Reading time: < 1 MinuteMinister of Finance Mohammed Al-Jadaan has directed the disbursement of previous and stalled project contracts to contractors, and resolving disputes between contractors and government entities.
Reading time: < 1 MinuteWith the participation of 27 representatives of companies in various economic sectors, the Federation of Saudi Chambers is organizing a visit of a delegation of Saudi business owners to the Republic of Finland in conjunction with the visit of His Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al-Qasabi, to discuss the prospects of trade and investment relations between the two countries. Representatives of the companies will meet with their counterparts in the Finnish business sector to discuss opportunities for cooperation between the two sides, and the Saudi Business Forum will be held ... Read more
Reading time: < 1 MinuteThe Real Estate Developers Services Center issued licenses to build 14,746 housing units until the third quarter, bringing the total number of licenses to more than 71,000 housing units, qualified 2,768 real estate developers, bringing the total number of qualified real estate developers to 6619 developers, and completed requests to support the registration of 6592 workers in residential projects implemented by real estate developers in partnership with the Ministry of Municipal and Rural Affairs and Housing, ... Read more
Reading time: < 1 MinuteThe real estate index of the most active neighborhoods in Riyadh city during October 2022 Ranking Neighborhood Number of transactions executed Land plot Villa apartment 1 Al Khair 187 187 - - 2 East Riyadh 146 146 - - - 3 Arid 146 145 1 - - 4 Namar 130 129 - - - 5 Al Rimal 113 113 - - - 6 ... Read more
Reading time: < 1 MinuteThe General Authority for Real Estate seized about 5,000 violations of real estate advertising controls and real estate market analysis controls during the month of October, and violations of real estate advertising controls included not mentioning the name of the advertiser and his capacity (owner, commissioner), and not mentioning the boundaries and lengths of the property and services related to it, while violations of real estate market analysis controls included creating an effect that would cause confusion to the public, and lack of objectivity ... Read more
Reading time: < 1 MinuteThe Real Estate Developers Services Center (TAMAMAM) revealed that it had approved 24 residential plans by the end of the third quarter of 2022, with the total area of the plans exceeding 39 million m2 since the beginning of the year until the end of the third quarter, as an extension of the continuous efforts provided by the Beneficiary Services Center (TAMAMAM) to facilitate real estate development work. The increase in the number of approved plans comes as a result of the maturity of the partnership ... Read more
Reading time: < 1 MinuteModern design ideas for residential and commercial buildings are one of the most important catalysts that help to buy real estate, especially that families prefer the latest trends in decoration and designs suitable for those who build their residential future with plans that are in line with technology and the changes imposed by the era, especially if the family is young and groping its way towards ... Read more
Reading time: < 1 MinuteThe details of the interior designs of the house express the personality of the family, its lifestyle, and its artistic taste in choosing the dwelling with its integrated specifications, starting from the location, passing through the details of the room spaces and empty spaces, ending with the decoration, colors, furniture and belongings, of course the design will take into account the developments of the Corona pandemic that necessitated the presence of ventilation, as the attachment to the home has increased and its association within us with the feeling of comfort and safety. Using ... Read more
Reading time: < 1 MinuteCauses of failure in self-construction Matar Al-Shammari 1- Stopping payments. 2- Liquidity ends before the construction is completed. 3- High prices of building materials. 4- High labor costs. 5- High land prices. 6- Problems with the land when building. 7- Conditions and procedures of the building license and Saudi code. 8- Stumbling with the contractor. Real estate consultant @mnfr10
Reading time: < 1 MinuteImportant points before investing in income-producing real estate Khalid Al-Daraa Investing in income-producing real estate is one of the safe and guaranteed investment options for those who own capital, whether a natural or legal person (companies and funds), and there are points that should be paid attention to before buying income-producing real estate, including: ⁃ Location: The location of the property, regardless of its type, is a strength and guarantee of the property, real estate = location. ... Read more
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