Month: July 2024

Municipality issues more than 4000 certificates of compliance for buildings in Makkah

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Municipality of the Holy Capital - Building Violations

Reading time: < 1 MinuteThe Holy Capital Secretariat has issued 4,423 certificates of compliance for buildings in various targeted and non-targeted streets and neighborhoods of Makkah, while the number of buildings whose owners were notified reached 2,375 within the targeted sites, with penalties and fines imposed on them, along with notification of the necessity to obtain the certificate. The Secretariat clarified that it continues, through its sub-municipalities, to receive applications for the issuance of certificates for buildings located … Read more

Jeddah Municipality detects 5,214 building violations in a number of neighborhoods during the past month

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Jeddah Municipality - Unauthorized Buildings

Reading time: < 1 MinuteIn June, the Jeddah Provincial Secretariat’s enforcement efforts resulted in the detection of 5,214 building violations in a number of neighborhoods, as part of its mission to improve services, address visual pollution, and enhance the city’s urban landscape. The Secretariat explained that the monitoring efforts carried out by the sub-municipalities last month are part of an intensive support plan to improve the urban landscape and detect violations … Read more

How to set up a successful real estate company in Saudi Arabia Steps and tips

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Investors in real estate

Reading time: 2 MinutesSaudi Arabia is an attractive destination for real estate investment, prompting many people to establish real estate companies. Here are the basic steps for establishing a real estate company in the Kingdom: 1. Verify Eligibility: Ensure you meet the legal requirements for establishing a real estate company, such as citizenship, residency, and civil registration. Make sure you have a valid commercial registration. 2. Choose the Type of Company: Determine the type … Read more

Infographic: Direct penalties for non-filing of corporate financial statements

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Ministry of Commerce - Saudi Companies

Reading time: 2 MinutesThe Ministry of Commerce announced the implementation of the ministerial decision issued by His Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al-Qasabi, imposing an immediate penalty on anyone who fails to file financial statements in accordance with the provisions of the Companies Law and its implementing regulations. According to the ministerial decision, an immediate penalty will be imposed on anyone who fails to file financial statements in accordance with the provisions of the Companies Law and its implementing regulations, and the fine shall be … Read more

The General Authority of Real Estate organizes the Real Estate Media Forum next Sunday

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Reading time: < 1 MinuteThe General Real Estate Authority is organizing the first “Real Estate Media” forum on Sunday, July 7, to discuss the impact of the media on the development and shaping of the real estate market and the future of the relationship between the two sectors, with the participation of experts from both the media and real estate fields. The Real Estate Media Forum, to be held at the Riyadh International Convention and Exhibition Center, will bring together a select group of media and real estate professionals to discuss the integration between … Read more

At $43.5 billion. Saudi Arabia's residential sector to dominate construction projects in 2023

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Building license via Baladi platform

Reading time: < 1 MinuteKnight Frank, a global real estate consultancy, has confirmed that the Saudi residential sector is the dominant contributor to the value of construction projects in the Kingdom, accounting for 31%—or approximately $43.5 billion—of the total project value in 2023. The company said in a report that the value of construction projects in the residential sector is expected to reach $56.9 … Read more

Brainstorming on the map

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Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

Reading time: 2 MinutesBrainstorming on Off-Plan Sales Abdulaziz Al-Issa noted that the recently adopted off-plan sales and leasing system all the incentives needed to boost confidence in this vital and important sector. It reflects the growth of the real estate development sector in the Kingdom by increasing competition in the delivery of real estate products and urban suburbs, thereby ensuring that quality is the deciding factor… Read more

“National Housing launches fourth edition of Wa'ed program to train 150 citizens

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Reading time: 2 MinutesThe National Housing Company (NHC) announced the launch of the fourth edition of the “Wa’ed” program, designed to train and qualify 150 young Saudi men and women in a number of fields, at the Interactive Center in the Khuzam district north of the capital, Riyadh. The program builds on previous cohorts and fulfills its vision of investing in the development of the next generation of recent graduates across various disciplines and universities, through … Read more

Key to Real Estate Broker Success

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Haitham Bin Hamad - Haitham Bin Hamad

Reading time: 2 Minutes  The Key to Success for Real Estate Agents: Haitham bin Hamad There is no doubt that real estate agents seek to close successful sales with high commissions, and their efforts are focused on finding these properties. and the search process can take several months, which adds significantly to operating costs, especially for those new to real estate marketing. In addition, fluctuations in … Read more

Tips for creating a personal or family budget

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Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 MinuteTips for Creating a Personal or Family Budget by Matar Al-Shammari 1. Make a list of all your monthly expenses (loans, rent, groceries). 2 – Make a list of essential items you cannot do without, and calculate their approximate cost. 3 – Set up an emergency fund to cover any unexpected expenses, sudden bills, or job loss. 4 – Identify the things you need to … Read more

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