Month: October 2017

Offering 5 VIP services around the world Dimensions Group celebrates with its partners at Al Faisaliah Hotel

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Reading time: < 1 Minute“Dimensions” Luxury Tourism Group for VIP Services—Riyadh Branch—celebrated with its partner, “Ledenq Hotel,” —at the Al Faisaliah Hotel in Riyadh. The celebration was attended by the group’s senior executives: Mr. Mohammed bin Ali Al-Qarni, Mr. Mohammed Al-Mubarak, and Mr. Fahad Al-Mari. The event was also attended by a select group of VIPs, including Sheikh Majid bin Ibrahim Al Ibrahim and Sheikh Fahd bin Abdulaziz … Read more

Wafi : 37 projects violating off-plan sales and marketing regulations

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Wafi-sale-on-plan

Reading time: < 1 MinuteEnforcement and inspection teams from the “Wafi” off-plan sales and leasing program 37 projects in violation during their inspection tours of a number of private-sector projects to verify compliance with regulations and controls governing off-plan real estate units in the housing market, These violations spanned 10 cities across the Kingdom over the past six months, and the program also approved the licensing … Read more

Articles from the Amlak Real Estate Newspaper... By Abdulaziz Al-Issa: A Cross-Border Extension

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Reading time: < 1 MinuteFor more than seven years of dedication and excellence in fulfilling our media responsibilities toward the real estate sector and related activities; Amlak Real Estate Newspaper has maintained a steady and continuous pace of work to keep up with rapid developments and evolving technologies, ensuring that its message reaches the widest possible audience of businesspeople, companies, and institutions—both domestically and internationally—in a timely manner, enabling it to achieve success… Read more

80 % of applicants on the Real Estate Development Fund's lists wish to build their own homes

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Real Estate Fund - Real Estate Finance

Reading time: 2 MinutesStatistics from the Ministry of Housing indicate that 80 percent of applicants on the Real Estate Development Fund’s waiting lists wish to build their own homes, a program that is still under review by financing agencies and is expected to be approved soon. Khalid Al-Amoudi, General Supervisor of the Real Estate Development Fund, said that thedelay in finalizing the applications of many of those whose names appear on the Fund’s waiting lists is due to this reason. Various housing programs … Read more

Plans to Refinance 75 Billion Riyals for the Housing Sector; «Investment Fund» Announces Establishment of the Saudi Real Estate Refinancing Company

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Reading time: < 1 MinuteIn collaboration with the Ministry of Housing, the Public Investment Fund launched the Saudi Real Estate Refinancing Company, in line with the Kingdom’s Vision 2030, which aims to enhance the performance of the real estate sector, increase its contribution to gross domestic product, and expand opportunities for Saudis to own adequate housing, with a rate reaching 52% by the end of 2020. The new financing company, whose board of directors is chaired by … Read more

The Al-Faisaliah Project: A Quantum Leap for Tourism Development... The Jeddah Tourism and Leisure Forum Focuses on Building Local Partnerships to Develop the Sector

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Reading time: 2 MinutesThe Jeddah Tourism and Entertainment Forum recently kicked off in Jeddah, with His Excellency Dr. Hani bin Muhammad Abu Ras, Governor of Jeddah, in attendance. The ceremony was attended by His Highness Prince Abdullah bin Saud bin Mohammed, Chairman of the Tourism and Entertainment Committee at the Jeddah Chamber of Commerce, as well as officials from the tourism and entertainment sector. The event is held under the patronage of His Royal Highness Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques… Read more

8,000 visitors expected... Jeddah to host the Decover Furniture and Design Exhibition on November 6

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Reading time: < 1 Minute  The city of Jeddah is celebrating the launch of the ninth edition of Decover, the Saudi international exhibition specializing in the furniture and design sector, which will take place from November 6 to 9, 2017, at the Hilton Hotel. Organized by “Reed Snider,” a company specializing in exhibition management, the DecoFair provides an opportunity for leading international and local companies in the furniture manufacturing and trade sector to come together… Read more

“The ”Dubai International Motor Show” kicks off on November 14 and will feature five different sections  

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Reading time: < 1 Minute  The “Dubai International Motor Show” has completed its preparations for the 14th edition of the event, which will take place from November 14 to 18 at the Dubai World Trade Center, where thousands of car enthusiasts will participate in this premier automotive event in the Middle East. “Dream Road”—one of the sections…—is expected to attract… Read more

Kicking off on November 2… The Dubai International Real Estate and Investment Exhibition Hosts “Real Estate in Portugal”

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Reading time: < 1 MinuteWith the participation of 125 exhibitors from 30 countries, the “Iris” International Real Estate and Investment Exhibition—now in its ninth edition—will take place at the Abu Dhabi National Exhibition Center from November 2 to 4, 2017, with the goal of attracting approximately 15,000 investors and real estate brokers. The exhibition serves as an ideal platform for investors and institutions to meet with real estate agents and partners from the United Arab Emirates, Saudi Arabia, India, Pakistan, Egypt, and Canada… Read more

Special Report: Apartment Sales Prices Stabilize in Dubai... 2,325 Villas and 10,200 Apartments Delivered in 9 Months

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Reading time: 2 MinutesThe real estate index readings for Dubai for the third quarter of 2017 showed stability in apartment sales prices during the quarter, while the year-over-year decline was approximately 4%. Average apartment rents in Dubai fell by 4% and by 12% year-over-year, with the Dubai Marina area recording the largest decline in average rent at 19% compared to … Read more

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