Month: November 2018

The Ministry of Housing continues to introduce its housing products and initiatives with the presence of developers and financiers

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Reading time: 2 MinutesThe Ministry of Housing continues to present its products and initiatives at the “Residential Expo” exhibition at the Riyadh International Convention and Exhibition Center. The exhibition aims to facilitate mortgage loans and facilitate the journey of ownership of the “first home” for beneficiaries by gathering various relevant parties from developers of the best real estate companies, real estate, contractors, government agencies and financing institutions, and providing all housing and financing solutions under one roof and was ... Read more

«IMKAN Construction of the Nadra project in Abu Dhabi is progressing well

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Reading time: 2 MinutesDeveloper confirms commitment to deliver luxury villas by July 2019 IMKAN has announced that it is on track to deliver the villas by July 2019 a real estate company with a global vision to develop places that enrich people's lives, has announced significant progress in the construction of Nadra, a 37-villa luxury development in the cultural district of Saadiyat Island, Abu Dhabi. Following IMKAN's ground-breaking ... Read more

Real Estate Fund allocates special loans for active duty military personnel to build their homes

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Reading time: 2 MinutesIn implementation of the royal orders, the Real Estate Development Fund allocated 21 billion riyals to military personnel in the service to enable them to own or build a house for them and achieve stability for their families by providing a good loan with a maximum of 140,000 riyals in addition to financing them through the mortgage loan program through the participating financing entities; in appreciation of the Custodian of the Two Holy Mosques King Salman bin ... Read more

35,300 housing and financing options pumped by the Ministry of Housing into the Saudi real estate market and affect real estate prices

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Reading time: 2 MinutesThe Ministry of Housing announced the details of the eleventh installment of the “Residential” program for 2018, where the total number of beneficiaries of citizens during this installment reached 35,300 citizens and citizens, bringing the total allocated so far to more than 285 thousand housing and financing options, achieving 95% of this year's target, out of the total target of the installment, which is 300 ... Read more

Housing signs five agreements with four companies to build more than 19,000 housing units

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Reading time: 2 MinutesHousing signs five agreements with 4 companies to construct more than 19 thousand housing units and activates the real estate market, villas and apartments to construct more than 19 thousand housing units in each of (Riyadh, Jeddah, Barida, Khobar) The Ministry of Housing, represented by the “Residential” program, signed five agreements with 4 real estate development companies in conjunction with the announcement of the eleventh installment ... Read more

Supported by reforms and revenues Saudi Arabia's economy continues to grow in 2019

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Reading time: 2 MinutesThe International Monetary Fund (IMF) has announced that it expects Saudi Arabia's economy to continue to grow next year, thanks to improving non-oil sectors and rising oil prices. The IMF said in a report issued yesterday that the economies of the Arab Gulf countries in general will return to growth in 2018 and 2019 after contracting in some of their countries. The Fund said that the rise in oil prices after ... Read more

King Abdullah City: New batch of logistics and industrial plots offered with easy payments 

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Reading time: 2 MinutesThe real estate sector is booming with more investments King Abdullah Economic City announced the launch of a new batch of lands in the industrial valley with areas starting from 20,000 square meters with easy payments up to ten years without any additional interest. King Abdullah Economic City's Acting CEO Ahmed bin Ibrahim Langawi explained that the city offers a living example ... Read more

Coming Soon... Itqan Real Estate launches Al Mostakbal plan in South Riyadh for sale Commercial, residential and warehousing opportunities

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real estate

Reading time: < 1 MinuteOn an area of nearly one million square meters, Itqan Real Estate Company is preparing to launch Al-Mustaqbal Plan in the Dar Al-Bayda neighborhood in southern Riyadh, which is located at the intersection of Al-Haer and Arafat roads, and the plan contains residential, commercial and warehouse properties and blocks, with a number of transverse and longitudinal asphalted streets and beacons, and electricity and infrastructure services are available. The «Future Plan» is considered one of the most promising and integrated plans ... Read more

The editor-in-chief writes: Rent and confusing housing

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Abdulaziz Al-Issa: Real Estate Finance

Reading time: 2 MinutesThe judicial departments and enforcement courts are overwhelmed with cases of low-income citizens who are unable to fulfill their financial obligations to real estate brokerage offices. Such societal issues need strong and direct initiatives so that the elderly, women, widows and all special groups are spared the humiliation of courting and begging office owners and landlords to relieve them, or ... Read more

Cabinet Decides to Amend the Law on Monitoring of Finance Companies

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Cabinet of Ministers

Reading time: < 1 MinuteIn its meeting held under the chairmanship of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud in Riyadh last week, the Council of Ministers decided to cancel Article 5 of the Finance Companies Control Law: After considering Shura Council Resolution No. (195/49) dated 12/30/1439 AH, and after reviewing the recommendation prepared by the Council of Economic Affairs ... Read more

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