Month: April 2024

Sharqiya Municipality offers the opportunity to invest in Sehat Lake as a tourist and recreational park

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Eastern Province Municipality - Residential Plans

Reading time: < 1 MinuteThe Eastern Province Municipality, in cooperation with the Area Development Authority, has launched the investment opportunity (establishment, development, operation and investment of Sehat Lake as a tourist and recreational park) on an area of more than 600 thousand square meters with a limited building ratio of 5% to give more spaces for visitors and hikers. The investment opportunity includes the establishment of recreational, tourism and sports projects, restaurants and cafes, in addition to a range of multiple supporting activities. Read more

Saudi Arabia's real estate projects attract the attention of expats and foreigners

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Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

Reading time: 2 MinutesReal estate research firm Knight Frank said it surveyed 241 expatriates in Saudi Arabia to understand their attitudes, aspirations and desires for real estate investment in the Kingdom. Of the respondents, 56% have been living in the Kingdom for more than 10 years and 76% work in the private sector. 29% of expatriates residing in Saudi Arabia showed a desire to buy a home in ... Read more

An investment opportunity in Medina to create a labor housing city

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Medina Municipality headquarters - an investment opportunity

Reading time: < 1 MinuteMedina Municipality has announced the launch of an investment opportunity to establish, operate and maintain a workers“ housing city in Abu Markha neighborhood. The Municipality has allocated a land area of 6,000 square meters for the establishment of the city, and a contract period of 10 years, calling on investors to submit their applications through the ”City Investments" platform during ... Read more

“Nafaa delivers 974 families their housing units in cooperation with the Development Housing Program

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Reading time: < 1 MinuteDuring the current month of Ramadan, Nafaa Charitable Society completed the inspection of (177) housing units, in preparation for handing them over to the families benefiting from the Society's services; as part of the Society's agreement with the Ministry of Municipal and Rural Affairs and Housing represented in the Development Housing Program; one of the Ministry's initiatives for the most needy beneficiaries of support from charitable societies licensed and approved by the National Center for Nonprofit Sector Development (NCNPSD). He valued ... Read more

“Wafi issues 750 qualification certificates for off-plan sales and leasing in 2023

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Off-plan sales

Reading time: < 1 MinuteThe off-plan sales and leasing committee “Wafi” said that 750 qualification certificates were issued to enter the activity of selling and leasing on the map during the past year 2023. “Wafi” explained in an infographic published on its account on the “X” platform, that the certificates that were issued were distributed as follows: 350 real estate companies. 189 engineering consultants. 152 chartered accountants. 59 real estate marketers.

192.2 billion riyals in real estate fund assets in Saudi Arabia by the end of 2023

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Trading

Reading time: < 1 MinuteData from the Capital Market Authority (Tadawul) revealed that the number of real estate funds, whether traded in the financial market and non-traded, increased to 427 real estate funds by the end of last year 2023, with a growth rate of 56.4% compared to 2022. The authority explained that the volume of real estate fund assets during the same period increased by 29.1% to 192.2 billion riyals compared to 148.8 billion riyals ... Read more

General Authority for Real Estate adopts regulations for qualifying and classifying real estate contribution practitioners

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Off-plan Real Estate Projects Real Estate Contributions

Reading time: < 1 MinuteThe Board of Directors of the Public Authority for Real Estate approved the regulations governing the qualification and classification of practitioners of real estate contributions, based on the powers granted to it by law. This came during the twenty-sixth meeting of the Board of Directors of the General Real Estate Authority, chaired by H.E. Minister of Municipal and Rural Affairs and Housing, Chairman of the Board of Directors of the Authority, Mr. Majid bin Abdullah Al-Hogail, in the presence of the CEO of the Authority, Eng. Read more

Property owners in 5 neighborhoods in Riyadh are invited to register their properties in the Real Estate Registry

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Riyadh - Saudi Real Estate Market

Reading time: < 1 MinuteThe General Authority for Real Estate announced the start of registration for five beneficiary neighborhoods in Riyadh as part of the fourth phase of the real estate registry, namely: Al-Huda neighborhood, part of Sidra neighborhood, part of Al-Shalaa neighborhood, part of Al-Fursan neighborhood, and Al-Nakhba neighborhood, where registration will continue until the end of July 4, 2024, corresponding to 28 Dhu Al-Hijjah 1445 AH. The Authority ... Read more

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