Month: November 2017

Reports : $44 billion worth of real estate transactions in 10 months, and the decline rises to 27%

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Residential Land - Riyadh Future Projects - Real Estate

Reading time: 2 MinutesThe Saudi real estate sector has recorded since the beginning of the year during the last ten months, a decrease in the total value of transactions by more than 27.4 percent, to settle the total value of real estate transactions at 44 billion dollars, compared to about 60 billion dollars for the same period last year, and it is clear from the real estate indicators that all activities without exception with the difference in their percentages, except ... Read more

A public auction. Jeddah Municipality today offers 113 residential plots in Al Saeed Scheme

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Reading time: < 1 Minute  After a 29-year hiatus, the real estate community is awaiting the public auction organized by the Jeddah Municipality today, Monday, for the Al-Saeed scheme, which is located east of the Mecca-Jeddah highway and consists of 113 pieces on an area of 4 million square meters and the auction continues over two days under the supervision of the real estate sect in the governorate according to the modern mechanism for organizing auctions to ... Read more

UAE Real Estate “ASAS Real Estate unveils 30 residential villas in Sharjah

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Reading time: < 1 Minute  ASAS Properties has unveiled residential villas within its Hoshi project on Mleiha Street, which connects Mohammed bin Zayed Street to Emirates Street in the Emirate of Sharjah, unveiling 30 residential villas distributed on 15 plots of land with two villas on each plot. Each plot contains two adjoining villas, with each villa consisting of ... Read more

Dubai: Mohammed bin Rashid issues amendments to real estate registry laws to protect investors and developers

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Reading time: 3 Minutes  Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as Ruler of Dubai, issued Law No. (19) of 2017, amending some provisions of Law No. (13) of 2008, regulating the initial real estate registry in the Emirate of Dubai, to protect real estate investors and developers, and ensure accurate understanding and proper application of ... Read more

Localizing Korean expertise The establishment of Hanmi Real Estate Company as a supervisory arm for Saudi Real Estate projects“

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Reading time: < 1 Minute  With a capital of 4 million riyals, Saudi Real Estate Company revealed the establishment of a limited liability company named Real Estate Hanmi Project Management Company, where the share of “Real Estate” amounted to 60% of the company's capital (equivalent to 2.4 million riyals), while Hanmi Global Limited, headquartered in Seoul, South Korea, acquired 40% of ... Read more

“Zain KSA targets more than 25.3 thousand homes and business locations with wireless broadband services

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Reading time: < 1 Minute  Zain KSA Zain has successfully completed the first high-speed wireless broadband project for remote areas in the Kingdom ahead of schedule, benefiting more than 147,000 citizens and residents, facilitating the deployment of e-government services and accelerating digital transformation efforts. The project aims to extend the service ... Read more

After the implementation of the white land system Demand for development applications rises by 25% in Riyadh

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Real Estate - White Land Fees

Reading time: < 1 MinuteThe Ministry of Housing, represented by the White Land Fees Program, revealed an increase in the number of land development requests received by the secretariats and municipalities of the cities subject to the fees, with Riyadh achieving an increase of 25%, indicating that this is one of the objectives of imposing white land fees, which is to increase the supply of developed land. Engineer Mohammed Al Madhihem, General Supervisor of the program, explained that ... Read more

Sama: Bank profits rebound... 12 Saudi banks earn 33.38 billion in profits in 9 months

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Real estate loans

Reading time: < 1 MinuteThe monthly bulletin of the Saudi Arabian Monetary Agency (SAMA) for September 2017 revealed that the profits of banks operating in Saudi Arabia rose to 33.38 billion riyals by the end of the first 9 months of this year, an increase of 600 million riyals, compared to their profits in the similar period last year, which were 32.78 billion riyals. On the other hand, banks“ profits rose in September ... Read more

Al Ahli Bank participates in the first Saudi Startup Forum. And trains 2196 entrepreneurs

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National Bank

Reading time: < 1 MinuteThe National Bank participated in three workshops at the first Saudi Startup Forum, organized by Umm Al-Qura University, represented by Wadi Makkah Technology Company, which discussed several topics including financing opportunities for small and medium enterprises, business model innovation, value-added tax and financial management, within specialized workshops that contributed to preparing startups to present their companies to investors and capital funds ... Read more

Eastern Economic Forum: 22 government entities in the “Taseer” committee to improve the investment environment and facilitate its procedures 279 recommendations to improve competitiveness

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Contracting - Investment - Real Estate Finance

Reading time: 2 MinutesThe General Authority for Investment (GAFI) emphasized during its participation in the Eastern Economic Forum, which concluded last Thursday, that creating a safe and stimulating investment environment for the private sector and providing the necessary guarantees to preserve rights is one of the priorities, noting the remarkable development achieved by the Kingdom in the path of protecting minority shareholders in companies, where it jumped from 63rd place to 10th place globally in ... Read more

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