Month: April 2015

Diversified projects across the Kingdom. Dar Al Arkan is the exclusive diamond sponsor of Restax 18“

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Reading time: < 1 MinuteDar Al Arkan Real Estate Development is participating as the “Exclusive Diamond Sponsor” of the Riyadh Real Estate, Housing, and Urban Development Exhibition, with the largest booth at the exhibition, spanning over 600 square meters, where it showcases its most significant real estate projects and highlights its pioneering experience in providing effective real estate solutions and developing integrated urban communities in the Kingdom. Dar Al Arkan is showcasing the “Al Qasr Complex” projects in the city of … Read more

Honored by the Minister of Housing at Restax 18 Dar Al Tamleek is unique with its ”Masaken” and “Ijara” programs”

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Reading time: < 1 MinuteActing Minister of Housing Dr. Essam bin Saeed presented Dar Al-Tamleek, a company specializing in housing finance solutions, with the award for Best Residential Mortgage Program for Individuals for 2014 – Mortgage Finance Companies Sector, during the launch of the Riyadh Real Estate and Urban Development Exhibition at the Riyadh International Convention and Exhibition Center. Firas Al-Abbasi, Regional Director of Dar Al-Tamleek for the two regions … Read more

Participates in Restax. Al Omari Group plans to develop 2 million square meters in Buraydah

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Reading time: < 1 MinuteAl-Omari Group announced during its participation in “Amlak Newspaper” at the Riyadh Real Estate and Housing Exhibition (RESTACKS), its intention to develop a fully integrated residential city covering an area of 2 million square meters north of Buraidah in the Al-Qassim region. The project will be developed in phases according to a 10-year timeline extending until 2025, The project will include residential, tourism, commercial, healthcare, and educational complexes. The first phase will begin… Read more

Riyad Bank has set up a booth at the Real Estate Fund to showcase its financing programs at Restax

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Reading time: < 1 MinuteAs a Bronze Sponsor, Riyad Bank renewed its participation in the Riyadh Real Estate and Urban Development Exhibition “Restatex 18,” by offering a comprehensive package of real estate financing solutions that meet the needs of customers from various segments. The bank seeks to enhance their ability to comfortably and easily own suitable housing and real estate, as a supportive partner in efforts aimed at making a meaningful contribution to housing finance for citizens, based on … Read more

“Al-Fanar Construction sponsors the Saudi Hospital Planning and Design Forum

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Hospital planning and design

Reading time: < 1 MinuteAl-Fanar Construction Company sponsored the “3rd Saudi Forum on Hospital Planning and Design,” organized by the Saudi Society for Urban Planning – Division of Healthcare Architects, in cooperation with the Ministry of Health, at the Riyadh Exhibition Center from March 17–20, 2015. Under the theme “The Healing Environment in Hospital Planning and Design,” Al-Fanar received a special honor on this occasion for its sponsorship of the event… Read more

With a capital of 900 million riyals, the Ministry of Commerce approves the establishment of “Bedaya Home Finance”

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Reading time: < 1 MinuteThe Ministry of Commerce and Industry has approved the establishment of «Bedaya Home Finance» as a closed joint-stock company with a capital of 900 million riyals, divided into 90 million shares at a price of 10 riyals per share. The company’s purpose will be to engage in real estate financing in accordance with the approval of the Saudi Arabian Monetary Authority (SAMA), and it will be headquartered in Riyadh. The Public Investment Fund is the largest shareholder in … Read more

Cement sales rise to 16.56 million tons in 3 months

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Island Captal

Reading time: < 1 MinuteSales by cement companies rose to 16.56 million tons in the first quarter of 2015, an increase of 10.31% compared to the same quarter last year. Sales growth for cement companies in 2015 is expected to be at least 7.11% higher than in 2014. A report by Al Jazeera Capital predicted that the housing sector would expand due to the expected decline in land prices … Read more

Launch of the “Discover Riyadh” Photography Contest

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Riyadh city

Reading time: < 1 MinuteSponsored by the Riyadh Branch of the General Authority for Tourism and Antiquities and organized by the Four Seasons Hotel Riyadh, the “Discover Riyadh” Instagram photo contest has been launched. The contest aims to showcase the most beautiful photos of the capital from April 22 through May 27, 2015. Mr. Abdulaziz Al Hassan, Director General of the Riyadh Region Tourism Authority, emphasized that the contest was organized to highlight tourist, historical, and heritage sites … Read more

Real estate transaction values fell by 196.6 billion riyals in the first half

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Residential Real Estate - Request Inquiry - Ministry of Justice

Reading time: < 1 Minute The value of real estate transactions from the beginning of 1436 AH through the end of Jumada al-Thani reached 196.6 billion riyals, a decrease of 21% compared to the same period last year, according to data released by the Ministry of Justice. The value of residential transactions in the first six months of this year reached approximately 135.3 billion riyals, representing a … Read more

Minister of Housing Honors Participating Companies and Sponsors at Restax Exhibition

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During the inauguration of the Riyadh Real Estate and Urban Development Exhibition “Restatex Riyadh 18” at the Riyadh International Convention and Exhibition Center, Acting Minister of Housing Dr. Essam bin Saeed honored the real estate and finance companies that won the “Restatex Riyadh 18" awards, as well as the sponsors of the exhibition in its current edition.

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