Month: February 2019

«Residential Expo Dhahran» concludes its activities successfully. More than 13,000 beneficiaries at the exhibition and 4000 financing requests. 82 % were satisfied with the event

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Real Estate Financing

Reading time: 3 MinutesThe growing desire among beneficiaries to own homes prompted 4,000 citizens to successfully submit mortgage applications. The «Sakani Expo Dhahran» after hosting more than 13,000 beneficiaries over its ten-day run. The event showcased housing programs to beneficiaries of the Ministry of Housing and the Real Estate Development Fund. The expo, which is the first of its kind in the Eastern Province … Read more

Businessmen and real estate agents are invited to attend the auction Itqan Real Estate Company offers 24 blocks in Rehab Al Aziziyah next Tuesday

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Residential-Commercial Scheme

Reading time: 2 MinutesItqan Real Estate has renewed its invitation to businesspeople and real estate professionals to attend the auction for the Rehab Al-Aziziyah project, which it is organizing after Asr prayer on Tuesday, 21/06/1440 AH, corresponding to 26/02/2019, at the project site itself in southern Riyadh, in the Al-Dar Al-Bayda neighborhood, near the Al-Mustaqbal project at the intersection of Al-Hair Road and Nahawand Street, close to the Al-Aziziyah neighborhood. The Rehab Al-Aziziyah project is one of the real estate developments… Read more

The Saudi Arabian Monetary Authority (SAMA) allows organizations to benefit from pledged funds

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Business registers

Reading time: < 1 MinuteThe Saudi Arabian Monetary Authority (SAMA) is working on a project to introduce a secured transactions system that is more comprehensive than the commercial mortgage system, covering all forms of secured transactions, such as: «the sale of movable property subject to repurchase or redemption in the event of default, and the placement of goods on consignment.» This was revealed by Hisham Tashkandi, advisor to the governor of the Saudi Arabian Monetary Authority (SAMA) … Read more

During a workshop: The Riyadh Chamber monitors and analyzes the current status of endowment facilities

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Workshop

Reading time: < 1 MinuteIn support of the endowment sector and its regulation, the Riyadh Chamber of Commerce, represented by its Endowments Committee, recently hosted a workshop titled «Monitoring and Analyzing the Current Status of Endowment Facilities Regarding Zakat Exemptions» . Rajis Al-Dosari, Vice Chairman of the Endowments Committee, emphasized that the Riyadh Chamber’s Endowments Committee is working to build bridges of cooperation with relevant agencies and bodies that are working to develop a sound environment for the success of … Read more

Abdulaziz Al-Issa writes about the priority of housing between the retiree and the young family

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Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Reading time: 2 MinutesAs people age and face increasing fatigue and psychological stress, their struggle to realize their dream of owning a home intensifies, and this suffering intensifies even further upon reaching retirement age for those over 50, when banks reject their applications for affordable housing financing. Do our institutions reward citizens who have devoted the prime of their youth to serving the nation and given it the full measure of their efforts and experience with such neglect? And instead of … Read more

More than 60 % units from the project have been reserved... Construction work begins on the «Jawhara Al-Rasifa» project in Mecca

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Rusaifeh Jewel Project

Reading time: 2 Minutes«Ladan Investment Company» Offers More Than 1,035 Diverse Residential Units to Ministry of Housing Beneficiaries Ladan Investment Company announced the start of construction work on the «Jawharat Al-Rasifa» residential project in Makkah, one of the housing program projects it is implementing in the Holy City. The project provides more than 1,035 residential units for Ministry of Housing beneficiaries, distributed across 33 towers, with each … Read more

«Amlak Real Estate» newspaper releases the new issue 168 and contains the latest real estate news, reports, company news and coverage

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Real Estate News - Top Real Estate Companies

Reading time: 2 MinutesThe new issue, No. 168, of *Amlak* Real Estate Newspaper has been published. It features a wealth of real estate news, exclusive reports, updates on the top real estate companies, events, exhibitions, and regular columns. Local News – Real Estate News: Women are now able to purchase mortgage-financed properties… The Real Estate Fund approves the transfer of a mortgage from one property to another… and the transfer of approved loan applications for the «Jawhara” project… Read more

Promoting domestic tourism. Saudi Arabia aims to reach 50 million tourists according to Vision 2030

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Saudi Arabia's investment in tourism

Reading time: 2 MinutesTo support and promote domestic tourism in the Kingdom, interest in the tourism industry is growing at a rapid pace, following a phased plan in accordance with its vision, which is based on practical data and figures focused on activating public-private partnerships and working toward improved performance and productivity to achieve economic goals centered on diversification and transformation. Fifty million tourists during the visit of His Majesty… Read more

Court of Execution to auction commercial complexes and residential villas in Dammam Next Monday

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Auction

Reading time: < 1 MinuteThe Bandar Al-Hamoud Foundation for Public Auctions has invited businesspeople and real estate professionals to attend the public auction it is organizing at the Al-Andalus Banquet Hall, located on Al-Khansa Street in the Al-Nuzha neighborhood, next Monday, 20/6/1440 AH, corresponding to February 25, 2019, immediately following the Asr prayer. The auction, which was announced by the Dammam Enforcement Court, features a number of residential and commercial properties in locations … Read more

Real estate reports confirm the growth of the real estate sector in 2019 Mortgage market growth is expected to continue

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Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: 2 MinutesData from the Real Estate Index showed remarkable progress in the Kingdom’s real estate sector in terms of both the value and number of real estate transactions, Accordingly, specialized reports projected a 21% year-over-year increase in the value of mortgages, reaching approximately 368 billion riyals in 2019. The reports noted that the 5% decline in growth in the commercial real estate sector (according to the General Authority for Statistics) will help reduce the cost of … Read more

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