Month: November 2021

With an area of 2.3 million m2, “White Lands” announces the registration of 4 lands in Riyadh and Dammam and the imposition of fees on them retroactively

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White land

Reading time: 2 MinutesThe White Land Program announced that it has registered four plots of land in the city of Riyadh and the city of Dammam, with a total area of 2.3 million square meters, after noting that they had not been registered in the system during the first phase, which covers undeveloped “raw” land with an area of 10,000 square meters or more, located within the announced scope in the cities where the system has been implemented. The program explained in a press release, … Read more

“Bank Al Jazira and Refinance Mortgage sign an agreement to purchase a real estate portfolio worth SAR 300 million

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Saudi Reinsurance Company

Reading time: < 1 MinuteThe Saudi Real Estate Refinancing Company (SRC)—wholly owned by the Public Investment Fund—announced the signing of a joint cooperation agreement with Al-Jazira Bank to purchase a mortgage portfolio belonging to the bank valued at over 300 million riyals, in the presence of His Excellency the Minister of Municipal, Rural Affairs, and Housing and Chairman of the Board of Directors of the Saudi Real Estate Refinance Company, Mr. Majid bin Abdullah Al-Hogail. The agreement comes as an extension … Read more

Between Riyadh and Jeddah...Report reveals: Apartment prices are rising at the fastest pace in five years

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Reading time: 3 Minutesيواصل السوق السكني في المملكة العربية السعودية توسعه بمعدل سريع، كما يتضح من التسارع القوي المستمر في الأسعار، وفقا لآخر تحاليل شركة الاستشارات العقارية، نايت فرانك. الرياض وجدة وتسلط تحاليل نايت فرانك الضوء على أن الرياض وجدة شهدتا تسارعا في قيم الشقق بنسبة %17 و%12 على التوالي، على مدى الأشهر الـ12 الماضية، وهي أسرع وتيرة … Read more

“Common Deed” is a new method of fraud and deception and a lawyer explains how to ensure your rights in it (video)

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Reading time: < 1 MinuteAttorney Hussein Al-Anqari explained that joint ownership deeds have become a widespread phenomenon these days, giving rise to numerous disputes, noting that they have both advantages and disadvantages. During his interview on Al-Ikhbariya TV today (Wednesday), he noted that a joint deed specifies the area but not the specific location, and that the entire area of the deed is shared by a large group, and it is known that it has a share of … Read more

With an area of more than one million square meters. “Tasawi signs an agreement to develop industrial lands in Dhahran City

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Equal company

Reading time: 2 Minutes“Tsawee” has signed an agreement to develop infrastructure for industrial projects in the Saudi city of Dhahran, and “Tsaawi” will prepare the preliminary and final studies for the projects and develop a comprehensive professional strategy for the various stages of the project’s development. The projects that Tsaawi is developing are located in the Saudi city of Dhahran, the beating heart and main hub of the global oil industry. Tsawei will be responsible for developing the comprehensive infrastructure and delivering services from the relevant authorities… Read more

The Real Estate Development Fund offers 4 important tips to avoid delays in the monthly subsidy

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Real estate fund

Reading time: < 1 MinuteThe Real Estate Development Fund emphasized that compliance is the most important way to ensure the continued receipt of monthly subsidies.The Fund added via its Twitter account that ensuring the disbursement of support depends on compliance, offering four tips to avoid delays in the monthly support payments.These tips are as follows: 1. Pay installments in full. 2. Partial payment does not entitle the beneficiary to subsidies. 3. Make regular, uninterrupted monthly payments in … Read more

Sami Abdelaziz writes in his real estate jargon column about: suspended ceilings

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Sami Abdulaziz

Reading time: < 1 MinuteSuspended ceilings are one of the most important architectural tools used to fill spaces, and they are considered the ideal solution for architects to address design challenges such as concealing essential building components like central air conditioning and fire sprinkler systems. The use of suspended ceilings becomes a necessity in offices and hospitals to conceal numerous connections and facilitate the installation of additional connections over time; in residential spaces, however, the functions of suspended ceilings are further enhanced… Read more

“Rakeez Real Estate puts Dana Al Khobar project up for auction Wednesday, November 10

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Dana Al Khobar Project

Reading time: < 1 MinuteRakaz Real Estate announced that it will offer the “Dana Al-Khobar” project for sale at a public auction on Wednesday, November 10, 2021, under the supervision of the Real Estate Contributions Committee (Tasfiya). The company has set Sunday, November 7, 2021, as the deadline for registering for the auction and requires the submission of a certified check made out to the Real Estate Contributions Committee in the amount of one million riyals, to be delivered to the “Rakaz Real Estate” office in … Read more

Eastern Province Municipality approves 19 plans since the beginning of this year

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Eastern region

Reading time: < 1 MinuteThe total number of approved plans in the Eastern Province since the beginning of 2021 is approximately 19, 12 of which are in the city of Dammam, 6 in Al-Khobar Governorate, and one in Al-Ula Governorate, indicating that the total area of the plans reached 12,183,185.7 square meters. The Eastern Province Municipality clarified that the applications overseen by the General Directorate of Urban Planning at the Municipality are recording … Read more

amounting to 10.34 billion riyals. The growth of consumer spending through POS in Saudi Arabia in a week

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Reading time: < 1 MinuteConsumer spending at points of sale in Saudi Arabia during the week ending October 29 grew by 29 percent compared to the previous week ending October 23. Consumer spending during the week ending October 29 reached approximately 10.34 billion riyals, compared to approximately 8.02 billion riyals for the previous week, a difference of 2.3 billion riyals. According to monitoring … Read more

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