Month: July 2014

1,158 Deceased Individuals Exempted from Repaying a Quarter of a Billion Riyals in Loans to “Real Estate Development”

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Reading time: < 1 MinuteThe Real Estate Development Fund announced that it has approved a list of 1,158 citizens from various regions of the Kingdom, representing the 18th and 19th batches of deceased borrowers whose applications were submitted through the online program and whose families completed the required information required information, confirming the completion of procedures to repay their loans in full, with a total value exceeding 243 million riyals. The Fund’s Director General, Engineer Yusuf Al-Zaghibi, explained that this … Read more

Stable performance of the real estate market as demand for residential land continues

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Reading time: 2 MinutesThe real estate market continued to generate weekly transactions ranging between 9 and 10 billion riyals... Transactions in the residential sector accounted for the bulk of the real estate market’s performance during this period. Demand for residential land has led overall demand in recent weeks, as the additional loan allocated for land has boosted demand for residential land among applicants to the Real Estate Fund. On the other hand, the problem of … Read more

China's largest international lighting exhibition to be held in October

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Reading time: < 1 Minuteيدشن خلال الفترة بين 22 حتى 26 أكتوبر المقبل 2014، معرض الصين للإضاءة الدولية ال 14 (غوزين) في مركز تشونغجان للمؤتمرات والمعارض بمقاطعة قوانغدونغ الصينية. وبدءا من العام 2014، سيتم عقد معرض الإضاءة مرتين في السنة، في الربيع والخريف لتوفير منصة مهنية وشاملة وخدمة أفضل للسوق. ويبدأ المعرض بإنشاء أماكن عرض فرعية في أربعة مراكز … Read more

The real estate index rises in Riyadh and Jeddah and falls in Dammam and Tabuk 540 million the value of the largest real estate transaction in Bani Al-Najjar and 233 million in «Malacca» Riyadh

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Reading time: < 1 MinuteThe real estate index rose by 58.87%, with a total transaction value of 9,004,004,957 billion riyals, distributed across 4,794 transactions in cities across the Kingdom, covering an area of 69,778,424 million square meters. The index recorded the largest transaction of the past week in Madinah (Bani al-Najjar, on the eastern side of the central district) with a value of 540,446,650 million riyals, while the largest transaction area was recorded in Al-Kharj at … Read more

Housing Construction on the Rise in Southern Taif Following the Connection of Electricity

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Reading time: 2 Minutesأسهم تنفيذ أوامر عليا تتعلق بإدخال التيار الكهربائي إلى مخططات سكنية تقع ضمن القرى الواقعة جنوب شرق محافظة الطائف، في تحرك قطاع المقاولات هناك بنسبة 70 في المائة، بعد أن ظل في بعض الأحيان في حالة جمود، وأوقات أخرى لا يتجاوز نشاطه 10 في المائة، وذلك منذ سنة 1428هـ، حيث تم منذ ذلك العام إيقاف … Read more

Slow Implementation of «Housing» Projects and Growing Demand Drive Up Real Estate Prices in the City

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Reading time: 4 MinutesA number of real estate professionals in the Madinah region confirmed that the announcement of housing projects has not contributed to a decline in real estate market prices in Madinah; rather, it has led to a rise in prices amid growing demand for housing units and land in the city and the slow implementation of those projects. Talal Safar Al-Omari, chairman of the Real Estate Committee and a member of the Valuation Committee at the Madinah Chamber of Commerce, said … Read more

King approves recommendations of committee to purchase and provide land for school projects

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Reading time: 2 Minutesصدرت موافقة خادم الحرمين الشريفين الملك عبدالله بن عبدالعزيز – حفظه الله – على توصيات اللجنة الوزارية المكونة من سمو وزير التربية والتعليم، ووزير التعليم العالي، ووزير المالية، ووزير الدولة عضو مجلس الوزراء مساعد العيبان، لدراسة توفير الأراضي لمشاريع المباني المدرسية. وجاءت أبرز التوصيات التي شملتها الموافقة الكريمة متضمنةً تشكيل لجنة دائمة بين وزارة التربية … Read more

IMF warns of rapidly rising real estate prices in Dubai

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Reading time: 2 Minutesقال صندوق النقد الدولي في تقرير عن واقع الشوق العقاري في دبي: رغم تعذر خدمة ديون دبي في حالة حدوث صدمات شديدة إلا أن النظرة المستقبلية تحسنت.. ويعزز استمرار الانضباط المالي وتحسن توقعات النمو متانة دبي في مواجهة الصدمات الخارجية. وفي ظل تصور يتنبأ بتباطؤ عالمي شديد يقفز دين دبي إلى 71 بالمئة من الناتج … Read more

Saudi academic emphasizes the inability of the real estate sector to enable researchers to own homes

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Reading time: 3 MinutesAn academic confirmed that the local real estate sector has been unable, over the past decades, to make significant progress in enabling citizens to own housing units. The academic did not deny the growth in the housing sector in recent years, as the number of permits for residential construction has exceeded 36,000 annually. However, he cited studies that confirmed the Kingdom’s need for up to … Read more

Mawtan Real Estate allocates SAR 11 million to build its headquarters in Riyadh

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Reading time: < 1 MinuteMawtan Real Estate plans to construct its headquarters at a total cost of 11 million Saudi riyals in the Riyadh area, on a site covering 5,286.5 square meters located on the Northern Ring Road in the Al-Nafl neighborhood. In a related development, Sheikh Abdulhamid Al-Zamil, Managing Director of Mawtin Real Estate, expressed his pride in beginning construction of the company’s headquarters, saying: … Read more

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