Month: April 2010

“Amlak surveys investors, developers and real estate offices on the effects of the global financial crisis on the real estate sector

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Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: 5 MinutesReal estate overcomes the effects of the global financial crisis and the boom is coming strongly.Market conditions are good and major developers are gradually returning with giant real estate investment projects.Offices complain: Demand is greater than supply, but prices are overpriced!!!Warnings against rumors and speculation, and the mortgage moves the real estate investment market and supports it. ”Real estate is sick and does not die” and real estate investment has no fear What is the reality of the conditions of ... Read more

A new vision for real estate journalism: Amlak celebrates its first issue in conjunction with the opening of the Saudi Real Estate Exhibition 2010

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

Reading time: 2 MinutesAmlak newspaper is the first real estate newspaper in the Kingdom that seeks to provide a distinctive journalistic service in real estate, contributing to the knowledge of the community in general and those interested in the real estate industry in particular. Like any mature project, the actual preparation for the implementation of this bright idea began years ago, and we faced many difficulties and challenges, which we were able to overcome and ... Read more

King Saud University researcher calls for building housing with precast concrete

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Reading time: 3 MinutesA scientific study has called on local real estate developers to move towards building housing with precast concrete instead of traditional construction methods, which it emphasized are no longer able to meet the required needs of housing units. The study, prepared by King Saud University's College of Architecture and Planning, said that the use of manufactured building systems will reduce ... Read more

Al-Shuwaier: Saudi Arabia has strong factors to attract investments

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Reading time: < 1 MinuteMr. Hamad bin Ali Al-Shuwayer, Chairman of the National Real Estate Committee at the Council of Saudi Chambers of Commerce and Industry, stressed the Committee's interest in seeking to build an effective real estate industry and make it a strong partner for economic and social activities and help enable it to achieve its goals with high efficiency. He said that in order to achieve these goals, the committee has developed a strategy that defines its steps and directions to achieve this goal and build ... Read more

In cooperation with Johnson Controls Environmental Protection, Argan Projects Company contributes to the improvement and development of the environment by planting the Cordoba Houses project.

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Reading time: < 1 MinuteIn line with the social responsibility plans followed by Argan Projects Company, and within the company's activities in protecting the environment, and realizing the importance of environmental awareness and spreading it in the community, Argan Projects Company, in cooperation with Johnson Controls, implemented an afforestation program for the Cordoba Houses residential project northeast of Riyadh. The company's General Manager, Mr. Iyad bin Abdulrahman Al-Benyan, stated that this ... Read more

Failure of some projects does not reflect the reality of the market and some attribute it to mismanagement and poor studies.

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Reading time: < 1 MinuteAmlak Al Diyad The reality of stalled projects and about the crisis of stalled projects, CEO of Danat Real Estate Company Saud Al Rushoudi believes that the stalled projects are very few if compared to the size of the huge market, considering that the failure of some projects does not give a true indication of the existence of a crisis, nor does it reflect a true accurate representation of all existing projects, while the executive director ... Read more

Questions for top realtors and investors:

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Reading time: 3 MinutesEmlak - Al-Diyad Q1: How do you see the real estate reality in Riyadh now? The real estate situation is currently in a phase of anticipation, although the demand for residential real estate in the Kingdom, especially in major cities such as Riyadh, is steadily increasing, as the supply of housing units does not meet the increasing demand, which resulted in a significant increase in the value of rents and sales, and this ... Read more

«Century 21» has a total rental area of 5300 m2 Marketer of «Okta» office project in Al Malaz neighborhood in Riyadh

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Reading time: 2 MinutesAn artist's rendering of the facade of the Okta project. Century 21 Saudi Arabia and Okta Group for Real Estate Investments have signed a contract for the exclusive marketing of the Okta project located in the Al Malaz neighborhood on Omar bin Abdulaziz Road. The contract was signed by Alwaleed Hamad bin Zouman, General Manager of Century 21 Saudi Arabia, and Khalid Al Hamad, General Manager of Okta Group. The project is characterized by easy access to ... Read more

Investments of 87 million riyals: Trade approves the establishment of 6 new joint stock companies in real estate investment

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Reading time: < 1 MinuteAmlak - Riyadh ------- His Excellency the Minister of Commerce and Industry, Mr. Abdullah bin Ahmed Zainal, approved the establishment of 6 closed joint stock companies in the field of real estate investment and operation with an estimated investment of about 87 million riyals, namely Manazel Al Faihaa Commercial Investment Company, Manazelna Investment and Real Estate Development Company, Port Development Company, Al Rasakhat Distinguished Real Estate Investment Company, and Al Ghoroub Holding Group. ... Read more

The Real Estate Development Fund injects 370 million real estate loans for citizens in Riyadh.

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Reading time: < 1 MinuteAmlak - Riyadh The Real Estate Development Fund has approved 1223 real estate loans for the construction of housing units in Riyadh, valued at approximately 370 million riyals, which contributes to increasing the demand for land and newly built housing units, and is expected to contribute to increasing the demand for building materials during this year. The government of the Custodian of the Two Holy Mosques ... Read more

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