Month: October 2018

Under the patronage of the Minister of Commerce and Investment, the “Gulf Economic Forum” will kick off in Riyadh on October 21

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Reading time: < 1 MinuteThe General Secretariat of the Federation of GCC Chambers and the Council of Saudi Chambers are organizing the second edition of the “Gulf Economic Forum,” which will take place in the Saudi capital, Riyadh, on Sunday and Monday, 12–13 Safar 1440 AH, corresponding to October 21–22, 2018. The event is held under the patronage of Dr. Majid bin Abdullah Al-Qasabi, Minister of Commerce and Investment, with broad participation from government officials, business owners, and business leaders … Read more

The sale and purchase of properties in Jeddah's historic district is suspended and a committee is formed to study their status

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Reading time: < 1 MinuteThe Ministry of Culture has received approval to establish a department called the “Historic Jeddah Project” under its jurisdiction, and has requested that the relevant authorities suspend real estate sales and purchases in the area until the project studies are completed. A decision had been issued by higher authorities to suspend the sale and purchase of real estate located in the Historic Jeddah area. Sources indicated that the directives called for the formation of a committee from the Emirate… Read more

Investment Fund buys Al Ghadeer land at the auction of Sheikh Saleh Al Rajhi's estate worth 2.17 billion riyals

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Reading time: < 1 MinuteThe Liquidation Council for the Estate of Sheikh Saleh bin Abdulaziz Al Rajhi, in collaboration with Itqan Real Estate Company—the exclusive marketing agent for the estate—successfully sold the Al-Ghadir land at the tenth auction held yesterday afternoon, Saturday, on behalf of the Public Investment Fund for a total value of 2.171,950,000 riyals (two billion, one hundred seventy-one million, nine hundred fifty thousand riyals), or 5,000 riyals per square meter, with a total area of 434,390 … Read more

Mr. Abdulaziz Al-Issa writes: How to overcome the market crisis?

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Abdulaziz Al-Issa: Real Estate Finance

Reading time: 2 MinutesGiven the improving business environment and the challenges it faces as a result of the rapid implementation of regulatory measures aligned with the goals of Vision 2030, and the resulting numerous facilitations and encouraging developments that have begun to emerge in government agencies to serve the public—supported by technological solutions, speed of execution, and courteous reception at most official agencies. We find that there are many regulations and procedures that … Read more

«Amlak electronically surveys why some real estate auctions fail

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real estate

Reading time: < 1 Minute55% of real estate professionals and those interested in real estate affairs attributed the continued failure of the real estate auctions supervised by the Executive Court and the failure of some of them to reach the valuation prices of real estate or facilities to poor valuation, this came through a survey of Amlak Real Estate newspaper on its official website in «Twitter», while 45% of the respondents stated that the poor marketing and promotion of auctions is the reason for the failure to complete ... Read more

Cabinet approves extension of National Exhibitions and Conferences Program, praises financial strategy

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Reading time: 2 MinutesThe session of the Council of Ministers, held last Tuesday afternoon in Riyadh, was chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him. His Excellency the Minister of Media, Dr. Awad bin Saleh Al-Awad, stated in his remarks to the Saudi Press Agency following the session that the Cabinet commended the general fiscal strategy and its contribution to reducing deficit rates, and supported … Read more

More than AED 38.7 billion worth of projects by five developers Cityscape Global concludes its events... 300 participants reinforce the strength of real estate economies

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Reading time: 3 MinutesCityscape Global concludes this evening, having opened its doors to investors, visitors, and those interested in the real estate sector. Over the course of three days, exhibitors took advantage of the Middle East’s largest real estate and investment exhibition to launch projects worth billions of dirhams at the event, which runs through October 4 at the Dubai World Trade Centre. The estimated value of five projects… Read more

The project offers 12 different architectural designs for beneficiaries Construction of 2129 residential villas in the “Orient Gate” project in Riyadh

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Reading time: < 1 MinuteThe “Bawabat Al Sharq” project, developed by Hamad and Ahmed Mohammed Al-Muzaini Real Estate Company, has completed the procedures for the off-plan sale of residential units, which include 2,129 residential villas under the Ministry of Housing’s “Sakani” program, and the company announced the start of construction on the first phase of the project. The company stated that the first batch of residential units in the project will be delivered two years from now, and the implementation of the phase will extend … Read more

 On the sidelines of Cityscape Global Dubai Land Department signs agreements to reduce investor visit from 15 days to one day

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Reading time: < 1 MinuteOn the sidelines of Cityscape Global 2018, the Dubai Land Department signed two memorandums of understanding with “OnTime Real Estate Registry” and “Knight Frank Middle East” as part of its efforts to streamline its services and make them available to customers anytime, anywhere. His Excellency Sultan Butti bin Mejren, Director General of the Dubai Land Department, signed the two MoUs, while … Read more

During Cityscape Global 2018. Sheikh Hamdan bin Mohammed Al Maktoum visits DLD's stand

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Reading time: 2 Minutes Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of the Emirate of Dubai, visited the Dubai Land Department’s booth on the first day of the “Cityscape Global 2018” organized by Informa, through a strategic partnership with the Department, which is participating under the slogan “Dubai Land… Artificial Intelligence Shaping the Future of Your Property.” His Highness was accompanied by … Read more

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