Month: January 2024

Al-Qwaiz at the Future of Real Estate Forum: Real estate funds are one of the most important sources of funding for the real estate sector in Saudi Arabia

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Reading time: < 1 MinuteHis Excellency the Chairman of the Capital Market Authority (CMA), Mr. Mohammed bin Abdullah Al Quwaiz, stressed during his participation in the Future of Real Estate Forum that there are great financing requirements to turn the ambition in the real estate sector into reality, especially in light of the housing programs, ambitious plans for ownership, and major projects. His Excellency said during his participation in the ministerial session of the Future of Real Estate Forum... Read more

Future of Real Estate Forum discusses the role of artificial intelligence and its impact on smart cities

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Future of Real Estate Forum

Reading time: < 1 MinuteThe Undersecretary of Digital Transformation and Smart Cities at the Ministry of Municipal and Rural Affairs and Housing, Engineer Musaed Al-Otaibi, said during his participation in the Future of Real Estate Forum that the Kingdom's cities have a high rating and are among the best cities in the world in digitization, stressing the importance of facilitating doing business through easy access to the Internet until we reach smart cities and a strong digital transformation, in addition to the process of engaging ... Read more

Al Abbar unveils new project in Saudi Arabia worth SAR 6 billion at the Future of Real Estate Forum

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Reading time: < 1 MinuteThe founder and chairman of Eagle Hills, Mohamed Alabbar, revealed during his participation in the Future of Real Estate Forum that the company will announce a new project in partnership with the Public Investment Fund (PIF) within a month. During a panel discussion at the Kingdom's Future of Real Estate Forum on Tuesday, Alabbar said that the project is worth about 6 billion riyals ($1.6 billion) and will be ... Read more

Sakan signs a number of agreements on the sidelines of the Future of Real Estate Forum

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Future of Real Estate Forum

Reading time: < 1 MinuteThe Community Development Housing Corporation (Sakan) participated in the Future of Real Estate Forum, which was held in Riyadh from 22nd to 24th of this month. On the sidelines of the Future of Real Estate Forum, Sakan signed several agreements aimed at stimulating housing giving and community contribution to support the neediest families through the Joud Housing platform and raise awareness of the beneficiaries of developmental housing programs, ... Read more

Future of Real Estate Forum reviews women's participation in the real estate sector

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Reading time: < 1 MinuteThe Future of Real Estate Forum reviewed the role of women in national development, the great leaps made by the Kingdom and its implementation of the goals of the vision. Giovanna Carnevale, Executive Director of Urban Planning at ROSHN, emphasized the importance of the prominent role of women in society, which has made a significant impact in the real estate field through purposeful planning for the required change, ... Read more

The Governor of Standards and Quality at the Future of Real Estate Forum: Conformity of construction and building products rises to 84.04%

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Reading time: < 1 MinuteHis Excellency the Governor of the Saudi Standards, Metrology and Quality Organization (SASO), Dr. Saad bin Othman Al-Qasabi, announced during his participation in the Future of Real Estate Forum that the conformity index for construction products offered in the Kingdom's markets in 2022 will increase by 84,04%, compared to 60% in 2020. Al-Qasabi explained that this comes as a result of the issuance of technical regulations to improve the quality of construction and building products. Read more

Future of Real Estate Forum explores the quality of model neighborhoods and how to shape cities

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Future of Real Estate Forum

Reading time: < 1 MinuteThe Assistant Undersecretary of Riyadh Municipality for Urban Planning, Engineer Saleh Al Saif, spoke during his participation in the Future of Real Estate Forum about the importance of quality of life in cities and neighborhoods by creating economic opportunities, education, transportation, a healthy environment, safe living and environmentally friendly cultural activities. He explained during his participation in a session titled “We Shape Our Cities” as part of the ... Read more

President of the Real Estate Fund: 755 thousand financing contracts worth 465 billion riyals until the end of 2023

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Reading time: 2 MinutesThe CEO of the Real Estate Development Fund, Mansour bin Madi, explained during his participation in the Future of Real Estate Forum, that the programs and financing solutions for housing support enabled more than 755 thousand beneficiaries to sign their financing contracts with a total value of more than 465 billion riyals during the period from 2017 to the end of 2023. During his participation in a panel discussion titled “Enhancing Access ... Read more

A quarter of a trillion riyals in investments by the National Housing Company. Targeting another 6 billion

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Reading time: 2 MinutesDuring his participation in the Future of Real Estate Forum, the CEO of the National Housing Company (NHC), Mohammed bin Saleh Al Batti, announced that all citizens can reserve and purchase housing units in the company's projects located in suburbs and urban communities without the requirement of housing subsidies. This came during his participation in a panel discussion titled ”The Real Estate Sector in the Gulf Region: A Promising Future for Transformation”, ... Read more

Minister of Justice: More than 20,000 real estate deeds suspended and canceled during the past period

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Minister of Justice

Reading time: < 1 MinuteThe Minister of Justice, Dr. Walid Al-Samaani, announced that the ministry has lifted the suspension and cancellation of more than 20,000 real estate instruments during the past period, pointing out that when the main instrument is canceled, its subsidiary instruments within the approved plans do not apply to this cancellation. During his participation in the third edition of the Future of Real Estate Forum, Al-Samaani said... Read more

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