{"id":52108,"date":"2022-10-13T13:14:20","date_gmt":"2022-10-13T10:14:20","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=52108"},"modified":"2022-10-13T13:14:20","modified_gmt":"2022-10-13T10:14:20","slug":"%d8%b1%d9%8a%d8%b3%d8%aa%d8%a7%d8%aa%d9%83%d8%b3-%d8%ac%d8%af%d8%a9-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d9%8a%d8%aa%d9%86%d8%a7%d9%88%d9%84%d9%8f-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%82","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/52108\/","title":{"rendered":"\u201cJeddah Real Estate Restatex\u201d addresses immediate entitlement, real estate brokerage, valuation and the impact of Ejar network"},"content":{"rendered":"

\u00a0<\/strong>\u00a0<\/strong>During its workshops held on Tuesday, Restatex Jeddah Real Estate Exhibition discussed immediate entitlement and real estate development mechanism, real estate brokerage and its ethics, the legal and statutory responsibility of brokers, and the impact of the Ejar network on the real estate rental market.<\/p>\n

Instant entitlement and development mechanism<\/strong><\/span><\/h4>\n

The first workshop, titled \u201cThe Journey to Ownership,\u201d was attended by Ayman Mohammed Saleh, Undersecretary of the Ministry of Municipal and Rural Affairs and Housing for Beneficiary Empowerment and Housing Support, and Walid bin Zaid Al-Nozhan, Vice President of the Financing Solutions Group at the Real Estate Development Fund (REF).<\/p>\n

The speakers addressed several topics, including immediate eligibility and real estate development mechanism, products and beneficiary segments, packages and housing support, Sakany platform and Sakany e-services, indicating that the ownership rate in the Kingdom reached 60%, and that one of the targets of the Kingdom's Vision 2030 is to reach the ownership rate to 70%, through the Ministry's targeting 4 pillars to achieve it, namely: Housing finance and support, supply support, regulations and legislation, electronic platforms and advanced digital solutions.<\/p>\n

They pointed out that previously, 20,000 families were served per year, and with the Kingdom's Vision 2030 and the ministry's strategy, the service was provided to nearly 20,000 families within one month, as the number of beneficiaries exceeded 1.6 million beneficiaries.<\/p>\n

They pointed out that the Sakani program aims to facilitate the procedures of enabling the Saudi family to own their first home by providing a range of housing solutions and options that suit the needs of the beneficiaries, as the program offers several products, namely: Self-building, ready-to-market units, housing support packages, under-construction projects, and residential land.<\/p>\n

Participants discussed the suburbs established by the Ministry, including Al Jawan, which has more than 73,000 housing units, Al Waha, which has more than 19,000 units, Al Mayar, which consists of 17,000 housing units, Al Jawhara, which has more than 6,000 units, Al Sadeem, which consists of 6510 units, Al Dar, which consists of 6831 housing units, and Al Khayala, which has 3412 units, which provides its residents with an attractive residential environment, integrated facilities and services, competitive prices, and various building models and designs.<\/p>\n

The participants pointed out the achievements made by Sakani and the most prominent digital transformation points, including immediate eligibility, financing recommendations, waiving support between spouses, choosing housing products, reviewing and booking housing projects, reviewing and signing the contract for residential lands, e-finance, bearing the first home tax, real estate market, engineering designs, issuing building permits, list of approved contractors, list of engineering supervision, interior design of homes, documentation and review of the lease contract, and Sakani reports.<\/p>\n

Introduction to Real Estate Brokerage<\/strong><\/span><\/h4>\n

The second workshop, titled \u201cIntroduction to Real Estate Brokerage,\u201d provided an introductory overview of real estate brokerage, which aims to develop participants' skills in contracting using the Ejar system to rent residential and commercial units efficiently.<\/p>\n

The workshop addressed several topics, including the professional ethics of the real estate broker, which helps to protect the client in real estate exchange processes such as selling, renting or managing property, the statutory and legal responsibility of real estate brokers, and introducing the Ejar network and the unified lease contract.<\/p>\n

