Month: January 2019

It contains 11 commercial and residential plots (condominiums)... «Itqan Real Estate announces the upcoming sale of the »Al Moltaqa Land Scheme« in Jeddah

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Residential scheme

Reading time: 2 MinutesItqan Real Estate announced the imminent start of sales in the Ard Al Multaqa scheme in Jeddah, following the great success achieved by the company in the first phase of the sale of Al Mostakbal scheme south of Riyadh. The area of “Ard Al Multaqa” is 42.638 thousand square meters along Prince Majid Street in Al Naseem neighborhood in the heart of Jeddah, a residential and commercial scheme in the middle of a number of typical neighborhoods such as Al Waroud ... Read more

“Taktalat Real Estate launches the plan for the second area of Smart City for sale 500 residential plots, 27 residential blocks and 7 commercial blocks await investors. Tomorrow, Tuesday

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Residential land

Reading time: 2 MinutesResidential lands of various sizes, investment plots in strategic locations and distinctive commercial blocks Taklat Real Estate Company has completed all its preparations to launch the plan of the second area 5/2 of the smart city in northern Riyadh, south of King Salman Road and at the intersection of Abu Bakr Al-Siddiq and Anas bin Malik Roads, may God be pleased with them, tomorrow, Tuesday, 23/5/1440 AH corresponding to 29/1/2019 AD, and the plan contains residential lands with 500 pieces ... Read more

Fall in real estate price index, rise in housing prices

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Real Estate Prices - Real Estate

Reading time: 2 MinutesThe general index of real estate prices recorded a decrease of 2.3% compared to the previous quarter (Q3 2018), where the general index of the real estate price index in the Kingdom reached (4.80) in the fourth quarter 2018, while it was (3.82) in the third quarter 2018, and the General Authority for Statistics report on the real estate price index in the Kingdom for the fourth quarter 2018 attributed to a decrease ... Read more

5 entities sign memorandum of cooperation to employ 80,000 people in the real estate and contracting sectors

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Employment

Reading time: 2 MinutesThe Ministry of Labor and Social Development, the Ministry of Housing, the Human Resources Development Fund (Hadaf), the Council of Saudi Chambers, and the Saudi Contractors Authority signed a memorandum of cooperation to localize 80,000 jobs in the real estate and contracting sectors, starting from the current calendar year until the end of 2020, with the aim of raising the rate of localization and employment and stimulating the real estate and contracting sectors to grow, in line with the targets of the National Transformation Program ... Read more

Significant increase in licensed investments in Saudi Arabia in 2018

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Licensed investments

Reading time: 2 MinutesIncrease in the number of licensed investments by 99 % The GAFI's 2018 achievements report revealed an increase in the number of licensed investments by 99 %, while the number of investment expansion requests from the same year increased by up to 1001 %, and the time for issuing new licenses was reduced to two and a half hours, in addition to reducing the time for amendment services to 3 ... Read more

Housing Ministry sets 3 conditions for engineers to practice building inspection

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Apartments - Building Inspection

Reading time: < 1 MinuteThe Ministry of Housing has set 3 requirements for those wishing to inspect prefabricated buildings, summarized by obtaining an engineering bachelor's degree (architectural, civil, mechanical, electrical), membership of the Saudi Board of Engineers, and the presence of professional errors insurance through the Saudi Board of Engineers, in addition to the need to pass the training course. The General Supervisor of Real Estate Regulation at the Ministry of Housing, Engineer Mazen Al-Dawood, explained that the ministry does not ... Read more

Wafi approves the unified guiding contract to regulate the relationship between all parties

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Off-plan sales

Reading time: 2 MinutesThe Wafi Committee for Sale and Leasing on the Map (Wafi) has approved the unified indicative contract after it was put forward for public opinion, which aims to organize the contractual relationship between buyers of real estate units in off-plan sales projects (under construction) with real estate developers implementing those projects, and to clarify the obligations and rights of all parties. The committee's secretary-general, Nayef bin Nawaf Al Sharif, explained that the committee ... Read more

One of the smart city schemes And valuable opportunities for investors. «Taktalat Real Estate launches the second area plan in North Riyadh Next Tuesday

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Residential plot

Reading time: 2 Minutes500 residential plots with a variety of areas, 27 residential blocks and 7 commercial blocks with special investment advantages Taklat Real Estate has completed all preparations to launch the plan of the second area 5/2 of the smart city in northern Riyadh, south of King Salman Road and at the intersection of Abu Bakr Al-Siddiq and Anas bin Malik roads, may God be pleased with them, on Tuesday, 23/5/1440 H corresponding to 29/1/2019 G. The plan contains ... Read more

Entertainment Authority and Monsha'at collaborate to create and operate businesses in the entertainment sector

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Investment

Reading time: 2 MinutesThe General Authority for Small and Medium Enterprises (Monshaat) and the General Entertainment Authority (GEA) have signed a cooperation agreement in Riyadh to establish and operate a business accelerator in the entertainment sector to support the prosperity of entrepreneurs and SMEs, develop capabilities, incubate ideas into startups, and stimulate innovation and creativity. The agreement was signed by the Minister of Commerce and Investment and Chairman of the Board of Directors of the General Authority for Small Enterprises ... Read more

Abdulaziz Al-Issa writes: Building sustainability and the unknown details

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Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Reading time: 2 MinutesThe Ministry of Housing, which announced a new service under the name of the Sustainable Construction Platform, which aims to achieve the quality of the housing unit, has recently spread the word "sustainable construction" in attempts to understand the intended meaning of what the Ministry of Housing means, which is a step calculated for the Ministry within its endeavors to develop ... Read more

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