Month: May 2024

Real estate registration begins in 7 areas in Riyadh and Makkah

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Cadastre

Reading time: < 1 MinuteThe General Real Estate Authority announced the start of registration in 7 real estate zones, covering 18 neighborhoods in the cities of Riyadh and Makkah, with registration continuing until the end of the day on 25 Safar 1446 AH, corresponding to August 29, 2024 AD. The Authority specified that the eligible neighborhoods in Riyadh are: (Al-Mahdiyah, Al-Khuzama, Arqa, Dhahrat Luban, Al-Safarat, Namar, Al-Marwa, and … Read more

Al-Haqeel witnesses the launch of the conference to support and empower internal audit departments in the municipal and housing sectors

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Reading time: < 1 MinuteThe conference on supporting and empowering internal audit departments in the municipal and housing sectors kicked off yesterday in Riyadh. The event, which coincides with Global Internal Audit Awareness Month, was held under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, and attended by His Excellency Dr. Husam bin Abdulmohsen Al-Anqari, President of the General Auditing Bureau, and a number of officials from regulatory agencies. The opening ceremony featured … Read more

Challenges of choosing a business location

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Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 MinuteChallenges in Choosing a Commercial Location by Matar Al-Shammari 1 – Choose a location with parking, especially if the business requires customers to stay for an extended period. 2 – Choose a location at the entrance or exit of the neighborhood, depending on the type of business. 3 – It is preferable to choose a building with apartments, and one that isn’t too large, so that parking spaces are available. 4 – It is best for the lease to be from … Read more

Top Emerging Trends in Real Estate in 2024

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Smart cities

Reading time: 6 MinutesLast year, the real estate sector’s strategy was simple: eliminate current risks and reposition the business for a period of sustainable growth and improved returns. However, the reality has become clear to the industry leaders we interviewed for this year’s report on emerging trends in the real estate sector. They no longer expect a radical return to the way things used to be… Read more

Business incubators in the tertiary sector and their pioneering role

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Dr.. Dr. Moans Shujaa writes about: Teamwork and Startups

Reading time: < 1 MinuteBusiness Incubators in the Third Sector and Their Pioneering Role by Dr. Moones Shujaa The topic of business incubators is often discussed, particularly among entrepreneurs seeking a business incubator “Business Incubators,” which provide training and a suitable environment for startups—or what is known as the seed stage, which is the pre-incorporation phase. These incubators may be provided by … Read more

Tomorrow. ESCO Saudi Arabia 2024 kicks off in Riyadh to support the energy sector

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Reading time: < 1 MinuteThe “ESCO Saudi 2024“ forum and accompanying exhibition, organized by the Saudi Energy Efficiency Center (Kafa’ah), will kick off tomorrow in Riyadh under the slogan ”ESCO Saudi Arabia 2024: Higher Energy Efficiency,“ as part of its efforts to encourage investment in energy efficiency in the Kingdom. During the forum, the Center will launch a number of initiatives it has been working on to empower the energy efficiency services sector in … Read more

59.5 billion riyals total value of housing subsidies in the Kingdom in 7 years

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Real Estate Development Fund

Reading time: 2 MinutesMansour bin Madi, CEO of the Real Estate Development Fund, said that the total amount deposited into the accounts of "Sakani" beneficiaries from the announcement of the Transformation Program in June 2017 through May 2024 amounted to approximately 59.5 billion riyals, noting that the total subsidy for the current month of May was allocated to support the profits from various housing subsidy program contracts, adding that the Fund deposited … Read more

Real Estate Development Fund: 978 million deposited in the accounts of “Residential” beneficiaries for the month of May

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Reading time: 2 MinutesToday, the Real Estate Development Fund deposited 978 million riyals into the accounts of beneficiaries of the “Sakani” program administered by the Ministry of Municipal, Rural Affairs, and Housing and the Real Estate Fund for the month of May 2024, as part of ongoing efforts to support beneficiaries, and to achieve the objectives of the housing program, one of the programs under the Kingdom’s Vision 2030. Mansour bin Madi, CEO of the Real Estate Development Fund, explained that the total support for the current month of May was … Read more

How to get your first home certificate and how to get the exemption

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Mortgage Loan - Housing Units

Reading time: 2 MinutesMany people are looking for information on the steps and process for obtaining a first-home certificate in order to apply for a value-added tax (VAT) exemption on their first home, for which the Kingdom covers 5% of the property’s value if the price is less than one million riyals. However, if a person has already paid the VAT on a home valued at less than one million riyals, then … Read more

Real estate investment in cities is boosted by regulations and legislation

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Riyadh - Business - Localization of real estate activities and professions

Reading time: 4 MinutesSurvey: Abdullah Al-Saleh: The Kingdom’s regions vary in their appeal to investors, depending on the factors that attract capital to the real estate sector; accordingly, the extent to which large-scale projects impact the market is assessed. The newspaper “Amlak Real Estate” surveyed a number of specialists and experts in real estate investment on this topic and arrived at the following conclusions. = = Asma Al-Olayan: Streamlining administrative procedures is the most important incentive … Read more

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