Real estate valuation Organization and development<\/strong><\/span><\/h4>\n

The third workshop was titled \u201cReal Estate Valuation Regulation and Development\u201d in which the Director of the Communication Department at the Saudi Commission for Accredited Valuers, Saad bin Sulaiman Al-Bayez, addressed the roles of the Commission, which are to regulate the valuation profession, set the necessary standards and legislation, develop the valuation profession and raise the level of its workers professionally, technically and ethically, raise awareness in increasing community confidence in the valuation profession to the level of prestigious professions, qualify and accredit residents to practice the valuation profession and monitor their performance, and activate professional control over members and licensed facilities according to international valuation standards.<\/p>\n

He explained that no natural or legal person has the right to practice the appraisal profession in any branch of appraisal unless he is licensed to practice the profession in the same branch, stressing the importance of the certified appraiser, who has the basic conditions of the appraisal profession, which are a licensed professional working according to international standards, independent and neutral in the appraisal process, and legal responsibility for appraisal reports.<\/p>\n

The impact of the Ejar network on the real estate rental market<\/strong><\/span><\/h4>\n

The fourth and final workshop on Tuesday discussed \u201cThe impact of the Ejar network on the real estate rental market and its relationship with improving the investment environment.\u201d Ejar's Senior Customer Relationship Manager Abdulrahman Al-Sanan pointed out that the Ejar program exceeded 4.5 million electronic rental contracts documented in the electronic network for rental services, and about 4 million rental transactions recorded by the rental index until the end of September.<\/p>\n

He explained that the \u201cEjar\u201d program is an integrated electronic network that aims to organize the real estate rental sector in the Kingdom, preserve the rights of the parties to the rental process (tenant, lessor, and real estate broker), and provides a set of electronic solutions that contribute to the development of the real estate rental sector, its organization and facilitation, in order to achieve balance in the sector, enhance confidence in it, and contribute to stimulating investment in it, by documenting contracts, activating their use as executive documents, preserving the rights of all parties to the rental process, with unified electronic contracts approved by the Ministry of Justice; It contributed to reducing disputes in the real estate rental sector and raising its efficiency.<\/p>\n

He explained that Ejar offers electronic options and tools that represent added value in the real estate sector, including: The electronic receipt and delivery service, the rental behavior service to evaluate the rental experience, the rental index, the contract registration service through real estate platforms, the contract authentication service through Sakani platform - which was recently launched to enable the lessor or the tenant or their representatives to approve the authentication of residential rental contracts registered in \u201cEjar\u201d, as one of the channels to approve the documentation of contracts - as well as other services, in addition to the concerted efforts of a number of regulatory and service agencies. Other services, in addition to concerted efforts with a number of regulatory and service agencies, contributed to achieving these figures and realizing the aspirations of the beneficiaries of the rental property sector, whether landlord, tenant, real estate broker or investor.<\/p>\n

He stated that the residential leases documented in \u201cEjar\u201d exceeded 3.8 million contracts, while commercial leases reached more than 700 thousand contracts, and about 4 million rental transactions recorded by the rental index varied between residential and commercial deals in more than 16 cities covering all regions of the Kingdom, indicating that such data achieves transparency and stimulates investment in the rental property sector in the Kingdom, noting that the service can be accessed on the \u201cSakani\u201d platform via the link: https:\/\/sakani.sa\/reports-and-data .<\/p>\n

He explained that \u201cEjar\u201d provides services and works to develop them continuously to contribute to reducing disputes and preserving the rights of the parties to the contract, in addition to having strategic partnerships with service agencies to enable the parties to the lease contract to transfer services in the name of the actual beneficiary of the rental unit, in addition to proving financial transactions between the parties to the rental process through electronic payment, and providing various payment channels for rental payments, including: \u201cMada and SADAD.<\/p>\n

 <\/p>\n

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