Month: December 2021

Four major global tourism landmarks in Jeddah's Central Jeddah Plan. 75 billion riyals worth of investments

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Jeddah Center Plan

Reading time: 2 MinutesWith an investment value of 75 billion riyals, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Chairman of the Public Investment Fund, unveiled the master plan and key features of the Jeddah Central Project, covering an area of 5.7 million square meters, funded by the Public Investment Fund and investors from within and outside Saudi Arabia, as part of … Read more

White Land Program begins implementing the second phase in 140 residential neighborhoods in Riyadh

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Real Estate Index - Riyadh City

Reading time: 2 MinutesThe White Land Program announced the implementation of the second phase of fees in 140 residential neighborhoods in the city of Riyadh, in accordance with the approved map and scope, following the completion of all necessary regulatory procedures. and in accordance with the results of demographic and economic studies conducted by the program in cooperation with relevant authorities to target developed land owned by one or more owners with an area of 10,000 square meters or more, or … Read more

Qiddiya signs SAR 3.75 billion contract for Six Flags theme park

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Six-Flags Qiddiya

Reading time: < 1 MinuteAl-Qiddiya Investment Company has signed a contract worth 3.75 billion Saudi riyals with the French company BBI (Boig Batimon International) to build the Six Flags Al-Qiddiya theme park on a 320,000-square-meter site. It will feature 28 rides and entertainment attractions, including 10 rides for adults and 18 rides for families and children, making it one of the main attractions in the city of Riyadh. According to the plans, Al-Qiddiya will be … Read more

The International Conference on Operations and Maintenance will kick off in Riyadh on January 17

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Maintenance conference

Reading time: < 1 MinuteUnder the patronage of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, Exicon International Group is organizing the 19th International Conference on Operations and Maintenance in the Arab World, from January 17–19, 2022, at the Movenpick Hotel in Riyadh, under the theme: “Digital Transformation and the Future of Maintenance Management.” The conference, which will be held both in-person and virtually, will feature workshops addressing more… Read more

Amlak Articles Ahmed Al-Harbi writes in Viewpoints: The real estate ladder is your way to own the home of a lifetime!

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Articles by Ahmed Alharbi

Reading time: 2 MinutesAt many gatherings, I’m always asked the same question over and over again: “I want to buy a house, but the bank hasn’t approved my loan…” And when I look at the man asking the question, he’s middle-aged, just starting a family, with two or three children, and an average income of between 12,000 and 18,000 riyals. Investing to own a home for life… Read more

During the Budget Forum: “Municipal Affairs and Housing” to allocate four municipal services to cities and increase investment opportunities

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Ministry of Municipal and Rural Affairs and Housing

Reading time: < 1 MinuteThe Minister of Municipal, Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail, announced plans to allocate four municipal services in cities over the coming year, 2022, to provide 157 investment opportunities, in addition to 18,000 investment opportunities available on the municipal investment platform «Furs,» noting that the active partnership with 70 real estate developers in the private sector has resulted in the injection of 150 … Read more

Real Estate Articles Sami Abdulaziz writes in real estate terms: Smart Buildings «2»

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Sami Abdulaziz Smart Buildings 2

Reading time: < 1 MinuteIn our previous article, we reviewed many of the features and operational methods of smart buildings—whether residential, commercial, or administrative—and we explored together how artificial intelligence has become a necessity, as it can help save energy and improve building management and operations. Today, we’ll highlight some additional facts. The first of these is that the intelligence in question refers to the intelligence of the devices within the building, not the intelligence of… Read more

The Diriyah Gateway Development Authority Announces the Start of Expropriation Procedures for Properties in the Al-Faisaliyah Neighborhood

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Diriyah

Reading time: < 1 MinuteThe Diriyah Gate Development Authority announced the commencement of procedures to expropriate real estate located in the northern part of Diriyah Province (Al-Faisaliyah District) in accordance with applicable legal procedures, The Authority has called on individuals who own properties within the area indicated on the map to promptly submit the necessary documents before 05/06/1443 AH, corresponding to 01/08/2022, by visiting the website: or by contacting the service center … Read more

Majid Al Haqeel: Saudi Arabia's real estate finance system has reached maturity, serving more than 700,000 people

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Al-Haqeel at the Budget Forum

Reading time: < 1 MinuteMajed Al-Hogail, Minister of Municipal, Rural Affairs and Housing, revealed that the mortgage system in Saudi Arabia has reached maturity, noting that it serves more than 700,000 people. During his participation in the 2022 Budget Forum last Monday, Al-Hogail explained that the maturity of the financing system has also resulted in greater financing efficiency, noting that the financing ratio was 7.61% in 2019, and currently stands at 4.51% … Read more

Al-Ghafis Real Estate Group is offering 8 properties at the «Durrat Al-Asima» auction»

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Al-Ghafis Group

Reading time: < 1 MinuteUnder the supervision of the Enforcement and Liquidation Center (Enfaaz) and by decision of the Executive Committee, Al-Ghafis Real Estate Group is offering a number of distinctive, income-generating properties in Riyadh at the «Durrat Al-Asima,» which will be held on Tuesday, December 21, at the Lailati Hall for Banquets and Conferences in the Shubra district. Al-Ghafis clarified that the auction includes eight diverse properties in the city of Riyadh, as follows: The property … Read more

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