Month: March 2015

With 163 lots in Riyadh, the Ministry of Commerce will put the Hatin development up for public auction tomorrow, Tuesday

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Reading time: < 1 MinuteTomorrow afternoon, Tuesday, the Real Estate Contributions Committee at the Ministry of Commerce and Industry will offer 163 plots of land in the Hatin Development for sale at public auction. The plots are located northwest of Riyadh in the Hatin Model Development, along King Khalid Road (Salbukh), north of the Northern Ring Road and south of Anas bin Malik Road. The committee stated that the plot sizes vary to meet the needs of … Read more

$40 billion in Asian investment in international real estate in 2014

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International real estate

Reading time: < 1 MinuteA study by the global real estate consulting firm CBRE revealed that Asian investors spent $40 billion on international commercial real estate in 2014, a 23 percent increase year-over-year, with the aim of diversifying their global geographic footprint through real estate, whereas in 2013 they focused on the office sector in major global cities. At the continental level, the research indicated … Read more

Meeting at the Jeddah Chamber of Commerce to Discuss Challenges Facing Contractors and the Construction Sector

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Jeddah Chamber

Reading time: < 1 MinuteThe Contractors Committee of the Jeddah Chamber of Commerce and Industry convened a large-scale meeting bringing together stakeholders in the construction and contracting sector, as well as those responsible for implementing the largest architectural and construction projects in Jeddah, to discuss the obstacles they face that are causing delays and setbacks in projects. For his part, Adnan bin Hussein Mandoura, Secretary General of the Jeddah Chamber of Commerce and Industry, called on all those working in the sector… Read more

His Highness the Governor of Diriyah honors Al Jazeera Paints for sponsoring the ”For My Health I Run” race”

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Reading time: < 1 MinuteHis Highness Prince Ahmed bin Abdullah bin Abdulrahman Al Saud, Governor of Diriyah, honored Al-Jazirah Paints for sponsoring, for the second consecutive year, the ”Run for My Health” race, which was co-organized by government agencies in the province under the initiative and management of the province’s Education Office. Mr. Majid Al-Qahtani, Business Development Engineer, accepted the award on behalf of the company. The sponsorship by Al-Jazirah Paints… Read more

Three disputes before the Gulf Arbitration Center totaling $2.8 million

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Reading time: < 1 MinuteFrom January 1 to March 31, 2015, the Gulf Cooperation Council Commercial Arbitration Center “Dar Al-Qarar” registered three new disputes ranging from construction and contracting to real estate development, with a total value of $2.8 million involving parties from Qatar, Bahrain, and Libya, with Bahraini parties accounting for 50% of the cases. The Secretary-General of the Commercial Arbitration Center explained … Read more

Mecca's real estate index rose 301 points last month following a 1.5 billion riyal deal

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Reading time: 2 MinutesThe “Mecca Real Estate” index rose by 30 percent during the month of Jumada al-Awwal compared to Rabi’ al-Thani, driven by a deal worth 1.5 billion riyals in the Jabal al-Kaaba neighborhood of Mecca. The total value of transactions in Jumada al-Awwal reached approximately 5.8 billion riyals, with residential transactions estimated at 5.4 billion and commercial transactions at 391 million riyals. A report issued by … Read more

UAE Minister of Economy launches Dubai International Real Estate Exhibition tomorrow

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Reading time: < 1 MinuteWith more than 130 exhibiting companies, the Dubai International Property Show kicks off tomorrow, Monday, March 30, 2015, at the Dubai International Convention Center, in the presence of Sultan bin Saeed Al Mansouri, UAE Minister of Economy. The exhibition will host international experts, decision-makers, and investors to discuss the most important issues facing the global real estate sector. The “Real Estate Forum” will be held during the exhibition, which will include … Read more

“Ewan International Housing enters Riyadh real estate market with 345 villas in Al Jawan residential complex

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Reading time: < 1 Minute Ewan International Housing Company announced the completion of several residential projects it is developing, including the Al-Farida Residential Project and the Al-Mayar Residential Project, which spans an area of 333,777 square meters. In this regard, Riyad bin Ahmed Al-Thaqafi, the company’s CEO, said, “We have now finalized the master plan for the Al-Mayar project, and its residents will benefit from the services offered by Al-Farida…“ Read more

The Ministry of Housing is including children born in the past three months in its «housing subsidy» data»

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Reading time: < 1 MinuteThe Ministry of Housing announced that it has completed updating the data of approximately 714,000 eligible Saudi heads of households in the Housing Support Program, out of a total of 754 families who submitted their children’s birth data. The Ministry has added newborns who were registered at civil affairs offices and branches across all regions and provinces of the Kingdom over the past three months. According to the Housing Support Program, the family’s priority points… Read more

“Al Wasl Real Estate Marketing markets Sparkle Towers units in Dubai

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Reading time: < 1 MinuteDar Al Wasal Real Estate Marketing, a company specializing in the marketing of residential projects, has secured a contract to market and sell units in the “Sparkle Towers” project  owned by Tabyan, one of the leading real estate developers in the UAE. Naji Alia, CEO of Tabyan, said: “We have confidence in Dar Al-Wassal in Saudi Arabia to sell the project’s units in the local market, and to achieve this, we have prepared a marketing campaign … Read more

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