Month: March 2021

Roof decks and family seating areas help divide spaces, and the arrangement of furniture adds an aesthetic touch

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Seating Decor

Reading time: 3 MinutesDecor – Green spaces are the lungs of a home, and not having a backyard or enough space to create the garden of your dreams with plenty of privacy. The idea of turning your rooftop into a garden is one of the easiest and most beautiful ideas you can implement. Aside from organizing family gatherings there and designing and landscaping the garden, it requires research and understanding of what suits the climate of your city and … Read more

Salem bin Abdullah Al-Mari: The Private Sector Is a Strategic Partner and an Active Contributor to Real Estate Development

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Abdullah Al-Mari - Real Estate Market - Survey

Reading time: < 1 MinuteSalem bin Abdullah Al-Mari, CEO of Al-Tafra Real Estate Company, affirmed that the private sector is a strategic partner and an active contributor to the development process and the real estate sector, and that it holds a significant share of assets that have grown rapidly in recent years. The presence of companies with a long history of experience and practice in the real estate market spanning decades—and with the support of the vision and amendments to … Read more

Saudi Refinance Company (SRC) issues 4 billion sukuk backed by government guarantees to boost housing finance liquidity

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Reading time: 2 MinutesThe issuance is part of the “Saudi Real Estate Refinancing Company Sukuk” program worth 10 billion riyals. The Saudi Real Estate Refinancing Company (SRC) —owned by the Public Investment Fund—announced the successful completion of a sukuk issuance in two tranches totaling 4 billion Saudi riyals. The company explained in a press release today that the issuance is part of the “Saudi Real Estate Refinancing Company Sukuk” program … Read more

United Marketers offers commercial land for sale in Medina

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United Marketers Real Estate Sale

Reading time: < 1 MinuteReal Estate for Sale – United Marketers has completed preparations to sell a commercial lot in Madinah on Salah al-Din al-Ayyubi Street. The lot is zoned for a wedding and events venue, though the zoning can be changed upon request. The lot features the following specifications: - Area: 1,832 square meters. Easy access to the site. Located on major thoroughfares. Population density of neighboring neighborhoods

A survey of 52 countries, including Saudi Arabia Women leaders in Saudi Arabia are ready for growth

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Survey - Women Leaders in Business

Reading time: 2 MinutesRiyadh – Ehab Wahba Makki: KPMG Saudi Arabia, a firm specializing in audit, tax, and advisory services, published a report titled “Women Leaders’ Insights 2020,” the first of its kind in Saudi Arabia. The report included a survey of 675 female business and corporate leaders from 52 countries, including 25 female leaders in Saudi Arabia. … Read more

Abdulaziz Al-Essi writes: The hopes of the real estate market

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Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Reading time: < 1 MinuteReal Estate – The Ministry of Justice has taken a significant step toward establishing transparency in the real estate market by launching the Digital Real Estate Exchange, which will enhance transparency and curb speculation, protect prices from inflation—thereby leading to fair pricing—by facilitating the trading of real estate ownership through an accredited exchange that ensures the accuracy of information, the reliability of the instruments traded, and the speed of transactions. The decision has… Read more

«Itqan Real Estate» Organizes Its First Public Auction via Live Satellite and Digital Broadcast

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Atqan - Real Estate Auction

Reading time: < 1 MinuteReal Estate Auction – Itqan Real Estate announced the launch of the Kingdom’s first public auction via live satellite and digital broadcast (remotely) to market four investment properties in Riyadh and Jeddah, in light of the pandemic and in compliance with social distancing measures. This initiative aims to develop and promote the use of flexible alternatives for conducting auctions during a period of heightened precautionary measures to combat … Read more

Guidance Issued Stating That Sukuk on Approved Plans Should Not Be Suspended or Canceled

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Real Estate Sukuk - Real Estate

Reading time: < 1 MinuteReal Estate – Minister of Justice Dr. Walid Al-Samaani announced the issuance of a directive prohibiting the suspension or cancellation of any deed based on an approved zoning plan, in order to enhance the reliability of such deeds. Al-Samaani explained that this directive «aims to enhance the reliability of deeds and stipulates that any real estate deed based on an approved zoning plan shall not be suspended or revoked, and that the party responsible for this error will be held accountable… Read more

Sami Al Asiri: Creating a new real estate boom in line with the vision

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Sector - Investment - Sami Al Asiri

Reading time: 2 MinutesSami Al-Asiri, CEO of Saudi Nazl Real Estate Company, emphasized that the strong partnership forged by the Ministry of Municipal and Rural Affairs and Housing with the private sector through the “Sakani” program and the development of clear strategies aligned with Vision 2030, has led to mutual success between the private sector and the Ministry of Housing. The number of housing units is multiplying, Al-Asiri noted in an interview with the newspaper … Read more

Abdulaziz Al Awwad: The real estate sector is poised for a qualitative leap with distinct and advanced mechanisms

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Real Estate - Al Awwad

Reading time: 2 MinutesThe national programs that have been launched have achieved significant goals in all aspects of life in the Kingdom, and the real estate sector was no exception; the government has enacted numerous laws regulating the sector, thereby stimulating domestic and foreign investment to align with the goals and aspirations of Saudi Vision 2030. In the same vein, the private sector is playing major roles in implementing these programs to enhance real estate wealth and develop a market that provides adequate supply … Read more

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