Month: December 2015

Reading time: < 1 Minute  His Royal Highness Prince Alwaleed bin Talal bin Abdulaziz Al Saud, Chairman of the Board of Trustees of the Alwaleed Humanitarian Foundation, has approved a housing project to provide 10,,000 housing units to be made available to the Egyptian government at a cost of 850 million Egyptian pounds, bringing the total project cost to 2 billion Egyptian pounds, over a period of 10 years at a rate of 1,000 housing units per year. His Royal Highness waived 10,000 … Read more

Reading time: < 1 Minute  Real estate index sales during the month of Safar of the current year 1437 AH reached approximately 24.1 billion riyals, compared to 29.6 billion riyals during Muharram of the current year, and 40.8 billion riyals during Safar of last year, representing a decrease of 22 percent and 40 percent, respectively. The impact of real estate market corrections, and transactions were distributed among the purchase of land plots … Read more

Reading time: 2 MinutesA report titled “The Construction Sector in the Gulf Cooperation Council Countries” states that approximately 30% of Saudis own homes, while the global average stands at 70% according to a report by “K Corp,” The remaining portion of the population lives in rented housing or relies on housing units provided by the companies they work for. In a related context, real estate sources expect … Read more

Reading time: < 1 MinuteThe Elite Real Estate Exhibition, organized by the «Iskan Global» Group at the Kuwait International Exhibition Center,which lasted for three days, saw significant regional and international participation. During the event, participating entities presented a number of innovative and distinctive residential and real estate offerings amid a large turnout and public interest,  who were eager to take advantage of the various offers and events catering to different tastes and demographics. The exhibition’s events attracted a segment … Read more