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Real Estate Brokerage Law comes into effect Survival of the trainee who adheres to the system

Reading time: 2 MinutesThe real estate brokerage system came into effect after a six-month corrective period to evaluate the experience, fulfill the conditions and address the distortions, Amlak newspaper conducted a survey on the experience of the system and the reasons for continuing in the profession.

01/08/2023

Real Estate Brokerage System
PRA and Land Registry launch real estate developer portal during Cityscape

PRA and Land Registry launch real estate developer portal during Cityscape

A platform within the Real Estate Registry to document off-plan sales projects and issue and digitally convert certificates into title deeds.

«Industry» issues 28 mining licenses in August

The licenses included exploration, quarries, and surplus ores, bringing the total number of active licenses to 2,288 by the end of August.

Infographic: 11 local and international companies win exploration licenses for 6 mining sites

The tour included 6 sites in Riyadh, Makkah and Asir, with 44 offers, and companies pledged to spend 75 million and 5 million riyals for development.

Shura Council

Shura Council discusses the annual report of the Real Estate Fund amid calls to reduce the prices of housing products

Council members suggested Aramco-like housing programs, incentives for retirees and the use of artificial intelligence for market forecasting

Ministry of Municipalities and Housing organizes GCC standardized classification workshop for contractors

A workshop in Riyadh attended by the General Secretariat and representatives of the Gulf countries to discuss the development of a guide and mechanisms for the unified classification of contractors.

Dr.. Dr. Moans Shujaa writes about: Teamwork and Startups

Executive or ownership management for family businesses

The separation of management and ownership strengthens governance, increases investor confidence, and ensures the sustainability and expansion of family businesses.

Zakat, Tax and Customs Authority

Determining the selection criterion for Group 17 to implement the “connect and integrate” phase of e-invoicing

The group includes establishments whose taxable income exceeded SAR 2.5 million in 2022 or 2023.

Off-plan real estate projects

Violations detected and reports received “Real Estate Authority” conducts 15 rounds of monitoring to ensure compliance during October

KDIPA visited 192 establishments, monitored 764 advertisements and received 271 reports during October

Evaluation Logo - Saudi Organization for Certified Valuers

Survey on modifying the compensation mechanism for expropriated property appraisers

KDIPA invites participation until November 11 to propose a mechanism to distribute fixed bonuses and assignment compensation according to clear criteria

Real Estate Authority official reveals how emerging technology is shaping the future of proptech What is it?

The General Real Estate Authority launches the Saudi Proptech Center and four initiatives to promote innovation and attract investment in real estate technologies.

Shura Council

Shura Council approves the amendment of the Saudi Building Code Implementation Law

Replace the "National Committee" with the Saudi Building Code Center and amend the text to make the Minister of Municipalities and Housing the Chairman of the Board of Directors of the Authority.

Off-plan real estate projects

Requirements for obtaining the premium sorting service from the Real Estate Authority and the application mechanism

KDIPA clarifies the documents (electronic deed, license, meters, AutoCAD plan) and the steps for automated submission through an accredited engineering office.

New initiative: Real Estate Authority allows real estate tech companies and innovators to test their products

KDIPA launches a pilot regulatory environment to enable proptech companies to test their technologies and develop regulatory frameworks.

Land Registry signs 3 agreements at Proptech Summit to empower real estate tech companies

Agreements allow Proptech companies to access trusted data via API and support sandbox initiatives

Real Estate Advertising Regulations

In detail... Draft amendments to the rules governing the provision of real estate appraisal services to financial entities

KDIPA invites interested parties to submit comments on amendments regulating real estate appraisal times and procedures and rejection conditions.

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