Month: May 2025

In detail. Learn about the amendments to the white land fee system and vacant properties

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White Land Fees Program

Reading time: 2 MinutesIn a new regulatory move aimed at stimulating the use of land and buildings within cities and addressing the phenomenon of real estate monopolies, the Official Gazette yesterday revealed details of the new amendments recently approved to the Vacant Land and Real Estate Fees System, which were approved by the Cabinet, including extensive changes such as adding vacant properties to the scope of the system and changing its official name to “White Land and Real Estate Fees System … Read more

Sharqiya Municipality reviews its services in supporting developmental housing projects in the region

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Eastern Province Municipality - Residential Plans

Reading time: < 1 MinuteThe Eastern Province Secretariat, represented by the Housing and Development Agency, yesterday showcased its services in supporting developmental housing projects in the region, facilitating procedures, and coordinating efforts with relevant authorities to enhance integration. This took place as part of the “Ma’mar” Forum, organized by the Ma’mar Association in its inaugural edition under the theme “The Future of Developmental Housing in Light of the Kingdom’s Vision 2030 and Global Trends,” at the headquarters of … Read more

Creating Opportunities in a Recession

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

Reading time: 2 MinutesCreating Opportunities in Times of Stagnation by Abdulaziz Al-Issa The real estate market is subject to numerous economic fluctuations that cause it to rise and fall, often dictating its trajectory. As a result of these fluctuations or in anticipation of a particular event, the sector experiences a temporary stagnation in supply and demand. Sometimes supply is available but does not meet demand, and here too … Read more

«Al Bakiri Real Estate Auctions launches »Dhuruh« auction in Riyadh

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Al Bakiri Real Estate Auction Company announces the “Dhuruh” auction in Riyadh

The auction offers a promising and fruitful commercial complex with various opportunities, in a strategic location within Riyadh's investment sites, with an estimated area of 4,090.6 square meters.

The complex consists of 30 offices and 11 commercial galleries in a privileged location in Al Saada neighborhood, east of Riyadh. The complex is also located near major roads and vital areas, making the complex an investment destination that inspires all investors

The auction is an attractive opportunity for all those seeking investment and business success in the capital of investment, Riyadh

The online auction will take place on May 26 via the Saudi Auction Platform.
https://www.auctions.com.sa/auction_live/19191

Auction brochure
https://www.auctions.com.sa/web/content/auction.attachments/1751/file

Introductory video
https://youtu.be/3-kgijIOyho?si=udzkJfKEvFz7Fmh9

The team at Al Bakiri Auctioneers welcomes all your inquiries via the following numbers:
0599743377- 0557383377

Municipality of the Holy Capital signs an agreement to preserve the urban and civilizational identity of Makkah

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Residential program

Reading time: < 1 MinuteThe Secretariat of the Holy Capital signed a cooperation agreement with a real estate company as part of its commitment to fostering meaningful community partnerships aimed at raising public awareness of the importance of preserving the cultural character and urban identity of the Makkah region, and to foster a culture of participation in integrated urban development efforts. The Secretariat explained that the agreement outlines joint efforts between the two parties in the areas of … Read more

Survey: How do real estate brokers cope with market downturns?

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1Real Estate Market Recession Survey

Reading time: 6 MinutesHow Do Real Estate Brokers Cope With Market Downturns? Interview: Abdullah Al-Saleh: Real estate brokers face significant challenges during the market downturns that occur from time to time, depending on the changes taking place in the sector. In these circumstances, outstanding agents demonstrate their abilities and skills in closing successful deals, while others devote their efforts to planning for the period after this phase. … Read more

«Jazan Chamber launches »Possible Ambition« initiative to empower entrepreneurs

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Jazan Chamber

Reading time: < 1 MinuteThe Jazan Chamber of Commerce has launched the “Ambition Is Possible” initiative, aimed at empowering entrepreneurs in the auto parts sector. This initiative is part of the Chamber’s efforts to support and empower male and female entrepreneurs in the region and to open new horizons in promising sectors, foremost among which is the auto parts sector, which is witnessing remarkable growth and increasing interest from local investors. The initiative, held at the Chamber’s theater, includes a meeting for entrepreneurs to discuss … Read more

«Zakat invites businesses subject to excise tax to submit their returns for March and April

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Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax, and Customs Authority has called on businesses subject to the selective tax to file their tax returns for March and April 2025 by May 15, 2025, at the latest. It urged businesses to promptly file their returns via the website (zatca.gov.sa) to avoid a late filing penalty of 51% of the tax amount that was … Read more

«Enforcement» is overseeing 31 auctions to sell 218 assets across 8 regions

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Residential program

Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaaz” announced that it will hold 31 public auctions, both in-person and online, to liquidate and sell 218 assets across eight regions of the Kingdom during the period from May 11 to 20, 2025. It explained that the auctions will be held in various regions of the Kingdom, with 11 auctions to be held in the Riyadh region to offer 52 properties, and 9 auctions in the Makkah region … Read more

The smart developer is the one who reads the variable. Producing and selling private housing units for non-subsidy beneficiaries

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Abdulrahman Al-Qout - Real Estate Sales - Multiple Options - Selling Residential Units

Reading time: 2 MinutesA smart developer is one who anticipates change… Building and selling private residential units to non-subsidy recipients Abdulrahman bin Ali Al-Qut Since the Cabinet announced that it would allow the Ministry of Municipalities and Housing to sell its residential units to non-subsidy recipients, the Saudi real estate market has been moving confidently toward a new, more comprehensive and expansive phase. But what interests me as an observer of this sector is what this decision means… Read more

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