Month: July 2010

Public Authority for Housing revitalizes the contracting market by offering 8404 housing units and approves the construction of 576 new housing units in Makkah, Madinah and Al Baha

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Reading time: < 1 MinuteRiyadh – Amlak: Dr. Shuwaish bin Saud Al-Duwaihi, Governor of the General Authority for Housing in Saudi Arabia, signed contracts for the construction of 576 housing units in the Makkah, Madinah, and Al-Baha regions at the General Authority for Housing headquarters in Riyadh. During the signing ceremony, he emphasized the government of the Custodian of the Two Holy Mosques’ commitment to everything that serves the citizens in various fields, explaining that … Read more

In the presence of a number of government agencies and the private sector, Justice organizes the first technical forum for judicial and documentation facilities

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Reading time: < 1 MinuteRiyadh – Amlak: Dr. Muhammad bin Abdulkarim Al-Issa, Minister of Justice, sponsored the First Technical Forum for Judicial and Notarial Authorities on Sunday, 15/07/1431 AH, at the Makarem Ballroom in the Marriott Hotel in Riyadh. Mr. Majid bin Ibrahim Al-Adwan, Acting Director General of the General Administration of Information Technology, stated that this forum, held under the patronage of His Excellency the Minister of Justice, included among its agenda items: a plan … Read more

General Manager of Al Ayed Industrial Group in a candid conversation with Amlak“

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Reading time: 7 MinutesOur interview with Mr. Ayed bin Abdulrahman Al-Ayed, General Manager of Al-Ayed Industrial Group, is a conversation with a special flavor, full of candor and sincerity. The group, which now holds the lion’s share of the Kingdom’s construction materials market at 62%, and with a massive transport fleet that delivers materials to customers at any location, is a model of an ambitious company that started from scratch to become one of the largest… Read more

* Older neighborhoods draw attention and lure investors with golden opportunities * Amlak monitors the phenomenon and talks to investors and real estate office owners about it

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Reading time: 8 Minutes* “Amlak” is monitoring this trend and discussing it with investors and real estate agents * There is active interest from investors looking for land and homes in old neighborhoods to renovate! * Old neighborhoods are close to the city center, markets, and services, and are in demand among expats and some Saudis * Construction costs are low, demand is high, sales are easier, and the investment is worthwhile! * We call on the municipality to redevelop these neighborhoods … Read more

«Real Estate» invests 330 million riyals in embassies By building 292 residential units with an area of 300-450 m2

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Reading time: < 1 MinuteDubai – Al-Aswaq.net Damac Properties has signed a construction contract worth 450 million riyals with Drake & Scull International for the “Al Jawhara” project in Jeddah, Saudi Arabia. The 42-story “Al Jawhara” project is located on the Jeddah Corniche on the Red Sea and has a total area of 86,196 square meters; this residential tower will feature five-bedroom penthouse units … Read more

Coral Hotels enters the Saudi hospitality market with two hotels in Riyadh and Al Nafar Group to operate a new hotel on the shores of Jeddah in mid-2011

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Reading time: 1 MinuteJeddah – Amlak: Coral Hotels & Resorts has entered into an agreement with Al Fanar Group to manage the group’s new hotel in Jeddah, as part of its commitment to expanding in the hospitality market in the Kingdom of Saudi Arabia. Coral’s major expansion in Jeddah is the result of a development strategy that will see the group strengthen its presence throughout the Kingdom, where it currently operates several hotels, including two in Riyadh, … Read more

Implemented by Tamkeen with innovative designs, the White Houses project provides 64 housing units in Dhahran

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Reading time: < 1 MinuteDammam – Amlak: At its most recent meeting, the Board of Directors of Tamkeen reviewed the progress of the housing projects the company is implementing in several cities in the Eastern Province, noting that they are proceeding according to plan. Ihsan Abduljawad, Chairman of the Board of Directors of Tamkeen Real Estate Investment and Development Company, confirmed the success of the meeting, noting that the progress of the work was reviewed … Read more

The existence of Sharia committees to ensure the implementation of financing clauses in accordance with a Sharia vision is a necessity

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Reading time: 2 MinutesRiyadh Real Estate is awaiting the long-awaited mortgage law, the details of which remain unclear to real estate professionals. Shura Council member Dr. Mazen Balila revealed that the Council will approve the mortgage law during its next session, after the Cabinet referred it back to the Shura Council for the second time due to discrepancies in some of the law’s provisions, to be subsequently submitted to … Read more

Summer in Riyadh raises hotel and apartment prices 30%

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Reading time: < 1 MinuteRiyadh – Amlak: The Saudi Commission for Tourism and National Heritage has approved a 30% increase in the maximum hotel rates effective from the beginning of this month through the end of September, and during official holidays except for weekends. The Authority has required hotel management and tourism facilities offering accommodation services to submit their marketing offers for review before implementing them for customers. Dr. Salah said … Read more

The second phase of the rankings reveals Jeddah, Sharqiya and Asir - no one passed!

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Reading time: 3 Minutes1,022 furnished residential units in Riyadh, two of which received a first-class rating; 13 regions in the Kingdom are absent from the first-class classification map for furnished apartments; 105 furnished residential units fail to meet the minimum standards 711 unlicensed furnished apartments in the Riyadh region Riyadh – Amlak Results of the second phase of the accommodation sector classification revealed … Read more

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