Month: March 2024

Reading time: < 1 MinuteThe General Authority for Real Estate presented the draft executive regulations of the system of selling and leasing real estate projects on the map, the draft controls of the escrow account and the rules for qualifying practitioners of the activity through the “Consultation” platform, in order to enable the public, government agencies and the private sector to express their views and observations on them before their approval, in accordance with Article 28 of the system of selling and leasing real estate projects on the map issued by Cabinet Decision No. 196 ... Read more

Reading time: < 1 MinuteThe Off-plan Sales and Leasing Committee (Wafi) has revealed the number of control tours on off-plan sales projects carried out by Wafi's control and monitoring teams during the past year 2023. According to an infographic published by Wafi on its account on the social networking site “X”, the control tours carried out by Wafi are as follows: Field supervisory visits are 1130 visits. The violations seized are ... Read more

Reading time: < 1 MinuteThe Real Estate Advisor application is a service provided by the Real Estate Development Fund in Saudi Arabia to provide a wide range of real estate guidance and consultations to individuals who have registered in the Real Estate Development Fund, in addition to providing real estate plans, assistance and data needed to complete the process of selling or buying real estate. This application comes within the framework of the Kingdom's vision ... Read more

Reading time: < 1 MinuteThe Ministry of Justice offers the service of updating real estate instruments through the Najeez portal, which aims to facilitate the process of converting old paper instruments into electronic instruments and amending them to comply with modern electronic systems, as this initiative is part of the efforts to achieve the Kingdom's Vision 2030 by transforming all services into e-services. This initiative is part of the efforts to achieve the Kingdom's Vision 2030 to transform all services into e-services. Read more

Reading time: < 1 MinuteThe General Authority for Real Estate revealed the requirements for issuing a real estate shareholding license, in an infographic published on its account on the social networking site “X”. Requirements for issuing a real estate contribution license - Fill out the application form. - A copy of the commercial register. - A certificate of credit history. - Real estate registry number or property ownership document that is valid, valid, and transferable based on ... Read more

Reading time: 2 MinutesThe Ministry of Industry and Mineral Resources issued 152 new industrial licenses during January 2024, distributed across five industrial activities. The food industry leads the new licenses and the activity of manufacturing food products topped the new licenses with 27 licenses, followed by the activity of manufacturing other non-metallic mineral products with 20 licenses, then the activity of manufacturing formed metal products excluding machinery and equipment with 19 licenses, then the activity of manufacturing ... Read more