Month: December 2018

Dr. Abdulaziz bin Saad Al-Daghether writes for Amlak on Forex and the illusion of trading

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Reading time: 3 MinutesAdvertisements have spread across social media and websites promoting the idea of trading from home with fantastical profits, through online trading in the buying and selling of foreign currencies to profit from exchange rate differences (Forex). The term “Forex” is an abbreviation of “Foreign Exchange market,” which refers to the market for trading foreign currencies. It takes several forms, the most important of which is that… Read more

At the “Amlak Councils” evening event, “Amlak Real Estate” newspaper honored Mohammed Al-Babtain with the Real Estate Excellence Award

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Reading time: < 1 MinuteThe Amlak Real Estate newspaper honored real estate expert Mohammed Abdulaziz Al-Babtain, General Manager of Al-Babtain Real Estate Investments, with the “Real Estate Excellence Award” in recognition of commercial land within Riyadh’s real estate market, during an economic forum organized by “Amlak Councils.” recently, on the occasion of the awards ceremony for the winners. The newspaper had previously conducted a survey to assess the value of Al-Ghadir land in northern Riyadh before the investment fund succeeded… Read more

In 2019. Saudi Arabia set to attract more than 150 investment projects worth $67 billion

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Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: < 1 MinuteAccording to media reports, the Kingdom is preparing to welcome 2019 by attracting more than 150 diverse investment projects worth approximately $67 billion across nine key sectors, including “telecommunications, information technology, energy, water, healthcare, minerals and mining, tourism, culture and entertainment, transportation and logistics, the chemical industry, emerging sectors, and industry and manufacturing.” Leading companies and investment projects in 2019, according to … Read more

“Wafi”: 170 real estate companies are eligible to participate in the program… and the default rate is 31%

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Reading time: 2 MinutesThe Ministry of Housing’s “Wafi” off-plan sales and leasing program revealed that the number of real estate companies eligible to participate in the program has reached approximately 170 since the qualification process began, explained Mohammed Al-Ghazwani, Undersecretary of the Ministry of Housing for Real Estate Development. Stumbling blocks for real estate companies in “Wafi” The rate of delays in off-plan sales projects by real estate developers and the private sector does not … Read more

In “property councils”... Economist Mohammed Al-Omran: 2019 is a pivotal year for the private sector to lead the national economy

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Reading time: 3 MinutesEconomist Mohammed Al-Omran urged real estate professionals, experts, and the general public to learn the art of managing and dealing with economic crises and how to emerge from them, during his participation in the economic forum «Majalis Amlak,» which specializes in real estate affairs, held recently to celebrate the presentation of the «Real Estate Excellence Awards» presented by the newspaper to the winners. Al-Omran affirmed that the Kingdom’s economy is continuously improving and that the state budget has become … Read more

In 2013, 2013 engineering firms met the qualification requirements to supervise off-plan sales projects under the “Wafi” program”

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Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Reading time: 2 MinutesThe number of engineering firms that have obtained the six qualification levels required to supervise off-plan sales or lease projects under the Ministry of Housing’s “Wafi” program has reached approximately 213 since the program’s inception. The “first-class” firms, which oversee projects exceeding one billion riyals, numbered 29%, comprising approximately 62 engineering firms, while “third-class” firms ranked second … Read more

At Amlak Majlis Honoring the winners of the Amlak Real Estate Excellence Award 2018 Discusses the future of real estate investment in the Kingdom.

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Reading time: < 1 MinuteReal Estate Companies Survey on Al-Ghadir Land: The Amlak newspaper conducted a survey within the city of Riyadh to gauge the value of Al-Ghadir land prior to the auction organized by Itqan Real Estate in cooperation with the estate of Sheikh Saleh Abdulaziz Al-Rajhi—may God have mercy on him—. The results of the survey, in which 257 real estate professionals participated, showed that the winners were Muhammad Abdulaziz Al-Babtain of Al-Babtain Real Estate and Khalid bin Shaker … Read more

U.S. homebuilding rose to 1.26 million units in November

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Real Estate America

Reading time: < 1 MinuteThe rate of home construction in the United States continued to rise on a seasonally adjusted annualized basis by approximately 3.21% to 1.26 million housing units in November, compared to expectations of 1.23 million units, (American Real Estate) Meanwhile, housing permits in the United States rose at an annual rate to 1.328 million, an increase of 51% compared to the revised October data. = = … Read more

In cooperation with SABIC Social Development Bank launches “Joud” product to finance small projects

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Reading time: 2 MinutesThe Social Development Bank has agreed with the Saudi Basic Industries Corporation (SABIC) to launch a joint product between the Bank and SABIC, namely the “Jood“ financing product, which was developed by the Social Development Bank to finance small industrial projects and support local content by providing financing for industrial projects with credit limits of up to 4 million riyals per project. … Read more

Minister of Housing inspects 5 housing projects in Riyadh He emphasizes the importance of adhering to the schedule and delivery on time

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Reading time: 2 MinutesHousing Minister Majid bin Abdullah Al-Hogail emphasized the importance of working to complete these housing projects and adhering to their designated timelines, ensuring they are delivered to beneficiaries within the specified timeframe of two to three years. This came during a tour he conducted of a number of “Sakani” program projects for residential units “under construction” in the city of Riyadh, during which he inspected the progress of work, … Read more

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