Month: June 2017

Amlak Newspaper surveys opinions. Dr. Al-Mughlouth: The revival of the real estate sector is starting to stimulate the economy and building materials factories

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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

Ministry of Housing seeks to reduce risks and costs for real estate developers

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Reading time: < 1 MinuteThe private sector partnership program adopted by the Ministry of Housing reduces the risks and costs for real estate developers, as the high costs of housing units priced between SR250,000 and SR700,000 is a major challenge for real estate developers, said Ahmed Mandoura, general supervisor of the private sector partnership program at the Ministry of Housing. In an interview with Al Arabiya TV, Ahmed Mandoura, the general supervisor of the private sector partnership at the Ministry of Housing, explained... Read more

Ministry of Housing: The launch of the unified rental contract will bring balance to the real estate rental sector

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Reading time: < 1 MinuteThe Ministry of Housing, represented by the «Ejar» program, launched the unified rental contract to serve as the main engine for the development, sustainability and increase confidence to achieve balance in the real estate rental sector, by organizing and facilitating the procedures of the real estate rental sector with incentive systems and mechanisms, and impartiality. The unified rental contract aims to facilitate the conduct and proof of rental transactions, enhance confidence between the parties, and record the obligations ... Read more

Amlak Newspaper surveys opinions on the next phase of real estate: Optimistic that the real estate market will continue its awakening and the next phase of construction

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Reading time: 3 MinutesAmlak - Survey With 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 building, construction and urbanization. Newspaper ... Read more

With the participation of Free Thinking Foundation for Exhibitions Riyadh Chamber organizes the Saudi Marketing Conference annually during 2017-2020

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Riyadh Chamber

Reading time: < 1 MinuteAccording to a joint cooperation agreement signed by the Riyadh Chamber with the Free Thinking Foundation for organizing exhibitions and conferences, the Chamber intends to organize the Saudi Marketing Conference in its fifth edition for 2017, which aims to upgrade the concept of marketing and activate it within the economic sectors, in an effort to revitalize the Saudi markets and open modern marketing outlets for national products. The agreement, which was signed by the Chamber's Secretary General Ahmed bin Ali ... Read more

In a meeting at the King Abdulaziz Center for National Dialogue The Real Estate Fund pumps 6 billion riyals annually to lend 12 thousand beneficiaries

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Reading time: 3 MinutesThe meeting organized by the King Abdulaziz Center for National Dialogue last Tuesday, June 6, 2017, in which the leaders of the Real Estate Development Fund hosted a number of technical and administrative aspects and obstacles to its progress. The meeting, which was characterized by transparency and clarity, revealed that the fund's financing capacity reaches 6 billion riyals annually and there are more than 12 thousand beneficiaries annually, and that ... Read more

Saudi Monetary Authority requires banks and financial institutions to document the registration of mortgages

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Reading time: < 1 MinuteThe Saudi Arabian Monetary Agency (SAMA) issued a directive to all banks, financial companies and real estate finance companies. The directive, which came through a circular, which Amlak newspaper obtained a copy of, included correcting the status of properties currently registered in the name of ... Read more

In the presence of its leaders and employees. Saudi Home Finance Company (Sahl) organizes the annual iftar ceremony 1438

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Reading time: < 1 Minute  The Saudi Housing Finance Company (Sahl) recently organized the annual Ramadan Iftar ceremony, with the participation of the company's employees, heads of affiliated departments and senior executives in various sectors, in the presence of Mr. Yousef Al-Shalash, Chairman of the Board of Directors and members of the Board of Directors of the company, in Riyadh, at the Marriott Hotel. For his part, Mr. Abdullah Al-Sheikh, CEO of Saudi ... Read more

 “Ejar” contract for the residential sector to be implemented; contract formulas to include all parties' data

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Rent

Reading time: 2 Minutes  The Ministry of Housing has completed its arrangements to start applying the “Ejar” program to the residential and commercial sectors, where the approved real estate broker can register three Saudi users as additional assistants and authorize them to register tenants“ data in the ”Ejar" system on his behalf, provided that the broker will be directly responsible for the actions of his registrants, noting that the Ministry of Housing will allow in the future ... Read more

Kuwait plans to implement 198,000 housing units in the coming years

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Reading time: < 1 MinuteKuwait plans to start implementing construction projects and building 198,000 housing units over the next few years to meet the growing housing needs of citizens. Ibrahim Nasser al-Nashi, director of the Coordination and Programs Department at the Public Corporation for Housing Welfare, said in an interview with Reuters that 60,000 of these units are part of the ninth five-year plan ... Read more

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