Month: May 2017

The Ministry of Housing and the Real Estate Fund Announce the Names of the Fourth Group of Beneficiaries of Housing Products for 2017

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Reading time: < 1 MinuteThe Ministry of Housing announced the names and details of the beneficiaries of the fourth batch—which had been announced earlier—of the 2017 housing projects. The fourth batch comprised a total of 20,585 housing units, including 7,700 loans from the Real Estate Development Fund. The housing units included the allocation of 6,274 housing units (190 villas ready for delivery, and 6,084 villas and apartments for sale on … Read more

Bank Albilad launches self-service sales centers to offer its products to customers in all regions of the Kingdom

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Reading time: < 1 MinuteAl-Bilad Bank has launched self-service sales centers to support its expansion as part of a redeployment plan aimed at expanding across all regions of the Kingdom; the centers offer all services and products to all customers visiting the centers. Commenting on this move, Abdulaziz bin Mohammed Al-Anizan, CEO of Al-Bilad Bank, said: “The launch of these centers, which provide our valued customers with all … Read more

The auction continues today, Sunday... The third Al-Rajhi estate auction in the Al-Quds neighborhood of Riyadh is selling 80% lots in the neighborhood

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Reading time: 2 MinutesWith a large and remarkable turnout that exceeded expectations—more than 1,370 bidders who submitted 1,000 certified checks— the Estate Council of Sheikh Saleh bin Abdulaziz Al Rajhi, may God have mercy on him, in cooperation with Itqan Real Estate Company—the exclusive marketer of the estate—continued yesterday afternoon, Saturday, May 20, with the third auction for the sale of the private estate in the Al-Quds development in Riyadh, A total of 80% of the lots were sold, provided that … Read more

A lease agreement that requires the landlord to perform property maintenance work related to the building’s safety and the repair of defects

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Rent

Reading time: < 1 MinuteEngineer Mohammed Al-Bati, the supervisor in charge of regulating the rental sector at the Ministry of Housing, confirmed that, under the regulations, the landlord is obligated to pay for the periodic maintenance expenses necessary to preserve the unit during the lease term. Al-Bati explained that the landlord is also obligated to perform property maintenance work related to issues that affect the safety of the building or whose cause was not apparent to the tenant at the time of leasing, as well as to repair any … Read more

Auctions of Sheikh Saleh Al-Rajhi’s estate will offer 87 commercial properties and 476 residential properties in the Al-Quds neighborhood of Riyadh today, Saturday

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Reading time: 2 MinutesFollowing the remarkable success of the first and second auctions over the past two weeks, during which six properties in Riyadh and Jeddah were sold for more than one billion riyals, the Real Estate Liquidation Council for the Estate of Sheikh Saleh bin Abdulaziz Al-Rajhi, may God have mercy on him, and Itqan Real Estate Company, under the supervision of the Ministry of Justice, are preparing to hold the third public auction this afternoon, Saturday, 24 Sha’ban 1438 AH, corresponding to May 20 … Read more

Jabal Omar Company Reveals Details and Significance of Its New Identity, Inspired by Islamic Culture

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Reading time: < 1 MinuteJabal Omar Real Estate Development Company has unveiled details of its new brand identity. The logo embodies the company’s authentic identity and mission, which aims to highlight the cultural significance of the Holy Capital and showcase it to the entire world as a mark of appreciation and honor for the Sacred House of God. With this in mind, the company designed its logo using the ancient Ottoman script in which the Holy Quran was transcribed during the time of the Companions and the Caliphs… Read more

Al-Halafi Group is finalizing preparations to sell the “Saraya Riyadh” project at a public auction next Wednesday

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Reading time: 2 MinutesThe Abdulrahman Salman Al-Halafi Group has completed all preparations for the sale of the “Saraya Riyadh” residential and commercial development in northern Riyadh, which will be offered for sale at a public auction next Wednesday, corresponding to the 28th of Sha’ban (May 24, 2017), The group confirmed that the auction will be a good opportunity, ensuring fairness and equality for prospective buyers, especially since it has received serious expressions of interest in purchasing over the past few days, and noted that … Read more

Saudi Smart Cities Conference: A Study Reveals the Components of 17 Cities Home to 75% of the Kingdom’s Population

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Reading time: 2 Minutes  The Minister of Municipal and Rural Affairs, Engineer Abdul Latif bin Abdulmalik Al Sheikh, emphasized during his speech at the First Saudi Smart Cities Conference—organized by the Ministry under the slogan “Smart Solutions for a Better Life,” held at the King Faisal Ballroom of the Riyadh InterContinental Hotel from May 17–19, 2017, that the ministry’s strategy includes … Read more

“Stars of Peace” Wins the Award for Best Real Estate Appraisal Company in the Kingdom for 2016

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Reading time: 2 MinutesNujoom Al-Salam Real Estate Appraisal Company won the Entrepreneur Award from BNC International as the best real estate appraisal company in the Kingdom for the year 2016; the award was accepted by Mr. Abdullah Jarallah Al-Odaib, Vice Chairman of the company’s Board of Directors. The company is the first licensed and accredited real estate appraisal firm in the Kingdom to receive this award, and it was honored under the patronage of Dr. …, Governor of the General Authority for Small and Medium Enterprises. Read more

Ministry of Housing reveals about 4.5 million square meters of white land in Makkah

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Reading time: < 1 MinuteThe Ministry of Housing revealed that the total area of unregistered land subject to the fee system in the city of Makkah has reached approximately 4.5 million square meters to date. In a tweet posted by the official account of the Vacant Land Fee System on Twitter, the ministry urged landowners to register before the deadline expires. The first phase of the system’s implementation includes… Read more

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