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Saudi Central Bank announces the authorization of the Saudi Housing Guarantee Services Company «Damanat»

Reading time: < 1 Minuteأعلن البنك المركزي السعودي “ساما” الترخيص للشركة السعودية لخدمات الضمان الإسكاني “ضمانات“، وهي شركة مملوكة لصندوق التنمية العقارية​؛ وتختص بمزاولة نشاط التأمين في فرعَي “التأمين ... Read more

10/07/2023

Saudi Central Bank
Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Granting the Off-plan Sale and Leasing Committee the authority to refer the documents of stalled projects to notaries is in line with its tasks and objectives

Government Procurement - Ministry of Finance - Real Estate Investment

 Ministry of Finance releases draft executive regulations for the new Government Tenders and Procurement Law

Accreditation of the Saudi Housing Guarantee Company

Minister of Housing thanks the leadership for approving granting the off-plan sales committee the authority to refer stalled projects to the notary public

Ministry of Justice - Ministry of Justice - Real Estate - Lease - Emptying Real Estate - Real Estate - Commercial Cases - Real Estate

The Minister of Justice issues a decision allowing the registration of grant deeds in the name of the confirmed heirs without requesting agencies

Real Estate Contributions - Sale of Real Estate

Governor of the General Real Estate Authority announces the release of the first draft of the Real Estate Brokerage Law and the Real Estate Contributions Law to solicit public feedback

Buying real estate

Prince Saud bin Talal appreciates the Cabinet's decision to transfer the real estate registration jurisdiction to the Public Authority for Real Estate

Land - Investment

Minister of Energy and Industry issues 6 ministerial decisions to expropriate a number of lands for interfering with government projects

System of competitions

New Tenders Law eliminates the execution of projects at the contractor's expense and only requires termination of the contract and confiscation of the financial guarantee

Makkah Real Estate - Property Ownership

The privileged residency system allows ownership of real estate for residential purposes, utilization of real estate in Makkah and Madinah, and commercial investments

Rental Properties - Real Estate - Real Estate - Real Estate Funds - Rental - Licensing -... Real Estate Deals - Real Estate Exchange

Public Authority for Real Estate begins piloting real estate registration in Riyadh

Royal order

Al Mansouri thanks the Custodian of the Two Holy Mosques and the Crown Prince for the royal trust and his appointment as head of the General Authority of Civil Aviation

Sale of real estate

Pursuant to the decision of the Council of Ministers The Public Authority for Real Estate starts preparing the draft of the Real Estate Registration System

Accreditation of the Saudi Housing Guarantee Company

Minister of Housing praises the decision to grant the General Authority for Real Estate the authority to supervise the real estate registration system

Real Estate Registration - Kingdom Budget

Cabinet approves Public Authority for Real Estate to take over real estate registration functions

Off-plan sales

To incentivize real estate developers and city development Adoption of licensing rules for SMEs in off-plan sales

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