Month: January 2022

Amlak Articles... Editor-in-Chief Abdulaziz Al-Essa writes: Real Estate Development New Thought

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Abdulaziz Al-Issa: Real Estate Finance

Reading time: < 1 MinuteThe real estate sector has witnessed many transformations that led to the creation of a new market governed by laws and regulations that work to correct the distortions and protrusions that sprout in the sector and hinder reform and correction. With a sound and strategic understanding of the economics of the future, we find that the compass of real estate development is heading towards large and qualitative projects that the owners and partners are proud of and boast of as they include them in ... Read more

With a million square feet... And innovative designs... “Itqan Real Estate starts marketing the ”Jewel of Abhar“ plan in Jeddah

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Jeddah Jewel

Reading time: < 1 MinuteItqan Real Estate Company has completed all preparations to start marketing the "Jewel of Abhar" plan, located in Abhar North in Jeddah on a total area estimated at one million square meters, with distinctive designs and varying areas that will be sold by public auction, as it represents an investment opportunity for investors in Jeddah, the bride of the Mussafahs and the gateway to the Two Holy Mosques, which represents an investment opportunity for the hopes of investors in the city of Jeddah, the bride of the Mussafahs and the gateway to the Two Holy Mosques. The company's Chairman of the Board of Directors, Mr. ... Read more

A gem with high investment value Hawiyah Auctions Company auctioned the land of Al-Matinat in Buraydah

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Identity Auction

Reading time: < 1 MinuteHawiya Auction Company has announced that it is organizing a public auction for the sale of raw land in Al-Matinat, north of Buraidah, with an area of more than two million square meters, on Wednesday, 9/2/2022. The land is characterized by its proximity to the two largest axes of the main roads; King Abdullah Road and Umm Al-Mu'mininin Aisha Road, and directly overlooks the northern ring about 3 km long, which is part of the ... Read more

Real estate price index rises by 0.9 %

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GASTAT launches economic data platform

Reading time: < 1 MinuteA report issued by the General Authority for Statistics showed an increase in the real estate price index in the Kingdom by 0.9 % during the fourth quarter of 2021, influenced by the rise in residential real estate prices by 1.7 %. The report explained that the decline in commercial real estate prices by 0.7 % and agricultural prices by 0.2 % contributed to reducing the rate of increase in the general index, and according to the results, the rise in ... Read more

The Saudi Design Festival is a creative and inspirational event that draws beauty with professionalism

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Saudi Design Festival

Reading time: < 1 MinuteThe first edition of the Saudi Design Festival, which is currently taking place at Jax in Diriyah from January 9-29, has been launched by the Architecture and Design Authority (ADA). The first edition brings together prominent figures, designers and leaders from various business sectors to celebrate design excellence in the Kingdom by participating in events and enriching discussions on issues related to this vital sector ... Read more

Future of Real Estate Forum completes preparations to discuss 10 vital topics in the sector

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Future of Real Estate Forum

Reading time: < 1 MinuteThe parties participating in the Future of Real Estate Forum have completed their preparations to present their projects and creative and investment ideas to experts and specialists, during the period from February 22 to 24, at the Four Seasons Hotel in Riyadh, amid great anticipation in light of the developments and qualitative shifts witnessed by the sector and the approval of the Council of Ministers on the comprehensive strategy for the real estate sector, in December 2020. The forum, which kicks off ... Read more

Residential program aims to empower 180,000 new families with housing options in 2022

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Mersiya View - North Riyadh - Residential Projects

Reading time: < 1 MinuteThe Residential Program revealed its targets for the current year 2022, enabling 180,000 new families to benefit from the various “Residential” options and solutions, including 130,000 families who live in their homes during 2022, and providing more than 100,000 subsidized real estate loans, as an extension of the maturity of the effective partnership with the private sector The targets of Sakani in 2022 During the Sakani 2022 forum, the Undersecretary of the Ministry of ... Read more

Bank Albilad, Alinma and Bedaya are partners in the “E-Finance” service”

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Steps to apply for the Residential Program

Reading time: < 1 MinuteThe “Sakani” program concluded 3 agreements to provide “e-finance” service through the “Sakani” application and website, without the need to visit the branches, and the agreements included Bank Albilad, represented by the General Manager of the Branch Network, Fahad Al-Hanaya, Al-Inmaa Bank, represented by the General Manager of Branch Banking, Abdulrahman Al-Nasser, and Bedaya Finance Company, signed by the company's CEO, Mazen Al-Ghunaim, and signed by the company's CEO, Mazen Al-Ghunaim. The agreements aim to facilitate the ownership of Saudi families ... Read more

Kuwait Federation of Real Estate Brokers calls for modernizing the sector's laws

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Real Estate in Kuwait

Reading time: < 1 MinuteThe Kuwaiti Federation of Real Estate Brokers intends to submit a proposal to amend the regulation of practicing the profession of real estate brokerage, for which a ministerial decision was issued in 2020, and informed sources indicated that the real estate market needs a complete rewrite of all laws and decisions related to it, and needs to be updated to keep pace with the requirements of the times; The Federation called on the concerned authorities to coordinate with specialists to review all laws. Sources confirmed ... Read more

Dubai real estate transactions curve jumps to 61,241 thousand transactions worth more than 151 billion dirhams

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Dubai Real Estate - Dubai Real Estate Actions

Reading time: < 1 MinuteThe real estate deals curve in Dubai is rising again, as the number of real estate deals jumped to 61.241 thousand deals, surpassing all figures prior to 2013, according to Property Finder, while the value of deals reached about 151.07 billion dirhams, the highest number achieved since 2009, the value jumped by 110.19% compared to 2020, while the total number of deals over the ... Read more

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