Month: April 2010

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

One of the typical real estate development projects

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Reading time: < 1 MinuteEmlak Riyadh Engineer Hamza Al-Attas, General Manager of Durrat Al-Riyadh Real Estate Development Company, announced that the company has completed the infrastructure works of the Durrat Al-Riyadh suburb project by 100 % at a cost of more than 200 million SAR, in record time and according to the latest methods in establishing residential suburbs with a high and distinguished civilized level, which offers the Saudi family what they dream of from the privacy ... Read more

Riyadh's residential real estate index records an average decline of 57% in two weeks

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Reading time: < 1 MinuteAmlak - Riyadh ----- The residential real estate index in Riyadh issued by the Riyadh Notary recorded a decrease for the second consecutive week in the current month of 5, compared to the first two weeks of 4, where it recorded a decrease of 68% and 47%, respectively, as the value of transactions in the first week of 4 amounted to about 1.765 billion riyals compared to ... Read more

Housing Authority considers building more than 4,500 housing units in 7 regions of the Kingdom

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Reading time: < 1 MinuteAmlak - Riyadh ____________ The Public Authority for Housing is currently studying the offers submitted for the construction of 2290 housing units distributed in four regions, including the Najran Housing Project in the Najran region, which includes 1062 housing units, the Sakaka Housing Project in the Al-Jouf region for 364 units, the Arar Housing Project in the Northern Borders region for 615 units, and the Bish Housing Project in the Jazan region for ... Read more

CEO of Al Othaim Investment and Real Estate Development Company:

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Reading time: 5 MinutesSaudi Arabia needs 100 malls worth 20 billion riyals within 10 years ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ Riyadh leads Saudi cities in the number of major shopping malls and the fastest growing malls ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ Mr. Fahad bin Abdullah Al Othaim, CEO of Al Othaim Real Estate Investment and Development Company stressed the importance of the real estate industry in the Kingdom in pushing the wheel of development and achieving more progress and prosperity for citizens, indicating ... Read more

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