Residential program: More than 90,000 families have lived in their homes since the start of the year

Real Estate Marketing - Lana Al-Shabaneh - The Line

Reading time: < 1 MinuteThe Sakani Program reported that 90,837 families had moved into their homes between the beginning of this year and last November, while 93,622 Saudi families have benefited from the Housing Program, as part of ongoing efforts to provide a range of housing products and diverse financing solutions that contribute to achieving the goals of the Housing Program—one of the programs under the Kingdom’s Vision 2030 – by raising the homeownership rate for Saudi families to … Read more

Germany forcibly evicts more than 27,000 apartments for rent default

Reading time: < 1 MinuteAccording to German government data, a large number of apartments were vacated last year because tenants failed to pay their rent. In a response to a parliamentary inquiry from the Left Party, the German government stated that more than 27,319 residential apartments were forcibly evicted in 2022 for this reason. It is worth noting that failure to pay rent … Read more

Real estate articles: Knowledge Bank... Falcon's eyes

Sami Abdulaziz - Real Estate Articles

Reading time: < 1 MinuteReal Estate Articles: The Knowledge Bank... Eyes of the Falcon, Sami Abdulaziz: We congratulate the Kingdom, its leadership and people, on winning the two most important global events—economic and sporting; The Kingdom has won the bid to host Expo Riyadh 2030, which is set to be the largest exhibition in terms of space, technology, and visitor numbers; We were also all delighted by the Kingdom’s win to host the 2034 FIFA World Cup. These achievements serve to silence all the doubters and detractors and to confirm leaves no room for doubt that the Kingdom’s leadership possesses the eyes of a falcon, seeing what we cannot and soaring far beyond the imagination of even the most optimistic among us. Congratulations to the leadership and to the great Saudi people. The Riyadh Expo will be held from October 2030 to March 2031. The Kingdom has allocated one pavilion per country to showcase its image as a nation that seeks to involve all nations equally, with no distinction other than the size of the pavilions, which range from 500 to 6,000 square meters. and because the Kingdom is a pioneer and seeks to make a serious and active contribution to development and prosperity, it has decided to provide $353 million in support to more than 100 developing countries to encourage their participation. It is, therefore, a unique version of the long-standing Expo that only the Kingdom can present. The exhibition covers an area of 6 million square meters, with an expected 40 million visitors, in addition to over a billion visitors via the exhibition’s website . A total of 246 countries and international organizations are expected to participate, and the Kingdom needs to provide more than 70,000 hotel rooms, develop infrastructure, provide all services, build roads, and facilitate access from airports to the exhibition site by operating train lines and roads for cars, while modernizing the public utilities network. As we can see from the scale of the Expo and the sheer magnitude of the numbers, tireless and continuous work is the only way for the Kingdom to be fully prepared to create a historic event that willthe country that will organize the Expo after Saudi Arabia, but Saudi Arabia has its people, and they are capable of rising to the challenge and even achieving what some might deem impossible. Welcome, Expo… Welcome, World Cup—we await the spectacle. Marketing Expert [email protected] Real Estate Articles: Eyes of the Falcon

Unaiza Chamber discusses capacity development of real estate developers

Who is a real estate developer?

Reading time: < 1 MinuteThe Chamber of Commerce in Unaizah Province, in collaboration with the Housing Affairs Department of the Qassim Region, organized a program yesterday titled “Capacity Building for Real Estate Developers” in the main hall at the Chamber’s headquarters. The program, which was attended by 40 participants—including real estate developers and those interested in housing and real estate programs—addressed the program for transforming contractors into real estate developers, the program for supporting and empowering real estate developers, as well as … Read more

20 success stories at the 2023 Operational Excellence Conference

Operational Excellence Conference - A Success Story

Reading time: < 1 MinuteThe 2023 Operational Excellence Conference featured discussions of 20 success stories that showcased promising and ambitious opportunities and innovative technologies, and highlighted pioneering operational experiences, The conference included more than 20 panel discussions featuring speakers from participating organizations, who addressed 15 key themes covering the most prominent global methodologies and experiences that have led to operational excellence in organizations and companies at both the local and global levels, … Read more

5 wall paint colors that make you feel comfortable and relaxed

Reading time: < 1 MinuteAn interest in colors is a healthy phenomenon and a natural reflection of a sophisticated culture, manifested in an attention to taste that reflects human nature and the human psyche. Many people interact with colors based on psychological impressions without fully understanding their psychological implications, even though colors play an important role in the human psyche. Dark and somber colors may make us feel distressed and uncomfortable at times, whereas colors … Read more

Real estate index: 747.2 billion riyals in cumulative real estate loans from commercial banks

Real estate index

Reading time: 2 MinutesThe Real Estate Index revealed that mortgage loans granted by commercial banks in Saudi Arabia rose by 12.751% year-over-year at the end of the third quarter of this year, representing an increase of 84.52 billion riyals compared to the volume at the end of the same quarter last year (2022). Cumulative loan growth: According to the latest data released by the Saudi Central Bank (SAMA), the value of real estate loans increased … Read more

“Enforcement concludes 2023 with 29 public auctions to sell and liquidate 242 properties

Attribution and Liquidation Center Real Estate Auction

Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaaz” has announced that it will hold 29 public auctions, from December 21 through 31, with both in-person and online auctions to sell and liquidate 242 residential and commercial properties across eight regions and cities in the Kingdom. It is worth noting that the Enforcement and Liquidation Center “Enfaz” is an independent government agency and one of the initiatives of the National Transformation Program … Read more

Al-Haqeel: Tabuk region is witnessing quality projects in municipal services and housing

Al-Haqeel

Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs and Housing, affirmed that the Tabuk region is witnessing high-quality projects in the fields of municipal services, housing, and flood control, all of which are in line with the development taking place across all regions of the Kingdom. 34 development projects worth approximately one billion riyals. In a statement to the Saudi Press Agency today, following yesterday’s inauguration by His Highness the Governor of the Tabuk Region, … Read more

Al-Haqeel meets Tabuk investors and inspects development projects in the region

Al-Haqeel

Reading time: 2 MinutesHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, inspected a number of municipal and housing projects in the Tabuk region yesterday to review the progress of work on projects overseen by the regional municipality, in the presence of Tabuk Secretary Engineer Husam bin Muwaffaq Al-Yousef and a number of senior officials from the Ministry and the Secretariat. At the start of the visit, His Excellency met with the Secretariat’s leadership and officials … Read more