Month: November 2018

Al Ahli Bank wins four banking and e-banking awards for individuals and businesses

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Reading time: < 1 MinuteIn line with its strategic vision to be the first in e-banking, Al Ahli Bank has achieved a new precedent that confirms its leadership and reflects its ability to efficiently transform into a full-service e-bank at all levels, after it was recently announced as the winner of the “Best Bank in e-services for individuals and companies in the Kingdom”, ”Best Mobile Banking Application in the Kingdom”, “Best Integrated Website", and "Best ... Read more

The number of real estate transactions in the city of Dammam decreased to 54 during November

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Value of real estate transactions

Reading time: < 1 MinuteReal estate deals in the city of Dammam in the residential and commercial sectors fell to 54 deals during the month of November, compared to the same month of last year 2017, in which the number of deals reached 95 deals. Residential sector deals The total number of deals in the residential sector during the second quarter recorded a decrease of 14.525% with a decrease of 6,579 residential real estate deals. The total number of ... Read more

Real Estate Fund: 40,000 citizens financed during the current year Committed to financing 80 thousand families

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Real Estate Fund Payments

Reading time: < 1 MinuteKhaled Al-Amoudi, General Supervisor of the Real Estate Development Fund, revealed that 40,000 citizens have received real estate financing since the beginning of this year, including 15% for self-building. Al-Amoudi emphasized during a press meeting yesterday that the fund is committed to financing 80,000 families during the next phase. He added that the waiting list in the fund amounted to half a million citizens, in addition to ... Read more

The Real Estate Fund begins implementing a strategic plan to develop its resources

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Reading time: < 1 MinuteThe Real Estate Development Fund has started implementing a strategic plan for its investments by establishing a specialized department under the name “Investment Management”, and the General Supervisor of the Fund confirmed that the quality of these investments will be in real estate, buying lending portfolios and establishing real estate funds to achieve sustainable financial returns. Al-Osaimi pointed out that the transformation of the Real Estate Fund into a financial institution contributes to increasing the financing of loans ... Read more

Financing 3,000 military personnel through “Housing Loans for Servicemen” within two months

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Reading time: < 1 MinuteThe number of beneficiaries of the “Housing Loans for Servicemen” initiative reached about 3000 military personnel who were financed within just two months. The official spokesperson for the Real Estate Development Fund, Hamoud Al-Osaimi, explained that the target segment of the initiative are servicemen registered in the waiting lists of the Real Estate Development Fund and the Ministry of Housing (Sakani program), and the initiative includes the following military sectors: “The Ministry of Defense and the Ministry of ... Read more

Including Arar Housing and Rafha Housing 10,223 housing and financing options for the Northern Borders region

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Residential projects

Reading time: 2 MinutesThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - inaugurated during his visit to the Northern Border Region a number of vital projects, including 4 housing projects implemented with a total value of more than 690 million riyals. The “Housing Arar” project includes 254 ready-to-deliver villas within an integrated housing project, while the “Housing ... Read more

Real Estate Articles... U.S. real estate law allows foreigners to own freehold property (for life)

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Reading time: < 1 MinuteThe law of ownership in American real estate is very flexible, as it allows foreigners to own real estate in a freehold system (for life), and real estate taxes vary from state to state and from city to city and according to the quality of the property in addition to the services available around the property. The United States of America has been able to attract a large number of investors in the real estate sector, especially ... Read more

King Salman bin Abdulaziz inaugurates projects worth 85 billion riyals in Waad Al Shamal Industrial City

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Apartments

Reading time: 2 MinutesThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, in the presence of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, will inaugurate the first phase of the Waad Al Shamal Industrial City, worth 55 billion riyals, and will lay the foundation stone for the projects and facilities of the second phase ... Read more

Saudi megaprojects are a major artery for the development of small businesses

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Reading time: 2 MinutesDevelopment and urbanization projects help to engage in investments of exceptional economic size and value at the level of investment and the effects they will have on local economies, and in light of this, small and medium-sized real estate projects accompany large projects led by the private sector, forming a direct relationship between large projects and those of lower size and value. The absence of private sector projects ... Read more

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