Month: June 2022

“Arabian Centers signs two agreements worth SAR 6.2 billion to develop Jewel Riyadh and Jewel Jeddah malls

by
Arab Centers Establishing Real Estate Funds

Reading time: 3 MinutesIn a move in line with its plans to expand its activities, Arabian Centers Company announced today, May 2022, the signing of two agreements with Riyad Capital to establish two real estate investment funds worth SAR 6.2 billion for the purpose of developing Riyadh Jewel and Jeddah Jewel commercial centers, while Riyad Capital will assume will manage the two investment funds. The Riyadh Jewel Center will be located in the Al Raid neighborhood near the intersection of ... Read more

Organized by Atqan and Masdar “Afanin Taiba” auction sells 12 distinctive properties and raises more than 327 million riyals

by
Avanin Taiba Auction - Ekan Real Estate Company

Reading time: 2 MinutesWith geographical advantages and high-level quality of real estate products, Itqan Real Estate, Masdar Real Estate and Itqan First Real Estate succeeded in selling 12 diverse properties in the Medina area, with a total value of 327,235,991 riyals, within the public auction (Afanin Taiba), which was organized, managed and implemented by the company, with all professionalism and excellence. The properties sold varied between residential and commercial lands, in addition to a hotel ... Read more

Shura Council to vote this week on real estate contributions and off-plan sales regulations

by
Shura Council Discusses VAT - Mortgage Loan

Reading time: < 1 MinuteIn this week's sessions, the Shura Council will vote on the regulations of real estate contributions, railways and the sale and purchase of real estate units on the map, and resolve its decision to vote on the views of the Transport, Communications and Information Technology Committee on the members' observations and opinions on the annual report of the Ministry of Transport and Logistics for the fiscal year 1442/1443 AH, and on the members' observations and opinions on the annual report of the Public Transport Authority ... Read more

27 thousand families opt for subsidized mortgages to buy ready-made housing units

by
Modern construction technology

Reading time: < 1 MinuteThe Residential Program confirmed that 27 thousand families chose the subsidized mortgage loan to buy ready-made housing units out of 66 thousand Saudi families who benefited from the “Residential” program since the beginning of 2022 until the end of May, from all housing options and financing solutions that the program provides electronically to its beneficiaries within easy and facilitated procedures. The program explained that 14 thousand families preferred the option of building ... Read more

More than 66 thousand families have benefited from the housing program since the beginning of 2022

by
Al Waha Dammam - Residential Projects

Reading time: < 1 MinuteThe report issued by the Residential Program for the month of May revealed that the number of beneficiary families since the beginning of this year reached 66,180 thousand families within the Residential Program, while the number of families who have lived in their homes since the beginning of the year reached 79,671 thousand families, and the report indicated that the total number of real estate transaction tax bearing certificates for the first home since the beginning of the program until the end of the month ... Read more

“Etqan Real Estate and Etqan First offer three real estate products in Jeddah's ”Arwad Al Bahr” auction

by
3 Declaration of Mastery

Reading time: 2 MinutesItqan Real Estate and Itqan First Real Estate started today the marketing campaign for the public auction ”Arwad Al Bahr” in the city of magic and beauty, the bride of the Red Sea, Jeddah, to sell three distinct real estate products for the liquidator, Masdar Real Estate Company, on Sunday afternoon, 27 Dhu'lqa'dah 1443 AH, corresponding to June 26, 2022 AD, at Lailati Hall in Jeddah, and through the direct link of the auction between the main hall ... Read more

5,589 families from Jeddah's demolished slums to be housed at state expense

by
Jeddah randomization

Reading time: < 1 MinuteThe Jeddah Slum Removal Project announced that 5589 families whose homes were removed at the expense of the state have been housed, while the number of removed neighborhoods has reached 22 so far out of the 34 neighborhoods that the project aims to remove. The announcement came during a meeting chaired by Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah, in the presence of officials of the relevant authorities, which included a review ... Read more

“State Real Estate offers 21 investment opportunities with terms of up to 25 years

by
Public Authority for State Properties - «Lease System» contracts»

Reading time: < 1 MinuteWith time periods ranging from 10 to 25 years, the Public Authority for State Real Estate has offered 21 investment opportunities for public competition through “opportunities“, including leasing buildings, shops, logistics, warehouses and gas stations, in a number of different regions of the Kingdom. The opportunities were offered in a public auction in accordance with the leasing brochure prepared for that purpose, and those who wish to enter ... Read more

Amlak Articles Sami Abdulaziz writes about the company's departments

by
Sami Abdulaziz - Real Estate Articles

Reading time: 2 MinutesWe reviewed together how companies are established and the composition of the board of directors and their responsibilities in setting the general strategy of the company, then we talked about the chairman of the board of directors and what he needs administrative expertise and the ability to define the goals of the organization with the distribution of tasks to the members of the board, as we talked in the previous article about the tasks of the general manager and how to perform the tasks assigned to him by the board of directors, and what ... Read more

Articles Amlak Issue 242 Counselor Matar Al-Shammari writes: Reasons for high rents in major cities, especially Riyadh

by
Rain-Shammari

Reading time: < 1 MinuteReasons for high rents in major cities, especially Riyadh 1- Increased population growth in the Riyadh area. 2- Requiring companies that have contracts with the state to open their headquarters in Riyadh. 3- Increasing migration from villages to the capital in search of job opportunities and university education. 4- Expropriation of some neighborhoods in the Riyadh region, as well as some neighborhoods in the ... Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.