Month: January 2018

 False ceilings and installing wall tiles in kitchens Episode 65 - Majid Almohaimeed

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Reading time: 2 Minutes The building's false ceilings (gypsum and others) during its implementation phase. If there are any conflicts between the ducts and the plans, it must be stopped and referred to the designer, all borrowed ceilings are implemented in the building except for restrooms and all spaces where wall tiles will be installed, such as restrooms and laundry rooms ... Read more

Global reports: London tops the list of cities attracting $33 billion in investment in 2017

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London - Rent Real Estate

Reading time: 2 MinutesReal estate reports have shown the growth of real estate investment in the British capital, London, topping the list of the most attractive cities for global real estate investment in 2017, despite the uncertainty surrounding Brexit. According to a report by global real estate market research and advisory firm JLL, investments rose by 35% from ... Read more

International Property Show kicks off in Dubai next April with 2017 deals worth AED 285 billion

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Reading time: < 1 MinuteThe International Property Show will take place from April 9 to 11 at the Dubai World Trade Center and will feature a series of international activities aimed at attracting investments to the UAE's real estate market. Dawood Al Shizawi, Chairman of the Organizing Committee of the Dubai Property Festival, said that the International Property Show in its new 2018 edition will provide investors with a comprehensive platform ... Read more

Neom awards contracts to build 5 palaces and develop infrastructure worth SAR 15 billion

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Reading time: < 1 MinuteInformed press sources revealed that preparations and plans for the construction of the new city of Neom have begun, revealing that contracts have been awarded to build five palaces and some other infrastructure worth up to 15 billion riyals. The news, citing MEED magazine and its sources, revealed that the local company “Al Seef Engineering and Construction” will build four of the five palaces, while ... Read more

SEDCO Capital REIT's public offering continues until February 9

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Reading time: 2 MinutesSEDCO Capital, a leading Saudi real estate asset management company, has announced the commencement of the public offering of units of the SEDCO Capital Real Estate REIT (REIT) from Jumada I 8, 1439H (January 24, 2018) until Jumada I 21, 1439H (February 6, 2018), following the approval of the Capital Market Authority (CMA) on the fourth ... Read more

Minister of Commerce issues a decision appointing Engineer Saleh Al-Rasheed as Governor of the General Authority for Small and Medium Enterprises

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Reading time: < 1 MinuteBy a decision of the Minister of Commerce and Investment and Chairman of the Board of Directors of the General Authority for Small and Medium Enterprises (GASME), Dr. Majid bin Abdullah Al Qasabi, Engineer Saleh bin Ibrahim Al Rasheed has been appointed Governor of the General Authority for Small and Medium Enterprises (GASME). Al-Rasheed recently served as CEO of Riyadh Airports Company, which manages and operates King Khalid International Airport in Riyadh, during which time he led the transformation of ... Read more

General Authority for Statistics: The General Real Estate Index fell 3.2% in 2017

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Residential Land - Riyadh Future Projects - Real Estate

Reading time: < 1 MinuteThe quarterly General Index of Real Estate Prices in the Kingdom of Saudi Arabia for the fourth quarter of 2017, released by the General Authority for Statistics (GASTAT) this week, showed a decline of 3.2% compared to the corresponding quarter of last year (Q4 2016) and attributed this decline to the decline in the main sectors that make up the index: Residential (2.2%), Commercial (5.7%) and ... Read more

Ministry of Housing outlines 4 procedures for obtaining title deed for land grants

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Reading time: < 1 MinuteThe Ministry of Housing has identified 4 procedures that the beneficiary must follow when applying for a land grant, stressing its importance to achieve optimal utilization of the land. The ministry explained that the four procedures are to review the nearest branch of the ministry in the region, obtain a building license within 6 months, start construction within a year, and finish it in 3 years to obtain the title deed. Read more

Prince Saud bin Nayef: Eastern Province is a key pillar of the national economy Ras al-Khair Industrial City to promote the industrial sector

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Reading time: 2 MinutesPrince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, emphasized the great role played by the Eastern Province in supporting the national economy of the Kingdom, and the expansion of the region's industrial activities in particular, especially after the establishment of Ras Al Khair Industrial City on the Arabian Gulf, north of Jubail Industrial City. Prince Saud said in an interview with ... Read more

Jadwa REIT Saudi Arabia completes 120.9% IPO coverage

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Reading time: 2 MinutesJadwa Investment Company announced the successful completion of the initial public offering of its second real estate ETF, Jadwa REIT Saudi Arabia, with a coverage ratio of 120.9% for the units offered. The number of units of the fund is 158 million units, of which 30% were offered for public subscription (47.4 million units with a nominal value of 10 riyals per unit), where the offering period was from January 03, ... Read more

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