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Insurance Commission: Approval of Damanat's off-plan developer financing guarantee product

Reading time: < 1 MinuteThe Insurance Authority announced the approval of the Saudi Housing Guarantee Services Company's off-plan developer financing guarantee product for group customers.... Read more

The product aims to enable developers to obtain funding and promote innovative insurance products with the need to verify the product number.

10/07/2024

Real Estate Prices - Real Estate

الهيئة العامة لعقارات الدولة تطرح مسودة “نظام نزع ملكية العقارات للمصلحة العامة ووضع اليد المؤقت على العقار”

King Salman bin Abdulaziz - Electricity Services

Cabinet approves providing electricity and water services to beneficiaries without requiring any certificate

Conciliation platform

Ministry of Justice issues 10,897 rulings during the suspension of attendance at workplaces

Municipal Affairs - Rental Properties - Real Estate

“The Ministry of Municipal and Rural Affairs grants 60 new powers to regional and governorate secretaries, deputy ministers and department directors

Retail Housing Finance

Royal orders limit unlicensed finance activity and set controls to prevent the exploitation of defaulters

Royal Orders - Private Sector - Labor Market

Royal orders modify curfew times and allow some economic activities, including contracting and factories, to operate

Buildings - Commercial Register - Contracting Projects - Workers' Residences - Shops - Construction - Real Estate - Investment

Private sector contracting projects with more than 50 workers exempted from working during curfew

VAT Payment - Real Estate

Ministry of Housing issues more than 215,000 VAT certificates for first home

Ministry of Justice Notarization - Real Estate Notarization

Ministry of Justice performs more than 11,000 real estate-related notarizations since the start of remote work

Buildings - Commercial Register - Contracting Projects - Workers' Residences - Shops - Construction - Real Estate - Investment

Adoption of the health conditions regulation for the updated workers' residences to prevent the spread of the novel coronavirus

Saudi Council of Engineers

الهيئة السعودية للمهندسين تمدد عضويات المهندسين وصلاحية تراخيص المكاتب والشركات الهندسية

amlak 194 - Real Estate Finance

Shura Housing Committee discusses Real Estate Fund report Recommendations to review financing contracts and standardize the formulas issued by banks

Ministry of Interior - Shalhoub 200 eServices

Interior offers 200 e-services for procedures and inquiries

Ministry of Human Resources - Labor Law

Adding a new article to prevent crises «Human Resources» clarifies the contractual relationship between employees and employers

Spain - Renting Real Estate

Spanish government requires large landlords to cut rents by 50% and bans tenant evictions for 6 months

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