Month: February 2019

The off-plan sales program «Wafi» organizes the second edition of Wafix 2019 Next March

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Housing projects

Reading time: 2 MinutesThe «Wafi» off-plan sales and leasing program has begun making arrangements and preparations to organize the second edition of the «Wafix 2019» off-plan sales projects exhibition and forum, which is being held under the patronage of His Excellency the Minister of Housing, Mr. Majed bin Abdullah Al-Hogail, in the city of Jeddah and will run for four days next March. The exhibition provides an overview of various investment opportunities and residential projects. The «Wafix … Read more

Launched by the Saudi Export Development Authority Initiative to establish an independent bank with a capital of 30 billion riyals to finance exports

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Export financing

Reading time: 2 MinutesThe export sector is one of the most important sectors supporting the national economy, and the Saudi Export Development Authority has unveiled an initiative to establish an independent export finance bank with a capital of 30 billion riyals, with the aim of providing financing to local exporters and foreign importers in accordance with global best practices in the field of export finance. Challenges Facing Exporters The Authority emphasized during the open meeting for exporters with the Secretary-General … Read more

During a business trip to the Qassim region Speaking at Al-Omari Diwaniyah Khalid Al-Baltan calls for an initiative to establish joint-stock real estate companies and study merger plans

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Real estate market

Reading time: 2 MinutesReal estate expert Khalid Al-Beltan, chairman of the Al-Beltan Group, called for the establishment of joint-stock real estate companies to transition the sector from individual or family-run operations to an institutional economy. He attributed this to the need to further stimulate the market and enhance its stability. During his participation in a forum titled «The Future of the Real Estate Market» at the Al-Omari Diwaniya—recently organized by the Al-Omari Group for Community Service in Al-Qassim—he called for taking advantage of such forums … Read more

Editor-in-Chief Abdulaziz Al-Issa writes about : Auctions and marketing professionalism

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Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Reading time: 2 MinutesRecent news reports indicate that over the past three years, the Ministry of Justice has conducted 495 auctions, 300 of which were real estate auctions, accounting for 65%; this indicates that the real estate sector dominates these auctions. Through our monitoring of real estate auctions, we have observed that while some have been successful, others have failed due to a lack of well-planned marketing strategies. To ensure that the organization of these auctions is not concentrated on specific companies… Read more

Crown Prince chairs «Tourism Talk» workshop and discusses tourism sector visions

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Tourism in Saudi Arabia

Reading time: 2 MinutesReflecting the government’s focus on domestic tourism, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Chairman of the Council of Economic and Development Affairs, presided over a workshop held by the Council of Economic and Development Affairs last Wednesday in the Al-Turaif neighborhood of historic Diriyah under the title: “A Discussion on Tourism,” regarding the visions and directions for the tourism sector in … Read more

Banks' housing finance reaches SAR 27 billion

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Real Estate Financing

Reading time: < 1 Minute (Mortgage Financing) ..  The volume of new residential mortgage financing provided to individuals by banks rose significantly, reaching 27.02 billion riyals by the end of 2018, an increase of 43 % compared to 2017. The volume of new residential mortgage financing during the fourth quarter of 2018 reached 9.7 billion riyals, an increase of 66 % compared to the same period in 2017. … Read more

«Sakany Expo 2019» kicks off in Dhahran with the participation of the Kingdom's real estate sector

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Real estate exhibition

Reading time: 2 MinutesHis Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz, Deputy Governor of the Eastern Province, inaugurated last Thursday, in the presence of Housing Minister Al-Hogail, the «Sakani Expo,» organized by the Ministry of Housing and the Real Estate Development Fund, at the Dhahran International Exhibition Center. The event will continue through February 16. Following the opening ceremony, His Royal Highness presented a number of citizens who have benefited from … Read more

Amlak Real Estate Newspaper issues issue 167, which contains many articles, real estate and finance news, reports and coverage

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Real Estate News - Best Real Estate Companies

Reading time: 2 MinutesAmlak Real Estate Newspaper publishes Issue No. 167, featuring a wealth of real estate and finance news, updates on the top real estate companies, reports, and general real estate news (Real Estate – Finance). Residential financing for individuals from banks reaches 27 billion riyals… Establishment of a specialized academy for industrial security and discussions on a strategic partnership. Three conditions for engineers to conduct building inspections. The Ministry of Justice receives… Read more

including valuation, brokerage and property management Ruya Real Estate unveils its 2019 plans to provide real estate services

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Real estate appraisal

Reading time: 2 MinutesRu’ya Real Estate has unveiled the key features of its plans for 2019 across its various business areas—including marketing, property management, and real estate appraisal—throughout the Kingdom, drawing on its accumulated expertise and a team of qualified and trained professionals capable of keeping pace with the technological and scientific advancements that have become a reality in real estate transactions. This year, “Ruya Real Estate” is committed to providing a full range of integrated service solutions… Read more

Organized by Al-Baradi Real Estate and Public Auctions Foundation... The Al-Hazaa Industrial Complex auction in the Al-Naseem neighborhood of Riyadh raises 130 million riyals

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Commercial Auction - Investment Website

Reading time: 2 MinutesIn the presence of a distinguished group of businesspeople and investors, Al-Baradi Real Estate and Public Auctions organized a public auction to sell an investment site in the Al-Naseem (Al-Hazaa Industrial Area) in eastern Riyadh, with an area of 315,000 square meters. The sale was concluded at 130 million riyals, bid by investor Fahd bin Ali Al-Hazaa, last Monday evening. On this occasion, Mohammed bin Abdullah Al-Baradi, the director … Read more

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