Month: September 2020

Measurement House Valuation releases report on the impact of the precautionary return on real estate transactions for the second quarter of 2020 in Saudi Arabia

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Measurement House 2

Reading time: < 1 MinuteThe real estate sector saw a significant decline in the number of transactions in the first quarter of 2020 due to the impact of COVID-19 (COVID-19), but then rebounded at the end of the second quarter of the year. Here is an overview of the real estate market and real estate transactions during the second quarter of 2020

Under the patronage and in the presence of the Minister of Housing, the “Samba” Financial Group handed over 100 housing units to the most needy families

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Samba 100 Villa - Mortgage Financing 2

Reading time: < 1 MinuteHousing Finance – Majid bin Abdullah Al-Hogail, Minister of Housing and Acting Minister of Municipal and Rural Affairs, presided over a ceremony to hand over 100 fully furnished housing units to families in greatest need. provided by Samba Financial Group in partnership with the Ministry of Housing’s “Developmental Housing” program. The ceremony was attended by the Governor of the Saudi Arabian Monetary Authority, Dr. Ahmed bin Abdulkarim Al-Khalifi, along with leaders of Samba Financial Group, represented by … Read more

Dar Al-Qiyas Real Estate is offering a selection of properties in Riyadh

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Real Estate Auction - Dar Al-Qiyas

Reading time: < 1 MinuteReal Estate Auction – Dar Al-Qiyas Real Estate is offering a distinctive selection of diverse properties for sale in Riyadh during a public auction to be held on Tuesday, September 15, at 4:00 p.m. at Al-Asayel Banquet Hall. The auction includes a number of residential buildings, warehouses, and commercialand residential plots of various sizes. For more details, click here or on the image

The State Real Estate Authority Issues a Decision to Establish the General Secretariat for Committees Reviewing Applications for Home Ownership

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

Reading time: 2 MinutesReal Estate – Ihsan Bafqih, Governor of the General Authority for State Real Estate, issued a decision establishing the General Secretariat for Committees Reviewing Ownership Applications. The decision included the appointment of Legal Advisor Fahd bin Ali Al-Yahya as its Secretary-General. Bafqih said: The committee was formed under the authority of the General Authority and includes representatives from the Ministries of Interior, Justice, Environment, Water and Agriculture, Municipal and Rural Affairs, and Finance, and aims to promote … Read more

The Saudi Commission for Certified Valuers organizes the “Professional Forum in Real Estate Valuation” after Wednesday

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Professional Real Estate Valuation Forum

Reading time: < 1 MinuteReal Estate Valuation – With specialized media coverage provided by Amlak Real Estate Newspaper, the Saudi Authority for Certified Valuers ”Taqeem” the organization of the Professional Forum on Real Estate Valuation, remotely via the Zoom platform, at 1:00 p.m. on Wednesday, September 16, 2020. The forum will review the most significant developments in the real estate appraisal sector and the 2020 international appraisal standards. … Read more

More than 3,000 residential land contracts were issued to beneficiaries of a housing program last August

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Reading time: 2 MinutesIn line with the objectives of the housing program and in accordance with the Kingdom’s Vision 2030, the “Sakani” program announced the issuance of 3,271 contracts for residential land plots to program beneficiaries last August, as part of its diverse options to facilitate home ownership for Saudi families and raise the ownership rate to 70%. This follows previous deliveries to citizens benefiting from housing support in various regions of the Kingdom. Contracts … Read more

«Alkhabeer REIT joins the FTSE Ibra Nareit Global Real Estate Index»

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Alkhabeer REIT - Real Estate

Reading time: < 1 MinuteReal Estate Fund – Al-Khabir Financial announced that the «Al-Khabir REIT» will be included in the «FTSE Ibra Narit Global Real Estate Index» effective Monday, September 21, 2020. This announcement comes from FTSE Russell following its quarterly review of the constituents of the FTSE Ibra Narit Global Real Estate Index. The FTSE Ibra Narit Global Real Estate Index is an internationally recognized real estate investment index, … Read more

Riyad Bank offers SAR 15 million in “guaranteed financing” to SMEs

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Riyad Bank - Off-plan Selling - Real Estate Finance

Reading time: < 1 MinuteRiyad Bank has announced the launch of its secured financing program, which provides small and medium-sized enterprises (SMEs) and micro-enterprises with financing of up to 15 million riyals to cover all of their business needs. Riyad Bank highlighted the financing benefits, which include up to 15 million riyals, a 4% financing cost inclusive of all fees, no requirement for collateral, and flexible repayment terms, in accordance with the provisions of … Read more

“SAMA requires banks and finance companies to account for all prices of financing and savings products

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SAMA Saudi Central Bank - Bank Profits

Reading time: < 1 MinuteThe Saudi Arabian Monetary Authority (SAMA) has required all banks and finance companies to list all prices for financing and savings products offered by the bank or finance company on a single page under an icon labeled “Prices of Financing and Savings Products“ on the homepage of the bank’s or company’s website, to make them easily accessible to consumers. SAMA noted that the rules for disclosing product prices … Read more

330,000 subsidized mortgages from the start of the transition through the end of August 2020

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Subsidized mortgage loan

Reading time: < 1 MinuteThe Real Estate Development Fund revealed that the number of mortgage contracts supported by the Fund from the start of the transition through the end of August 2020 exceeded 330,000 loans provided to beneficiaries “Sakani” program by the Ministry of Housing and the Real Estate Development Fund, in partnership with all banks and financial institutions, ranging from self-construction to the purchase of ready-to-move-in or under-construction housing units. In addition, the Real Estate Development Fund signed … Read more

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