Demolition work in Mecca will resume next week

Issue No. 245

Reading time: < 1 MinuteThe Royal Commission for Makkah City and the Holy Sites announced the start of the evacuation phase for properties slated for demolition and removal in the area covered by the development plan in “Al-Kudwa” in the Al-Masfalah district of Makkah City, This coincides with the disconnection of utilities such as water and electricity over the next few days. The Commission noted that the implementing agencies will resume demolition and removal work in … Read more

Amlak Articles... Dr. Mons Shujaa writes: Advantages of the off-plan sales product ...?

Dr.. Mons Shujaa Real Estate Articles - Administrative Harmony

Reading time: < 1 MinuteOne of the most important mortgage products… Many people looking to own a home are turning to the Wafi program (off-plan sales). Whether the customer is a beneficiary of the Real Estate Fund or not, this program is considered one of the most beneficial and viable options for buyers, especially given the program’s excellent organization, the sequence of steps and procedures, and the supervision provided by… Read more

Articles of property... Sultan Hamad writes: The importance of the media message for real estate entities

Sultan Hamad - Real Estate Initiatives

Reading time: < 1 MinuteReal estate media is a specialized form of media that focuses on the real estate sector and all its topics and events; it can be classified as a subset of economic media and is considered a specialized field just like other categories within specialized media. If we look at the real estate sector, which is one of the strongest economic pillars in the Kingdom of Saudi Arabia—and the second-largest economic market after oil in terms of strength and resilience—it is linked to… Read more

«Saudi Investment Marketing Organization A new name in the marketing of the Kingdom. And a prominent figure in the national transformation 

7 Panorama of the Saudi Marketing Authority

Reading time: < 1 MinuteThe Council of Ministers, chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, approved a resolution to establish the «Saudi Investment Marketing Authority,» to achieve the objectives of the National Transformation Program, promote integration and cooperation among agencies, enhance all activities and services related to investment marketing, and position Saudi Arabia as an attractive investment destination across all sectors. On this occasion, the Minister of Investment, Engineer Khalid bin Abdulaziz Al-Falih, affirmed that … Read more

The fifth and final phase of the Saudi Building Code phased implementation begins

Saudi Building Code

Reading time: < 1 MinuteWith the start of the new Hijri year 1444 AH, the National Committee for the Saudi Building Code began implementing the fifth and final phase of the phased implementation of the Saudi Building Code, The committee clarified that the implementation of the code in this final phase covers all building types classified therein, in addition to those covered in the previous four phases, such as warehouses of all types, open and enclosed parking lots, and auto repair shops. … Read more

243 million riyals in rental costs for slum families in Jeddah

Slum clearance in Makkah

Reading time: < 1 MinuteThe Slum Communities Committee in Jeddah Province announced that it has paid more than 243 million riyals in rent subsidies to 14,000 families living in slum communities since the project began last October. The committee explained that the state provides a package of free services to citizens living in the informal settlements covered by the program, foremost among which is the provision of temporary housing and the payment of … Read more

Amlak Articles... Editor-in-Chief Abdulaziz Al-Issa writes: Real estate is the basis of domestic tourism

Reading time: 1 MinuteIt is no secret to those interested in the real estate sector that enriching the discussion on comprehensive tourism development is inextricably linked to the development of related real estate, such as hospitality establishments, hotels, and markets that provide various services to tourists and visitors. This official interest on the part of the state—may God support it—in formulating ambitious strategies to build and develop a tourism industry capable of drawing attention to the Kingdom as a global tourist destination; … Read more

Ahmed Al-Thayeb: The tourism sector needs to develop a solid strategy to attract investments

9 Domestic Tourism Tiyeb

Reading time: 2 MinutesAl-Dhaib Emphasizes the Private Sector’s Role in Achieving Tourism Development; Rising Operating, Maintenance, and Staff Training Costs Are the Main Obstacles to the Development of Serviced Apartments Mr. Ahmed bin Hamoud Al-Dhaib, General Manager of Madarim Crown Hotel, emphasized that the private sector complements the government’s role in providing the infrastructure necessary for tourism development, explaining that the private sector owns many companies and institutions … Read more

Investing in hospitality real estate boosts domestic tourism

Domestic Tourism

Reading time: 2 MinutesAbdulaziz Al-Issa: The real estate sector is the fertile ground in which tourism thrives. Mohammed Al-Saab: The investment potential of new tourist attractions presents an opportunity to invest in the hospitality sector. Riyadh—Mohammed Jamos: The domestic tourism industry is one of the most important pillars of the Kingdom’s Vision 2030; as it is a vital and important contributor to the local economy, and the plans and programs that have been implemented across the country have given this sector significant attention… Read more

800 real estate assets and 65 auctions underpin the success of the pilot phase of the upgraded attribution center

Real estate auctions

Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaaz” announced the success of the pilot phase of its enhanced auction model, which involved a pilot launch of more than 65 auctions covering over 800 real estate assets. The Center will work to expand the application of the developed model to cover all sales and liquidation operations, with the aim of reducing the duration of contracts with sales agents and certified appraisers and speeding up the listing of properties in public auctions, thereby contributing … Read more