Month: March 2019

Digital transformation at the Ministry of Justice helped process 357,000 notarization requests last month

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Residential Real Estate - Request Inquiry - Ministry of Justice

Reading time: 2 MinutesNotarization transactions at the Ministry of Justice increased by 521% during the month of Jumada al-Akhira 1440 AH, with 357,000 notarization requests processed, compared to 234,000 requests in the same month last year. This is a result of the digital transformation of the notarization sector at the Ministry of Justice, which has spared beneficiaries the need to visit notary offices to issue low-risk powers of attorney, and requests for the notarization of powers of attorney and declarations … Read more

Ministry of Housing and the Social Development Bank sign an agreement to incentivize businesses to work in real estate brokerage worth 300 thousand riyals

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Financing projects

Reading time: 3 MinutesWith the aim of financing real estate projects nominated by the Ministry of Housing, with support of up to 300,000 riyals, the Ministry signed a cooperation agreement with the Social Development Bank to train and finance small business owners to work in the field of real estate brokerage; the bank will provide a package of financing products and non-financial services to small businesses to help them take advantage of opportunities in the real estate sector; with the aim of … Read more

Hamad Mohammed Almoosa Real Estate Investment and Development Company completes preparations for the launch of the Al Faal scheme in Jeddah next Tuesday, April 2

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Residential-Commercial Scheme

Reading time: 3 MinutesHamad Mohammed Al-Mousa Investment and Real Estate Development Company has finalized arrangements to launch the Al-Fal Land residential and commercial development in Jeddah and to inaugurate the sales center this coming Tuesday, April 2, 2019. The project covers an area of one million square meters and is surrounded by a number of major and vital roads, such as Prince Abdul Majeed Road and Transcontinental Road. It is also distinguished by its proximity to … Read more

The Saudi Society for Real Estate Sciences organizes the second forum for the real estate industry at the headquarters of the Saudi Council of Engineers

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Property

Reading time: 2 MinutesThe Saudi Society for Real Estate Sciences, one of the active scientific societies at King Saud University, is organizing the Second Real Estate Industry Forum this evening. The event is being held in partnership with the General Authority for Real Estate and hosted by the Saudi Council of Engineers. The forum consists of three main sessions featuring presentations by a number of academics and real estate experts; the sessions will discuss shifts in residential development and natural real estate… Read more

Cabinet approves the establishment of the Attribution and Liquidation Center to work on freezing the capital of frozen projects and estates

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Housing Subsidy - Estate Liquidation

Reading time: 3 MinutesThe Council of Ministers, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, approved the regulations for the Support and Liquidation Center and the Environment Fund during its meeting held yesterday, Tuesday, at Al-Yamamah Palace in Riyadh. The approval of the Support and Liquidation Center is intended to assist in the liquidation of estates and stalled or frozen projects. For his part, the Secretary-General of the Real Estate Contributions Committee explained … Read more

Awqaf Investment Company offers 14 investment sites in Makkah, Madinah and Asir

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Investment opportunities

Reading time: 2 MinutesAwqaf Investment Company, the investment arm of the General Authority for Awqaf, announced the launch of a range of distinctive real estate investment opportunities in which the Authority has announced it will invest, The company explained that the current offering is part of a pilot program to launch real estate investment opportunities in which the Authority wishes to invest. The company noted that there are 14 investment opportunities in Makkah, Madinah, and the region… Read more

Organizes the auction of rare opportunities and exceptional advantages Tomorrow, Wednesday, «Al Baradi Real Estate Investments and Auctions» offers an investment site in Al Naseem neighborhood

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Auction

Reading time: 3 MinutesThe site is strategically located, surrounded by three major thoroughfares in the heart of a commercial and industrial environment that offers unique investment advantages. 238 commercial showrooms and 227 workshops await investors looking to seize the most significant opportunities of 2019. Al-Baradi Real Estate and Public Auctions announcedAl-Baradi Real Estate and Public Auctions has announced the completion of its preparations to invite businesspeople, investors, and commercial companies to attend the largest commercial and industrial public auction in the Riyadh region.  This will be achieved by organizing a public auction for the largest commercial and industrial site … Read more

In the presence of the Emir of Riyadh and the Minister of Housing “Developmental Housing” delivers housing units to 200 families

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Housing units

Reading time: 3 MinutesHis Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region and Chairman of the region’s Executive Committee for Developmental Housing, handed over the keys today at Al-Hukm Palace to housing units allocated by the Developmental Housing Authority to more than 200 eligible families in Riyadh, in the presence of His Royal Highness Prince Mohammed bin Abdulrahman bin Abdulaziz, Deputy Governor of the Region, and His Excellency the Minister of Housing, Mr. Majid bin Abdullah … Read more

Housing program launches new initiative to support civilians from the government sector over the age of 50

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Housing Scheme - Real Estate Loan - E-Services

Reading time: 3 MinutesIn partnership with banks and financial institutions, the Housing Program has continued to launch various initiatives to help citizens become homeowners. It has launched the “Qard Hasan” down payment support initiative for civilians in the government and military sectors, as well as retired “military personnel,” as well as private-sector employees aged 50 and older, by granting them an additional “Qard Hasan” mortgage loan of up to 140,000 riyals in addition to the “subsidized” mortgage loan of up to 500 … Read more

Contractors and real estate professionals call for an urgent solution to the phenomenon of loose labor and unapproved contractors

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Building Materials Prices

Reading time: 4 MinutesAccording to an Amlak survey, experts confirm that construction costs are in line with real estate prices... Survey - Mohammed Al-Amin Jamous: The prices of building and construction materials play a fundamental role in driving the real estate development and construction sectors, especially under an open market policy. Prices of building and construction materials vary, and supply and demand differ. Amlak Real Estate surveyed a number of stakeholders, experts, and contractors regarding… Read more

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