Month: January 2019

Al Jazira Mawtan REIT: There are currently no plans to invest in developing real estate projects

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Real estate projects

Reading time: < 1 MinuteReal estate projects. Al Jazira Financial Markets Company announced the risk assessment report for the Al Jazira Mowatan REIT for 2018/2019. The company said, according to a statement on Tadawul, that one of the amendments made to the fund's main risks is that the fund does not currently have any plans to invest in real estate development projects. It emphasized that the fund's interest rate risk has ... Read more

It plans to launch a “WhatsApp Business” service Makkah Chamber launches the e-certification portal to serve more than 29 thousand subscribers

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Electronic certification

Reading time: 2 MinutesIn an effort to complement the digital system, the Chamber of Commerce and Industry in Makkah launched the e-certification portal, as part of the Chamber's strategy to keep pace with the Kingdom's Vision 2030 for digital transformation, develop services and take care of the interests of its members of the business community, facilitate them and provide the finest distinguished services for them. As part of the Chamber's strategy to keep pace with the Kingdom's Vision 2030 for digital transformation, develop services, take care of the interests of its members of the business community, facilitate them and provide the highest quality services to them. Read more

In the presence of the Minister of Housing. Bunyan Charitable Society delivers a number of houses to needy families in Riyadh

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Housing

Reading time: 2 MinutesIn the presence of His Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, the General Supervisor of Developmental Housing and Real Estate Regulation, Engineer Mazen Al-Dawood, and Vice Chairman of Bunyan Association, Turkiya Al-Fares, Bunyan Charity Association handed over a number of houses last week in partnership with the Ministry of Housing's Developmental Housing Program to the most needy families in Riyadh. On this occasion, His Excellency the Minister of Housing ... Read more

Riyadh Chamber: The establishment of the General Authority for Foreign Trade strengthens the role of the national economy and its leading position locally and internationally

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National economy

Reading time: 2 MinutesRiyadh Chamber Chairman Ajlan bin Abdulaziz Al-Ajlan stressed that the establishment of the General Authority for Foreign Trade approved by the Council of Ministers comes within the framework of the serious and continuous work of our wise government under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness the Crown Prince - may God protect them - to enhance the role of the national economy and lead its position locally ... Read more

Ministry of Housing hands over 140 citizens free residential lands in Al Hanakiyah Governorate

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Reading time: 2 MinutesThe Ministry of Housing, represented by the “Residential” program, handed over 140 citizens their free lands in Al-Hanakiyah governorate of the Medina region, in a fully developed plan that includes 410 residential lands, with an area of 500 square meters per piece, in the presence of Al-Hanakiyah Governor Rashid bin Abdullah Al-Qahtani, Director of the Ministry's branch in the Medina region, Engineer Abdulaziz bin Faisal Abed. Read more

Ministry of Justice approves conditions for donors not to dispose of real estate gifts within a specified period of time

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Property

Reading time: < 1 MinuteThe Minister of Justice, Dr. Walid Al-Samaani, has agreed to accept donors' conditions on donations so that they can be utilized according to the specific purpose of the gift. The decision came in response to a number of courts and notaries about the request of some donors to stipulate that the donor should not dispose of the property for a certain period of time in order to achieve the intended purpose of the gift of the property, which is to benefit from the housing. The Ministry of Justice issued a circular ... Read more

Total value of SAR 500 million Bedaya Home Finance closes the second tranche of its Islamic Sukuk program

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Home financing

Reading time: 2 MinutesBedaya Home Finance Company has successfully completed the second tranche of its Islamic Sukuk program, which it launched during the second quarter of 2018 with a value of SAR 500 million, which closed on December 26. A company statement showed the participation of “Riyad Capital” as the organizer and distributor in the issuance of the new Sukuk for the purpose of financing homes, and the CEO ... Read more

Starting from 720 riyals The Ministry of Housing sets the estimated fees for the building inspection service to verify the quality of construction

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Apartments - Building Inspection

Reading time: 2 MinutesThe Ministry of Housing announced through the Sustainable Building Platform, the estimated fees for the inspection service of ready-made buildings, to verify the quality and safety of construction. She explained that the value of the fees for apartments is 720 riyals, while the value of the fees in residential villas varies according to the area of the total building areas, indicating that if it is less than 1500 square meters, the value of the fees is ... Read more

Pantheon Development breaks ground on AED 180 million, 268-unit Pantheon Elysee project in Dubai

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Reading time: 2 Minutes Pantheon Development announced the start of construction on its luxury project Pantheon Elysee in Dubai's Jumeirah Village Circle on Wednesday. The AED180 million Pantheon Elysée comprises 268 residential units and retail outlets. The project is expected to be handed over in the fourth quarter of 2020. Kalpesh Kainariwala, Founder and President of Pantheon Group, said: “We are ... Read more

Amlak Newspaper polls the experts Did the Ministry of Housing succeed in 2018?

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Reading time: 3 MinutesThe Ministry of Housing has completed its second year of implementing the Residential Program, which pumped 580,000 housing products, housing finance and land, and the program held dozens of agreements with real estate developers to contribute to the download of products to the ground, and with this program, the ministry pushed a number of initiatives and housing projects. Amlak Real Estate Newspaper polls opinions about the ministry's programs in 2018 and the ambition that ... Read more

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