Massive investment and entertainment projects in the Eastern Province make it the first destination for tourists

Boulevard Project - Sharqiya

Reading time: 2 MinutesThe Secretary of the Eastern Province, Eng. Fahad Al-Jubeir, a package of massive tourism and investment projects and initiatives in collaboration with the private sector to achieve financial and developmental sustainability, support quality of life, humanize cities, improve the urban landscape, implement the concept of smart cities, preserve the environment, and revitalizesports activities. Saudi Entertainment Projects SEVEN Al-Jubeir confirmed that investment projects will soon be launched by … Read more

Commendable humanitarian initiatives… The Alwaleed Humanitarian Foundation celebrates 2,110 families moving into their first homes

Alwaleed Humanitarian Foundation

Reading time: 2 MinutesOn the occasion of the first anniversary of the partnership agreement between the Ministry of Municipal, Rural Affairs, and Housing and the Alwaleed Humanitarian Foundation, the Ministry celebrated the move-in of 2,110 of the most needy families into their first homes through the Jood Housing Platform, as well as the distribution of 750 cars benefiting 18,250 recipients, with support from the Foundation. The ceremony was held under the patronage of His Excellency the Minister of Municipal, Rural Affairs, and Housing, Chairman of the Housing Board of Trustees … Read more

UAE real estate developers begin accepting cryptocurrency

Cryptocurrencies

Reading time: < 1 MinuteEmirati media sources have revealed that real estate companies have begun accepting cryptocurrency payments, in line with announcements by global companies that they are accepting this form of payment. According to the sources, the adoption of cryptocurrencies is gaining significant momentum in the UAE, coinciding with the growth of the digital economy and the steady rise of blockchain technologies, as the UAE is considered a global hub for financial technologies. In the same context, … Read more

Engineer Abdullah Al-Badeer: 40 thousand new housing units in Riyadh within a year and a half

Deputy Minister of Housing

Reading time: < 1 MinuteEarlier this month, Deputy Minister of Municipal, Rural Affairs, and Housing Engineer Abdullah bin Mohammed Al-Badeer announced the ministry’s plan to provide more than 40,000 new housing units in the capital within a year and a half, explaining that efforts are underway to stimulate the real estate supply in Riyadh and enable families to purchase their first home, with the goal of reaching a homeownership rate of 70%, in line with the objectives of the housing program … Read more

Eight billion riyals of additional support for the Citizen Account until the end of the current fiscal year 2022

Citizen account

Reading time: < 1 MinuteThe Citizen Account Program announced yesterday that it had deposited the July support allocation for beneficiaries whose applications have been completed and who meet the eligibility criteria in the 56th installment, This follows the implementation of new regulations issued by royal decree, which include reopening registration for the program and providing additional support to beneficiaries in the amount of eight billion riyals through the end of the current fiscal year 2022. Abdullah Al-Hajri, Director General of Communications, explained … Read more

Al-Haqeel inspects preparations for the Hajj season and the readiness of plans and projects of the Ministry and the Municipality of the Holy Capital

Al-Haqeel in Mecca

Reading time: < 1 MinuteToday, Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, conducted an inspection tour of Makkah and the holy sites, during which he reviewed the Ministry’s preparations for this year’s Hajj season (1443 AH), as well as the readiness of the Ministry’s and the Holy Capital Secretariat’s plans, projects, and programs in the areas of public health, food safety, and environmental sanitation to serve the pilgrims of the Sacred House of God. This took place in … Read more

450K e-payments in Ejar program during the first half of 2022

Rent

Reading time: < 1 MinuteThe Ejar Program announced that payments made through electronic channels on the Ejar online platform exceeded 450,000 transactions during the first half of 2022, noting that the electronic rent payments facilitated by the Rental Services Network ranged from annual, semi-annual, quarterly, and monthly payments, in addition to top-ups of user balances on the network, explaining that … Read more

Al Dal Real Estate Services Company succeeds in selling 11 distinctive properties in Riyadh in person and electronically

Al Dal Auction

Reading time: < 1 Minute“Al-Rashid” The use of technology and the platform’s capabilities facilitated the sale of all products in a competitive environment through the largest online real estate auction platform. Al-Dal Real Estate Services successfully organized its second in-person and online auction of distinctive residential and commercial propertieswith a total area of approximately 30,000 square meters. Specifically, the event took place last Thursday evening in the hall … Read more

Jeddah Municipality begins enforcing the fencing of vacant land on the main axes and streets

real estate-jeddah-170x113-min (1)

Reading time: < 1 MinuteThe Jeddah Provincial Secretariat has begun implementing the decision to fence off vacant lots along “targeted” main thoroughfares and streets effective July 1, following the expiration of the specified deadline, confirming that it will enforce the regulations on penalties for municipal violations and monitor owners’ compliance. The Secretariat stated that the main roads and streets targeted by the decision to fence off vacant lots include King Abdulaziz Road and Al-Andalus Road, Prince Majid Road, Prince Mohammed Road… Read more

“Wafi approves modernization of Track 3 procedures for private residential land subdivision plans within 60 days

Off-plan sales projects - Real estate transactions

Reading time: < 1 MinuteThe Off-Plan Sales and Leasing Committee (Wafi) announced an update to the procedures for Track 3 under the revised tracks for approving private residential land subdivision plans within 60 days; with the aim of streamlining the plan approval process for real estate developers and enabling them to conduct early screening before the completion of infrastructure works, in line with the housing program’s objectives to increase the rate of home ownership among Saudi families to 70%. The Secretary General explained … Read more