Month: June 2017

Ministry of Housing Signs Agreements with 6 Real Estate Companies… “Dawaween” Unveils 4,500 Housing Units in Riyadh

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Reading time: < 1 MinuteIn the presence of Housing Minister Majid bin Abdullah Al-Hogail, Dawawin Al-Jazira, along with five other real estate development companies, signed an agreement with the Ministry of Housing to build thousands of housing units in various regions of the Kingdom, following a press conference held by the Ministry to announce the fifth allocation round of the “Sakani” program. Dawawin revealed details of its project with the Ministry of Housing, noting that the project … Read more

Saudi Real Estate Company contracts 567 villas and duplexes in Riyadh's Al Rimal neighborhood

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Reading time: < 1 Minute With a total capacity of (567) villas and duplexes, the Saudi real estate company has been contracted to develop the Al-Dahiya gated residential community in the Al-Rimal neighborhood, northeast of Riyadh, southeast of King Khalid International Airport.  The project aspires to be more than just a real estate development or a collection of residential units; rather, it embodies a modern, luxurious lifestyle for an elite clientele seeking opulence and comfort, as an extension of the company’s commitment to… Read more

Aims to inject 50 billion riyals... Majid Al-Hogail Appointed Chairman of the Board of Directors of the Saudi Real Estate Refinancing Company

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Real Estate Financing

Reading time: < 1 MinuteUpon the recommendation of the Council of Economic and Development Affairs, the Cabinet approved at its meeting held yesterday that the Minister of Housing serve as chairman of the board of directors of the Saudi Real Estate Refinancing Company for a single term only. The new company aims to inject up to 50 billion riyals into the housing sector over the next five years. Housing Minister Majed Al-Hogail had announced last December … Read more

Sales reached AED 500 million “Azizi starts selling units of Farhad Residences in Dubai Healthcare City

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Reading time: < 1 MinuteWith a total of 634 residential units, Azizi Real Estate Development has launched sales of units in the Farhad residential building in Dubai Medical City, noting that 80% of the total units have been sold, with sales totaling 500 million dirhams. The company indicated that the project is scheduled for completion in the second quarter of 2019. This building is considered the second … Read more

It will pump 150 thousand housing units. “Tamamam” approves 24 residential projects and plans in different regions

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real estate - building permits - projects - residential real estate development - projects - schemes - residential projects

Reading time: 2 MinutesThe Ministry of Housing, represented by the Developer Services Center, confirmed “Etemam,” the approval of twenty-three real estate project plans representing the first and second phases of the Ministry of Housing’s project plans, with a total area estimated at forty million square meters across a number of cities, provinces, and centers in the Kingdom, as well as the approval of a comprehensive private-sector development project in collaboration with the Riyadh Municipality, covering an area of 150,000 square meters. Collaboration between “Itmam” and … Read more

Toward a Container-Free Riyadh… Riyadh Municipality Begins Implementing Waste Sorting Following the Eid al-Fitr Holiday

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Reading time: < 1 MinuteThe Riyadh Region Secretariat has directed administrative and technical departments to begin implementing the “Riyadh Without Trash Containers” program following the Eid al-Fitr holiday on 8 Shawwal 1438, by sorting waste at its source in buildings belonging to the Secretariat’s departments (municipalities, departments, units, and facilities) to serve as a model for implementation across the rest of the public and private sectors. This was announced in a circular… Read more

Amlak Newspaper surveys opinions Dr. Al-Muneef: The auctions of Al-Rajhi's estate melted the ice and eliminated the phenomenon of hesitation and reservation

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Reading time: < 1 MinuteWith the beginning of the recovery of the real estate market in the last period, the demand for deals on residential and commercial lands witnessed a great demand from investors and citizens, which prompted specialists to expect more demand for residential units in the presence of a supply that may not meet the desires of Saudi families, in preparation for the next stage of construction and urbanization. Amlak Real Estate Newspaper ... Read more

Jabal Omar signs 15-year lease agreement for Makkah Marriott Hotel

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Reading time: < 1 MinuteJabal Omar Real Estate Development Company signed an agreement with the Abdulmohsen Al-Hokair Group for Tourism and Development to lease the Marriott Jabal Omar Hotel in Makkah (a five-star hotel), located in the first phase of the Jabal Omar project, for a period of 15 years. The hotel features 426 rooms and suites, two restaurants, and meeting rooms. The agreement was signed on the evening of Friday, June 9, 2017. Jabal Omar Development Company clarified that the value … Read more

The Real Estate Fund at the National Dialogue Center: Reducing the waiting period to five years

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Reading time: < 1 Minute Participants at the meeting organized by the King Abdulaziz Center for National Dialogue last Tuesday, June 6, 2017, titled “The Future Role of the Real Estate Development Fund,” explained  that the subsidized financing program was designed to serve all those on the waiting lists and reduce their length from ten “”10 years or more to a maximum of five ”5” years, and to increase the home ownership rate among citizens in the Kingdom by approximately 52 % by … Read more

Ministry of Justice: The number of old real estate deeds registered during the last period increased to 61910

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Real Estate - White Land Fees

Reading time: 2 MinutesThe number of registrations of existing real estate deeds at first-instance notary offices rose from the beginning of the Hijri year through the middle of last Sha’ban to 61,910 out of a total of more than 550,000 transactions processed across all regions. Major Cities Dominate: Four regions—including Makkah, Riyadh, Al-Sharqiyah, and Al-Qassim—accounted for 74 % of the total registrations that … Read more

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