real estate documents in 4 years, although the most successful international experiences in documenting sukuk were 40 million sukuk in 5 years. During an interview with Al-Rassed program on Al-Ikhbariya channel, Al-Salman added that we were expecting that real estate documents exist ... Read more

Conditions and steps to register on the Joud Housing platform

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Investors in real estate

Reading time: < 1 MinuteJoud Housing Platform is one of the initiatives of the Community Development Housing Foundation, which aims to engage the community, individuals and organizations in housing charitable giving through an electronic platform that achieves transparency, accuracy and professionalism in providing the charitable contribution. The platform seeks to achieve several objectives, most notably: 1. Achieving organizational excellence through the implementation of operational standards and governance practices ... Read more

“ROSHN raises the bar on governance, risk and compliance at the 2024 World Summit

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Roshan Real Estate Company - Residential Projects

Reading time: < 1 MinuteROSHN Group, a real estate developer and wholly-owned subsidiary of the Public Investment Fund (PIF), sponsored the 2024 Governance, Performance, Risk and Compliance (G[P]RC) Summit, which took place on January 24th and 25th at the Crowne Plaza Al Manhal Hotel in Riyadh. ROSHN has played a pivotal role in promoting GRC standards in the region as a key strategic supporter... Read more

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