Month: January 2022

Survey: Real Estate Professionals Discuss Last Year’s Key Decisions with Property Owners and Predict the Sector’s Outlook for 2022

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9 Survey: Part Two

Reading time: 2 MinutesSaeed Al-Zahrani: The system for owning and classifying real estate units is one of the most important strategic projects in the sector. Lulwa Al-Raziq: Pioneering government projects have revitalized the market, making it more active following the recession. Mutaib Al-Mutairi: Developers face the dilemma of securing bank financing while implementing future plans. Saeed Al-Zahrani: Improving service quality Real estate expert Saeed Al-Zahrani confirmed that the decision by the General Real Estate Authority … Read more

The Cabinet Approves Regulatory Arrangements for the International Academy of Tourism

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The International Academy of Tourism

Reading time: < 1 MinuteThe Council of Ministers today approved the regulatory framework for the World Tourism Academy, which is the result of cooperation between the Kingdom—represented by the Ministry of Tourism—and the United Nations World Tourism Organization (UNWTO). Ahmed Al-Khatib, Minister of Tourism, affirmed that today’s approval by the Council of Ministers is in line with the leadership’s aspirations and directives regarding the need to explore all avenues for improving tourism services in the Kingdom, and it also highlights … Read more

Survey: Real estate professionals speak with an open heart about real estate decisions and 2022 predictions (1)

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8 New Year's survey

Reading time: 2 MinutesHashim Al-Aidrous: Online auctions are “excellent” for decision-making compared to impromptu auctions Ali Al-Zahrani: The real estate sector’s strategy provides crucial support for the economy and the real estate sector in particular Dhaifallah Al-Mutaani: The efforts of real estate brokers are in vain… and we demand a platform to protect rights Real estate professionals welcome the new year 2022 with great optimism, shaped by the promising results of last year, 2021; the extent and nature of this optimism vary… Read more

65 billion dirhams for the housing program for UAE citizens over the next 20 years

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Dubai city

Reading time: < 1 MinuteThe UAE government has allocated a budget of 65 billion dirhams ($17.70 billion) for the National Housing Program over the next 20 years.  Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister, and Ruler of Dubai, recently stated on his official Twitter account: ”Today we approved the Citizen Housing Program in Dubai, for which we have allocated a budget of 65 billion … Read more

Elections for the “Sharqia Chamber” conclude this evening… with more than 24,000 votes separating the 18 candidates

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Contracting - Investment - Real Estate Finance

Reading time: < 1 MinuteElections for the 19th term (1443–1447 AH) of the Board of Directors of the Eastern Province Chamber of Commerce conclude this evening, Wednesday, with voters having begun casting their ballots last Sunday morning. The Ministry revealed that the total number of votes cast for the candidates reached 24,393, and that 8,000 voters cast their ballots over the past 48 hours, with 18 candidates competing for nine seats … Read more

Real estate articles: Sami Abdulaziz writes real estate terminology: Green Buildings (2)

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Sami Abdulaziz - Real Estate Articles

Reading time: < 1 MinuteIn the first part of this article, we explored so-called “green buildings,” which embrace the principle of a clean environment as a way of life and an unwavering commitment, using natural materials and environmentally friendly energy sources to preserve human life and health. Time marches on, and the future is inevitable; experts must seek out everything that provides comfort and safety and put an end to… Read more

Real Estate Articles: Dr. M. Abdullah Al-Kharmani: The Role of Engineers in Real Estate Development in the Kingdom (1)

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Dr. Abdullah Al-Khurmani - Neom City

Reading time: 2 MinutesThe Kingdom of Saudi Arabia is a leader in various fields, striving to achieve the highest levels of development and progress in all areas through all available means and modern methods. Perhaps the most prominent sector in which Saudi Arabia has excelled is the real estate sector, a distinguished sector that has witnessed numerous developments and promising steps, making it easier for citizens to… Read more

White Land Fees Help Empower More Than 185,000 Saudi Families

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White land

Reading time: < 1 MinuteThe White Land Program revealed that the fees collected have helped more than 185,000 Saudi families since the program’s launch to secure suitable housing options, including land and residential units, in a number of cities and regions across the Kingdom. The program has issued more than 8,000 White Land fee invoices since its launch through the end of 2021, with the total registered area exceeding … Read more

105 specialized companies participate in the Saudi International Exhibition for Marketing and E-Commerce

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E-commerce Expo

Reading time: < 1 MinuteWith the participation of 105 specialized companies and 300 leading experts and entrepreneurs, the Saudi International Exhibition for Digital Marketing and E-Commerce has kicked off. The exhibition showcases the latest applications, technologies, and smart digital services offered by local and international companies, all of which contribute to improving the quality of services provided to customers. Engineer Anf Abanmi, President of the Saudi Post Corporation (SPL), opened the exhibition in … Read more

“Saudi Real Estate” purchases undeveloped land in eastern Riyadh for over 727 million riyals

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Saudi Real Estate Company Buys Land

Reading time: < 1 MinuteIn a deal worth over 727 million riyals, the Saudi real estate company concluded a real estate transaction by purchasing a plot of undeveloped land covering approximately 2 million square meters in eastern Riyadh, north of Dammam Road in the Al-Qadisiyah- Al-Marjan, following the signing of a contract with Afaq Al-Qadisiyah Real Estate Company. The real estate company clarified that the deal will be financed from the company’s own resources, in addition to bridge financing from a local bank. … Read more

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