Month: April 2013

Sales of Al Jawaher neighborhood plan in Dammam exceed 300 million riyals

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Reading time: 2 Minutes    Al-Khobar - Amlak The sales of the Al-Jawahir neighborhood plan achieved a total value of more than 300 million riyals within a period that did not exceed one hour, as the auction witnessed great competition among businessmen who flocked to the auction venue. This was revealed by Mohammed Al Nahdi Real Estate Company and Rashid Bin Abdulrahman Al Rashed Real Estate Company, where the two companies confirmed that the sale of the Al Jawahir neighborhood plan during ... Read more

Design your home to extend your family... a safe and functional home for kids

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Reading time: 3 Minutes- Think about the future of your family and the suitability of everything you own for the presence of children - Fixing furniture, carpets and accessories is a must - Keeping chemicals and medicines in tight upper cabinets to prevent child poisoning Many of us rush at the beginning of home ownership or at the beginning of marriage to buy the most beautiful, expensive and suitable for us, forgetting that there are small children we have or are coming ... Read more

Ownership Apartments.... (3-2) A closer look at the apartments offered in the Kingdom * The history of owning apartments is not new to Saudi society * The absence of controls and regulations governing the size, location, design, security and safety controls of ownership apartments * The absence of controls and regulations governing the size, location, design, security and safety of ownership apartments

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Reading time: 4 MinutesOwnership apartments.... (3-2) A closer look at the apartments offered in the Kingdom * The history of owning apartments is not new to Saudi society * The absence of controls and regulations governing the size, location, design, security and safety controls of ownership apartments Riyadh-Amalak The large number of apartments offered for ownership throughout our beloved Kingdom after the issuance of the executive regulations for the ownership and sorting of real estate units, made many investors ... Read more

He praised the royal decisions: Sheikh Al-Majid, President of Real Estate Foundations: Solutions to the housing and real estate crisis must be presented as an integrated package

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Reading time: 1 MinuteRiyadh - Amlak Sheikh Othman bin Sulaiman Al Majid, Chairman of Assas Al Real Estate Company, praised the real estate decisions put forward by the government under the guidance of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, may God protect him, the latest of which was the generous royal orders related to accelerating the process of providing Saudis with government lands and granting them loans and land for construction. Sheikh Othman Al Majid said in a statement to Amlak newspaper. Read more

Sheikh Mohammed Al-Sultan, President of Al-Sultan Amlak Company and Foundation:

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Reading time: 8 MinutesSheikh Mohammed bin Abdulaziz Al-Sultan, Chairman of Mohammed Al-Sultan Contracting Co. Ltd. and General Manager of Al-Sultan Trading and Contracting, is a self-made businessman from Al-Safrat, north of Riyadh. He graduated from King Saud University, Faculty of Arts. He specialized in real estate investments and then expanded by working in the trade of sanitary ware and building materials, as he was one of the old ... Read more

The index rises in Riyadh and falls in Makkah, Madinah and Jeddah The Ministry of Justice releases the weekly real estate index

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Reading time: 3 MinutesThe real estate index recorded an increase in the first notaries in Riyadh, Jizan, Abha, Skaka, Rafha, Yanbu, Ain Al-Jawa, Al-Khubair, Riyadha, Al-Khafji, Al-Jafr, Al-Qunfudhah, Al-Ayoun, Abqaiq, Ras Tanura, Dumat Al-Jandal, Al-Qawara, Al-Jamoum, Al-Kharj, Al-Diriyah, Al-Harraq, Sabya, Dhamad, Al-Mazahmiya, and a decrease in the first notaries in Mecca, Medina, Jeddah, Dammam, Burayda, Khobar, Ehsa, Tabuk, Onaiza, Arar, and Hafar Al-Batin. Read more

GCC companies make more than $55 billion in profits in 2012

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Reading time: 2 MinutesRiyadh-Agencies GCC companies were able to achieve during 2012 a growth in profits by 6 percent compared to 2011, and their total revenues reached 55.2 billion dollars, as the Kuwait Financial Center «Markaz» in a recent report issued in November last year expected that Gulf companies would record profits of 54.97 billion dollars with a growth of 5 percent ... Read more

As rents continue to rise: 10 million citizens live in rented housing

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Reading time: 2 MinutesRiyadh-Agencies The latest specialized economic report showed that the issue of high land prices continues to frustrate the attempts of private sector developers in the local real estate market, as they find themselves unable to meet the price requirements of the middle and lower segments of society and those wishing to buy homes, and the high financial balance continues to own land as a means of long-term investment, which inflated land prices ... Read more

It witnessed contracts and commercial deals: Saudi Building and Decoration Exhibition concludes in Jeddah with the participation of 250 local and international companies

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Reading time: 3 MinutesParticipants present the latest in the world of construction, decoration and interior design The country is investing nearly 180 billion dollars in construction and will create 6.9 million housing units by 2020 Jeddah Governor: The Kingdom is the largest construction market in the Middle East Jeddah - Amlak The Saudi Building, Decoration and Interior Design Exhibition 2013 witnessed its 22nd edition, which was held during ... Read more

Riyadh International Real Estate and Urban Development Exhibition (Restatex16) kicks off

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Reading time: 2 MinutesRiyadh - Amlak The 16th Riyadh International Real Estate and Urban Development Exhibition (Restatex 16) will be held at the Riyadh International Convention and Exhibition Center under the patronage of His Excellency Dr. Shuwaish bin Saud Al-Duwaihi, Minister of Housing. The exhibition includes a wide range of real estate, housing and investment opportunities offered by development companies, housing, financing, banks and ... Read more

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