Month: May 2023

Enforcement reviews more than 70 properties for sale and liquidation in 8 regions

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Attribution and Liquidation Center Real Estate Auction

Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaz” has announced the holding of eight public auctions from May 12 to 15, 2023, ranging from in-person to online auctions, to sell and liquidate more than 71 properties—including residential, commercial, agricultural, and industrial properties—located in eight different regions across the Kingdom. It is worth noting that the “Enfaz” Center is an independent government agency and one of the initiatives of the Transformation Program… Read more

«Taqeem announces the date for voting on the 2023 General Assembly items

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Saudi Commission for Certified Valuers

Reading time: < 1 MinuteThe Board of Directors of the Saudi Authority for Certified Residents has announced that the fourth ordinary general assembly meeting will be held virtually (remotely), inviting full and associate members to attend at 1:00 p.m. on Monday, 2/11/1444 AH, corresponding to 5/22/2023 AD. The meeting will include a vote on three main items, including: approval of the Board of Directors’ annual report on … Read more

State real estate and Riyadh Chamber review the state's real estate leasing system

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Real estate transfer

Reading time: < 1 MinuteThe Real Estate Committee of the Riyadh Chamber of Commerce and Industry, in collaboration with the General Authority for State Real Estate, is organizing an informational session today at the Chamber’s headquarters on the State Real Estate Leasing System and its implementing regulations. The session aims to explain the provisions of the system and its implementing regulations, as well as the procedures and mechanisms for government agencies to apply for property leases, in addition to reviewing the terms of the lease, the terms of the lease agreement, its duration, and the mechanism for its extension, as well as how to resolve any disputes that may arise between the lessor and the lessee… Read more

«Knight Dragon expands into the Middle East with the opening of an office in Riyadh

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Reading time: 2 MinutesKnight Dragon, a leading global real estate developer, has announced details of its expansion plans in the Middle East, including the opening of an office in Riyadh during the fourth quarter of this year. The company also expressed its interest in establishing numerous partnerships in the Middle East to share its proven expertise and capabilities in the rapidly growing fields of iconic development… Read more

The “Euromoney 2023” Housing and Mortgage Finance Conference Kicks Off in Riyadh Next Wednesday

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Saudi Arabia Foreign Investment

Reading time: < 1 MinuteThe fourth edition of the “Euromoney” Housing and Mortgage Finance Conference will kick off in Riyadh next Wednesday, May 24, 2023, under the theme “Opportunities and Challenges in the Housing Market,” under the patronage of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, and with the participation of a number of experts and thought leaders in the housing finance sector from the Kingdom, the Gulf, and various countries around the world, as it is … Read more

Housing: 36,000 Saudi families have moved into their first homes since the beginning of 2023

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Steps to apply for housing subsidy programs

Reading time: 2 MinutesThe “Sakani” program announced that 33,028 Saudi families had benefited from the beginning of the year through the end of last April from all the housing options and financing solutions the program offers online to its beneficiaries through simple and accessible procedures, while the number of families who have moved into their homes reached 36,960, as part of joint efforts to improve housing affordability and achieve the program’s housing goals … Read more

Future Projects Forum to showcase 3,000 projects worth one trillion riyals

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Saudi Contractors Authority - Contracting Industry

Reading time: 2 MinutesThe fifth edition of the Future Projects Forum 2023 will take place in Riyadh on May 22–23, 2023, under the patronage of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing. The forum serves as a platform to showcase more than 3,000 projects worth one trillion riyals. On this occasion, the Chairman of the Board of Directors of the Saudi Contractors Authority, Engineer Zakaria bin Abdulrahman Al-Abdulqader, expressed his gratitude to the leadership … Read more

Two sand and gravel sites allocated as mining complexes in Asir

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Certificates of origin

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources has designated two sites for sand and gravel deposits as mining complexes in the Asir region, namely: the sand and gravel complex in Wadi Al-Thafn in the Tathleeth Governorate, covering an area of 32.18 square kilometers, and the sand and gravel complex in Wadi Tayya in the Mahayel Governorate, covering an area of 0.91 square kilometers. The official spokesperson for the Ministry of Industry and Mineral Resources, Jarah bin Mohammed Al-Jarrah, explained that the Ministry’s decision … Read more

«Anan Properties signs 5 agreements to develop 4 schemes and construct 6265 residential units in Makkah and Qassim

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Part of the signing of Anan Real Estate's agreements

Reading time: < 1 MinuteBander bin Mohammed Al-Dhahik, CEO of Anan Real Estate, signed five agreements with a number of companies and financial and investment funds to develop four residential projects covering a total area of 3,390,000 square meters, and the construction of 6,265 residential units in Makkah, Jeddah, and the province of Unaizah, in the presence of Abdulrahman, Undersecretary of the Ministry of Municipal, Rural Affairs, and Housing for Stimulating Housing Supply and Real Estate Development… Read more

Unexpected drop in pending home sales in the U.S.

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U.S. Real Estate - Home Sales

Reading time: 2 MinutesRecently released economic data showed that pending home sales in the United States declined in March, contrary to expectations. The National Association of Home Builders index, which measures pending home sales, fell by 51.2% month-over-month last month to 78.9 points, after rising by 0.8 percentage points to 83.2 points the previous month, according to revised data. Analysts had … Read more

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