Month: April 2024

Identity and Rasen Real Estate sign marketing and sales agreement for Rasen Taiba scheme in Riyadh

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Identity and Rasen Real Estate sign marketing and sales agreement for Rasen Taiba scheme in Riyadh

Reading time: < 1 MinuteIn the presence of Mr. Moaz bin Mohammed Al-Toman and Mr. Haitham bin Hussein Hakim, Rasen Real Estate and Rasen Real Estate signed an agreement to market and sell the Rasen Taiba plan project in the capital Riyadh. The two companies stated that this plan constitutes a distinctive real estate opportunity for real estate developers and investors in terms of area and number of pieces that vary between commercial and residential, and ... Read more

Jubail Boulevard. A masterpiece of engineering that combines entertainment and commerce

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Jubail Boulevard

Reading time: 2 MinutesOmran Tech Group is one of the leading companies in the field of modern building technologies, where architecture and design are key areas to impose itself with its creativity and innovation, and among its prominent and impressive projects is Jubail Boulevard or also known as Jubail Gateway. The project is an engineering masterpiece that represents a perfect union of art, technology, and sustainability. Jubail Boulevard is an entertainment and leisure project... Read more

Riyadh International Manufacturing Week 2024 kicks off next Monday

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Riyadh International Manufacturing Week

Reading time: < 1 MinuteRiyadh International Manufacturing Week 2024, under the patronage of the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khuraif, will be held from 06 to 09 May 2024, corresponding to 27 to 30 Shawwal 1445 AH, at the Riyadh International Convention and Exhibition Center. Riyadh International Manufacturing Week will feature four major industrial exhibitions under one roof, connecting more than 16,000 ... Read more

Housing Minister discusses with his Chinese counterpart to boost cooperation and investment in building technology and sustainability

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Reading time: 2 MinutesHis Excellency the Minister of Municipal, Rural Affairs and Housing, Chairman of the Housing Program Committee, Mr. Majid bin Abdullah Al-Hogail, discussed today in Beijing with the Minister of Housing and Urban and Rural Development of the People's Republic of China, Ni Hong, ways to enhance aspects of cooperation between the Kingdom and China in areas of common interest, in the presence of His Excellency the Ambassador of the Custodian of the Two Holy Mosques to China, Mr. Abdulrahman bin ... Read more

Saudi Real Estate Development and Ownership Exhibition kicks off in Jeddah on May 14

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Grandma

Reading time: < 1 MinuteFrom May 14 to 17, Jeddah Governorate will witness the launch of the Saudi Real Estate Development and Ownership Exhibition “Ceredo 2024” at the Jeddah Center for Forums and Events, under the auspices of the Ministry of Municipal and Rural Affairs and Housing, with the participation of a number of government agencies, real estate developers and financing entities, in addition to experts and specialists in the real estate and investment field. It aims ... Read more

Highest in the world 98% Luxury office occupancy in Riyadh

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Riyadh - Saudi Real Estate Market

Reading time: < 1 MinuteFaisal Durrani, head of Middle East research at Knight Frank, said that the occupancy rate of luxury offices in Riyadh has reached 98%, which is among the highest in the world. He added during an interview with Al Sharq Bloomberg that the decision to grant privileged residency to owners of real estate worth at least 4 million riyals. The decision to grant privileged residency to owners of real estate worth at least 4 million riyals was one of the biggest ... Read more

President of the World Economic Forum: The Kingdom's development reflects its economic ambition

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Reading time: < 1 MinuteWorld Economic Forum President Borge Brende extended his thanks and appreciation to the Government of the Kingdom of Saudi Arabia for hosting the special meeting of the World Economic Forum under the theme: “International Cooperation, Growth and Energy for Development”, expressing his happiness and the Forum's guests for the efforts made to hold the first meeting of its kind. During his speech at the special meeting of the World Economic Forum, held under the theme: “International Cooperation, Growth and Energy for Development,” Burg Brende ... Read more

Banks inject SAR 160 billion worth of real estate financing into companies

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Real Estate Finance

Reading time: 2 Minutes  767.2 billion riyals of real estate financing by the end of 2023 The latest data issued by the Saudi Central Bank (SAMA) revealed that the total value of real estate financing provided by banks to companies and individuals recorded about 767.2 billion riyals by the end of last year 2023. The data showed that real estate financing provided by banks to companies amounted to 160 billion riyals, while financing ... Read more

Increasing rental prices for residential real estate. Between randomness and deliberate mechanism

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Increasing rental prices for residential properties - survey

Reading time: 5 MinutesThe increase in residential real estate rental prices. The phenomenon of rising residential rents has led to many fears among tenants who are surprised by unexpected increases in the rental value that the family did not take into account, which leaves the head of the family in front of two bitter choices: squeezing the budget or eviction. Amlak newspaper conducted an extensive survey on the ideal mechanism for assessing ... Read more

Reasons for high rents in major cities

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Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 Minute1- The balance between supply and demand for residential rents is out of balance. 2- Increased population growth in major areas, especially Riyadh. 3- Requiring companies that have contracts with the state to open their headquarters in Riyadh. 4- Increasing migration from villages to the capital in search of job opportunities and university education. ... Read more

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