Month: March 2017

Real estate money is flowing into Dubai Dubai International Property Show kicks off on April 2

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Reading time: < 1 MinuteWith significant international and local participation, the 13th edition of the «International Real Estate Exhibition» kicks off on April 2 and runs for three days at the Dubai International Convention and Exhibition Center. On this occasion, Sultan Butti bin Majran, Director General of the Dubai Land Department, said: “The strategic partnership between the Dubai Land Department and the International Real Estate Exhibition is a healthy development in light of … Read more

The Ministry of Housing Announces the Upcoming Delivery of 13,000 Housing Units in Various Regions

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Reading time: < 1 MinuteThe Ministry of Housing announced that it is in the process of preparing 13,000 residential villas in 13 regions, which are scheduled to be handed over to citizens soon as part of the 280,000 housing units project. In this context, Housing Minister Majed Al-Hogail confirmed that the ministry has 110,000 housing units that will be distributed to citizens over the next three years, noting some objections raised by citizens regarding the limited number of housing units … Read more

The National Real Estate Committee of the Council of Chambers Signs a Cooperation Agreement with the Real Estate Federation of Islamic Countries

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Reading time: < 1 MinuteRecently, the Council of Chambers, represented by the National Real Estate Committee, and the Real Estate Union of Islamic Countries—affiliated with the Organization of Islamic Cooperation—signed an agreement on cooperation in the field of real estate development to achieve the shared objectives of both parties. Hamad Al-Shuwaier, Chairman of the National Real Estate Committee, said that the agreement aims to foster fruitful and constructive cooperation between the two sides, expressing his hope that it will serve as a bridge for communication and a platform to serve … Read more

Recent report: 16 thousand real estate projects in the Gulf with a total cost of more than one trillion dollars

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Reading time: < 1 MinuteA recent report revealed that there are more than 16,000 real estate projects in the Gulf states, with a total value exceeding one trillion dollars. The report indicated that more than 75% of these are residential projects, valued at 448.1 billion dollars. Although the number of mega-development projects in cities did not exceed 200 and 4, the value of those projects represents more than 27% … Read more

Tomorrow, Monday... Prince Khalid Al-Faisal will inaugurate the Al-Qunfudhah housing project, which comprises 593 residential villas

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Reading time: < 1 MinuteAs part of the “Sakani” program implemented by the Ministry of Housing—a plan that includes 280,000 housing units—the Governor of the Makkah Region, Prince Khalid Al-Faisal, will inaugurate tomorrow, Monday, the “Al-Qunfudhah Housing” project in the Makkah Region, comprising 593 residential villas located on an area of 598,000 square meters. It is worth noting that the number of people eligible for “Iskan” housing support in Al-Qunfudhah Governorate stands at 3,829 … Read more

Chinese company plans to build housing units in 30 million meters with 3D printing technology

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Reading time: < 1 MinuteSaudi authorities plan to build residential units covering 30 million square meters using 3D printing technology, according to an agreement signed by the Kingdom with the Chinese company Win Sun. Accordingly, the Kingdom has leased 100 3D printers from China at a cost of approximately $1.5 billion (5.6 billion riyals) to be used in the construction of multi-story residential buildings in record time. The company will … Read more

The Ministry of Housing will issue bills for undeveloped land in Jeddah in early April... and in the Eastern Province in mid-April

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Real Estate - White Land Fees

Reading time: < 1 MinuteWell-informed media sources have revealed that the Ministry of Housing intends to issue bills for the “White Land” fee program in Jeddah during the first few days of April. The sources expect bills for land in the Al-Sharqiyah suburb to be issued in mid-April, with bills for the program in Riyadh to be issued next Tuesday or Wednesday. Work had already begun on the system… Read more

The Real Estate Fund Launches a Support Center Today for Recipients of Subsidized Financing to Reduce the Waiting Period to 5 Years

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Real estate fund

Reading time: < 1 MinuteToday, the Real Estate Development Fund is launching the Support Center for Recipients of Subsidized Financing, thereby announcing that it will begin accepting applications from those eligible for real estate financing who are facing difficulties in obtaining financing. The center will also accept applications from those seeking financing to build their own homes—known as self-financing. The center will be available at all of the Fund’s branches throughout the Kingdom and will operate from 8:00 a.m. to 4:00 p.m. … Read more

The Saudi Economics Association organizes its annual meeting entitled “Economic Diversification” Tomorrow, Monday

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Reading time: < 1 Minute  With the participation of a group of business leaders, government officials, academics, and several government agencies, the Saudi Economic Association will hold its 19th annual meeting tomorrow, Monday, under the title “Economic Diversification,” under the patronage of Minister of Finance Mohammed bin Abdullah Al-Jadaan, at the King Faisal Conference Hall at the InterContinental Hotel. The three-day event aims to examine the key features of the current situation and structural changes in … Read more

Ministry of Housing announces 340 housing units and 367 developed lands in Onaiza housing project

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Reading time: < 1 MinuteWith integrated services, the Ministry of Housing announced the Unaizah Housing Project, which will provide eligible beneficiaries with 340 housing units, 367 developed plots of land, and two government facilities. According to the ministry, the project includes two mosques and a grand mosque, as well as four schools. It noted that, with regard to water services, the project features a water treatment plant, a water lifting station, and a water pumping station, as well as a drinking water reservoir and an irrigation reservoir. The total area is … Read more

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