Month: October 2024

“Sakan” enables 1544 beneficiaries to own a home in Qassim

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Housing organization - housing unit

Reading time: < 1 MinuteThe private housing development foundation “Sakan” announced that it has helped provide more than 1,544 beneficiaries from the most needy families with adequate housing since 2021, including 533 housing units in 2024, which has helped meet the needs of a number of eligible families and sustain charitable giving in the Kingdom. This initiative is part of “Sakan’s” ongoing efforts to improve the quality of life … Read more

Quba Mosque Architecture and Expansion Project wins 2024 Islamic Project of the Year Award

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Reading time: < 1 MinuteThe project of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, for the construction and expansion of the Quba Mosque and the development of the surrounding area—which is being implemented by the Madinah Development Authority—won the “Best Islamic Project of 2024,” during the Third Saudi Summit on Construction and Infrastructure, which recently concluded in Riyadh. The project is considered one of the most prominent projects for the development and rehabilitation of infrastructure and expansions … Read more

Technology in Real Estate: “Digital Land” Is Transforming the Kingdom’s Real Estate Market

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Reading time: 2 MinutesIn a world where digital transformation is reshaping every sector, the real estate industry leads the way in areas driven by technological advancement. The Restatex Jeddah Real Estate Exhibition 2024 opened its doors to discuss new innovations, foremost among them the “Digital Land” platform, which represents a quantum leap in the field of digital real estate marketing. At Restatex Jeddah Real Estate 2024, a session titled “Technology in Real Estate Practices” was hosted… Read more

The role of technology in supporting the real estate development and contracting sector What is it?

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Smart cities

Reading time: 2 MinutesThe real estate development and construction sector has undergone a major transformation in recent years thanks to rapid technological advancements. These technologies range from artificial intelligence and the Internet of Things to 3D modeling and cloud technologies, all of which have contributed to improved efficiency, reduced costs, and increased transparency in operations. Benefits of Using Technology in the Real Estate Sector 1. Improved Efficiency and Productivity: Through the use of advanced software, it is possible to … Read more

4 Real Estate Opportunities at the Qalaid Auction

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Reading time: < 1 MinuteFirst Wealth Real Estate Company, under the supervision of the Enforcement and Liquidation Center (Enfaaz), pursuant to a ruling by the Personal Status Court and a decision by the Enforcement Court, announces the holding of an auction «Qalaid» on Sunday, October 27, 2024, in person at the Al-Takhasusi Hall in Riyadh and online via the Saudi Auctions Platform, at 4:00 p.m. The auction features four commercial and residential properties, which … Read more

“National Housing Authority allows registration of interest in 1900 housing units in Daniya Al Mashriqiya project

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Reading time: < 1 MinuteThe National Housing Company (NHC) has announced the launch of the expression of interest process for the Danaya Al-Mashriqia project, located east of Riyadh, featuring more than 1,900 residential units designed to the highest international standards, with prices starting at just 370,000 riyals, making it an investment opportunity and a unique destination for the future. The project offers high-quality housing options that meet the expectations of citizens seeking housing … Read more

Eligibility requirements for the Tamkeen program launched by the Real Estate Fund

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Reading time: < 1 MinuteIn a move aimed at improving living standards and promoting homeownership, the Real Estate Development Fund launched the Tamkeen program a few days ago. This program allows beneficiaries of the housing program to extend their mortgage payments over a 30-year period, marking a major shift in the Kingdom’s real estate landscape. The Fund’s launch of the Tamkeen Program represents a new strategic step aimed at enhancing citizens’ ability to … Read more

Exemptions from real estate transaction tax A comprehensive guide for beneficiaries

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Reading time: 2 MinutesAs Saudi Arabia seeks to streamline real estate transactions and reduce the tax burden in certain cases, the Real Estate Transactions Tax includes several exemptions that fully exempt parties from paying it. These exemptions vary depending on the type of real estate transaction and the beneficiary. In this report, these exemptions represent an important step toward fostering a conducive investment environment and bolstering confidence in the Saudi real estate market, thereby … Read more

Emir of Qassim hands over 840 housing units to beneficiaries of the region's development housing program

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Reading time: < 1 MinuteHis Royal Highness Prince Dr. Faisal bin Mishaal bin Saud bin Abdulaziz, Governor of the Al-Qassim Region, today handed over to beneficiaries of the Developmental Housing Program to complete the handover of 840 housing units in the Al-Qassim Region, in the presence of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail. His Highness the Governor of Al-Qassim Region explained that the region’s Developmental Housing Program stems from the importance attached to … Read more

Qassim Municipality conducts 24 inspection rounds to monitor construction violations

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Building license via Baladi platform

Reading time: < 1 MinuteThe Qassim Region Secretariat, represented by the Abanat Municipality, conducted 1,238 inspection visits during the third quarter of 2024, targeting commercial establishments, buildings, and visual disturbances to ensure compliance with approved requirements and regulations. The inspection rounds included 1,139 visits to commercial establishments, resulting in the issuance and renewal of 101 health certificates, in addition to the confiscation of more than 32 kilograms of unfit foodstuffs … Read more

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