Month: February 2024

How to avoid the risk of water leaks while laying plumbing fixtures?

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Plumbing - Water Leaks

Reading time: < 1 MinuteGiven the importance of home plumbing, the foundation is crucial when purchasing, installing, and setting up sewer pipes, as plumbing is one of the systems that must be installed and executed properly to prevent any water leaks after the tile work and finishing touches are complete. First, the homeowner must decide on the locations of the sink, washing machine, water heater, and other fixtures, as well as how they will be installed. For example… Read more

Important tips before installing electricity inside a real estate unit

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Establishment of electricity

Reading time: < 1 MinutePreparing the electrical wiring infrastructure is one of the most critical steps in finishing a real estate project, because any mistake here will lead to catastrophic problems down the line, and may force us to incur double the costs to repair them. To ensure that the electrical foundation and installations are completed perfectly, here are some important tips before starting: You must determine the locations of furniture pieces, such as the bed, sofa, and TV. Determine the power requirements… Read more

“Municipal and Housing Affairs” Outlines Requirements for Issuing Excavation Permits via the Baladi Platform

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, has approved the Excavation Permit Regulations, which aim to coordinate public utility services for the issuance of excavation permits within the urban areas of the Kingdom’s cities and provinces through the “Nassiq,” which allows the entity requesting the license to coordinate with relevant authorities to issue excavation permits via the Baladi platform. Conditions … Read more

The Support and Liquidation Center is overseeing 30 auctions to sell 230 properties in 8 regions

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Attribution and Liquidation Center Real Estate Auction

Reading time: < 1 MinuteThe Support and Liquidation Center “Enfaaz” announced the holding of 30 public auctions, both in-person and online, to sell and liquidate 230 residential and commercial properties in 8 different regions and cities across the Kingdom, during the period from March 1–11, 2024. The Center explained that the auctions will be held in various regions across the Kingdom, with 7 auctions taking place in the Riyadh region to offer 61 real estate opportunities … Read more

Infographic: 10 % rise in the number of factories in Saudi Arabia by 2023

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Ministry of Industry and Mineral Resources - Certificate of Origin

Reading time: 2 MinutesThe Ministry of Industry and Mineral Resources reported a 101% increase in the number of existing factories in 2023, from 10,518 factories in 2022 to 11,549 as of last year. The number of new industrial licenses issued in 2023 reached 1,379, with investments totaling more than 81 billion riyals, while production began at 1,058 factories during the same year … Read more

“Clarity Real Estate announces the sale of two unique properties in Jeddah

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Reading time: < 1 MinuteWaduh Real Estate and Auctions has announced the Jeddah Faraid Auction, which will be held at 5:00 p.m. on March 5 at the Qaloria Hall. The company explained that the Jeddah Faraid Auction includes the sale of two properties. The first is a four-story library building with an area of 5,520 square meters. The first property is located in one of Jeddah’s most famous neighborhoods, in … Read more

What are the procedures for licensing real estate contributions?

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Procedures for Licensing Real Estate Contributions

Reading time: < 1 MinuteWhat are the procedures for obtaining a real estate investment license? 1 – The real estate developer must submit an application for qualification to engage in real estate investment activities. 2 – A commercial registration certificate listing real estate development as a business activity. 3 – Certificate of membership in the Chamber of Commerce. 4 – Certificate from the General Organization for Social Insurance. 5 – List of active employees. 6 – Certificate from the General Authority for Zakat and Income Tax stating that there are no … Read more

7 Articles in the Regulations Governing the Real Estate Contribution Guarantee Account

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Real Estate Contribution Guarantee Account

Reading time: < 1 MinuteThe Authority published the regulations governing the escrow account for real estate contributions, which comprised seven main articles. Article 1 defines the escrow account as: the bank account specific to the real estate contribution, and defines the account custodian as the banking institution licensed by the competent authority. Article 2 states that these regulations aim to regulate the escrow account in real estate contribution projects, whereas … Read more

Real Estate Fund: 965 million riyals deposited in the accounts of housing beneficiaries for February

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Real Estate Development Fund - Mortgage Loan Installments

Reading time: < 1 MinuteThe Real Estate Development Fund announced today that it has deposited more than 965 million riyals into the accounts of “Sakani” beneficiaries from the Ministry of Municipal, Rural Affairs and Housing and the ”Real Estate Fund” for the month of February 2024, as part of ongoing efforts to improve housing affordability and achieve the goals of the Housing Program—one of the programs under the Kingdom’s Vision 2030—to raise the rate of home ownership among citizens to 70%. 56.6 billion … Read more

The Big 5 Exhibition is hosting construction industry professionals today

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Big 5 Gallery

Reading time: < 1 Minute  The new edition of the Big 5 Construct Saudi exhibition kicks off this evening, Monday, February 26, and will focus on product segmentation. This comes in response to the evolving needs of the Saudi construction market, with projects currently in the pipeline valued at $1.6 trillion. Kazi stated that the exhibition will bring together key players in the construction industry and related sectors, providing … Read more

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