Month: March 2024

Reading time: 2 MinutesReal Estate Pricing and Market Changes Abdulrahman bin Ali Al-Qut When examining the real estate market, pricing is considered one of the main challenges faced by both companies and individuals. Pricing involves determining the correct price for properties offered for sale or rent, and it is influenced by a number of factors and challenges that must be taken into account. The first challenge facing pricing is the volatility of the real estate market. The market is considered … Read more

Reading time: 3 MinutesThe Impact of Outsourcing on the Competitiveness of the Real Estate Development Sector Hisham Al-Qasim The concept of outsourcing is not a new idea in the world of economics and business; rather, the practice of considering and utilizing it dates back centuries, albeit in a less developed form than today. Adam Smith noted in his bookThe Wealth of Nations that institutions in advanced and wealthy nations are more productive if they reduce … Read more

Reading time: 2 MinutesHis Excellency Mr. Bandar bin Ibrahim Al-Khuraif, Minister of Industry and Mineral Resources, announced on the sidelines of the International Technical Conference LIP 24 the launch of an updated version of the industrial license. The Ministry issues the license in accordance with the provisions of the (Regulation) of the Unified Industrial Regulation for the Gulf Cooperation Council (GCC) countries, and it permits work on the industrial project in three phases (establishment, construction, and production). The updated version … Read more

Reading time: < 1 MinuteThe Saudi Authority for Accredited Valuers (TAQEEM) 17 members of the valuation profession to the Committee for Reviewing Violations of the Certified Valuers Regulation; this is due to their violation of the provisions of the Certified Valuers Regulation and the rules and regulations governing the valuation profession, whose work involved serious regulatory and professional violations in a number of valuation reports they approved, thereby subjecting them to regulatory disciplinary accountability. … Read more

Reading time: 2 MinutesThe General Real Estate Authority has called on property owners in 56 neighborhoods in the cities of Riyadh, Dammam, and Madinah to register their properties in the Real Estate Registry before the registration deadline for these neighborhoods expires on Thursday, 18 Ramadan 1445 AH, corresponding to March 28, 2024. Initial property registration is free of charge, and the Authority confirmed that the initial registration of properties in these neighborhoods is free and is … Read more