Month: August 2018

Ministry of Housing confirms that landowners can benefit from the “self-build” loan program”

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Reading time: < 1 MinuteThe Ministry of Housing has clarified that those who own land and wish to build it can apply for a “self-build” loan through the online portal of the “Residential” program. Ministry spokesman Saif Al-Suwailem indicated that all applications will be handled and processed by ensuring the financial ability and readiness of the beneficiary and meeting the conditions and responding to him within an appropriate period of time. He pointed out that ... Read more

10.5 billion riyals worth of real estate transactions in Dhu al-Qa'dah 1439 A.H. An influential decrease in the residential and commercial sectors

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Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: < 1 MinuteThe value of real estate transactions that took place during the month of Dhul Qa'da 1439 AH amounted to about 10.5 billion riyals, a decrease of 51% compared to the same period last year, which amounted to about 21.5 billion riyals, and compared to the month of Shawwal 1439 AH, real estate transactions recorded an increase of 35%, equivalent to about 2.68 billion riyals, according to the Ministry of Justice. The value of transactions ... Read more

Ministry of Housing cuts 60% of 2018 housing entitlements and announces 28,410 housing and finance products in the August batch

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Housing Scheme - Real Estate Loan - E-Services

Reading time: < 1 MinuteThe Ministry of Housing cut 60% of the program's target for this year of 300,000 housing and financing options, by pumping the eighth installment of the current year 2018, which included 28,410 products that varied between mortgage loans, lands and housing units. Details of the August 2018 products, the ministry revealed in a press release, the details of the housing options and their geographical distribution, as the payment included 8300 ... Read more

Ministry of Housing launches “self-build” and announces 28.4 thousand housing and financing options

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Reading time: 3 MinutesThe Ministry of Housing announced today the details of the eighth installment of the “Residential” program by allocating 28,410 financing and housing options, and the announcement also witnessed the launch of the “self-build” option for beneficiaries who are on the Ministry's waiting lists, thus completing all housing options for citizens registered in the waiting lists after the option to buy ready-made housing units was announced mid-last month ... Read more

Yanbu Commercial Port's cargo handling rises to 1,193TP3T in a month

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Reading time: < 1 MinuteYanbu Commercial Port achieved a new record by handling 413,824,000 tons of various types of general cargo during July 2018 compared to 141,066,000 tons for the same period in July 2017, an unprecedented increase of 193%. This achievement comes within the framework of unprecedented handling rates as a result of the port management's qualitative efforts to enhance the capacity ... Read more

Real Estate Refinance Company signs SAR 6 billion worth of agreements to support the housing sector

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Residential platform

Reading time: 2 MinutesThe Saudi Real Estate Refinance Company signed its seventh agreement with banks and financial institutions, through the partnership with the Saudi British Bank “SABB”, which was signed in the presence of His Excellency the Minister of Housing and Chairman of the Board of Directors of the Saudi Real Estate Refinance Company, Mr. Majid bin Abdullah Al-Hogail, bringing the total amount pumped into the real estate market through these partnerships to 6 billion ... Read more

Tourism festivals revitalize the sector 49 tourist accommodation facilities licensed in Riyadh

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Riyadh - Riyadh Hotels

Reading time: < 1 MinuteThe General Authority for Tourism and National Heritage in Riyadh revealed that 49 tourist accommodation facilities were licensed in the region during the last three months of this year 2018. Engineer Abdulaziz Al Hassan, Director of the General Authority for Tourism and National Heritage in Riyadh, explained that the facilities that were licensed were distributed to four hotels, two hotel apartments, one hotel villa and 39 residential units ... Read more

Jeddah Chamber monitors the growing growth of e-commerce in Saudi Arabia

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Jeddah Chamber

Reading time: < 1 MinuteJeddah Chamber of Commerce and Industry (JCCI) has highlighted the role of entertainment in diversifying the Saudi economy and the career opportunities it contains for Saudi youth, by enhancing Jeddah's position in the festivals and events industry, foreseeing the projects of pioneers and entrepreneurs and overcoming the difficulties they face in their various business endeavors. The magazine monitored the Kingdom's increasing growth of e-commerce and its impact. Read more

52 percent increase in the number of business complaints in the first half of 2018

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Reading time: 2 MinutesThe Commercial Complaints Section of the Commercial Control and Consumer Protection Sector in the Department of Economic Development (DED) in Dubai received 790 complaints of commercial establishments during the first half of 2018, an increase of 52% compared to 520 complaints in the first half of 2017. The Department of Economic Development emphasized its keenness to follow best practices in resolving and resolving commercial complaints and maintaining ... Read more

AED 415 million in real estate transactions in Dubai in a day

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Reading time: < 1 Minute Real estate transactions in the Dubai Land Department (DLD) today achieved more than AED 415 million. The department witnessed 115 sales worth AED 142 million, including 29 land sales worth AED 30 million and 86 sales of apartments and villas worth AED 112 million. The most important land sales were worth AED 11 million in the Palm Jumeirah area ... Read more

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