Reading time: < 1 Minute وصلت نسبة الإشغال في الفنادق المنطقة المركزية بمكة المكرمة والأحياء القريبة من المسجد الحرام إلى 70%, بانخفاض بلغ 30% وقدر مستثمرون في القطاع الفندقي بمكة المكرمة انخفاض نسبة الإشغال في الفنادق إلى30٪ بعد شهر رمضان المبارك عما كانت عليه خلال موسم العمرة. وفي ذات الاتجاه أكد المستثمر في القطاع الفندقي بمكة المكرمة صالح الزهراني، … Read more
Reading time: 2 Minutes The Capital Market Authority (CMA) has listed many benefits after placing the Saudi stock market on the MSCI Emerging Markets Index, which is considered the first step to join the index fully, representing a qualitative leap in the local financial market and consistent with the strategic direction to achieve the goals of the Kingdom's Vision 2030. The issuance of rules regulating foreign investment and this ... Read more
Reading time: < 1 Minute As part of its sustainable partnership with the Ministry of Housing to support the development of the housing sector in fulfillment of Vision 2030, Al Ahli Bank has launched the “Subsidized Finance” housing product and developed the system to automatically link it with the Real Estate Development Fund (REF) system, as part of its sustainable partnership with the Ministry of Housing to support the development of the housing sector. The “Subsidized Finance” product is one of the innovative financing solutions and benefits that are compatible with ... Read more
Reading time: < 1 Minute In a first-of-its-kind gesture, Facebook has announced plans to build a village of 1,500 homes in the US state of Florida, in an effort to address a housing shortage that has sparked tension between the site and neighboring communities. Facebook is planning a model village with a collection of shops, swimming pools, gardens and ... Read more
Reading time: < 1 MinuteAn official source revealed that last May witnessed a remarkable increase in the number of contracts or the value of financing, exceeding the previous twelve months, as the number of residential real estate loans granted reached 2,826 contracts with a total value of more than 1.8 billion riyals, an increase of 15% from the previous month (April 2017). According to the source, residential real estate loans for individuals by 31% compared to ... Read more
Reading time: < 1 Minute Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, revealed that Saudi Arabia is Dubai's first trading partner in the Gulf and Arab world, and fourth globally, with exchanges worth AED 15.22 billion, representing 4.7% of the first quarter's trade, according to Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. His Highness explained that Dubai's non-oil trade growth for the first quarter of 2017 by 2.7% with a total ... Read more
Reading time: < 1 MinuteDubai Land Department (DLD) has revealed that the Dubai Brokers application provides access to 8196 real estate offices and brokers and provides them with accurate and up-to-date information about Dubai's licensed real estate brokers and real estate companies licensed and approved by DLD. The application contains 8196 real estate offices and brokers, and allows the investor to verify the real estate broker and ensure that he is registered ... Read more
Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs issued about 129 thousand building permits in various regions of the Kingdom of Saudi Arabia during 1437 AH, with a slight decrease of 0.4 % compared to 1436 AH. According to data released by the Statistics Authority, the total area of these licenses amounted to about 435.4 million square meters, and their uses were distributed for residential, commercial, industrial, education, health ... Read more
Reading time: 2 MinutesThe electrical boxes are installed upon completion, the metal box for the sub-distribution panels «drummers» is supplied, only the box is installed, while the cover and cutter are saved until they are installed during the final finishes, the location of the electrical distribution panels «drummers» for each floor is predetermined during the «bone» stage and it is never recommended to change the location of the drum, as this follows a lot of effort and costs ... Read more
Reading time: 2 Minutes Real estate sources in Dubai revealed that the average profit returns range from 5% to a maximum of 30%, explaining that real estate investment in Dubai is still among the highest in the world thanks to an integrated series of economic and geographical factors, noting that the benefits vary from one sector to another and according to many other factors controlled by the quality of the property, its location and services ... Read more
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