Month: July 2024

Saudi cement companies sold 3.56 million tons last month

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Cement

Reading time: < 1 MinuteData released by Al-Yamama Cement Company showed that sales by Saudi cement companies saw a significant decline during June 2024, reaching 3.56 million metric tons, a decrease of 4.6% compared to the same month in 2023. According to the data, total cement sales (domestic deliveries and exports) fell to 3.56 million metric tons, compared to 3.73 million metric tons in June 2023. Sales declined … Read more

Important reminder from Ejar about making rental payments to avoid scams

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Rent - Residential Contracts - Refunds

Reading time: < 1 MinuteThe Ejar platform has issued an important notice to its users regarding the payment of rent through the platform, in order to safeguard the rights of all parties to the contract and prevent fraud and scams. In a tweet posted on its account on the social media platform “X,” the platform stated that paying rent through the Ejar platform protects you and safeguards the rights of all parties, noting that electronic payment helps you avoid … Read more

Public Authority for Real Estate launches its new visual identity

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Public Authority for Real Estate logo - Regulatory Tours

Reading time: < 1 Minute The General Real Estate Authority launched its new visual identity, which reflects its commitment to fulfilling its mission of regulating and developing the Saudi real estate market and enhancing its efficiency and effectiveness. The announcement came during the Real Estate Media Forum organized by the General Real Estate Authority yesterday. The one-day forum was attended by a number of senior officials from the General Real Estate Authority, real estate media experts, and a select group of … Read more

Infographic | Liquidity in the Saudi economy is the highest on record at 2.825 trillion riyals

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Saudi Central Bank

Reading time: 2 MinutesLiquidity levels (available cash) in the Saudi economy recorded strong growth, peaking at the end of May 2024 at 2,825,715 million riyals, representing an estimated annual growth rate of 8.6% and an increase of more than 222,928 billion riyals compared to the end of the same period in 2023, when it stood at 2,602,786 million riyals. These levels reflect the money supply as defined by … Read more

Real Estate Media Forum: Data analysis is an important factor in decision-making

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Reading time: 3 MinutesThe Saudi capital, Riyadh, hosted the “Real Estate Media Forum,” organized under the auspices of the General Real Estate Authority, with the aim of strengthening integration between the real estate and media sectors and raising awareness of the importance of regulating the real estate market and its role in achieving sustainable development. The one-day forum was attended by a large number of senior officials from the General Real Estate Authority, real estate media experts, and a select group of … Read more

How to take advantage of Ejar's electronic “pickup and delivery” service?

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Ejar - Ejar Platform

Reading time: < 1 MinuteThe “Ijar” platform, which regulates the real estate rental sector, explained that the electronic “Handover and Takeover” service is part of its efforts to enhance transparency and protect the rights of all parties involved in lease agreements. The “Handover” service allows the landlord and tenant to accurately document the condition of the rental unit at the beginning and end of the lease term by filling out a detailed electronic form that includes all information regarding the property’s condition … Read more

The Land Registry Announces the Start of Registration for 1,608 Properties in the City of Buraydah

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Cadastre

Reading time: < 1 MinuteThe Land Registry announced yesterday the start of registration for (1,608 parcels of land) in the Qurtuba neighborhood of Buraydah. Registration will continue for 90 days until the end of the day on October 7, 2024, corresponding to 4 Rabi’ al-Awwal 1446 AH. The Land Registry urged owners of properties located within the neighborhood to register their properties through the Land Registry platform, rer.sa, and encouraged them to contact the Customer Service Center … Read more

Al-Haqeel concludes his official visit to Turkey after intensive meetings and alliances in the construction sector

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Reading time: 2 MinutesHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, his official visit to the Republic of Turkey, which aimed to strengthen cooperation between the two countries in the fields of real estate development, road infrastructure, waste management, and recycling, and to forge new partnerships between Saudi and Turkish contractors in these areas. During the visit, His Excellency met with the head of the Investment Office affiliated with the Presidency … Read more

“Amlak publishes the text of the details of the articles of the new social insurance system

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The new social insurance system

Reading time: 24 MinutesThe new social insurance system has set the contribution rate for the pension branch (22%) as a percentage of the contributory wage or salary, with the employer bearing (11%) and the participant bearing (11%). The system specifies that the minimum pension payable to a participant with 480 months of contributions is 4,000 riyals per month, while the maximum wage or salary subject to contributions is 45,000 … Read more

Medina Municipality issues 247 new building permits during the month of June

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Medina Municipality - Commercial Project

Reading time: < 1 MinuteThe Madinah Region Secretariat announced the number of licenses and permits approved through the Baladi platform during June 2024. The Secretariat clarified that that the total number of licenses issued included 247 new building permits, 2,442 health certificates, 1,118 professional licenses, 332 surveying decisions, 3 building restoration permits, and 68 permits to conduct commercial activities for a period of 94 hours, The Secretariat also encouraged residents to take advantage of more than … Read more

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