Month: April 2019

National Bank launches a special webpage on financing options for beneficiaries of the “Residential” program”

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Mortgage loan

Reading time: 3 MinutesThe National Commercial Bank (NCB) has launched an online page dedicated to the beneficiaries of the “Sakani” program in order to facilitate their access to the financing options provided by the Ministry of Housing and the Real Estate Development Fund as soon as possible, including the service of signing the contract for housing units under construction within the Ministry of Housing projects within a short period, in addition to applying electronically for a subsidized mortgage loan from the Ministry of ... Read more

Due to evolving regulations Real estate appraisal revenue expected to increase by 2.9 billion riyals annually

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Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: 2 MinutesA workshop held at the Eastern Chamber this week entitled “The Importance of Real Estate Valuation” revealed that the General Authority for Real Estate estimates the value of real estate that has been valued in the Kingdom, according to which reports were issued in an amount exceeding 5 trillion riyals, and the member of the Saudi Commission for Certified Valuers, Mohammed Al-Bar, who participated in the workshop, explained that the size of the expected real estate valuation return in the next five years by about ... Read more

Emirs hand over housing units to beneficiaries in various cities and provinces of the Kingdom

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Apartments

Reading time: 3 MinutesThe princes of the different regions continued to hand over the deserving citizens their housing units in various cities and governorates of the Kingdom, which were pumped by the Ministry of Housing in implementation of its housing projects in the residential program, where the distribution included a number of regions, namely: Medina, Riyadh, Hail, and the Ministry of Housing also handed over the keys of the units and apartments to the beneficiaries. The Prince of Riyadh has ... Read more

The deposit of half a billion riyals motivates beneficiaries to flock to the branches of the Real Estate Fund

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Real Estate Fund - Real Estate Finance

Reading time: 2 MinutesThe branches of the Real Estate Fund witnessed a turnout of beneficiaries to complete the procedures for obtaining subsidized real estate financing provided by the Fund in partnership with banks and financial institutions, coinciding with the announcement of depositing more than half a billion riyals in the accounts of beneficiaries as subsidized mortgage loan profits during last March. The announcement coincided with the announcement of the deposit of about half a billion riyals in the accounts of beneficiaries as a subsidized mortgage loan profit support in March. Read more

White Land Program expects to provide more than 1,200 residential plots through development

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Residential plot

Reading time: 2 MinutesThe White Land Fees Program has revealed that it expects to provide more than 1,200 residential plots of land as a result of its development, following the development of a large raw land in Riyadh with an area of 711.9 thousand square meters that was subject to fees, and whose planning has been fully approved by the Ministry of Municipal and Rural Affairs. The program confirmed that it will continue to continue charging fees on land ... Read more

Memorandum of Understanding between Building Technology Incentive and the Technology Development and Investment Company to implement research projects and establish accelerators

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Reading time: 3 MinutesThe Building Technology Stimulation Initiative (BTSI) - one of the private sector stimulation initiatives implemented by the Housing Program and the National Industry Development and Logistics Program - has signed a memorandum of understanding with the Saudi Development and Technical Investment Company (SDTIC) - owned by the Public Investment Fund - to cooperate in implementing joint research projects in modern and future building technology, and contribute to the establishment and operation of a business accelerator... Read more

It includes 32 blocks and 482 residential and commercial plots of land «Real Estate Contributions» and «Itqan Company» offer Al Safwa plan in Jeddah

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Reading time: 2 MinutesThe Real Estate Contributions Committee (Tasfeeqa) at the Ministry of Commerce and Investment has announced that it will auction the Al Safwa scheme north of Jeddah on Wednesday, April 24, 2019, in cooperation with Itqan Real Estate, the exclusive marketer of the scheme, which contains 32 blocks, with 482 residential and commercial plots, and the scheme extends over a total area of 291,000 square meters. It is considered the «... Read more

Ministry of Housing plans to link Ejar to utility bills starting July

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Rent

Reading time: < 1 MinuteThe Ministry of Housing, represented by the electronic network for rental services ”Ejar”, revealed that it intends to link the bills of the water and electricity companies with “Ejar” starting next July, this came during a workshop held during the activities of the Cityscape exhibition in Jeddah, in which Abdulrahman Al Samari, a member of the “Ejar” network, spoke. Al Samari said that the ministry is considering further linking with other ... Read more

Wakeelik Real Estate Company to auction a luxurious residential mansion in Jeddah next Thursday

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Sale of a building

Reading time: 2 MinutesWakeelik Real Estate Company is organizing a public auction in Jeddah to sell a luxurious residential mansion in Al Marjan neighborhood in Jeddah, under the supervision of the Execution Court in Jeddah, and the area of the mansion is about 2820 square meters, after the afternoon prayer on Thursday, April 11, 2019, at Al Manzil Hotel on Medina Road, and Wakeelik Real Estate Company explained that the mansion is located in the most prestigious ... Read more

Cityscape Jeddah concludes with the participation of more than 50 specialized real estate companies, 200 government representatives and 30 speakers

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Real estate market

Reading time: 2 MinutesWith the participation of more than 50 exhibitors from six countries, Cityscape Jeddah concluded on Sunday amid very positive expectations towards the future of the local real estate market in the Kingdom and its foreign investment potential, as it witnessed a strong presence of visitors throughout the exhibition, in addition to the growing status of the exhibition positively ahead of its next edition in 2020. ... Read more

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