Month: June 2016

“DAMAC Properties signs 25 contracts for more than 2,678 villas and other projects

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Reading time: < 1 MinuteDAMAC Properties has signed 25 contracts worth AED 3 billion to carry out construction and consultancy work at its projects during the first half of 2016. The contracts include outsourcing the core operations of more than 2,678 villas within the luxurious Akoya Oxygen community, as well as the golf course view apartment buildings at Carson - The Drive in ... Read more

Consultancy studies for the Ministry of Housing to analyze the housing gap and the implications of the implementation of the Land Fees Regulation

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Reading time: < 1 MinuteThe Ministry of Housing has carried out consultancy studies to analyze the housing gap and develop a mechanism to assess the accessibility of services and facilities, as well as studying the implications of the implementation of the executive regulations for white land fees, according to Mohammed bin Ahmed Al Madhiem, advisor to the Minister of Housing and Director of the Land Fees Project, noting that the Saudi Authority for Certified Valuers has been working with ... Read more

“Jadwa Investment wins ”Private Equity Company of the Year“ award

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Reading time: < 1 MinuteJadwa Investment Company, a leading investment management and financial advisory firm, was recognized as the “Best Private Equity Firm in the Middle East” at EMEA Finance's annual Banking Achievement Awards, which are based on the achievements of companies operating in the banking sector in the Middle East, during the annual awards ceremony held ... Read more

Women in the real estate sector are optimistic that real estate prices will be corrected after the implementation of land fees

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Reading time: 2 MinutesThe female component did not exclude the labor market in the real estate sector, so they entered it with a relative proportion of 5% and achieved remarkable success, and some of them are facing with others the white land fees, and some of them have reservations about the decision and attributed the benefit of it to the rulers because they are the most knowledgeable and experienced in the decisions that serve the interest of the country. In this context, a member of the real estate committee ... Read more

Americans are pulling their real estate out of the UK. Home prices are plummeting

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Reading time: < 1 MinuteOn the back of Britain's decision to leave the European Union, there were mixed reactions in the real estate market and the extent of the effects of leaving the European system, as British real estate has been a haven for foreign capital, and in the midst of this, the American Association of Realtors explained that some wealthy people may want to sell their properties in London and invest in the luxury real estate sector in the United States ... Read more

Real Estate Contributions plans to sell more than one million meters within the boundaries of the Haram and disburse it to the shareholders of the Al-Faisal scheme

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Reading time: < 1 MinuteThe Real Estate Contributions Committee in the Ministry of Commerce and Investment plans to sell land within the scope of the Makkah Mosque on Ibrahim Al-Khalil Road with an area of more than one million square meters belonging to Abdul Aziz bin Abdulrahman Al-Hamdan's Makkah land contribution through direct sale, and the date of the offering and the deadline for receiving purchase requests will be determined at a later date. On the other hand, the committee announced the disbursement of ... Read more

It corresponds to the beneficiaries of housing support. “Al Muzaini Real Estate launches sales in the East Gate project in Riyadh

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Reading time: < 1 Minute  Hamad and Ahmed Mohammed Al-Muzaini Real Estate Company revealed the launch of sales in the first phase of its residential project “East Gate” located within the urban extension in eastern Riyadh and next to the buildings of the Ministry of Interior, to be the first project developed by the private sector and provides quality housing units suitable for housing support beneficiaries, and translates the directions of the Ministry of Housing to expand real estate development, and facilitate housing, after ... Read more

67,000 vacant plots of land in Riyadh The abundance of land in the Kingdom has led to poor data and information  

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Reading time: < 1 MinuteThere are 67,000 vacant plots of land in Riyadh alone, ranging in size from 200 square meters to one million square meters, according to Mohammed Al-Madhihem, general supervisor of the White Land Fee Program at the Ministry of Housing, during a panel discussion in Al-Sharqiya. He explained that the ministry needs cadastral elevation to determine the location of land in cities, in order to translate the assessment ... Read more

The off-plan sales program licenses 530 raw land plots in Dammam at a cost of 608 million riyals

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Reading time: < 1 Minute At a cost of more than six hundred and eight million riyals and a total area of more than (760,000) square meters, the off-plan sales program issued a sales license for 530 raw land plots in the Deira residential plan project of Ghassan Al-Nimr Group for Real Estate Investments, which is located in the south of King Abdulaziz Port in Dammam, and the project is expected to be completed within 13 months, where ... Read more

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