Month: December 2019

2390 Exhibitors Participate in The Big5

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Selling Real Estate - Big Five Gallery

Reading time: 3 MinutesWith the participation of 2,390 local and international exhibitors from 59 countries, the Building and Construction Exhibition (The Big5) concluded its 40th session at the Dubai World Trade Center, and exhibitors showcased 20,000 products and building solutions to more than 68,000 visitors representing 130 countries, the exhibition was launched from November 25 to 28, 2019 under the patronage of His Highness Sheikh ... Read more

Minister of Housing: Establishing the infrastructure of the financial sector contributed to the absorption of 20,000 financing contracts per month

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Residential Land - Real Estate Finance

Reading time: 3 MinutesThe Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, confirmed that the financial sector in the Kingdom succeeded in absorbing the record number of real estate finance contracts within a month, which reached 20 thousand contracts, in order to establish infrastructure for the financial sector; explaining that the sector has many risks because it includes the type of product and inputs and other matters that must be relied on, and ... Read more

Itqan Real Estate organizes the first rental auction in the Western Region

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Real estate shrine

Reading time: 3 MinutesItqan Real Estate Company has completed its preparations to offer new real estate investment opportunities belonging to the General Authority for Endowments, in a public auction to lease a number of properties of the Authority on Sunday, 08/12/2019 in Lailati Hall in Jeddah and Khudri Hall in the Rafal Tower Hotel in Riyadh in conjunction (real estate auction). The auction aims to collect the best returns for the endowments, and to enhance ... Read more

Editor-in-Chief Abdulaziz Al-Issa writes: The New Urban Fabric Challenges

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Reading time: 2 MinutesOver the past few years, the Kingdom's various cities have witnessed a tremendous qualitative urban boom that has added a new and distinctive character through the change in the culture of investment in buildings and towers and innovation in vertical construction, which tempted real estate developers with its profitability and economic feasibility that is greatly diminished in horizontal and traditional construction. (Real Estate Marketing) With this new culture, the observer and follower of the paths ... Read more

Lawyer Ali Al Mosharafi writes an analytical reading of the decision to regulate the ownership of real estate in the Kingdom

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Ownership of real estate

Reading time: 3 MinutesRoyal Decree No. (A/218) was issued on 25/03/1441 AH concerning the regulation of real estate ownership in the Kingdom, and here I place in the hands of the kind reader a brief reading of the decree and summarize it in the following points: 1- All lands on which there is no title deed are considered the property of the state. 2- Courts are prohibited from accepting requests for ownership of lands that have not been issued ... Read more

Optimism prevails among real estate professionals as incentives and initiatives lead the real estate sector to an expected boom in 2020

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Selling real estate. Real Estate Boom 2020

Reading time: 3 MinutesAmlak - Exclusive: Specialized real estate professionals confirmed that the real estate market in the coming year 2020 will witness a tangible improvement in its overall performance, believing that the return of real estate developers to complete stalled projects will increase the strength of the supply that increases the purchasing power in the residential sector, (sale of real estate), and the return of project owners to complete them for several catalysts, including the decision of the Council of ... Read more

Aramco officially sets IPO price at SAR 32 per share and offers 3 billion shares to individuals and institutions

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Aramco Shares - Economy - Aramco IPO

Reading time: 2 MinutesSaudi Aramco officially announced on Thursday evening the final price for the offering of 1.5% of its shares, and the company revealed in a statement that the final price of the offering is 32 riyals per share. The proceeds of the offering of 1.5 percent equivalent to 3 billion shares of Saudi Aramco shares, in two tranches for institutions and individuals, two billion shares and one billion shares, respectively, amount to about 96 billion ... Read more

Saudi Real Estate Institute accredits Abdulaziz Al-Essa as a trainer in its training courses

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Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

Reading time: 2 MinutesThe Saudi Real Estate Institute, a governmental institute affiliated with the General Authority for Real Estate, has approved Mr. Abdulaziz Al-Issa, editor-in-chief of Amlak Real Estate Newspaper, as a trainer in the institute's activities, and Al-Issa will deliver training lectures in the course that will start next Sunday, December 8, in Makkah, for a total of 20 hours. (Real estate marketing). The course includes all the arts of real estate marketing and the trainee acquires ... Read more

During a workshop at the Riyadh Chamber Bayan allows querying the financial and legal status of 200 million global companies

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Real estate companies

Reading time: 2 MinutesSpeakers at a workshop entitled “Your International Ambassador in your business dealings” organized by the Riyadh Chamber in cooperation with Bayan Credit Information Company revealed that the Bayan portal allows querying more than 200 million companies around the world, and knowing the commercial, financial and legal credit status of these companies through official sources globally, in addition to comparing them with credit averages in the global market, ... Read more

On the fifth anniversary of King Salman's pledge of allegiance, the Ministry of Housing reaps the fruits of success

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Real Estate Financing

Reading time: 4 MinutesThe fifth anniversary of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud's accession to the throne, and the Ministry of Housing continues its efforts to enable citizens to obtain the appropriate housing that meets their aspirations and corresponds to their desires and abilities, and continues its efforts to work to regulate the real estate sector, to create a balanced and sustainable housing environment that serves all categories, as ... Read more

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