Month: October 2018

Emaar Properties Launches Sales for “Collective 2.0” at “Dubai Hills Estate”

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Reading time: < 1 MinuteEmaar Properties announced the launch of sales for “Collective 2.0,” following the sale of all units announced as part of the first phase of the “Collective” complex in “Dubai Hills Estate.” “Collective 2.0” offers customers the opportunity to transition from a rental-based lifestyle to homeownership, with prices for residential units starting at 664,888 dirhams for a one-bedroom apartment… Read more

Housing Ministry signs agreements with 3 Chinese companies to build thousands of housing units worth USD 2.7 bn

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Reading time: < 1 MinuteThe Minister of Housing signed agreements with three Chinese companies specializing in real estate development to construct residential units in various regions of the Kingdom, with a total value of $2.7 billion. Under these agreements, the housing projects will be carried out on Ministry-owned land covering an area of approximately 10 million square meters, with a timeline not exceeding six years. This partnership will create job opportunities … Read more

Ministry of Housing expands its projects in 2017-2018 More than 130 thousand housing units pumped by «Housing» projects in the Makkah region

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Reading time: 2 MinutesHis Royal Highness Prince Abdullah bin Bandar, Acting Governor of the Makkah Region, held a meeting at the Emirate’s headquarters in Jeddah attended by Housing Minister Majid Al-Hogail, during which the Ministry’s future plans for the region were reviewed, and mechanisms were explained to expedite the work of municipal authorities regarding the approval of housing plans within the urban boundaries of cities and provinces—a step that precedes the handover of sites for housing development in preparation for … Read more

Sponsored by Amlak Newspaper The First International Housing and Cooperative Housing Forum concludes its work and issues its final recommendations

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Reading time: 2 MinutesThe International Housing and Cooperative Housing Forum recently concluded its activities. The event was held under the patronage of Prince Faisal bin Bandar bin Abdulaziz Al Saud, Governor of the Riyadh Region and Honorary President of the Riyadh Cooperative Housing Association, and was opened by Prince Muhammad bin Abdulrahman bin Abdulaziz, Deputy Governor of the Riyadh Region. The event was covered by the real estate newspaper Amlak and lasted for three days, from October 15–17 … Read more

Saudi Arabian General Investment Authority to exhibit with 7,000 global organizations at SIAL 2018 in Paris

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Reading time: < 1 MinuteWith the participation of approximately 7,000 international entities and an expected attendance of more than 160,000 visitors this year, the General Investment Authority participated with its “Invest in Saudi Arabia” at SIAL 2018 in Paris, France—one of the largest trade shows specializing in the food industry. The pavilion showcased the most prominent investment opportunities in the Kingdom’s food industry sector, which includes … Read more

Engineer Mudhir Daghsh Al-Qahtani launches his book “How to Build Your Home Step by Step” at Saudi Build 2018

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Reading time: < 1 MinuteWith a large turnout of interested parties and citizens, Engineer Mazkar Daghsh Al-Qahtani launched his book “How to Build Your Home Step by Step” at the Saudi Construction Expo 2018, currently being held at the Riyadh Exhibition and Convention Center. The event was opened by the Assistant Minister for Municipal and Rural Affairs for Planning and Development and Head of the Center for Achieving Goals, Dr. Ghanim bin Al-Humaidi Al-Mohammadi. On this occasion, Engineer Mazkar Al-Qahtani delivered a comprehensive speech explaining … Read more

U.S. Department of Commerce Reports New Home Sales Fell to 553,000 Units Last Month 

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Reading time: < 1 MinuteThe U.S. Department of Commerce reported that new home sales fell by 5.5% on a seasonally adjusted year-over-year basis to 553,000 units last month, the lowest level since December 2016. The sales pace for August was revised to 585,000 units from the 629,000 units reported in the previous reading, and sales figures for June and July were also revised downward… Read more

Reports: Current Investments in Jeddah’s Infrastructure and Non-Oil Sectors Expected to Grow

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real estate-jeddah-170x113-min (1)

Reading time: 2 MinutesA recent report issued by JLL on the real estate market in Jeddah for the third quarter of 2018 growth in ongoing investments in the infrastructure and non-oil sectors. The report noted that this growth will, in the long term, offset the current market stagnation and restore balance following a slowdown in performance. The report stated that this quarter … Read more

For the third consecutive day Saudi Building Show continues to attract investors and interested parties... and all the needs of the construction market under one roof

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Reading time: 2 MinutesThe «Saudi Construction Expo 2018» continued to attract investors and visitors for the third consecutive day, with local and international exhibition halls seeing a large turnout of professionals interested in related sectors. The efforts of Riyadh Exhibitions Company, the organizer, succeeded in bringing together more than 500 specialized companies, transforming the exhibition into the largest trade event where all the needs of the construction market are available under one roof, … Read more

The End of the Paper Age Has Been Announced… The Ministry of Justice Will Begin Electronically Notarizing Powers of Attorney on the 10th of Rabi’ al-Awwal

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Residential Real Estate - Request Inquiry - Ministry of Justice

Reading time: < 1 MinuteIn accordance with the directives of the Ministry of Justice,  the 10th of Rabi’ al-Awwal will mark a new beginning for the digital transformation of notarial services, according to an announcement made yesterday by Dr. Walid Al-Samaani, Minister of Justice and President of the Supreme Judicial Council, after he instructed notary offices to eliminate the use of paper in all notarial processes. The Minister of Justice directed the launch of two services: electronic power of attorney and the electronic notarization of powers of attorney, with the former addressing the needs of the majority … Read more

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