Month: November 2018

Emir of Eastern Province discusses housing projects in the region and emphasizes unifying efforts in the field of housing

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Real Estate Unit - Housing Construction - Housing Sector

Reading time: < 1 MinutePrince Saud bin Naif bin Abdulaziz, Emir of Eastern Province, discussed housing projects in the region during his meeting with the Director General of the Ministry of Housing Branch in the region, Engineer Abdullah bin Hussein Al Muwaihi, who presented the branch's annual report to His Highness. During the meeting, the progress of work on housing projects was discussed, and His Highness praised what the housing sector in ... Read more

Real Estate Contributions Committee calls on shareholders of Al-Shalaikh and Al-Safwa land to update their data

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Real estate contributions

Reading time: 2 MinutesThe Real Estate Contributions Committee (Tasfiqah) of the Ministry of Commerce and Investment announced that the shareholders of Al-Shalaikh (Al-Leith Road) Makkah, and the contribution of Al-Safwa plan land in Northern Bahr Jeddah to update their data with the Arab Bank within a period not exceeding two months from the date of the first announcement, in preparation for the recovery of their rights in troubled real estate contributions and “Tasfiqah” indicated that the contribution of Al-Shalaikh Al-Leith Road belongs to the office of Nasser Al-Mana ... Read more

Wafi licenses 22 off-plan sales and marketing licenses for hotel projects

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Selling off-plan real estate units

Reading time: < 1 MinuteThe Committee for Sale and Leasing on the Map revealed that no license has been canceled or frozen for violating the regulations, stressing that licenses are granted only after meeting all the necessary requirements, which preserves the rights of beneficiaries wishing to buy in the project to be granted a sales and marketing license on the map. In the same context, the committee issued 22 internal and external sales and marketing licenses ... Read more

More than 25 billion riyals of investments by the Real Estate Fund Self-building is on the rise 

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Real Estate Finance - Residential Units

Reading time: 2 MinutesThe rate of self-construction has accelerated, which has become a new and modern trend in the field of construction of housing units, as the volume of numbers disbursed by the Real Estate Development Fund, since the beginning of the year, is about 40 thousand numbers that have been effectively funded, and the numbers of mortgage loans are increasing daily, as it is expected that we will reach 700 weekly numbers during the coming period, ... Read more

The Industrial Development Fund injects SAR 150 billion into the industrial sector. and adds logistics financing to its programs

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Reading time: < 1 MinuteThe Saudi Industrial Development Fund (SIDF) plans to develop and expand the scope of its financing and advisory services to include serving the various logistics sectors, in addition to industrial financing. The Director General of the Fund, Dr. Ibrahim Al-Mojel, explained in a meeting with the Eastern Chamber that this expansion will be after the issuance of the regulations governing this matter, which are still under study, which will include services outside the industrial cities. Loans worth 150 ... Read more

Riyadh Development Authority A comprehensive strategic plan for the city and solutions and proposals to increase the utilization of housing

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Reading time: 3 MinutesHis Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Chairman of the Board of Riyadh City Development Authority, chaired the first meeting of the Authority for the year 1440 AH last week, at the Authority's headquarters in the Embassies neighborhood, and approved the results of the study prepared by a joint team consisting of the Riyadh City Development Authority, the Ministry of Housing and the Riyadh Municipality. Solutions ... Read more

Amlak Articles Dubai Real Estate Market (eMart) is an online portal for buying real estate online

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Reading time: < 1 MinuteDubai Real Estate Market (eMart) is an online portal for buying real estate online, including real estate of all types and accompanying activities such as decoration, bedrooms, interior decorations, wallpaper, kitchen decorations, paints, electricity, and other services provided. Dubai Real Estate Market (eMart) is an online portal for buying real estate online. Dubai Real Estate Market is an innovative platform ... Read more

AED 3 billion worth of real estate transactions in Dubai in a week. Mortgages are recorded at 1.98 billion

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Real Estate Dee

Reading time: 2 MinutesReal estate transactions at the Dubai Land Department achieved AED 3 billion during the week, most notably mortgages worth AED 1.98 billion through 186 procedures in Dubai real estate. The Department witnessed the registration of 629 sales worth AED 1.06 billion, including 79 sales of land worth AED 405 million and 550 sales of apartments and villas worth AED 663 million. The most important sales came ... Read more

Lower preferential price 15%... King Abdullah Economic City pumps eight thousand residential units for sale on the map

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Economy of Saudi Arabia

Reading time: < 1 MinuteKing Abdullah Economic City (KAEC) plans to pump 8,000 housing units for sale on the map in the first quarter of 2019, which will be distributed to beneficiaries in the Ministry of Housing programs. The first phase of the implementation stages, according to the agreement signed between the city and the Ministry of Housing, focuses on the delivery of ready-made housing units, which may be completed before the end of 2018. It was ... Read more

“Masaken” program injects 3.7 billion riyals in financing the real estate of 5306 beneficiaries of state employees

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Reading time: < 1 MinuteWith a value of 3.7 billion riyals, the “Masaken” program of the Public Pension Agency (PPA) has succeeded in financing 5306 beneficiaries of state employees in purchasing and owning their own properties in various regions of the Kingdom. The program stems from the Public Pension Corporation's keenness to develop its financial resources and meet the needs of its customers as part of its strategic plan in line with the Kingdom's Vision 2030. The organization's move came ... Read more

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