Month: March 2024

U.S. real estate prices rise to pre-coronavirus levels

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U.S. real estate prices

Reading time: 2 MinutesIn a recent report, US-based Redfin Real Estate revealed that US real estate prices rose by 0.6% from the previous February. According to the company, this is in line with the average monthly gain of 0.6% in the eight years prior to the COVID-19 pandemic, according to CNBC. Daryl Fairweather, chief economist at ... Read more

Architecture and Design Authority launches “Design Studio Award” for graduation projects

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Architecture and Design Authority

Reading time: < 1 MinuteThe Architecture and Design Authority (ADA) has launched the “Design Studio Award” to celebrate outstanding graduation projects for bachelor's degree programs in architecture and design for Saudi students in universities and colleges inside and outside the Kingdom, and for non-Saudis inside the Kingdom, including both those expected to graduate during the current academic year and those who graduated during the previous three academic years. The “Design Studio Award” comes within the endeavors of ... Read more

Steps to open a real estate escrow account

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During the launch of the real estate contributions licensing platform

Reading time: < 1 MinuteThe Official Gazette “Umm Al-Qura” published, in its issue issued last Friday, the controls of the escrow account for real estate contributions, issued by the decision of the Board of Directors of the General Authority for Real Estate No. (Q/M/E/E/2/2024/T) dated 07/18/1445 AH. According to the Umm Al-Qura newspaper, the second article of these regulations clarifies the mechanism for opening a real estate contribution escrow account as follows: Article Three: 1- Opening ... Read more

“Red Sea International signs agreement with Hyundai Motor to provide eco-friendly transportation solutions

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Red Sea International Signs Agreement

Reading time: 2 MinutesRed Sea International (RSI), the developer of the Red Sea and Amaala destinations, has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group to collaborate on innovative sustainable transportation solutions at RSI's destinations and explore any future opportunities to provide innovative solutions in this sector. The MoU was signed in the presence of Red Sea International's Chief Executive Officer, ... Read more

With 150 million riyals The Custodian of the Two Holy Mosques and the Crown Prince

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Custodian of the Two Holy Mosques and Crown Prince

Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, made a generous donation of 150 million riyals to the Joud Regions Campaign of the Joud Housing Platform, as part of their continuous attention and support ... Read more

Video | Handing over 198 housing units in the northern borders to needy families in Joud ceremony

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Northern Borders Emir

Reading time: < 1 MinuteHis Royal Highness Prince Faisal bin Khalid bin Sultan bin Abdulaziz, Governor of the Northern Borders Region, attended the Northern Borders Region Goodwill Gala last Saturday evening, in the presence of a number of Their Excellencies, a number of officials and major donors in the region. His Royal Highness Prince Faisal bin Khalid bin Sultan expressed his thanks to businessmen and major donors in the region for their support, which resulted in ... Read more

Emir of Tabuk hands over 292 housing units as part of developmental housing program

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Emir of Tabuk - Developmental Housing Program

Reading time: 2 MinutesHis Royal Highness Prince Fahd bin Sultan bin Abdulaziz, Emir of Tabuk Region, patronized the annual meeting of charitable societies operating in the region, and handed over 292 housing units within the developmental housing. The ceremony began with the Holy Quran, then a visual presentation on the achievements of the associations in the region for the year 1445 AH, followed by ... Read more

Amir Al Baha hands over a number of housing units to beneficiaries of developmental housing in the region

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Amir Al Baha hands over a number of housing units

Reading time: < 1 MinuteHis Royal Highness Prince Dr. Hussam bin Saud bin Abdulaziz, Governor of Al Baha region, praised the attention and care given by the wise leadership - may Allah support it - to the people of the country to enjoy well-being and a decent life. During the handover of a number of housing units to beneficiaries of developmental housing in the region, His Royal Highness praised the support and attention given to the housing sector by the ... Read more

5.6 % Saudi cement companies' sales decline last month

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Reading time: < 1 MinuteSales of cement companies in Saudi Arabia fell by 5.6% in February, compared to the same period in 2023. According to the monthly data of cement companies, total cement sales (domestic and export deliveries) fell to 4.3 million tons in February, compared to 4.56 million tons for the same month last year. While domestic deliveries of cement recorded 4.2 mn ... Read more

Social Responsibility for All

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Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Reading time: < 1 MinuteSocial responsibility for all Abdulaziz Al-Issa Social responsibility is a cornerstone of the real estate sector, whose employees are known for their generosity, generosity, giving and understanding the circumstances of others, which earned it a special economic advantage, as it is a necessary pillar that cannot be dispensed with by man (individual or institution); so the need for it has become urgent and visible, no matter how hard the defaulters and low-income people ... Read more

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