Month: May 2023

The Fifth Future Projects Forum Opens Under the Patronage of Al-Hogail

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Future Projects Forum - Archive

Reading time: 2 MinutesHis Excellency Majed Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, presided today over the opening ceremony of the fifth edition of the Future Projects Forum, organized by the Saudi Contractors Authority in Riyadh, with the participation and attendance of 41 government and private entities, showcasing details and developments of more than 3,000 projects worth one trillion Saudi riyals. In his speech, His Excellency the Minister emphasized that such events have … Read more

Via Survey... 12 Articles Regulating Real Estate Auctions«

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Real Estate Auction Regulation

Reading time: 2 MinutesThe General Real Estate Authority has released the draft regulations for real estate auctions via the «Istisla» platform, with the aim of enabling the public, government agencies, and the private sector to provide their feedback and comments before the regulations are finalized. It explained that the draft regulations were developed in accordance with best practices, following an analysis of the current market situation and a benchmarking comparison with the best international practices regarding real estate auctions, with the aim of avoiding any … Read more

New agreements for updated housing subsidy program financing packages

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Selling off-plan real estate units

Reading time: < 1 MinuteWith the aim of diversifying options for off-plan purchases, ready-to-move-in residential units, or self-build projects; the Real Estate Development Fund, Al-Bilad Bank, and the Saudi British Bank “Al-Awwal” signed two framework agreements for financing packages under the updated Housing Support Program, in the presence of Majed Al-Hogail, Minister of Municipal, Rural Affairs, and Housing. The agreements allow beneficiaries to receive immediate, non-repayable support of up to … Read more

After the launch of the new name What are the most important features of the King Salman neighborhood in Riyadh?

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Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: 2 MinutesHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, announced the renaming of the «Al-Waha» and «Salah al-Din,» with the aim of revitalizing the neighborhood under its new name, improving the quality of basic services and recreational activities, and developing the area, as well as creating an urban and architectural identity for the neighborhood’s public facilities inspired by the architecture … Read more

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