Month: December 2018

“Azizi Real Estate Development” Wins “Developer of the Year” Award for Its High-End Residential Projects

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Reading time: 2 MinutesIn recognition of its contribution to the development of high-end residential projects in prime locations across Dubai, “Azizi Real Estate Development,“ one of the UAE’s leading real estate developers, was named “Developer of the Year” at the “2018 Enterprise Agility Awards” ceremony organized by “Entrepreneur Middle East” magazine at the Habtoor Palace Hotel in Dubai. To assess the Dubai real estate market. The strength of the Dubai real estate market and “Azizi Development” is considered… Read more

The real estate sector is eagerly awaiting the “Al-Basateen District” auction this coming Friday… and ”Anan Real Estate” is finalizing its preparations to welcome business leaders

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Reading time: 2 MinutesAnan Real Estate has completed preparations to offer plots of land in the “Al-Basateen Residential District” at a public auction this coming Friday, December 7, 2018, which will be held in the district itself, amid great anticipation from a large segment of businesspeople, investors, leading real estate companies, and those seeking investment opportunities and deals in prime locations in northern Riyadh. The auction for the “Al-Basateen Residential District” includes… Read more

Restatex Jeddah Real Estate Exhibition opens its events. Major development and financing companies showcase their products to visitors

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Reading time: 2 MinutesIn the presence of major real estate development companies, banks, and financial institutions, Housing Minister Majed Al-Hogail inaugurated the “Restatex Jeddah Real Estate Exhibition,” which kicked off yesterday evening, Wednesday, with broad participation from the Ministry of Housing, several government agencies, and companies involved in housing, real estate, and construction. Al-Hogail highlighted the efforts of the Ministry of Housing during the exhibition’s opening ceremony—for which the newspaper Amlak provided specialized media sponsorship—stating that … Read more

Saudi Engineers Organization cooperates with “Saudi Building Code Committee” to implement training courses and approve scientific curricula

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Reading time: < 1 MinuteThe Saudi Council of Engineers plans to conduct training courses, approve training methodologies and exams related to the Saudi Building Code, and finalize their schedule, This was announced in a joint memorandum of understanding signed by the Society and the National Committee for the Saudi Building Code in Riyadh on Wednesday, with the aim of strengthening cooperation and integration between the two parties in the areas of training and knowledge transfer related to the Code, to develop the most advanced construction methods. … Read more

The Real Estate Contributions Committee (Tasfeeha) sets three electronic means of communicating decisions

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Real Estate Contributions - Real Estate Contributions - Real Estate

Reading time: 2 MinutesThe Real Estate Contributions Committee has officially approved «Tasfiya» as a means of electronic notification to inform stakeholders and owners of contribution properties of decisions issued regarding them. According to a statement from the committee, the committee’s decision included the adoption of three electronic methods for committee notifications: text messages sent via a verified mobile phone, email, and notifications via an account registered in any of the government’s automated systems. The committee noted … Read more

During the third quarter, new residential loans to individuals from banks rose to 5.65 billion riyals

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Banks_Saudi Arabia Home Finance - Real Estate Loans financing

Reading time: 2 MinutesRecent reports show that the volume of new residential mortgage financing provided by banks to individuals rose to 5.65 billion riyals during the third quarter of 2018, an increase of 20% compared to the same period in 2017. Data from the Saudi Arabian Monetary Authority (SAMA) showed that growth in residential sector financing varied across its different segments. 4.7 billion was allocated to residential villas, and financing for residential villas accounted for the largest share… Read more

The real estate sector awaits the Basateen Neighborhood auction next Friday Anan Real Estate completes its preparations to receive businessmen and women

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Reading time: 2 MinutesAnan Real Estate has completed preparations to offer plots of land in the “Al-Basateen Residential District” at a public auction this coming Friday, December 7, 2018, which will be held in the district itself, amid great anticipation from a large segment of businesspeople, investors, real estate companies, and those seeking investment opportunities and deals in prime locations in northern Riyadh. The “Al-Basateen” auction includes lots … Read more

«Amlak surveys opinions on the residential program and exhibition Experts and specialists: Citizens should be involved in drawing the future image of their homes

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Reading time: 3 MinutesAli Al-Ghamdi: Citizens should be given the opportunity to design their own homes according to their preferences. Ali bin Sahban: I propose establishing a center that brings together all relevant authorities to study, coordinate, and oversee the process. Khalid Al-Shuraihi: A housing exhibition needs to enhance its media presence and ensure effective coordination. By the end of 2018, the Ministry of Housing and the Real Estate Development Fund will complete the allocation of more than 580,000 housing units and financing products… Read more

King Abdullah Economic City announces the presentation of the “Oasis” residential project on December 6 in Jeddah

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Reading time: 2 MinutesKing Abdullah Economic City has announced the date for the launch of the “Al-Waha Springs” residential project, which will take place on December 6 at the Economic City’s new sales center on Prince Sultan Street in Jeddah. Featuring a variety of properties, “Al-Waha Springs” represents the second phase of ready-to-move-in residential units within the “Al-Waha” neighborhood, ranging from apartments consisting of … Read more

Organized by Ittijan Conglomerate. Al Sanea's first real estate auction achieves SAR 203.6 million

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Reading time: 2 MinutesIn the presence of a number of Saudi and Gulf investors, the Itqan Consortium—the exclusive marketer of properties owned by businessman Ma’an Al-Sanea and Saad Trading and Contracting Company—successfully sold ten properties, including residential and commercial properties and buildings, at the first real estate auction, for a total of 203.6 million riyals. On this occasion, Abdulaziz Al-Rashid, Chairman of the Itqan Consortium, explained that during the auction, the consortium received… Read more

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