Month: July 2023

Makkah's Al-Wasiq Park project is open to investors

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Municipality of the Holy Capital - Building Violations

Reading time: < 1 MinuteAl-Balad Al-Amin, the investment arm of the Holy Capital Municipality, has launched a tender for companies and institutions with distinguished expertise to participate in the development, implementation, management, operation, and investment of the Al-Waseeq Park project in the Al-Basateen neighborhood of Makkah. The scope of work involves the construction, investment, operation, and maintenance of Al-Waseeq Park within the boundaries of the Holy Mosque, covering a total area of 73,923,693 square meters, through … Read more

National Housing Company signs real estate development agreements for Sadeem suburb

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Sideim suburb

Reading time: 2 MinutesThe National Housing Company signed 13 agreements and memoranda of understanding with a number of experienced and competent real estate developers, on the sidelines of the inauguration ceremony for Sadaim, the newest residential suburb in the province of Jeddah, which was inaugurated by His Highness Prince Saud bin Abdullah bin Jalawi, Governor of Jeddah, in the presence of His Excellency the Deputy Minister of Municipal, Rural Affairs, and Housing, Engineer Abdullah bin Mohammed Al-Bader, … Read more

«Tamamam finalizes the approval of the Umm Al-Qura plan with an area of about one million and 300 thousand m2

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Developer Services Center - Umm Al-Qura Plan Approval

Reading time: < 1 MinuteThe “Etemam” Developer Services Center, in collaboration with the Holy Capital Secretariat, has finalized the approval of the Umm al-Qura master plan—in accordance with the updated Track 3 mechanisms—which is located in the city of Makkah on an area of 1,294,523 square meters. The plan provides 915 residential and commercial plots as part of joint efforts to increase the real estate supply, in line with the objectives of the Housing Program—one of the programs under Saudi Vision 2030… Read more

The White Land Program Issues Invoices for the Second Cycle of Phase One in Al-Ahsa and Tabuk

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Territory

Reading time: 2 MinutesThe White Land Program has issued invoices for the first phase of white land fees for the year 1444 AH/ 1445 AH, in both Al-Ahsa Governorate and the city of Tabuk in its second cycle, calling on landowners subject to the fees to either develop their land or pay the fees within one year from the date the decision was issued. The payment deadline is one full year from the specified billing date, and the program clarified that the payment deadline is one year … Read more

Taif Municipality conducts inspection tours to follow up on the requirements of the Saudi Building Code

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Taif Municipality - Building Code Enforcement Tours

Reading time: < 1 MinuteTeams of the Saudi Building Code Department at Taif Municipality carried out inspection tours on facilities and buildings under construction throughout the governorate, during which they seized low-risk and serious violations, and these visits aim to identify compliance with the controls of the application of the building code to ensure safety and preserve human life, and reduce the cost of maintenance and operation of buildings.

Real Estate Index: Residential mortgage financing for individuals reaches 35 billion riyals over five months

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Residential mortgage financing for individuals

Reading time: < 1 MinuteEconomic reports have revealed that the value of residential mortgage financing for individuals provided by banks and finance companies reached approximately 34.93 billion riyals during the first five months of 2023, compared to 55.39 billion riyals in the same period of 2022, representing a decrease of 20.45 billion riyals from the figure for the same period last year.

Al-Qassim Region Secretariat: Contract worth over 100 million riyals signed for flood control

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Majid Al-Hogail - Off-plan Real Estate Sale and Leasing System

Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, signed “electronically” a contract for projects by the Qassim Region Municipality to construct a stormwater drainage system connecting Al-Khabib Station, the Gulf Lakes, and neighboring neighborhoods in Buraidah to the valley, at a total cost of (100,632,442) riyals.

More than 240,000 rental transactions recorded last month

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Rental index

Reading time: 2 MinutesThe “Rental Index” revealed that more than 240,000 rental transactions were recorded during the month of June, according to reports and data issued by the online rental services network “Ejar” in collaboration with the “Sakani” platform; The index covers more than 160 cities and provinces, encompassing most of the Kingdom’s cities and regions. The “Rental Index” report for June showed an increase in the number of residential rental transactions … Read more

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