Month: June 2020

SANY Ameriya allocates 200 housing units to national heroes

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Sunset Hills Jeddah Residential Unit

Reading time: < 1 MinuteSANY Al Ameriya has announced the allocation of 200 housing units from the Sunset Hills project in Jeddah and the Townhouse in Dammam for the benefit of the heroes of the southern border and the families of martyrs, as well as medical and health personnel participating in reducing the country's crises, at cost price in honor and gratitude for their sacrifices for the sake of the homeland and the citizen. For his part, Bandar bin Mohammed Al Ameri, Director General of ... Read more

State Real Estate Authority uses old aerial photographs to review title deed applications

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Public Authority for State Properties - «Lease System» contracts»

Reading time: 2 MinutesThe State Real Estate Authority (SRA) will consider applications for title deeds and will use old aerial photographs showing the legal revival recorded in several stages, while all applications for title deeds that have not been issued a final judgment will be decided and transferred to the archives, including preliminary judgments, according to ... Read more

Ministry of Justice: Resumption of enforcement auctions subject to crowd control regulations

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Al Saeed Jeddah 22 Auction - Auctions

Reading time: < 1 MinuteThe Ministry of Justice issued a circular to all competent courts and departments to resume enforcement auctions, taking into account the regulation of limiting gatherings and directing selling agents to abide by the preventive measures and procedures issued by the competent authorities, and notified all enforcement courts and departments. This was based on the decision of the President of the Supreme Judicial Council to resume the issuance of judicial decisions related to the compulsory measures stipulated ... Read more

Enforcement Center adopts Thiqa's e-auction platform as a sales channel

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- Real Estate - Isnaad Center - Real Estate Auctions

Reading time: < 1 MinuteThe Enforcement and Liquidation Center (Enforcement) and Thiqa Business Services signed an agreement to adopt Thiqa's online auction platform as an approved sales channel for the selling agents to whom the Center assigns liquidation projects. The agreement was signed remotely by Mr. Turki bin Khalid Al Khulaif and Mr. Ayman bin Abdullah Al Falaj, CEO of Thiqa Business Services. ... Read more

Minister of Finance issues a directive to reduce the value of real estate leases for government entities by no less than 20%

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Ministry of Finance - Kingdom Budget - Renting Real Estate

Reading time: < 1 MinuteThe Minister of Finance issued a directive to reduce the value of government real estate leases by no less than 20%, and the circular, of which Amlak Real Estate Newspaper received a copy, indicated that current contracts should not be renewed until after the reduction, based on the recommendation submitted by the General Authority for State Properties to reduce the value of government real estate leases, as the Authority reviewed the current contracts ... Read more

Full reservation of residential units in “Nassaj Town” residential project in Dammam through the first phase

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Residential mortgage financing for individuals

Reading time: 2 MinutesThe residential project “Nassaj Town” located in Al Waha suburb of Dammam has completed its first phase bookings with a sales rate of 100%, while the completion and implementation rate reached about 95%, as the project provides 674 residential units in three different models, on an area of more than 190 thousand square meters, with unit prices starting from 530 thousand SAR, in addition to sites dedicated to a number of facilities ... Read more

Saudi Telecom Company stc announces 50% forgiveness of old billing debts

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logo-telecom-billing-stc-new-1

Reading time: < 1 Minuteأطلقت شركة الاتصالات السعودية stc  مبادرة لتيسير دفع مديونيات الفواتير القديمة التي أصدرت قبل عام 2017 م، وتشمل تقديم خصومات على قيمة الفواتير بنسبة تصل إلى%50 ، مما سيمكن العملاء أصحاب المديونيات السابقة من حل إشكالية مديونياتهم بكل يسر وسهولة. وقالت الشركة أنها خصصت فريق للتواصل مع العملاء ومعالجة المديونيات للعملاء المتعثرين، حيث أنشأت لأجل … Read more

Jadwa Investment reports that Saudi Arabia's housing rents are declining as housing supply increases

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Social Development Bank

Reading time: < 1 MinuteStatistics and future expectations of Jadwa Investment Company indicate that housing rents will decrease in the Kingdom, and reports issued by the company attributed this to the state's encouragement of ownership through the multiple housing projects that the “Residential Program” is working on, which has about 44% left of the total targeted 100 thousand housing units, which are supposed to be implemented during 2020. Pressing ... Read more

Despite the coronavirus pandemic Demand in the cement sector increased by 11% in the first five months of 2020

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Building materials

Reading time: < 1 MinuteAccording to Al Rajhi Financial, the demand volume of the cement sector in the Kingdom saw an increase of 11% during the first five months of 2020, compared to the same period last year, despite the coronavirus lockdown, and with the addition of the current June estimates, the growth is 10%. (Building Materials) Al Rajhi Financial added that Qassim Cement and Yanbu Cement ... Read more

“Residential” program launches “Asdaf Al Khobar” project which offers 115 villas under construction

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News Shells Projects

Reading time: < 1 MinuteThe Ministry of Housing's “Sakani” program launched a new residential project under construction in the city of Khobar, within the ministry's projects in partnership with the private sector, providing 115 housing units of villa type, calling on Saudi families wishing to benefit from the project to visit the “Sakani” website and application to view the details of the units and book them electronically. Sakani explained that the project is located in Khobar's ... Read more

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