Mr. Abdulaziz Al-Issa writes: Real estate professionals are optimistic again

Reading time: 2 MinutesThe appointment of the Minister of Housing, H.E. Mr. Majid Al-Haqeel, as Acting Minister of the Ministry of Municipal and Rural Affairs has found a wide and good echo in the real estate sector because he will be responsible for the two responsible and competent portfolios of real estate, which makes it easier for him to process millions of meters and opportunities for land and offer more of them to developers to stop the restraint of real estate prices. Especially since the market is still suffering ... Read more

Proposing quality projects in two phases Municipal Real Estate Disposal Regulations: Contracts for major projects are 50 years

Real Estate Disposal Regulations

Reading time: < 1 MinuteDr. Majid bin Abdullah Al-Qasabi, Minister of Municipal and Rural Affairs (formerly) and currently Minister of Commerce, revealed that the regulation of disposal of municipal real estate in its new version includes increasing the duration of contracts for major projects up to 50 years, this came as he announced the issuance of the approval of the Royal Highness on the regulation governing the mechanisms of municipal investment in its real estate to coincide with the contents of the Kingdom's vision ... Read more

North Jeddah's Al Jawhara suburb realizes quality of life and provides 7000 housing units

Al Jawhara District - Residential Projects

Reading time: 2 MinutesAl-Jawhara residential suburb in the north of Jeddah governorate continues its construction and construction work carried out by a number of qualified real estate developers within the partnership of the Ministry of Housing represented by the “Residential” program with the private sector, where the suburb includes three residential projects, as the average reservations in the projects hosted by the suburb reached about 50%. Al Jawhara suburb is one of the major projects implemented by the ministry, ... Read more

Itqan Real Estate concludes the 12th Al Rajhi estate liquidation auction with a sales value of half a billion riyals

Itqan Real Estate Auction

Reading time: < 1 MinuteWith total sales estimated at half a billion riyals, Itqan Real Estate Company concluded the twelfth public auction of the liquidation auctions of the estate of Sheikh Saleh bin Abdulaziz Al Rajhi, may God have mercy on him, and the auction witnessed a qualitative and dense attendance of businessmen and investors who enriched the competition amid intense bidding that reflected the desire to buy the strategic locations offered in the auction held yesterday, Monday, February 24 ... Read more

“SAMA strengthens its cooperation with government entities and utilizes the Tanfeeth program electronically

SAMA with a real estate finance implementation program

Reading time: < 1 MinuteThe Saudi Arabian Monetary Authority (SAMA) has strengthened its cooperation with government agencies by signing an electronic linkage agreement with the Capital Market Authority (CMA), which allows benefiting from the services of the “Tanfeeth” program aimed at directly linking the technical systems between the two entities and integrating them. (Real Estate Finance) The agreement aims to overcome the difficulties and obstacles that may face the joint work between the institution and government agencies. And keep pace with the size of ... Read more

The Municipality of the Holy Capital offers 153 investment opportunities at the Municipal Investment Forum“

Municipality of the Holy Capital - Opportunities Forum - Investment Projects

Reading time: < 1 MinuteThe Holy Capital Municipality is participating in the Municipal Investment Forum “Opportunities”, which is currently being held at the Riyadh International Exhibition and Convention Center and will continue until Wednesday, February 26, under the patronage of His Excellency Dr. Majid bin Abdullah Al-Qasabi, Minister of Municipal and Rural Affairs, who inaugurated the events this morning. (Through its participation, the Holy Capital Municipality is showcasing 153 opportunities ... Read more

Riyadh Municipality presents 7 major investment opportunities at the Municipal Investment Forum And 81 diverse opportunities

Riyadh Municipality - Investment Opportunities Forum

Reading time: < 1 MinuteHis Excellency the Minister of Municipal and Rural Affairs, Dr. Majid Al-Qasabi, inaugurated today morning the Municipal Investment Forum «Opportunities» organized by the Ministry at the Riyadh Exhibition and Convention Center from February 24 to 26, in which more than 5,000 municipal investment opportunities will be showcased. For its part, the Riyadh Municipality will present seven major investment opportunities at the forum, and the Municipality will highlight in its pavilion ... Read more

The strongest edition in years: Restatex Riyadh Real Estate Exhibition kicks off on April 13

Opening of Restatex 2019 - Real Estate Exhibition

Reading time: 2 MinutesWith the support and sponsorship of the Ministry of Housing, Restatex Riyadh Real Estate Exhibition 2020 will be held from April 13 to 16 at the Riyadh Exhibition and Convention Center. (Real Estate Exhibition) Ramtan Exhibitions and Conferences, the organizer of the exhibition, revealed that the bookings and all sponsorships, halls and exhibition pavilions have been completed on the entire area allocated to the exhibition. Ramtan confirmed the presence of huge and influential participants on ... Read more

AED 3.2 billion worth of real estate transactions in Dubai in a week

Dubai Real Estate - Dubai Real Estate Actions

Reading time: < 1 MinuteThe value of real estate transactions in the Dubai Land Department (DLD) during the week amounted to AED 3.2 billion. A total of 946 sales worth AED 1.6 billion were recorded, including 83 land sales worth AED 421 million and 863 sales of apartments and villas worth AED 1.200 million. The most important land sales worth AED 42 million came in the Sheikh Mohammed bin Rashid Gardens area. ... Read more

Municipal Investment Forum kicks off on Monday, showcasing 5000 investment opportunities

Municipal Projects - Investment Projects - Opportunities Forum

Reading time: < 1 MinuteTomorrow, Monday, February 24, the sessions of the Municipal Investment Forum and Exhibition “Opportunities” will kick off in its first edition, in which the participating secretariats will review more than 5000 investment opportunities, and the Ministry of Municipal and Rural Affairs, the organizer, has attracted 63 speakers at the forum, which will continue until February 26 at the Riyadh International Convention and Exhibition Center (Riyadh International Convention and Exhibition Center). (Investment projects) For his part, Undersecretary ... Read more