Month: April 2013

News of the World: Saudi Arabia is one of the largest real estate markets in the world

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Reading time: 3 Minutes• The hotel and hospitality sector is expected to grow by 20.1% this year • The real estate sector contributed 7.21% to Saudi Arabia’s GDP at the end of 2013 • Saudi Arabia to welcome 15.8 million tourists by 2014 • Real estate investments in Mecca grew by 45% last year Written by: Ahmed Al-Shimi Special — Amlak The News of the World newspaper confirmed (news of the … Read more

«2024 Contracting Industry» in Sharqiya discussed the future of the contracting industry and development strategies Minister of ”Municipality and Rural Affairs” : Forming a coordination committee with ”Housing” to facilitate the transfer of lands allocated to citizens

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Reading time: 4 MinutesAl-Khobar – Amlak: His Royal Highness Prince Mansour bin Mutaib bin Abdulaziz, Minister of Municipal and Rural Affairs, sponsored the «2024 Construction Industry» forum — organized by the Eastern Province Chamber of Commerce at its headquarters in Dammam last week. The forum featured the presentation of 10 important working papers addressing issues in the sector, plans and strategies for its development, and a look ahead to the future of the construction industry. It also saw active participation … Read more

The Kingdom's Housing Forum discussed at length the housing mechanism and strategy:

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Reading time: 4 MinutesAl-Khobar – Amlak: His Royal Highness Prince Mansour bin Mutaib bin Abdulaziz, Minister of Municipal and Rural Affairs, sponsored the «2024 Construction Industry» forum — organized by the Eastern Province Chamber of Commerce at its headquarters in Dammam last week. The forum featured the presentation of 10 important working papers addressing issues in the sector, plans and strategies for its development, and a look ahead to the future of the construction industry. It also saw active participation … Read more

Praising the historic royal decisions: Minister of Housing: The decisions ensure accelerating the implementation of housing units for citizens

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Reading time: 3 MinutesRiyadh – Amlak: His Excellency Dr. Shuwaish bin Saud Al-Duwaihi, Minister of Housing, stated that the implementation of the “Land and Loan” decision will begin approximately one year after the completion of the eligibility mechanism and the development of infrastructure at the sites handed over to the Ministry. The Minister of Housing discussed the details of the approval granted by the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud, may God protect him, regarding the adoption of … Read more

The history of apartment ownership is not new to Saudi society. Prices and sizes of apartments vary according to location and luxury. Large investors provide after-sales services, but less than the average and size are not keen on them. The absence of controls and regulations governing the size, location, design, security and safety controls for ownership apartments is a nuisance.

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Reading time: 3 MinutesHadeel Al-Sultan – Riyadh: The widespread availability of apartments for sale throughout our beloved Kingdom following the issuance of the executive regulations for the Real Estate Unit Ownership and Classification Law has led many investors to build buildings with divided units to suit those seeking units for ownership and to accommodate their low incomes. Continuing from our previous report (1) in the previous issue, we will now delve into the reality of apartments in our article, dear reader… Read more

«Emaar Economic City»

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Reading time: < 1 MinuteDammam – Amlak: Profits at Emaar Economic City, the developer of King Abdullah Economic City in Rabigh, fell to 31.6 million riyals (0.04 riyals per share) at the end of the first quarter of 2013, compared to profits of 45.2 million riyals achieved during the same period in 2012. The company attributed the decline in net profit during the current quarter compared to the previous quarter … Read more

More than one hundred million riyals profit for the first quarter Riyadh-Amlak

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Reading time: < 1 MinuteDammam – Amlak: Profits at Emaar Economic City, the developer of King Abdullah Economic City in Rabigh, fell to 31.6 million riyals (0.04 riyals per share) at the end of the first quarter of 2013, compared to profits of 45.2 million riyals achieved during the same period in 2012. The company attributed the decline in net profit during the current quarter compared to the previous quarter … Read more

Two Tourism Excellence Awards for Abdulmohsen Alhokair Group”

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Reading time: < 1 MinuteThe organizing committee of the Saudi Travel and Tourism Investment Forum, recently held by the General Authority for Tourism and Antiquities, presented Al Hokair Group for Tourism and Development with two awards for excellence in tourism during the awards ceremony last Tuesday. Al-Hokair Group received the award for Best Outstanding Contribution to Tourism, while the Golden Tulip Al-Nasiriyah Hotel in Riyadh was named Best 3-Star Hotel among the hotels… Read more

Maskan launches ambitious program to prepare future leaders in the real estate sector Riyadh-Amlak

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Reading time: < 1 MinuteRiyadh—Amlak: Maskan Al-Arabiya Real Estate Development and Investment Company has announced the launch of “Al-Wa’idoun,” an ambitious program designed to guide and support the career paths of talented recent graduates and prepare them to become future business leaders in the real estate sector. In a first-of-its-kind initiative in the real estate development sector, Maskan Al-Arabiya has designed an intensive and comprehensive talent management training program called “Al-Wa’idoun,” which provides trainees with opportunities … Read more

It kicks off on April 28: Fourth Bride Fair set to kick off at Dhahran International Exhibitions  

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Reading time: < 1 Minute Dhahran-Amlak: The 4th Bridal Fair will take place from April 24–28 at the Dhahran International Exhibition Center, bringing together leading local and Gulf companies specializing in weddings, fashion, and beauty for the fourth consecutive year. This year’s exhibition will highlight the world of fashion, evening gowns, wedding dresses, and a new collection of outfits, and will also feature a range of … Read more

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