Month: March 2017

Reading time: < 1 MinuteThe Ministry of Housing will start registering residential contracts in the (Ejar) network in the second quarter of 2017, and the percentage of the real estate broker (2.5 % of the value of the lease contract for the first year) will not change. This was revealed by the General Supervisor of the “Ejar” program at the Ministry of Housing, Engineer Mohammed bin Saleh al-Bati, adding that the network is currently concerned with the residential sector, indicating that it will be announced later on its application ... Read more

Reading time: < 1 MinuteThe Real Estate Development Fund (REDF) will announce the names of the beneficiaries of the second installment of the fund's loans in mid-March. The Fund's spokesperson, Hamoud Al-Osaimi, explained that the lending process was affected by the failure of some previous borrowers to pay on time, which affected the Fund's financial resources, as what is collected from previous loans is re-lent to those who ... Read more

Reading time: < 1 MinuteSaudi Real Estate Company signed a contract for the implementation of the closed residential neighborhood project in Al-Narjis neighborhood worth 115.8 million riyals, indicating that the implementation period is 24 months starting from the date of handing over the site, indicating that the excavation work in the project, which is located on an area of 25.6 thousand square meters, has been completed by the Riyadh Municipality. The project includes 162 housing units. Read more