Month: March 2017

Sama is preparing to launch a real estate price index that reflects the reality of the Saudi market

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Reading time: < 1 Minute  The Saudi Credit Bureau “SIMAH” is working to develop a real estate price index that will reflect actual real estate prices in Saudi Arabia. The company’s CEO, Nabil Al-Mubarak, confirmed during the launch of the Saudi Arabian Monetary Agency “SAMA Rating Agency”—which will operate under the supervision and oversight of the Saudi Capital Market Authority—that real estate financing and loans provided by private financial institutions will not be a source … Read more

Euromoney conference to discuss real estate investment trusts in Riyadh in May

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Reading time: < 1 Minute  From May 2 to 3, Riyadh will host the Euromoney Saudi Arabia Conference to discuss the latest developments in ongoing development projects aligned with the Kingdom’s Vision 2030. The economic conference will bring together a number of prominent government figures, senior bankers, and financial sector officials to discuss a range of important strategic topics, including the economic outlook for 2017, … Read more

Cityscape Abu Dhabi 2017 kicks off on April 18... and more than 100 companies have reserved their spots

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Reading time: < 1 MinuteUnder the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, the 11th edition of Cityscape Abu Dhabi will be held at the Abu Dhabi National Exhibition Center next month. Participating companies will showcase nearly 1,000 real estate projects. 100 local and international companies. For its part, the exhibition’s organizing company confirmed that 100 … Read more

Sheikh Hamad bin Jassim Opens the Exhibition... Cityscape Qatar 2017 Kicks Off with Major Real Estate Projects

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Reading time: 2 MinutesIn the region, with the participation of more than 85 leading specialized real estate companies, His Excellency Sheikh Ahmed bin Jassim bin Mohammed Al Thani, Minister of Economy and Commerce, opened Cityscape Qatar 2017, now in its sixth edition, at the Doha Exhibition and Convention Center (DECC). The exhibition is held under the patronage of His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of the Interior, over the course of … Read more

Eastern Province Municipality launches e-services to sort properties and update deeds

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Eastern Region

Reading time: 2 MinutesThe Eastern Province Secretariat, represented by the Geographic Information Systems Department under the General Directorate of Urban Planning, launched the Geographic Explorer service for the city of Dammam, in addition to launching a package of e-services related to land titles, the classification of undeveloped land, and villas. According to the Director General of the General Directorate of Urban Planning, Engineer Mazen bin Adel Bakhriji, one of the objectives of launching the “Geographic Explorer” service is … Read more

“Asir Tourism: 52 tourism facilities in the region 52 hotels under construction

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Asir

Reading time: < 1 MinuteThe General Authority for Tourism and National Heritage in Asir revealed that hotel projects in particular and the accommodation sector in general have risen to 52 projects under construction. In the same direction, the Director General of the Tourism Authority in Asir region, Eng. Mohammed Al-Omrah, confirmed that the new projects are distributed in several governorates and cities in Asir region, including Abha, Khamis Mushait, Bisha, Muhail, Uhud Rafidah, Namas, Tanumah, Bariq, ... Read more

Riyad Bank showcases its CSR programs at Hail University

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Riyad Bank - Off-plan Selling - Real Estate Finance

Reading time: < 1 MinuteAs part of its efforts to highlight its leading role in promoting corporate social responsibility, Riyad Bank today is showcasing its pioneering and long-standing experience in this field during its participation in the forum “Corporate Social Responsibility in the Saudi Private Sector – In Light of the Kingdom’s Vision 2030,” which is hosted by the University of Ha’il and organized by the General Secretariat of Research Chairs and Scientific Endowments, represented by the Prince Saud bin … Chair. Read more

The Ministry of Housing will release more than 20,000 housing units in mid-March

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Reading time: < 1 MinuteAs part of its program to release housing units in the middle of each calendar month, the Ministry of Housing will release the second batch of housing units next Wednesday, ranging from ready-to-move-in units to those under construction through the “Wafi” program, as well as 6,000 developed residential plots and 7,700 financing products through local banks as part of the partnership program between the Fund … Read more

Off-plan sale approves financial advances from the escrow account for real estate projects

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Selling off-plan real estate units

Reading time: < 1 MinuteThe Ministry of Housing’s Committee for the Sale and Lease of Off-Plan Real Estate Units has allowed real estate developers to utilize the escrow account for projects licensed to sell their units before or during construction by requesting a cash advance from the escrow account designated for the deposit of or any other financing for the real estate project overseen by the same developer. The Committee has stipulated that its approval of … Read more

Amlak is a specialized sponsor Cityscape Qatar 2017 kicks off today Doha is the bride of the real estate event

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Reading time: 2 Minutes  With specialized media sponsorship from Amlak Real Estate Newspaper, the sixth edition of Cityscape Qatar kicks off today, featuring 85 real estate companies from more than 20 countries and an expected attendance of over 8,000 visitors, The event is taking place at the Doha Exhibition and Convention Center. For their part, Informa Exhibitions and Ilan, the two companies organizing the exhibition, confirmed the participation of a large number of companies… Read more

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