Month: May 2021

Reservations are now available Residential program launches the Sunset Jewel project in Riyadh

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Jewel of the Sunset Residential Projects

Reading time: < 1 MinuteThe “Sakani” program of the Ministry of Municipal and Rural Affairs and Housing launched the “Jewel of the Sunset” project in Al-Ghoroub neighborhood in Riyadh, to provide 70 residential apartments with various spaces and designs that meet all the needs of families, and “Sakani” made it possible to inspect the units and book them electronically through the “Sakani” website and application or by visiting the comprehensive Sakani Center in Riyadh, in continuation of the program's efforts to pump projects and deliver units ... Read more

Itqan Real Estate succeeds in selling the «Safwa Makkah» plan with a total value of more than SAR 567 million

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Safwa Makkah Scheme - Itqan

Reading time: < 1 MinuteItqan Real Estate continued its successes in offering investment opportunities through its real estate auctions in accordance with the health precautions and directives to limit the spread of the Coronavirus, as it managed to sell the «Safwa Makkah» plan by direct sale with a total value of more than SAR 567 million, and the plan is located in the heart of the Holy Capital, specifically in the King Fahd neighborhood on the fourth ring road, on an area estimated ... Read more

Faisal Al Ibrahim takes oath before the Custodian of the Two Holy Mosques as Minister of Economy and Planning

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Minister of Economy Faisal Ibrahimi

Reading time: < 1 MinuteHis Excellency Mr. Faisal bin Fadel bin Mohsen Al Ibrahim, Minister of Economy and Planning, took the oath before the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - today via video conference, following the issuance of the Royal Decree appointing him as Minister of Economy and Planning, saying (In the name of God the Merciful, the Compassionate, the Merciful). I swear by Almighty God to be faithful ... Read more

Minister of Justice directs lifting the suspension of a real estate deed based on an organizational plan approved by the competent authority

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Reading time: < 1 MinuteReal Estate - Sheikh Dr. Walid Al-Samaani, Minister of Justice and President of the Supreme Judicial Council, directed the lifting of the suspension of a real estate deed in Bahra Governorate, as it is based on an organizational plan approved by the competent authority. Based on the royal order to address ... Read more

The “Residential” program completes the launch of 223 plans that provide more than 180,000 lands

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Residential Program - Residential Properties - Land - Real Estate Finance

Reading time: < 1 MinuteThe “Sakani” program added 5 new residential plans through its electronic portal and smart phone application within the residential plans available for booking, bringing the total number of plans offered through “Sakani” to 223 plans with more than 180 thousand lands, and the program continues to offer more plans within the various housing options and solutions that are available for booking electronically with easy and easy procedures, calling on those wishing ... Read more

Ministry of Justice carries out 65,000 real estate transactions worth 3 billion riyals

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Ministry of Justice issues multi-party agency

Reading time: < 1 MinuteThe Ministry of Justice has recorded more than 65,000 real estate emptying operations since last February, while the value of the transactions amounted to about three billion riyals, and the ministry explained that the electronic real estate emptying service through the Najiz.sa portal enabled beneficiaries to sell and transfer the ownership of real estate of individuals and institutions completely without the need to visit notaries and banks to issue a certified check of the sale. The Ministry of Justice ... Read more

New residential mortgage contracts in the first quarter jump to SAR 48 billion

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International Monetary Authority - Real Estate Finance - Real Estate Finance - Insurance - Finance - Real Estate Finance - Residential - Project Finance - Real Estate Finance

Reading time: < 1 MinuteThe value of new residential mortgage contracts for individuals during March 2021 jumped to an unprecedented record of 17.5 billion riyals with an annual growth of 56%, and the number of contracts recorded 32,440 contracts with a growth of 37% compared to 23,640 contracts worth 11.2 billion riyals in March 2020. The monthly bulletin issued by the Saudi Central Bank “SAMA” indicated that the number of contracts ... Read more

18 billion riyals total real estate transactions in April ... and growth jumps to 332% compared

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Rental Properties - Real Estate - Real Estate - Real Estate Funds - Rental - Licensing -... Real Estate Deals - Real Estate Exchange

Reading time: < 1 MinuteReal Estate Index - According to press reports, the real estate market ended its activity during last April on a record annual increase of 331.7% compared to the same month last year, to settle at the end of the month at less than the level of 18.0 billion riyals, compared to about 4.2 billion riyals during April last year, and this record growth in the value of ... Read more

«Housing Program» helps abolish the concept of waiting for housing support and provides immediate entitlement to citizens

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Achievements of housing programs

Reading time: 2 MinutesThe Housing Program - one of the programs of the Kingdom's Vision 2030 - revealed that the program was able to eliminate the concept of waiting for housing support and provide immediate entitlement to citizens by providing financing solutions and various housing options, noting that it contributed to the benefit of more than 834,000 Saudi families, including more than 310,000 families who have lived in their homes. The program provided adequate housing for the most vulnerable families ... Read more

Al-Rasheed: The success of Itqan's auctions was linked to the confidence of investors and the excellence of the organization of the rare investment opportunity

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Abdulaziz Al-Rasheed- 93rd National Day

Reading time: < 1 MinuteAbdulaziz bin Fahad Al-Rasheed, Chairman of Itqan Real Estate Company, revealed that the secret of the success of the auctions organized by the company lies in the confidence of customers in the distinctive properties offered by Itqan, which provide investment opportunities with economic value. Al-Rasheed made this statement following the completion of the sale of Bilal Central Market, which is located on a total area of (12,760) ... Read more

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