Month: April 2018

The Ministry of Housing pumps 21,840 housing products to beneficiaries within the Residential 2 program

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Reading time: < 1 MinuteThe Ministry of Housing continued to pump its housing products through the Residential Program 2018, where it announced the fourth installment for the current month of April, which included 21,840 housing products for beneficiaries, and the products announced today included 7,686 housing units under construction, 5854 free residential lands, and 8,300 real estate loans. In the same topic, the fourth installment for beneficiaries of the Ministry of Housing's products begins today ... Read more

Riyadh amends controls for merging and subdividing residential land in commercial streets

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Riyadh city

Reading time: < 1 MinuteThe Supreme Commission for the Development of Riyadh approved in its recent meeting the amendment of the controls of merging and dividing lands located on commercial streets. The Commission indicated in a statement that the amendment includes the controls of merging commercial lands with residential plots in approved organizational plans, and the controls of re-dividing commercial plots in approved organizational plans into commercial and residential plots. The controls will be applied through ... Read more

Saudi Monetary Authority issues new regulations for banks and the habit of rescheduling customers' debts if circumstances change

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Reading time: < 1 MinuteThe Saudi Arabian Monetary Authority (SAMA) obligated banks and banks not to deduct any amounts from the customer's accounts without a judgment or judicial decision or without obtaining the prior consent of the customer or the inclusion of the financing contract on that, or to seize the accounts or balances of customers, even temporarily, and not enable them to benefit from the amounts available in the accounts without ... Read more

“Dubai Land will host the Viapse Global Conference on April 27 Dubai's smart applications will be showcased at the Government Achievements Exhibition 2018

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Reading time: 2 MinutesDubai Land Department (DLD) has won the bid to host the six-day Viapse Global Conference, which will be held from April 27 to May 2, in continuation of its approach to communicate with various groups through its appearance at the most prominent local and international forums. On its participation in the Dubai International Exhibition for Government Achievements 2018, which was held ... Read more

ADNOC Abu Dhabi announces competitive bidding for six oil and gas exploration, development and production licenses

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Reading time: 2 MinutesThe Abu Dhabi National Oil Company (ADNOC), on behalf of the Supreme Petroleum Council (SPC), has announced the details of the first round of competitive bidding for six oil and gas exploration, development and production areas, as part of Abu Dhabi's strategy to issue licenses for new areas, following the announcement of H.E. Dr. Sultan Ahmed Al Jaber, Minister of State - CEO of ADNOC and its group of companies, last month ... Read more

The House of a Lifetime Step by step... Prepared by: Majid Almuhaimeed

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Reading time: 2 MinutesCare must be taken to follow up the implementation of the tile work for the floors first and foremost, and in case there are observations or errors in the implementation, they are addressed on time and it is not recommended to postpone this permanently, and upon completion of the implementation of all tiles for the floors, the installation of skirting tiles, which are usually provided ready with the same design and color of the tiles, or they can be cut from the tiles themselves on ... Read more

As the countdown begins to the decision to ban furnished apartments on streets (30-36m)... Owners: The decision has pros and cons and there is no disagreement about the public interest

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Reading time: 2 MinutesThe countdown to the implementation of the Riyadh Municipality's decision to ban the use of real estate as furnished apartments in streets (30-36) has begun, as the Municipality gave the owners of furnished apartments a deadline until next Ramadan to vacate them and convert them into residential apartments, in light of the arrangements made by the Riyadh Municipality, recently, to organize the real estate and housing sector, in line with the aspirations and vision of ... Read more

Dr. Hussam Youssef writes: One olive is enough

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Management - Intelligence - Management Science - Real Estate

Reading time: < 1 MinuteThe top priorities of all organizations in the world, whether producing a good or providing a service, are two very important things: reducing and rationalizing expenses, as well as maximizing profits and doubling their growth rates. Of course, there are other concerns such as building a good reputation and an influential brand with consumers and others, but organizations rely heavily on achieving profitability and reducing cost ... Read more

Real Estate Contributions Committee ends the failure of the Al-Khadhra scheme in Makkah and sells 20 residential and commercial plots

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Reading time: < 1 MinuteThe Real Estate Contributions Committee (Tasfeeha) has ended the stumbling of the Al-Khadhra scheme in Makkah, where it succeeded in selling 20 commercial and residential plots in the public auction held yesterday afternoon, Wednesday, in the presence of members of the Real Estate Contributions Committee, and all the offered plots were sold amid great competition. The auction was attended by the members of the Real Estate Contributions Committee, ... Read more

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