Month: July 2019

The Real Estate Institute announces the launch of the Introduction to Modern and Innovative Building Technologies course  

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Construction Techniques - Training Course

Reading time: 2 MinutesThe Saudi Real Estate Institute (SREI), the academic and knowledge arm of the General Real Estate Authority (GRA), in collaboration with the Building Technology Catalyst Initiative (BTCI), has announced the launch of its first course on building technologies, titled “Introduction to Modern and Innovative Building Technologies”. The course aims to grow the demand for building technologies by raising awareness and knowledge in the sector, creating a new outlook on building technologies, and enhancing the effectiveness of decisions ... Read more

  Boosting investment opportunities. More than 80 billion riyals of e-commerce in Saudi Arabia and innovative competitive advantages

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Reading time: 3 MinutesThe Kingdom's e-commerce system, which was recently approved by the Council of Ministers, is a new milestone in the national economy as it enhances its status and ability to keep pace with modern commercial changes and patterns, and the system aims to promote commercial transactions, stimulate and develop e-commerce activities, protect consumers from fraud, deception or misinformation and preserve all the rights of all parties dealing with trade ... Read more

“Aldar launches end-to-end leasing program at West Yas Residences

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Reading time: 2 MinutesAldar Properties is launching a lease-to-own program in its West Yas residential project, which overlooks the mangrove forests surrounding Yas Island. The program allows customers to increase their ownership percentage in the units covered by the program over a period of five years by making rental payments of AED 220,000 per year. (Emirates Real Estate). Aldar explained ... Read more

As ranked by Arabian Business Jamal Lootah is the most influential Arab personality in the world in 2019

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International real estate

Reading time: 2 MinutesJamal Abdullah Lootah, president and co-founder of the Middle East Facility Management Association (MEFMA), was recently named one of the world's most influential Arabs in 2019 by Arabian Business magazine. With his extensive knowledge of the FM industry and considerable experience, Lootah's contributions to the Middle East FM industry have played a vital role in the evolution of MEFMA. Read more

Residential Program and Al Rajhi Bank complete the electronic linking of financing services with the Real Estate Advisor Program

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Residential Program - Residential Properties - Land - Real Estate Finance

Reading time: 2 MinutesThe Ministry of Housing's «Sakany» program has succeeded in completing the electronic linkage of mortgage financing services for under-construction residential units for the Real Estate Advisor Program with Al Rajhi Bank, where one of the beneficiaries of “Sakany” signed the first purchase contract for a residential unit in record time in a project for “Sakany” for residential units under construction within two working days. This measure aims to facilitate the service of ... Read more

Saudi Build 2019 to showcase the latest sustainable building innovations in October

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Construction exhibition

Reading time: 3 MinutesRiyadh Exhibitions Company Limited has announced the completion of all preparations for the launch of “Saudi Construction Exhibition 2019" from 8 to 11 Safar 1441 AH, corresponding to 7 to 10 October 2019 at the Riyadh International Convention and Exhibition Center, under the specialized media sponsorship of Amlak Real Estate Newspaper. Where it coincides with the Saudi Stone Technology Exhibition, the exhibition of the series of construction equipment, factories, machinery and vehicles ... Read more

Samba Financial Group reaches a dollar-denominated syndicated loan with a group of Asian banks

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Real estate loans

Reading time: 2 MinutesThe Chairman of Samba Financial Group, Ammar bin Abdul Wahed Al Khudairi, revealed that the group has reached a syndicated loan agreement in US dollars with a group of Asian banks, making Samba the first bank in the Kingdom to implement this type of syndicated loan with Asian banks (real estate loans). Al-Khudairi explained that Samba was able to implement this ... Read more

Residential Expo Asir presents 15 residential plans with 13,300 plots of land for housing beneficiaries

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Free land

Reading time: 2 MinutesThe Residential Expo Asir 2019 will conclude today, Monday, July 8, its four-day activities at the King Fahd Cultural Center in Abha, where the Ministry of Housing has started free land contracts for the delivery of beneficiaries in the ”Atoud” works scheme in Khamis Mushait governorate. The ministry called on citizens who are registered on its lists and who are interested in the free land option ... Read more

“Tasfiqah” restores the shareholders' rights to the 187 million riyals in Al Kharj Road Kilo 18

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Real estate contributions

Reading time: 2 MinutesThe Real Estate Contributions Committee (Tasfeeha) revealed that we completed today the restoration of the rights of shareholders in the contribution (Al-Kharj Road Kilo 18) with a percentage of profits that exceeded expectations and the total amount (187,000,000 riyals) will be disbursed soon to its beneficiaries, and Dr. Badr Al-Shuwaier confirmed in his own Twitter account that work is underway to complete all contributions and that the liquidation is done immediately for those that are completed. He thanked all the workers ... Read more

“The Walk” project has been acquired by Albilad Capital successfully finalizes the offering of units of the “Medical Village I” fund

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real estate

Reading time: 2 MinutesAlbilad Capital announced the successful closing of the units of the “Medical Village I” fund, which acquires the “The Walk” project, which is part of a huge 250 thousand square meters project that includes specialized and diversified real estate assets in a privileged location opposite the diplomatic district in the city of Riyadh, and this project is one of the qualitative and pioneering projects in the real estate sector. (... Read more

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