Month: September 2014

Jeddah Chamber: We used experts from 5 ministries to provide 25,000 housing units per year

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Reading time: < 1 MinuteThe Chamber of Commerce and Industry in Jeddah decided to use experts from 5 ministries representing housing, municipal and rural affairs, trade, National Guard and justice to participate in the first housing committee to be formed at the level of the Saudi Chambers, which elected Engineer Khaled Bashweir as chairman, and Engineer Nidal Jamjoum and Engineer Waleed Al-Hazaa two deputies, with the aim of keeping pace with the large population increase witnessed by the Red Sea bride and providing ... Read more

White land fees are a step to regulate the real estate market

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Reading time: < 1 MinuteA number of real estate experts and economists in the Eastern Province confirmed that the implementation of the Shura Council's proposal to impose financial fees on undeveloped white lands will clearly contribute to solving the issue of land price inflation and will contribute to breaking the monopoly of these vast areas, especially those located within the urban area, pointing out that a decision of this kind - in ... Read more

Jeddah Municipality approves 7 new plans providing 3278 residential plots

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Reading time: < 1 MinuteJeddah Governor Dr. Hani Mohammed Aburas confirmed that the Jeddah Municipality has approved 7 new private plans that will provide 3278 housing plots in addition to the 22,926 housing units targeted from them. He pointed out that the recently approved plans are private plans (not owned by the municipality), pointing out that there is a statistic that is updated weekly and available to the public with the number of plans under approval and their details on the ... Read more

Finalizing the partnership file for the North Riyadh residential project soon

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Reading time: < 1 MinuteThe General Supervisor of the Ministry of Housing Agency for Planning and Studies revealed that the first partnership project that the ministry is working on with the private sector in its project in the north of Riyadh through the construction of about 1000 residential apartments, Engineer Mohammed Al-Zamea told «Al-Jazeera» that the ministry is about to finalize the approval of the developer companies, which is estimated at about ten companies, where ... Read more

Connecting 50,000 homes in Jeddah raises real estate prices 30%

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Reading time: < 1 MinuteReal estate experts predicted that the decision to deliver electricity to residences whose owners do not hold deeds will contribute to an increase in real estate prices in these areas by between 20%-30%, according to the head of the real estate valuation committee at the Jeddah Chamber. The head of the real estate valuation committee at the Jeddah Chamber, Abdullah Al-Ahmari, confirmed that the decision to deliver electricity to housing without deeds will cause a rise in rents to 20% and then after the decision is activated ... Read more

Amlak sponsors Restatex Sharqiya

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Reading time: < 1 MinuteEmlak Real Estate Newspaper is sponsoring the Restatex Real Estate Exhibition in the Eastern Province as a specialized media newspaper, and Dhahran International Exhibitions Company, in cooperation with the Eastern Chamber, will organize the Eastern Exhibition and Forum for Real Estate, Housing and Urban Development «Restatex Al-Sharqiya» on 26 Dhu al-Hijjah, which will last four days, at the Dhahran Exhibition Center in Al-Rakah. The final preparations are underway, according to Abdulrahman Al-Wabel, secretary general of the Eastern Chamber... Read more

In honor of National Day

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Reading time: < 1 MinuteThe Editor-in-Chief of Emlak Real Estate Newspaper and the entire editorial family raise the highest congratulations and blessings to the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, His Royal Highness Crown Prince Salman bin Abdulaziz Al Saud, the Deputy Crown Prince His Royal Highness Prince Muqrin bin Abdulaziz Al Saud, and all the people ... Read more

Amlak sponsors regional Cityscape for the second time in a row

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Reading time: < 1 MinuteCityscape Global opened its thirteenth edition this year in 2014 and the exhibition continues until September 23, during major transformations witnessed by the real estate market on several levels, including the control of the market through the issuance of legislation as well as the strength of the market and the solidity of its transactions, which put an end to speculation and gave the real estate market a solid maturity. According to the Dubai Land Department, the ... Read more

After the Council of Ministers approved the general objectives of the Tenth Development Plan: Minister of Economy and Planning emphasizes the effectiveness of the Kingdom's development approach

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Reading time: 3 MinutesThe Cabinet approved in its session held yesterday under the chairmanship of His Royal Highness Prince Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, the general objectives of the Tenth Development Plan 1436/1437H-1440/1441H. In this regard, Minister of Economy and Planning Dr. Mohammed bin Sulaiman Al-Jasser stressed the rationality of the developmental approach adopted by the government of the Custodian of the Two Holy Mosques and His Highness ... Read more

Citizens call on the Real Estate Ministry to cancel the time limit for loan delivery

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Reading time: 2 MinutesCitizens have called on the Real Estate Fund to extend the time period for the loan. This comes after the Fund recently approved the cancellation of the open time limit for those who have been approved, where the time limit is limited to one year from the issuance of the approval decision for the citizen instead of the open time limit in previous years, but this decision made many ... Read more

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