Month: April 2017

“Shuaa Capital launches $266 million real estate fund in Saudi Arabia

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Reading time: < 1 MinuteShuaa Capital, a company listed on the Dubai Financial Market, plans to launch a real estate fund in Saudi Arabia worth 1 billion riyals ($266.53 million) within two weeks after raising the necessary capital. The company’s chairman, Jassim Al-Siddiqi, confirmed at a press conference that the current “Shuaa Saudi Hotel Fund 1” is on the verge of delivering strong results. He added that the “Centro Shaheen” hotel has been fully equipped and completed … Read more

The first auction of Sheikh Saleh bin Abdulaziz Al Rajhi's estate will take place next May...

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Reading time: < 1 MinuteThe Liquidation Council for the Estate of Sheikh Saleh bin Abdulaziz Al Rajhi announced that the first auction will take place on Saturday, May 6, 2017, in the Buraydah Ballroom at the InterContinental Hotel in Riyadh. The Council explained that the first auction will feature four properties, including the Riyadh Commercial Market and the Tawarn Center, located at the intersection of King Fahd Road and Prince Mohammed bin Abdulaziz Road (formerly Al-Tahlia Road), … Read more

International Real Estate Exhibition “Restatex 2017” kicks off in Riyadh

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Reading time: 2 MinutesHousing Minister Majid bin Abdullah Al-Hogail opened the “Restatex 2017” International Real Estate Exhibition, which is being held from April 23 – 26 April at the Riyadh Exhibition and Convention Center, with the participation of Amlak Real Estate Newspaper and a number of relevant entities, in addition to a group of real estate development and financing companies and firms involved in housing, real estate, and construction. Al-Hogail emphasized that this exhibition … Read more

“Koon” Wins Bid to Supply 8 New Projects for Al-Argan Projects Company in Saudi Arabia

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Reading time: < 1 MinuteKONE, a global leader in the elevator and escalator industry, has won a contract to supply 153 elevators to eight different projects for Al Argan Projects in Saudi Arabia. The projects are located in Dammam, Yanbu, Riyadh, and Jubail, and include the “Suhul Strip Mall” and “Rehab Strip Mall” shopping centers, the Green Oasis residential buildings, the Murooj apartments, and others. Andropusnan, Portfolio Manager at Al-Argan Projects, said, “We are pleased to be working with … Read more

With media sponsorship from Amlak Newspaper, the “Cityscape Abu Dhabi 2017” exhibition has come to a close”

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Reading time: < 1 MinuteThe “Cityscape Abu Dhabi 2017,” held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and inaugurated by His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of the Executive Council of Abu Dhabi, concluded its 11th edition with media sponsorship from Amlak Real Estate. The exhibition witnessed the launch of numerous projects … Read more

“Housing”: Jeddah begins issuing invoices for white land fees

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Reading time: < 1 MinuteThe Ministry of Housing has begun issuing bills for vacant land fees in the city of Jeddah, with 490 bills issued for 374 plots of land subject to the regulation, covering a total area of more than 120 million square meters. The Ministry announced that this number may increase or decrease following the objection period, for which the system has set a 60-day deadline from the issuance of the decision to subject the land … Read more

«Euromoney holds special event on real estate investment trusts

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Reading time: < 1 MinuteEuromoney Conferences is holding a special session one day before the start of the Euromoney Saudi Arabia conference. The session will present a study on real estate investment funds in the Kingdom. The session is sponsored by Knight Frank, an independent real estate consultancy. This session comes amid growing investor interest in the real estate investment fund sector in Saudi Arabia. Since the issuance of legislation clarifying the rules governing the listing of investment funds… Read more

Emaar launches the third tower of Downtown Views 2

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Reading time: < 1 MinuteEmaar Properties, listed on the Dubai Financial Market, is expected to launch the third residential tower in its new “Downtown Views 2” project in Downtown Dubai. Sources explained that the tower features a variety of apartments ranging from one-bedroom to two- and three-bedroom units, noting that the company allows investors to pay 51% of the property’s value upon registration and 51% at the end of … Read more

The value of real estate transactions 19 % in Sharqiya declined in a month

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Reading time: 4 MinutesReal estate indicators from the Ministry of Justice revealed a decline in the number and value of transactions in the Eastern Province during April 2017, while the overall average price per square meter in its major cities also fell. The indicators showed a decrease in the number of transactions in the region to 299 real estate deals, a drop of 6.11%. Their total value also fell by 683,619,003 riyals, a decrease of 19%, … Read more

Amlak-sponsored International Real Estate Forum concludes in Dubai

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Reading time: < 1 MinuteThe “2017 International Real Estate and Investment Forum” concluded on April 2–4 at the Dubai International Convention and Exhibition Centre, sponsored by Amlak Real Estate Newspaper, with broad participation from major investors, local and international real estate companies and institutions, a select group of real estate developers, consultants, and traders, as well as thousands of visitors, all with the aim of promoting real estate investment opportunities and freehold ownership of various types of real estate units. The event kicked off … Read more

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