Riyadh Municipality gives owners of furnished apartments on 30-36 meter streets until Ramadan to convert them to residential use

Riyadh city

Reading time: < 1 MinuteThe Riyadh Municipality demanded the evacuation of furnished apartments on the streets (30-36 meters), in Riyadh city, and oblige their owners to convert them into residential apartments only, before 22/9/1439 AH, in compliance with the recommendation of the Municipality and the Supreme Committee for the Development of Riyadh City. Read more

It does not include furnished apartments. Riyadh Municipality emphasizes adherence to residential use on streets (30-36)

Reading time: < 1 MinuteRiyadh Municipality confirmed that as an extension of the third meeting of the Supreme Commission for the Development of Riyadh City for the year 1434 AH, chaired by His Royal Highness the Emir of Riyadh, regarding the study of the developed building on streets (30 - 36) meters in Riyadh city, where both the Riyadh Municipality and the Projects and Planning Center of the Supreme Commission for the Development of Riyadh recommended the following: Commitment to use ... Read more

Ministry of Housing announces the completion of 3037 housing units (apartments and villas) in 5 projects

Reading time: < 1 MinuteThe Ministry of Housing has completed the booking of the entire Tahlia Gate project in Jeddah, where the number of units booked amounted to 1952 apartments with 100%, while the reservations in the “Al-Qunfudhah” projects amounted to 511 units of the type of villas, Makhwah housing 106 units of the type of villas, Samta housing 230 units of villas, and Sabya housing 90% with 238 ready villas, and the total ... Read more

Saudi Arabian General Investment Authority (SAGIA): Numerous efforts to promote investment projects in the field of entrepreneurship and support innovators

Reading time: 2 MinutesThe Saudi Arabian General Investment Authority (SAGIA) recently signed an agreement with the Prince Mohammed Bin Salman College of Management and Entrepreneurship to support entrepreneurial projects in the Kingdom, at SAGIA's headquarters in Riyadh. In line with its strategy to promote and support the acceleration of the development of entrepreneurship and the establishment of entrepreneurial projects that serve ... Read more

Aldar Properties begins handover of Ansam and Al Hadeel projects“

Reading time: < 1 MinuteAldar Properties, Abu Dhabi's leading real estate developer, investor and manager, has announced that Ansam and Al Hadeel continue to deliver residential units and are ready to start delivering plots at Nareel Island and Al Maryaf in the first quarter of 2018, while construction work on its under-development projects is progressing well. Ansam is the first residential project on Yas Island. Read more

Amlak Real Estate Channel begins the countdown to complete its broadcast arrangements from Riyadh

Reading time: < 1 MinuteAmlak Real Estate Channel is nearing completion of its preparations for the start of its satellite broadcast, as the Board of Directors recently approved the logo for the channel, which is taken from the logo of «Amlak« newspaper, and work is currently in full swing to equip the main studios and prepare the work team of professional cadres in the real estate media field. In this context, consultations have been completed with specialists in ... Read more

Ministry of Housing: Acceptance rate of our housing products reaches 70%

Reading time: < 1 MinuteSaif Al-Suwailem, spokesperson for the Ministry of Housing, confirmed that the ministry is keen to provide various housing and financing options for beneficiaries. In each monthly payment within the «Residential» program, products are allocated to thousands of beneficiary citizens, and these products witness a high acceptance rate of up to 70 percent, as the beneficiary has the right to reject the product due to its quality, location or ... Read more

Amlak Real Estate Newspaper Articles Abdulaziz Al-Issa writes: An investor's vortex.

Abdulaziz Alissa - Kingdom Budget 2023

Reading time: 2 MinutesDespite the appreciable efforts made by some official bodies in facilitating investment procedures and overcoming the obstacles that stand in the way by revising laws and introducing regulations that reduce both time and effort, private sector investors still suffer from the bureaucracy of performance in some relevant departments in the relevant government departments, due to the large number of documents and documents required ... Read more

SAMA raises the financing ratio from 85% to 90% of the value of the home

Reading time: < 1 MinuteThe Saudi Arabian Monetary Authority (SAMA) raised the maximum percentage of mortgage financing in Article (Twelfth) of the Executive Regulations of the Real Estate Finance System from (85%) to (90%) of the value of the first dwelling for citizens. The institution explained that increasing the maximum percentage of the value of the first home for citizens will contribute to supporting the growth of the real estate finance sector and achieving integration with the national goals ... Read more

Minister of Housing: Coordination with «Finance» and «Labor» to implement the housing subsidy installment payment mechanism

Accreditation of the Saudi Housing Guarantee Company

Reading time: < 1 MinuteMinister of Housing Majid bin Abdullah Al Haqeel extended his thanks and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense - may Allah protect them - for the Cabinet's approval at its session yesterday of the decision of the mechanism of payment of housing subsidy installments for ... Read more