Month: October 2018

Wafi issues internal marketing licenses and receipt of payments for four projects with 8610 residential units

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Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Reading time: < 1 MinuteThe off-plan sales committee “Wafi” has issued internal marketing licenses with the receipt of payments for four projects that include 8610 housing units. The committee confirmed on its Twitter account that it issued an internal marketing license with the receipt of amounts for the “Al-Jawhara Residential Scheme” project in Hofuf, which includes 2132 housing units (900 residential villas and 1232 apartments), and the “Pulse of Qiran” project Riyadh, which includes 4284 ... Read more

«Citizen Account deposits 2.4 billion riyals into the accounts of 12.3 million citizens in October

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Citizen account

Reading time: < 1 MinuteThe Citizen Account for the current month of October deposited 2.4 billion riyals in the accounts of subsidy recipients, benefiting 12.3 million citizens, an increase in the value of deposits by 100 million riyals and an increase in the number of beneficiaries by about 300 thousand citizens, after three consecutive payments (July, August and September). The deposits in the previous three months were in the range of 2.3 billion riyals for 12 million ... Read more

Eastern Chamber discusses 8 axes in the mechanisms of the new government tenders and procurement system Next Thursday

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Contracting - Investment - Real Estate Finance

Reading time: < 1 MinuteThe Contracts Committee at the Eastern Chamber plans to discuss eight themes within the mechanisms of the new government tenders and procurement system; through its organization of a workshop entitled: “The most important features and features of the tender system”, presented by Dr. Salem bin Saleh Al-Mutawa, legal advisor and head of the development team of the government tenders and procurement system at the Ministry of Finance, at the Chamber's headquarters in Dammam, on Thursday, October 18, 2018 at ... Read more

«Amlak conducts online survey 45 % of respondents say some real estate auctions fail due to poor marketing

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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

«Amlak Newspaper surveys opinions: Citizens and real estate professionals praise the new building regulations and their positive impact on the real estate market

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Reading time: 3 MinutesThe real estate sector in general and citizens in particular have received with great satisfaction the amendment of the building regulations for residential buildings so that the citizen benefits from the space he owns; so that the percentage of construction on the ground floor is 70 % (maximum), by allowing construction in extensions and annexes. Amlak Real Estate Newspaper welcomed the decision and questioned some specialists, real estate professionals and citizens about the positive impact of the decision; to clarify the views ... Read more

Ministry of Housing: More than 9 real estate brokers registered in the Ejar network

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Apartments for rent - apartment rental platform - residential rental - real estate lease

Reading time: < 1 MinuteThe number of real estate brokers registered with the Ejar electronic network has reached more than 9,000 certified real estate brokers in all regions of the Kingdom, and the “Ejar” program of the Ministry of Housing confirmed the increasing demand of real estate brokers in registering and obtaining accreditation since its launch during the current year. The Ministry of Housing's "Ejar" program confirmed that the number of real estate brokers has increased since its launch this year. Read more

Tasfeeqa plans to hold new auctions before the end of the year

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Real estate contributions

Reading time: < 1 MinuteThe Real Estate Contributions Committee (Tasfeha) plans to hold new auctions to sell some of the troubled real estate contributions during the last quarter of this year. Saad Al Masoud, director of the communication and media unit at Tasfeeha, revealed that the number of security wanted by the committee has reached 10. Al Masoud said that the committee is coordinating with the Ministry of Interior from ... Read more

“Royal Commission for Jubail allocates SAR 1.361 billion to build urban facilities and develop infrastructure in its cities

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Reading time: < 1 MinuteThe Royal Commission for Jubail and Yanbu (RCJY) is planning to implement construction and operational projects aimed at developing infrastructure and basic equipment in its four cities of Jubail, Yanbu, Ras al-Khair Industrial City and Jazan for basic and manufacturing industries, worth more than SAR 1.361 billion. The projects include the construction of main roads and bridges to serve industries, power lines, facilities for operation and maintenance departments, schools and kindergartens, and ... Read more

Sheikh Zayed Housing Program launches 248 housing units in Dubai's first Al Awir area

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Reading time: < 1 MinuteThe Sheikh Zayed Housing Program has issued a tender for the design and supervision of the residential neighborhood project in Al Awir Al Awwal in Dubai, which includes 248 housing units, 24 of which have two bedrooms, 50 housing units consisting of 3 bedrooms, 162 units consisting of 4 bedrooms, and 12 housing units consisting of 5 bedrooms. For his part, he explained ... Read more

“Off-plan Selling” invites real estate professionals to express their views on the draft unified guiding contract within 21 days

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Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Reading time: < 1 MinuteThe Off-plan Sales and Leasing Committee has invited all interested parties (real estate developers, buyers in current or potential off-plan sales projects, those interested in the real estate sector and its regulations) to express their views on the clauses and paragraphs of the draft unified indicative contract within 21 days from the date of publication. The draft aims to organize the contractual relationship between buyers of unfinished real estate units and developers ... Read more

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