Month: December 2017

Cement companies are exporting 163,000 tons in 2017... and cement stockpiles have reached record highs

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Reading time: < 1 MinuteThe Kingdom’s cement exports in 2017 totaled approximately 163,000 tons, according to monthly reports issued by cement companies, Jihad Al-Rashid, chairman of the National Committee for Cement Companies at the Council of Saudi Chambers, revealed that exports were limited to the Kingdom of Bahrain, which was exempt from export duties, but they have been completely halted since March 2017 due to … Read more

Ministry of Housing takes stock of white land violators and issues 80 payment orders in Makkah

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White Land Fees

Reading time: < 1 Minute  The Ministry of Housing is currently identifying and tracking down violators of the provisions of the White Land Law and its regulations who have not yet registered their land, and is working to sort through the land that was registered after November 4, 1438 AH. On the same subject, the Ministry issued 80 payment orders yesterday for 71 residential plots subject to White Land fees in Makkah, with a total area of 10.5 … Read more

Abu Dhabi to host Nile Real Estate 2017 Opening the Egyptian market to GCC investors

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Reading time: < 1 Minute  With the participation of Egypt’s leading real estate development companies, the “Nile Real Estate 2017” exhibition will kick off in Abu Dhabi this coming Thursday, December 14, at the Abu Dhabi National Exhibition Center (ADNEC), and will run through the 14th of the same month. The exhibition offers a diverse range of premium residential and commercial properties from Egypt’s leading real estate developers, with the aim of showcasing and promoting the Egyptian real estate market… Read more

General Authority for Statistics: Saudis occupy 3.5 million homes and foreigners 2 million Apartments are the most common

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Residential Land - Riyadh Future Projects - Real Estate

Reading time: < 1 Minute  The number of dwellings occupied by Saudi families stood at 3.51 million, while foreigners occupied 1.96 million dwellings. A report issued by the General Authority for Statistics stated that the number of dwellings occupied by families in Saudi Arabia reached 5.47 million. Makkah leads the way, with the Makkah region ranking first in terms of the number of dwellings occupied by Saudis, at approximately … Read more

Court ordered to cancel Real Estate Fund's decision to transfer some beneficiaries of financing loans to commercial banks

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Reading time: < 1 MinuteThe Administrative Court in Abha overturned the Real Estate Fund’s decision to refer a number of citizens who had been approved for financing loans to commercial banks. A number of citizens had filed a complaint with the Administrative Court in Abha, and the ruling stipulated the annulment of the Real Estate Fund’s decision and granted it one month to appeal. On November 14, 2017, the Administrative Court in Riyadh ruled that the Real Estate Development Fund must implement the decision … Read more

Powered by Cityscape, Next Move kicks off in Cairo on December 14 Amlak Newspaper is a specialized sponsor

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Reading time: 2 Minutes  With the support of Cityscape Exhibitions, more than 40 exhibitors from leading real estate development companies are participating in the “Next Move” exhibition, which kicks off in Cairo from December 14 to 16, where the exhibition will showcase hundreds of real estate investment opportunities for potential buyers. Real estate developers are expected to promote their latest residential projects that … Read more

Sales for “Al Dar Real Estate” at the “Waters AG” project in the new phase begin on Tuesday, December 12

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Reading time: < 1 MinuteFollowing the successful sales of the second phase of the “Waters AG” project, which generated more than 800 million dirhams, Aldar Properties, listed on the Abu Dhabi Securities Exchange, has launched new residential units within the “Waters AG” project, located on the waterfront of Yas Island in Abu Dhabi. Sales will begin on Tuesday, December 12, at the Aldar Sales Center on the island… Read more

The Riyadh General Court Concludes the “Al-Ghazal Shares” Case and Upholds the Right of 22,000 Shareholders to Their Capital

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Reading time: 1 MinuteAfter a legal battle lasting more than 40 years, the General Court in Riyadh has ruled on the capital contributions of shareholders in the Al-Ghazal Real Estate Office case, which is considered the oldest such case in the Kingdom, with more than 22,000 shareholders affected. The hearing was attended by a number of shareholders, while the representative of the heirs of the shareholder’s owner was also present. The issuance of the ruling will compel the heirs of the shareholder’s owner … Read more

The Ministry of Housing Begins the Reservation Process for 2,000 Housing Units of Various Types in Jeddah Province

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Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Reading time: < 1 Minute As part of its partnership with the private sector, the Ministry of Housing will begin the reservation process in the coming days for 2,000 diverse housing units in the province of Jeddah, through an off-plan sales program in partnership with real estate developers. Prices for the housing units start at 370,000 riyals, and they feature model designs that meet the necessary quality standards and are located in a prime location at the intersection of Al-Haramain Road and … Read more

Fam Holding begins construction of the Al Mahra Tourist Resort on Al Marjan Island at a cost of 450 million dirhams

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Reading time: 2 MinutesWith a total value of 450 million dirhams, Fam Holding has begun construction on the Al Mahra Tourist Resort, located on Al Marjan Island in the emirate of Ras Al Khaimah. The resort covers an area of 126,000 square feet,  The resort is one of the company’s latest projects under development in the emirate of Ras Al Khaimah, located just 45 minutes away from the emirate… Read more

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