Month: October 2015

“DAMAC Properties delivers 14,375 homes and prepares to fit out more than 37,000 units

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Reading time: < 1 MinuteAs of June 30, 2015, DAMAC Properties has delivered 14,375 homes and has more than 37,000 units in various stages of planning and construction, including more than 10,000 hotel rooms and serviced apartments under construction, which are managed by the company's hospitality arm, DAMAC Hotels & Resorts. Ziad Al Shaar, ... Read more

7 million visitors arrived in Dubai in 6 months Real estate activity in the emirate accounts for 7% of investments

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Reading time: < 1 MinuteThe return on real estate investment in Dubai accounted for 7%, indicating that the investment activity continues in a healthy manner, so that Dubai has become a safe environment to attract more local and international investments, thanks to flexible laws and clear regulations, making the main projects in Dubai Marina, Palm Jumeirah and JLT not affected much by the decline in real estate prices in some areas. He explained ... Read more

He congratulated the leadership on National Day. Minister of Housing: We seek to provide housing products with various options for all regions

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Reading time: 2 MinutesMinister of Housing Majid bin Abdullah Al-Hogail congratulated the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - on the 85th National Day, which recounts the solidarity of the people and leadership in determination and firmness as our dear country continues the march of achievements. “The anniversary of the Kingdom's National Day is marked with determination to continue the march of achievements and firmness in confronting ... Read more

International companies are waiting in the wings. Saudi Arabia ranks third in attracting foreign investment in the Middle East

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Reading time: 2 MinutesSaudi Arabia ranked third in attracting foreign direct investment projects in the Middle East with 75 projects, after the UAE, which ranked first with 302 projects, and South Africa with 116 projects. The UAE is the largest source of foreign investment, according to a report by FDI Intelligence on foreign investment ... Read more

“Shura votes on Monday on the recommendations of the ”Housing Committee“ and the acceleration of lending for the purchase of housing units

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Reading time: < 1 Minute  The Hajj, Housing and Services Committee is expected to present its recommendations on the annual report of the Ministry of Housing for the fiscal year 1434/1435 AH to be voted on by the Shura Council during its 53rd regular session on Monday, and the most important recommendations lie in asking the Ministry of Housing to present its temporal, spatial and urban plans to provide housing products for citizens, and the recommendations include separating ... Read more

Middle Eastern investors see the UK real estate market as an ideal environment to retain and grow their wealth

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Reading time: 2 MinutesThe real estate market in Britain achieved a remarkable growth in 2015 compared to the statistics of 2009. The London property price index witnessed a rise of 71%, confirming the city's status as a safe haven for capital investors after the global financial crisis, but the recent decline in demand led to a decline in sales price growth to an average of 4%. Read more

It included 876 establishments. Riyadh Chamber survey reveals important statistical facts about real estate companies in the capital  

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Reading time: 4 MinutesThe building and construction sector in the Kingdom of Saudi Arabia plays an important role in the growth of GDP, as it ranks fourth among other non-oil economic activities in terms of growth rate and its contribution to output, and the average annual growth rate in the contribution of the building and construction sector to GDP is about 7.66 % annually, and the sector's contribution amounted to about 58 billion riyals, ... Read more

1603 participants at the German Real Estate Show to discuss online marketing techniques next Monday

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Reading time: < 1 Minute  With the participation of 1603 exhibitors, the 18th edition of EXPO REAL (International Real Estate and Investment Exhibition) will kick off in Munich, Germany on Monday from October 5 to October 7. This year's EXPO adopts a closer look at various aspects of digital progress and its importance to the real estate sector, and discusses ... Read more

The Industrial Development Fund invites investors to submit their applications to finance technical industrial projects in promising regions

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Reading time: 2 MinutesThe Industrial Development Fund (IDF) has called on investors to submit their requests to finance industrial projects with high technical content that contribute to raising the competitiveness of the national industry and enhancing the role of industry in transforming the national economy into a knowledge-based economy, noting the need to distribute investment opportunities in various regions of the Kingdom, especially promising regions that receive attention and incentives from the Fund's management. A report issued by the ... Read more

“Credit Bank” adds support and financing for existing projects within the Masarat program

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Reading time: < 1 MinuteThe Saudi Credit and Savings Bank (SCSB) intends to start supporting and financing existing projects as one of the productive tracks it finances for small and emerging enterprises, as part of its contribution to participating in the diversification of sources of growth, and within the «Masarat» program, which is concerned with supporting and financing small and emerging enterprises as one of the tracks that the bank finances, namely the excellence track, emerging, invention, taxi and transportation, and micro enterprises. In the aspect of supporting ... Read more

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