Month: March 2020

Abdulmohsen Al-Qasim writes: My reading of the Corona crisis ... Real estate is a safe haven for investment and saving money

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Property - Abdulmohsen Alqasim

Reading time: 2 Minutes It has been proven that all countries, no matter how powerful and advanced in medicine and science, are weak before the power of God Almighty. They all fell with a virus that is not visible to the eye and could not fight it, let alone if the calamity is greater, God forbid. (Real estate) Real estate has proven and continues to withstand one crisis after another; it is a safe haven for investment and preservation of funds. The most important point Countries that ... Read more

Abdullah al-Zeer: The real estate market is a continuous need that does not end with the temporary coronavirus pandemic. Happy are those who learn from others

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The real estate market. Abdullah Al-Zeer

Reading time: 2 MinutesBusinessman Abdullah Al-Zeer started his conversation with «Amlak Newspaper» about the package of measures adopted by the Kingdom's government to fight the Coronavirus and limit its spread, stressing the need to adhere to them in order to avoid what happened in neighboring countries, and emphasized at the same time ... Read more

According to a report by the Knight Frank Center for Gulf Studies Saudi and UAE support package for companies strengthens the real estate market

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Property

Reading time: 2 MinutesA recent report issued by the Knight Frank Center for Gulf Studies (Knight Frank) on the impact of the emerging coronavirus epidemic on the real estate market in Saudi Arabia and the United Arab Emirates in 2020, revealed a package of measures taken by the two countries to mitigate the economic effects on companies and institutions, in various fields, especially the real estate and investment sector. 100 billion dirhams from the UAE government ... Read more

Abdulaziz Al-Mousa: Real estate companies have developed their strategy to face the crisis. Real estate prices will not rise much after the end of the coronavirus pandemic«

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Real Estate Prices - Abdul Arir Almoosa

Reading time: 3 MinutesThe size of fears and economic losses depends on how long it takes to control the virus: Abdullah Al-Salih Despite the state taking a number of precautionary measures to limit the spread of the global coronavirus; by canceling all events and conferences that require human gatherings, the speed and ease of transmission of the infection extended until the competent authorities decided to decide a partial curfew, preceded by the suspension of ... Read more

The pandemic has triggered a force majeure clause in bookings Coronavirus has disrupted movement and collapsed rental prices for apartments, hotels and chalets

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Economic downsizing - Corona Apartments & Hotels

Reading time: 3 MinutesThe suspension of flights between countries dropped the hospitality sector in the «Corona test» The spread of the Corona virus has cast many shadows on the movement of the economic sector, and paralyzed the service sectors, appreciating in all cases that human health is above all interests and gains, and economic reports indicated that the hotel and furnished apartments sector has lost many of its customers, especially when the Union announced ... Read more

During a working week. «Residential» serves 36031 citizens through its digital channels

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Real estate financing - financing - free land - residential schemes - housing schemes - housing finance - real estate financing - residential land

Reading time: < 1 MinuteThe «Sakani» program of the Ministry of Housing confirmed that it continues to serve families wishing to benefit from its various solutions and options around the clock, through its interactive digital platforms, recording the service of 36,031 citizens through the «Sakani» website and application, the beneficiary care center, and the beneficiary care account on Twitter during one working week in conjunction with the health precautions announced ... Read more

Mr. Abdulaziz Al-Issa writes Corona trillions

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Reading time: 2 MinutesAmlak was one of the first to warn of the «Corona» pandemic that invaded the world due to the behavior of the virus and its effects, as it caused serious human and material losses and invaded the whole world and the most important reasons for its spread are the natural movement of humans through travel and mixing with others, and there are countries that did not take Corona seriously and fell into a severe medical crisis and began forcibly quarantining and markets began ... Read more

Minister of Justice directs the launch of an electronic real estate transfer service

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Minister of Justice - Suspension of Services - Real Estate - Real Estate

Reading time: 2 MinutesDr. Walid bin Mohammed Al-Samaani, Minister of Justice, directed the launch of the first phase of the electronic real estate transfer service, by activating the sale and purchase in a fully electronic process, for properties whose area does not exceed 2,500 square meters. This comes as part of the (remote justice) initiative, which is in line with the precautionary measures to limit the spread of the Coronavirus, as the emptying process is carried out according to ... Read more

The precautionary measures did not affect the work of the Riyadh Chamber More than 5000 electronic certifications during the day

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Ajlan Al-Ajlan - Riyadh Chamber

Reading time: < 1 MinuteRiyadh Chamber Chairman Ajlan Al-Ajlan assured that the precautionary suspension of business in the Riyadh Chamber, due to the Corona pandemic, did not affect the flow of subscriber services due to the completion of the electronic services system; where more than 5000 certificates were executed during the first day. Ajlan pointed out that the Chamber's employees are fully prepared to overcome any obstacles, as a task force was formed ... Read more

Riyad Bank dedicates 40 branches to provide services not available through digital channels

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Riyad Bank - Off-plan Selling - Real Estate Finance

Reading time: < 1 MinuteIn support of the efforts and health measures taken in the Kingdom to combat the spread of the new Coronavirus, and as a precautionary measure to prevent it, Riyad Bank announced the allocation of (40) branches in various main regions of the Kingdom to provide necessary services that are not available through digital channels, during the coming period, starting from March 16, 2020 until further notice. The bank explained that if customers wish to ... Read more

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