Month: April 2018

200 white land lawsuits won by the Housing Ministry

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Reading time: < 1 MinuteThe Ministry of Housing managed that 200 lawsuits were filed against the white land fee program, from landowners who objected to the ministry's procedures. Sources said that 573 owners in Dammam are expected to pay the land fees they own on 112.9 million square meters of white raw land, as their owners must develop it and have been given until 20 Shaaban. ... Read more

Cabinet approves Ministry of Housing's “Easy Mortgage” program

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Reading time: < 1 MinuteThe Cabinet, in its session held on Tuesday, approved the extension of the soft mortgage program for a period of two years starting from the end of the period stipulated in the Cabinet decision dated 30 Muharram 1438H. This came after reviewing what was submitted by the Minister of Housing, and after reviewing the recommendation prepared by the Council of Economic Affairs and Development on Jumada II 19, ... Read more

Housing Ministry's efforts to introduce fixed-rate mortgages

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Reading time: < 1 MinuteThe Ministry of Housing is making continuous efforts and intensive attempts to inject liquidity to financing entities, as the ministry aspires during the second half of 2018 to have real estate financing products with a fixed installment or fixed interest. This was revealed by the Minister of Housing, Mr. Majid Al-Hogail, during the opening of the activities of the first forum and exhibition of off-plan sales projects «Wafix» in Riyadh, adding that within the framework of the policy of organizing ... Read more

Cabinet issues a decision to support contracting. and approves an understanding between the Ministry of Housing and its Jordanian counterpart

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Cabinet of Ministers

Reading time: 2 MinutesThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may Allah protect him - presided over the session of the Council of Ministers, which was held on Tuesday afternoon at Al Yamamah Palace in Riyadh. HE Dr. Essam bin Saad bin Saeed said that the Council of Ministers reviewed the topics on the agenda of its session: After ... Read more

King Abdullah Economic City delivers units in the first phase of the Tala Gardens neighborhood“

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Reading time: < 1 MinuteKing Abdullah Economic City (KAEC) has confirmed that the social, sports and recreational facilities for the villas of the first batch of the first phase of the Tala Gardens neighborhood are currently being developed, and the company has delivered a number of residential villas to their owners in the residential complex, which was designed in an international style and is being implemented in five phases. The company hinted in a press release that it had earlier completed ... Read more

Saudi Aramco boosts efforts at King Salman Energy City (SPARK) 20% of engineering designs completed

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Reading time: 2 MinutesSaudi Aramco continues its accelerated efforts to develop King Salman Energy City (SPARK) and prepare it for the national transformation system and to attract multiple global investments related to industries supporting the energy sector. In December 2017, the Council of Ministers approved the establishment of King Salman Energy City (SPARK) in the Eastern Province, and approved the ... Read more

250 billion euros worth of contracts for housing, homes, land and commercial real estate in Germany

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Reading time: < 1 MinuteThe value of contracts for the purchase of housing, houses, land and commercial real estate in Germany rose in 2017 to 250 billion euros, an increase of about 9 percent compared to its value in 2016, with the number of purchase contracts remaining stable in each of the past two years, between 900 thousand to one million contracts, according to the estimates of official expert committees. The news agency quoted ... Read more

The International Real Estate Exhibition in Dubai kicks off on April 9 Egyptian participation in the event

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Reading time: 2 MinutesThe International Property Show will kick off on April 9 at the Dubai International Convention and Exhibition Center. The exhibition will feature national pavilions of other countries and regions, including Europe, within the huge real estate sales platform during the exhibition, which will include discounted offers by developers, banks, real estate agents and real estate auctions in the UAE, to provide investors with a comprehensive umbrella that meets ... Read more

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