Month: February 2019

Dubai real estate transactions total more than 708 million dirhams... Land mortgages account for 361 million dirhams

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Real Estate Dee

Reading time: < 1 MinuteA report by the Dubai Land Department revealed that real estate transactions in Dubai totaled more than 708 million dirhams, including mortgages worth 361 million dirhams. Last Sunday, the department recorded 179 sales totaling 347 million dirhams, including 18 land sales worth 60 million dirhams and 161 sales of apartments and villas worth 287 million dirhams. Land mortgages accounted for … Read more

Coming soon... Itqan Real Estate is offering 482 commercial and residential lots in the Al-Safwa development north of Jeddah

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Residential plot

Reading time: 2 MinutesItqan Real Estate Company announced that it is organizing a number of public auctions in both Riyadh and Jeddah, where it revealed that it will soon launch the Al-Safwa development north of Jeddah in collaboration with the Real Estate Contributions Committee “Tasfiya” at the Ministry of Commerce and Investment, The development comprises 32 blocks containing 482 residential and commercial lots and spans a total area of 291,000 square meters. … Read more

Distinguished Marketers for Real Estate Investment, Development and Projects celebrates the reservation of 249 residential units in “Taiba Gate” project“

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Housing unit

Reading time: 2 Minutes“Al-Musawqoon Al-Muttamizoon for Investment, Real Estate Development, and Projects“ recently celebrated the reservation of 249 residential units in the “Bawabat Tayyiba” project in Madinah as part of the Ministry of Housing’s “Sakani” program. On this occasion, Engineer Mohamed Metwally, the company’s CEO, explained that the project comprises 700 residential units with a total area of 133,979.79 square meters and is still under construction. and the first units are scheduled to be delivered … Read more

Real estate market indicators are booming The value of transactions in January rose to 18.8 billion riyals 30.6 thousand properties sold

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Jeddah Real Estate - Real Estate Index

Reading time: 3 MinutesThe real estate index in the Kingdom’s markets showed an increase of 22.3% in trading during January 2019, as measured by the total value of monthly transactions, with the value of transactions reaching 18.8 billion riyals by the end of the month, a level very close to that recorded for the same month in 2017 (18.9 billion riyals), though it remains far from the record high recorded in the same month of … Read more

As part of the Industry Development Program. Financing three factories specialized in modern building technologies worth 144 million riyals

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Building Technologies - Real Estate - Building & Construction

Reading time: 2 MinutesThe “Construction Technology Incentive” initiative provided 144 million riyals in funding to three factories specializing in modern construction technologies, during the official ceremony for the National Industrial Development and Logistics Services Program, held under the patronage and in the presence of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense. This is part of the fruitful efforts to support the achievement of … Read more

An auction featuring rare opportunities and exceptional benefits is being held today, Monday. «Al-Baradi Real Estate Investments and Public Auctions» is offering an investment property in the Al-Naseem neighborhood.

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Commercial property

Reading time: 2 MinutesThe location is strategically situated, surrounded by three major thoroughfares, in the heart of a commercial and industrial environment that offers unique investment advantages: 238 commercial exhibits– 227 workshops await investors to seize the top opportunities of 2019. Al-Baradi Real Estate and Public Auctions Corporation announced that it has finalized arrangements to invite businesspeople, investors, and commercial companies to attend the largest commercial and industrial public auction in the Riyadh region. It will do so by organizing a public auction for the largest commercial and industrial site, covering an area of … Read more

1.7 trillion riyals to stimulate investment... The “Industry and Logistics Development Program” puts investment on the private sector’s agenda

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Industry

Reading time: 3 MinutesMore than 30 government agencies are working in a coordinated manner on the “National Industry and Logistics Development Program,” which was recently launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, Minister of Defense, and Chairman of the Council of Economic and Development Affairs, with the aim of implementing more than 300 initiatives, including 130 initiatives with a total value of 60 billion riyals, … Read more

Ministry of Justice receives 4213 requests for mortgage relief in three years

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Mortgage

Reading time: < 1 MinuteThe number of mortgage release requests over the past three years reached approximately 4,213 after the debts were paid off, of which commercial mortgages accounted for approximately 55%, According to previous statistics released by the Ministry of Justice, three regions accounted for the majority of mortgage release requests for mortgaged properties, with the Al-Qassim region accounting for 71.3% of these requests, followed by the Tabuk region … Read more

Execution courts carry out 495 real estate auctions in 3 years Out of a total of 322 auctions Riyadh's share is 45%

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Real estate auction

Reading time: 2 MinutesThe number of public real estate auctions conducted by enforcement courts in Saudi Arabia over the past three years reached approximately 495, accounting for 65% of the total 322 auctions held, According to press reports, the Riyadh region accounted for 45% of the total auctions, followed by the enforcement courts in the Al-Qassim region, and then the Makkah region. … Read more

Investment Opportunities for Hotel Towers and Trade Exhibition Centers... Wakil Real Estate Company Will Put the Dawas Market Up for Public Auction Next Wednesday in Mecca

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Auction

Reading time: 2 MinutesWakil Real Estate, a company specializing in organizing auctions and real estate appraisals, invited businesspeople, investors, and real estate development companies to attend the public auction it is organizing for the sale of the Dawas Market in Makkah on the afternoon of next Wednesday, February 6, 2019, at the Darnf Hotel next to the General Court (formerly) in Kadi on the Third Ring Road. This follows a ruling by the Enforcement Court ordering the sale of … Read more

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