Month: August 2024

“Electricity Regulatory Authority (ERA) seeks feedback on prepayment-for-consumption regulation document

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Reading time: < 1 MinuteThe Saudi Electricity Regulatory Authority (SERA) has launched the prepayment controls document on a survey platform, inviting the public and interested parties to express their views on the document no later than September 9, 2024. According to the authority, the prepayment controls document aims to increase the satisfaction of consumers and applicants for electric service in the Kingdom of Saudi Arabia. The document also reviews the controls ... Read more

The impact of competing real estate developers on the market and investors

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Anas Khamisi 2- Real Estate Developers

Reading time: < 1 MinuteThe impact of real estate developers' competition on the market and investors Anas Khamisi In the world of real estate, competition between real estate developers is a key element in shaping the features of the market, with increasing demand for residential and commercial properties, developers strive to offer innovative and distinctive projects that attract buyers and investors alike. This competition stimulates innovation in design, improves construction quality, and offers ... Read more

“Damanat signs global strategic partnerships to boost Saudi mortgage market

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Saudi Housing Guarantee Company (Damanat)

Reading time: < 1 MinuteThe Saudi Housing Guarantee Services Company (Damanat) achieved its targets for its trip to the United States of America as part of the official delegation accompanying His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, where Damanat succeeded in concluding a number of framework agreements to cooperate with leading American companies and international financial institutions to enhance the Saudi mortgage market, as these partnerships aimed to attract foreign investment, diversify ... Read more

Poll on state property allocation and reclamation regulations open until September 10

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Public Authority for State Properties

Reading time: < 1 MinuteThe General Authority for State Real Estate (GASRE) has put the draft controls for the allocation and recovery of state real estate on a polling platform, starting from August 26, 2024, until September 10, 2024. According to the authority, these controls aim to regulate what is related to the allocation and recovery of state properties, without prejudice to the relevant regulations, orders, decisions and agreements. To view the draft controls for the allocation of real estate ... Read more

Details... Draft rules and procedures for the state real estate registry to be released on a polling platform

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Public Authority for State Properties

Reading time: < 1 MinuteThe General Authority for State Real Estate (GASRE) has put the draft rules and procedures of the state real estate registry on a survey platform, for consultation starting from August 26, 2024, until September 10, 2024. According to the authority, these rules aim to establish the necessary procedures to stabilize the state's ownership of all its real estate, and develop an integrated database of state real estate, which includes recording all changes to real estate ... Read more

Al-Haqeel sponsors the closing ceremony to honor the winners of the Baladi Imprint Award

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Reading time: < 1 MinuteHis Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al Haqeel, yesterday sponsored the closing ceremony to honor the winners of the “My Baladi Footprint” award organized by the Development Housing Agency, which aims to encourage individual and institutional innovations and initiatives to improve the urban landscape in public facilities in various cities of the Kingdom. The award witnessed many entries from individuals and institutions from the private and non-profit sectors, in addition to ... Read more

“Real Estate Fund: Enabling 18,500 beneficiaries to own their homes with the lowest financing profit margin

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Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Reading time: 2 MinutesThe Real Estate Development Fund revealed that 18,500 beneficiaries benefited from the “lowest profit margin” financing solution during the period from September 2023 until the end of the first quarter 2024. The financing solution provided the lowest competitive profit margin in the real estate finance market in the Kingdom for the beneficiaries of “Sakani” with the support of the “Real Estate Fund” in partnership with a number of financing entities, where the beneficiaries of housing units ... Read more

With prizes of 100 thousand riyals. Architecture and Design Authority launches “Your Design in Every Home” competition”

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Architecture and Design Authority

Reading time: < 1 MinuteThe Architecture and Design Authority (ADA) announced the organization of the “Your Design in Every Home” competition to support and encourage local designers in the industrial design sector and promote creativity, by providing an opportunity to showcase their creativity by designing home products for Abyat, which will then be implemented and the winning products will be put on the market. The competition is part of KDIPA's efforts under the Josoor Program, one of the ... Read more

Riyadh's third phase of fencing off vacant land begins in early September

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Territory

Reading time: < 1 MinuteThe Riyadh Municipality will begin implementing the third phase of fencing off vacant land in early September in five locations in Riyadh, with the aim of enhancing the environment, reducing the visual distortion caused by white land, and showing the aesthetic side of the capital. The application of this phase comes as an extension of the Riyadh Municipality's efforts in urban development, environment and humanization of the city, which will include the Abi ... Read more

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