Reading time: < 1 MinuteThe Dubai Land Department in the United Arab Emirates revealed that real estate transactions in the emirate's market amounted to about 11.5 billion dirhams, equivalent to 3.13 billion dollars, during the past week. The Dubai Land Department said in a statement that Dubai witnessed 3,677 sales worth 8.36 billion dirhams, including 192 land sales worth 2.61 ... Read more
Reading time: 2 MinutesThe U.S. commercial real estate sector is facing a growing crisis, with growing concerns over a massive $560 billion in debt maturing through 2025, exacerbated by the rise of remote work and rising U.S. interest rates. Regional banks are even more exposed, with commercial real estate loans making up 28.7% of their assets. While some banks, such as New York Community Read more
Reading time: 3 MinutesGreen technology has become one of the essential components of smart homes, which provide an eco-friendly life by minimizing energy consumption, waste, or harmful effects on the environment, to help the planet in the face of climate change. So, here are 8 ways to add green technology to smart homes. 1- Minor tweaks don't mean going green in your home... Read more
Reading time: 3 MinutesMany smart home owners want to provide more protection and security for their residences, and they resort to purchasing surveillance cameras along with armored doors, and when it comes to choosing the perfect CCTV camera for your home, there are several factors to consider. There are several factors to consider. While resolution and field of view are important to capture clear images and cover a wide area. Smart connectivity and integration provide more... Read more
Reading time: < 1 MinuteThe General Real Estate Authority (GRA) signed a Memorandum of Understanding (MoU) with Alfaisal University to establish a framework for the development of programs related to real estate activities and human capacity development, as part of the Authority's efforts to raise professional standards in the real estate sector in the Kingdom. The memorandum was signed by Abdullah bin Saud Al Hammad, CEO of the Authority, and Dr. Mohammed bin Ali Al Hayaza, President of Alfaisal University. The memorandum focuses on ... Read more
Reading time: < 1 MinuteThe Saudi Industrial Development Fund (SIDF) provides the services of the Industrial Digital Transformation Program, which is an e-service that enables industrial investors to request the Industrial Digital Transformation Program to develop the transformation map to the fourth generation of industry and improve productivity by employing the latest technologies, developing work mechanisms and raising the efficiency of operations. Steps of the Industrial Digital Transformation Service - Click on the login icon - ... Read more
Reading time: 2 MinutesSaudi Central Bank (SAMA) data revealed that the volume of new housing finance provided to individuals in the Kingdom of Saudi Arabia decreased during the past year 2023; by 42.57 billion riyals, compared to the results of 2022, a decrease of 34.5%. The latest data issued by SAMA showed that the value of new housing finance provided to individuals in the Kingdom from banks and finance companies recorded 80.81 billion riyals ... Read more
Reading time: 2 MinutesThe General Authority for Statistics (GASTAT) released today the annual Foreign Direct Investment (FDI) statistics bulletin for the year 2022 in the Kingdom, in addition to the third quarter 2023 bulletin, which is the first time that GASTAT published these indicators after adopting the methodology for calculating it last October. According to the results of the bulletin, the total balance of foreign direct investment in the Kingdom amounted to 762 ... Read more
Reading time: 2 MinutesThe National Platform for Charitable Work ”Ihsan Platform” honored Roshan Group for its outstanding charitable work, at its annual ceremony held recently under the patronage of His Royal Highness Prince Mohammed bin Salman Al Saud, Crown Prince and Prime Minister, and in the presence of His Royal Highness Prince Faisal bin Bandar, Governor of Riyadh Region, and a number of royal ... Read more
Reading time: < 1 MinuteThe Assignment and Liquidation Center (Enforcement) announced the holding of 51 public auctions, starting from February 1 to 19, 2024, where the auctions vary between in-person and electronic auctions to sell and liquidate 486 residential and commercial properties in 12 regions of the Kingdom. It is noteworthy that the Enforcement Center is an independent government center, which is one of the initiatives of the National Transformation Program within ... Read more
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Imad Al-Abdulrahman