Month: September 2017

“Municipal and Rural Affairs”: A building permit for a residential villa within an approved plan takes no more than ten business days to process

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Reading time: < 1 Minute  The Minister of Municipal and Rural Affairs, Eng. Abdul Latif Al Sheikh, revealed details of the “Unified Procedural Guide” and the ”Technical Document for Implementing the New Procedures for Residential Villa Building Permits,” which were prepared by a joint working group comprising the Ministry’s Agency for Technical Affairs, the Municipal Information Center, and several municipal secretariats, in order to achieve the second objective “facilitating the process of obtaining a residential villa building permit within a plan … Read more

Sheikh Hamdan bin Rashid visits the “Al Dar Real Estate” booth at “Cityscape 2017” and learns about the “Waters AG” residential project

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Reading time: < 1 MinuteHis Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, visited the Al Dar Real Estate Company booth at Cityscape Global, which is currently being held in Dubai, where he was received by Talal Al-Dhiyabi, the company’s Chief Development Officer; Fahad Al-Katbi, Chief Operating Officer; and a number of Aldar Properties employees, during His Highness’s tour of … Read more

Cityscape Dubai reveals 75% of residential supply GCC projects worth 448.1 billion dollars

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Reading time: 2 Minutes  More than 300 local, regional, and global real estate companies, along with dozens of banks, are showcasing their offerings at the «Cityscape Global» exhibition, which kicked off in Dubai the day before yesterday. They are stepping up their efforts to market 1,000 projects with a total estimated value of $815 billion, relying on innovative promotional strategies aimed at revitalizing real estate investment in new units. Cityscape is a true test for the real estate market, and the offerings… Read more

Swiss banks are fighting a decline in profits to avoid the risks of a sell-off by attracting international clients

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Reading time: < 1 MinuteAbout 60 to 70 Swiss private banks are facing serious problems that could force them to shut down or put themselves up for sale, according to a study published last week. The study, prepared by the consulting firm KPMG, added that these banks—which are struggling with falling profits due to fierce competition and a global crackdown on tax evasion—must work to reduce … Read more

Crown Prince of Dubai Opens “Cityscape Global 2017” Exhibition and Praises the Role of Companies in Real Estate Development  

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Reading time: 2 MinutesThe “Cityscape Global 2017” exhibition, hosted by Dubai at the World Trade Center over the course of three days, officially kicked off this morning. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, graced the opening ceremony with his presence. His Highness toured the exhibition hall during this 16th edition of the event and learned about the most significant real estate development projects and other initiatives… Read more

Training program for applicants to the notarial service: “Justice” clears 259311 real estate deeds in 11 months

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Ministry of Justice

Reading time: 2 MinutesCompanies accounted for 35% of the 259,311 real estate deeds registered by notary offices in Saudi Arabia over the past 11 months, at an average of 786 deeds registered per day. Ranking of Regions by Number: The ranking of regions by the number of real estate deeds issued was as follows: The Riyadh region recorded the highest number with 77,358 real estate deeds issued, accounting for … Read more

Cityscape Global in Dubai Kicks Off with 300 Exhibitors Showcasing Nearly 370 Real Estate Projects

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Reading time: 2 Minutes  The 16th edition of Cityscape Global kicks off today in Dubai, with 300 exhibitors showcasing approximately 370 real estate projects currently under development. Ahead of the exhibition’s opening, the Cityscape Conference began yesterday, with approximately 1,500 delegates and speakers discussing topics such as new legislation, Dubai’s blockchain strategy, and the latest fire code issued by … Read more

“Aldar completes Repton School project and sets construction completion date of 15 months

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Reading time: < 1 MinuteAldar Properties, a leader in real estate development, investment, and management in Abu Dhabi, announced the completion of the “Ripton School” project and its handover to “Evolvance Knowledge Investments Limited,” the school’s primary operator, ahead of the start of the new 2017–2018 school year. Aldar Properties had been appointed as the master developer for the project, which consists of two main buildings, one of which is designated as a school, and the other … Read more

Amlak newspaper articles. Abdulaziz Al-Issa, Editor-in-Chief, writes: The competitive phase Human Services First

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Reading time: 2 MinutesThe Kingdom’s efforts to enable foreign and global companies to enter the Saudi market, bring about a qualitative leap in the economy, and enhance competitiveness have brought much welcome news. In this context, the Custodian of the Two Holy Mosques—may God preserve him—issued directives in September of the year before last to review all trade and investment regulations with the aim of facilitating the operations of global companies and providing incentives, including direct investment… Read more

Director of the «Amlak» Office in the UAE Appears on Dubai TV… Ali Al-Shawi: Dubai’s Central Role Has Strengthened the Saudi Market’s Openness to the World

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Reading time: < 1 MinuteMr. Ali Al-Shawi, director of the Emlak newspaper’s office in the UAE, emphasized the depth of economic relations between the Kingdom of Saudi Arabia and the UAE, noting that Saudis concluded real estate deals in the Dubai market worth more than 12.5 billion dirhams during the first half of this year. Al-Shawi noted that Dubai serves as a pivotal commercial hub connecting the East and West, which has helped foster market openness … Read more

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