Month: July 2010

Targeting the privileged segment of society, Rafal Real Estate Development Ltd. is a major sponsor of the 4th AXIS Auto Show.

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Reading time: 2 Minutes Riyadh Emlak Riyadh - 03/07/2010 - Rafal Real Estate Development Co. Ltd. announced that it will sponsor the fourth Axis luxury car show to be held at the Hilton Grand Hotel in Riyadh. This follows the signing of a sponsorship contract with the Specialized Systems Company for Exhibitions and Conferences, which is organizing the Access Luxury Car Show for the fourth consecutive year with great success. It was completed ... Read more

Drake & Scull International secures its second major contract in Saudi Arabia worth 460 million

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Reading time: 2 Minutes Riyadh Amlak has been awarded Drake & Scull International S.A.O.E. L.L.C. PJSC, the region's leading mechanical, electrical and plumbing (MEP) engineering company, has won a SAR 460 million contract for the Mechanical, Electrical and Plumbing (MEP) works for the ICT Center project in Riyadh. Drake & Scull International will execute this project in partnership with Zamil Group, which is ... Read more

RERA Hosts the First Middle East Real Estate Association Conference

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Reading time: < 1 Minute Riyadh Emlak The Real Estate Regulatory Agency (RERA), the regulatory arm of the Dubai Land Department (DLD), is hosting the first conference of the Middle East and North Africa Real Estate Association (MENARES). The conference comes in an important step to encourage regional cooperation and communication between all parties to the real estate equation by providing opportunities for discussion between professionals, investors, academics and public sector officials in order to encourage cooperation, ... Read more

- Bilda CEO ” SAR 120 billion construction market size in Saudi Arabia

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Reading time: 4 MinutesMr. Ahmed bin Abdullah Al Mohsen, CEO of Balada Mall, confirmed that they are working to provide all services related to the construction and design activity under one roof in order to provide all the services needed by the customer, and revealed in an interview with Amlak newspaper about the company's expansion plan to open similar complexes in major cities such as Jeddah in the Kingdom, as well as ... Read more

Installment Trading...Verb...Verb...Reply...Verb

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Reading time: 12 MinutesInstallment trading...action...reaction...action Tips from Al-Sayeh for religion.... Take as much as you need and avoid stocks Al-Hammad: Tahani Al-Hammad: Deducting more than a third of the salary is an unfortunate decision by the Monetary Authority Abdulkarim Al-Shadoukhi: Credit check revitalizes the installment market Al-Dariwish: The installment business is worthwhile because the interest charged to the debtor is rewarding. Anas Al-Shadoukhi: Society's view of the creditor as an oppressor is not fair... Read more

SAR 200 million worth of a new real estate deal in Jubail, Saudi Arabia

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Reading time: < 1 Minute Riyadh Emlak Last week, Jubail Governorate in Saudi Arabia witnessed a major real estate deal, which consisted of the purchase of a land plot located on an area of 855,000 square meters on Tahlia Street in the governorate at a cost of 200 million riyals. Abdul Latif Al-Nimr, the new owner of the land, told Al-Eqtisadiya that the real estate deal that took place consisted of the purchase of a plot of land ... Read more

Jeddah Municipality grants 97 foreign investors professional licenses in real estate and shops

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Reading time: 2 Minutes Riyadh Emlak The Jeddah Municipality announced the granting of 97 foreign investors professional licenses in real estate and commercial investment fields, amid official assurances to support foreign and local investments and provide the required facilities for them. A statement issued by the Jeddah Municipality said that «the Department of Licenses and Commercial Control at the Jeddah Municipality issued 12,650 health certificates for workers during the past month, while the Department of Licenses and ... Read more

Panda opens a new market in Riyadh's Al Rawda neighborhood

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Reading time: < 1 Minute Riyadh Emlak The Executive Director of Business Development at Al Azizia Panda United Company, Mr. Hazem Mohammed Al Dabbagh, inaugurated a new market for Panda in Al Rawda neighborhood in Riyadh, and confirmed that this branch is characterized by a careful design that takes into account the comfort and pleasure of family members during shopping, as the sales area of the market is 1700 square meters, and Engineer Ahmed Omar Manshi - Vice President of Marketing ... Read more

Hotel occupancy in the city reaches 60 % and the average price is 650 riyals per room

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Reading time: < 1 Minute Riyadh Emlak The occupancy rate of hotels in Madinah reached about 60% at the end of last week, according to dealers in the hotel sector, to record an average of 62% last Wednesday, approaching the levels recorded before the start of the vacation seasons, while the average room rates for hotels (five-star category) were in the range of 650 ... Read more

Prince Sattam expresses his admiration for “Amlak” as the first newspaper specialized in real estate in the Kingdom and praises its professionalism and credibility

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Reading time: < 1 MinuteHis Royal Highness Prince Sattam bin Abdulaziz, Acting Governor of Riyadh Region, praised the launch of Amlak newspaper as the first specialized real estate newspaper in the Kingdom, and expressed his admiration for the professional level at which it appeared, and congratulated the newspaper's staff and urged them to exert more effort and strive for further professional development to serve and revitalize the real estate market in the Kingdom. His Highness said upon receiving a copy of ... Read more

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