Month: December 2014

Real Estate Contributions Committee invites 1,400 shareholders to receive their rights

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Reading time: < 1 MinuteThe Real Estate Contributions Committee at the Ministry of Commerce and Industry has called on 1,400 shareholders who had not received their payments as of yesterday to promptly update their information and visit the nearest branch of Al-Bilad Bank in any city across the Kingdom, bringing the original copy of their national ID and original contribution documents, and to verify the accuracy of the IBAN number for their bank account so that the committee can transfer their funds directly as soon as possible … Read more

”Amlak monitors real estate movement in major cities of Saudi Arabia

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Reading time: 4 MinutesThe real estate index indicated that real estate transactions are expected to decline following the implementation of the new mortgage regulations (January 16, 1436 AH), which require a 30% down payment to obtain financing for the purchase of a home or land. It indicates a decline in sales during the fourth week of Muharram (Sunday, 1/23/1436 AH) and through the end of the week, with total transactions exceeding 6 billion riyals across all cities in the Kingdom in … Read more

Riyadh Chamber and the Engineers Authority discuss the issue of fake certificates

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Reading time: < 1 MinuteThe issue of engineering certifications has garnered significant attention in both the public and private sectors. A joint meeting between the Industrial Committee of the Riyadh Chamber of Commerce and a delegation from the Saudi Council of Engineers discussed a number of issues facing investors in the industrial sector, the implications of the lengthy processing times and fees imposed on the registration of foreign engineers with the Authority, and how to link the system of Saudi consulates abroad with the Authority … Read more

“Maskan Arabia prepares to launch new residential projects in the real estate market

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Reading time: < 1 MinuteMaskan Al-Arabiya, Saudi Arabia’s leading real estate development company, an ambitious plan to capitalize on the promising potential and bright future of the real estate sector in Saudi Arabia by injecting new investments into the real estate market to keep pace with the tremendous growth trends in the local market and in line with its desire to increase the supply of residential units. Maskan Al-Arabiya has disclosed details of its future strategic plan, which includes … Read more

President of the General Authority for Tourism honors Riyadh Exhibitions Company Limited“

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Reading time: < 1 MinuteIn recognition of its significant role in promoting the conference and exhibition sector, His Royal Highness Prince Sultan bin Salman, President of the General Authority for Tourism and Antiquities, honored Riyadh Exhibitions Company Limited for its ongoing efforts aimed at strengthening the conference and exhibition sector in the Kingdom. The recognition coincided with the company’s participation as a strategic partner in the “Second Saudi Conference and Exhibition Forum,” which recently concluded and was held under … Read more

Increased demand is driving up rental prices in Sharjah

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Reading time: < 1 MinuteA recent report by Cluttons, a leading real estate consulting firm, indicated that residential rents in the Emirate of Sharjah rose by 5.3% during the third quarter of 2014, compared to a 5.7% increase in the second quarter. In the villa market, the pace of rental growth slowed to less than 7% during the third quarter, compared with an acceleration of 8.2% in the second quarter. … Read more

International Real Estate and Investment Show IREIS 2014 is a huge success Abu Dhabi

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Reading time: 4 MinutesThe sixth edition of the International Real Estate and Investment Exhibition «IRIS 2014» concluded at the Abu Dhabi National Exhibition Center, with significant local, regional, and international participation, underscoring that the real estate sector in Abu Dhabi is making a strong comeback. The exhibition was inaugurated by His Excellency Ali Majid Al Mansouri, Chairman of the Department of Economic Development and member of the Executive Council of the Emirate of Abu Dhabi, who emphasized that the mega-projects being implemented by … Read more

”The Big 5 in Dubai” attracts a large number of regional and international participants

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Reading time: 3 MinutesThe events and activities of the “The Big Five,” held from November 18 to 20, 2014, at the Dubai World Trade Center, attracted significant local, regional, and international interest, with approximately 2,700 global companies from around 60 countries in attendance, an increase of 251% compared to 2013, as it is considered the largest exhibition for construction, building, and various industries of all kinds in the region and the world, … Read more

The Industrial Development Fund (IDF) has allocated SAR 116.1 billion in industrial loans to eight promising regions, as of the end of the third quarter of 1435/1436.

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Reading time: 2 MinutesThe Industrial Development Fund allocated 116.1 billion riyals in industrial loans to eight promising regions through the end of the third quarter of 1435/1436. According to an official source at the Fund, the eight regions received a total of 185 loans, distributed as follows: the Jazan region received 32 loans totaling 2.9 billion riyals, followed by the Hail region with 29 industrial loans totaling approximately 1.31 billion riyals, … Read more

The first phase of a massive home-building project in Britain has been launched

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Reading time: < 1 MinuteGatehouse Bank, a subsidiary of Bayt Al-Awraq Securities, announced the launch of the first phase of a major residential project in several British cities, involving the construction of 927 homes at an estimated cost of 110 million pounds. Abdulaziz Al-Duwais, the bank’s head of investment, explained that the project, launched in partnership with the British company Sigma, meets the high demand for residential real estate … Read more

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