Month: January 2022

“Etiqan Real Estate signs agreement for the initial preparation of the offering as a closed joint stock company

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5 Atqan Companies News Page - Retal

Reading time: < 1 MinuteAgreement to Achieve Institutional Transformation and Develop the Company’s Services: Itqan Real Estate has signed an agreement with a consulting firm with international connections (Dar Al Khaleej for Economic Research and Consulting) an agreement to prepare Etqan Real Estate for a private placement and convert it into a closed joint-stock company. This is a developmental step taken by Etqan Real Estate in line with Saudi Arabia’s Vision 2030, which aims to enhance services for citizens and investors in the market … Read more

Eastern Province Municipality plans to upgrade and develop Dammam Corniche

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Dammam Corniche

Reading time: < 1 MinuteThe Eastern Province Secretariat plans to upgrade and develop the Dammam Corniche at the intersection of Corniche Road and Gulf Road to international standards and in an aesthetically pleasing manner that reinforces efforts to enhance the urban landscape in the region. The Secretariat has signed an agreement with Al-Jabr Holding Company to implement the project. On this occasion, Abdul Salam bin Mohammed Al-Jabr, Managing Director of Al-Jabr Holding Company, stated that the company is proud to have been given the opportunity … Read more

40,000 mosque and prayer hall deeds were digitized in 2021

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Ministry of Islamic Affairs

Reading time: < 1 MinuteOver the past year, the Ministry of Islamic Affairs, Da’wah, and Guidance, represented by the Agency for Mosque Affairs, completed the digitization of 40,000 mosque and prayer hall deeds in the automated system, Electronic deeds were issued according to the geographical distribution of each branch, and the sorting of 11,000 mosque deeds held by the General Authority for State Real Estate was completed. A recently released report indicated that the number of mosques that have been temporarily closed … Read more

The Real Estate Unit Categorization Program Completes 50,000 Real Estate Units in 2021

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Sorting real estate units

Reading time: < 1 MinuteThe total area of real estate units allocated in 2021 under the Real Estate Unit Allocation Program increased by 28 percent compared to the area allocated in 2020, representing an increase of more than two million square meters, The number of units allocated last year reached approximately 50,000 real estate units, with a total area exceeding 10 million square meters. This comes as part of efforts … Read more

Jeddah Municipality begins monitoring barcode violations

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4 page four

Reading time: < 1 MinuteThe Jeddah Municipality has confirmed that, starting January 1, 2022, violations will be monitored at establishments that fail to display the “QR code “Your Opinion Matters” on their facades, and that regulatory measures will be taken against them. The Secretariat explained that the QR code aims to improve the quality of services and goods provided to Jeddah residents by enhancing digital communication … Read more

Property articles: Editor-in-Chief Abdulaziz Al-Issa writes: Strategic Thinking 2022

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Abdulaziz Al-Issa: Real Estate Finance

Reading time: < 1 MinuteWith an open outlook, unwavering confidence, and optimism grounded in market realities and indicators, real estate professionals across all sectors are formulating plans and goals that align with the qualitative shift in the sector’s current reality and future, keeping in mind the changes predicted by strategic experts, especially since last year, 2021, saw a series of decisions that charted the right course for the market in various … Read more

Ministry of Justice: 44 thousand real estate transactions worth 5.2 billion riyals

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Real Estate Registration - Real Estate Transactions

Reading time: < 1 MinuteThe Ministry of Justice reported that the number of electronic real estate title transfers rose to 44,000 transactions, worth 5.2 billion riyals, during 2021, emphasizing the importance of verifying the payment of real estate transaction tax electronically to ensure the success of the automated transfer process.According to a guide issued by the Ministry on the electronic real estate transfer service, the Ministry has imposed five conditions on sellers wishing to complete a real estate transfer electronically, … Read more

Ali Al-Rukban as CEO of Al-Othaim Holding“

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Engineer Ali bin Othman Al-Rukban

Reading time: < 1 MinuteEngineer Ali Al-Rukban Appointed CEO of “Al-Othaim Holding” Abdullah Al-Othaim Holding Company announced the appointment of Engineer Ali bin Othman Al-Rukban as the company’s CEO, The appointment decision comes as part of the company’s commitment to applying the highest standards of corporate governance by separating ownership from executive management, and to reinforce the company’s development and strategic direction toward achieving leadership and excellence in line with the objectives of the Vision … Read more

Mohammed Al-Murshid: Vision 2030 has boosted investment in projects and infrastructure by $1 trillion.

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Last Issue No. 233

Reading time: < 1 MinuteMohammed Al-Murshed, Chairman of the National Real Estate Committee at the Council of Saudi Chambers, confirmed that Saudi Vision 2030 has resulted in nearly $1 trillion worth of real estate and infrastructure projects announced across Saudi Arabia since 2016, noting that the value and number of mega-projects across Saudi Arabia are set to transform the real estate landscape and living standards … Read more

“Itqan Real Estate” Continues to Excel… Sales of 107 Lots in the Taiba Warehouses Development Exceed 379 Million Riyals

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Atqan Auction House in Taiba

Reading time: < 1 MinuteItqan Real Estate continued its track record of excellence in organizing auctions, achieving another success yesterday evening, Wednesday, with the sale of the entire Taybah Model Warehouse Project in southern Riyadh, which comprises 107 warehouse and commercial plots with a total value of over 379 million riyals, including tax and brokerage fees. The Taiba Model Warehouse Complex is distinguished by its strategic location and is surrounded by … Read more

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