Month: May 2024

The Bahja Project: Creation and activation of 474 parks and implementation of 568 urban interventions by the end of the first quarter of 2024

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs, and Housing announced the completion of the construction and opening of 474 parks and the implementation of 568 urban improvements—including streets and public spaces—as part of the “Bahja” in various regions of the Kingdom, from the project’s launch early last year through the end of the first quarter of 2024. This is part of the Ministry’s efforts to improve the quality of life in Saudi cities by developing … Read more

Steps to register developers after the issuance of off-plan sales and leasing regulations

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Off-plan sales

Reading time: < 1 MinuteThe General Real Estate Authority has issued the executive regulations for the system governing the sale and lease of off-plan real estate projects and has begun accepting applications for off-plan project licenses through its online platform. This comes in accordance with the Regulation on the Sale and Lease of Off-Plan Real Estate Projects, issued by Cabinet Decision No. 196 dated 03/04/1445 AH, and its approved implementing regulations, which are published on the Authority’s website. Meanwhile… Read more

Jeddah Hosts the Opening of the Saudi International Furniture and Decor Exhibition 2024

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Grandma

Reading time: < 1 MinuteThe Saudi International Furniture and Decor Exhibition 2024, which focuses on the world of decor and interior design, has kicked off in Jeddah, with the participation of local, regional, and international institutions and companies specializing in the furniture and decor industry. The event runs through May 9, 2024, at the Jeddah International Convention and Exhibition Center. The exhibition serves as an ideal platform for companies specializing in the furniture and decor industry to showcase the latest innovations and trends and present their products to visitors, … Read more

“Enforcement” Oversees 30 Auctions to Sell 161 Properties in 9 Regions Across the Kingdom

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Reading time: < 1 MinuteThe Support and Liquidation Center “Enforcement” announced that it will hold 30 public auctions—both in-person and online—to sell and liquidate 161 residential and commercial properties in nine regions across the Kingdom during the period from May 10–14, 2024. The Center explained that the auctions will be held in various regions across the Kingdom, with 9 auctions taking place in the Riyadh region to offer 54 diverse real estate opportunities, and 5 … Read more

International agency: Why is Saudi Arabia's real estate market more stable than Dubai's?

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Saudi Arabia Foreign Investment

Reading time: < 1 MinuteStandard & Poor’s credit rating agency said that the Saudi real estate market is inherently more stable than that of Dubai, which mitigates the risk of rapid fluctuations in demand that could lead to pricing pressures. The international rating agency attributed this to a number of reasons, including the fact that demand for real estate comes from Saudi Arabia’s larger and more stable population … Read more

Investment opportunity to build, operate and maintain a residential commercial building in Buraydah

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Municipality of Qassim

Reading time: < 1 MinuteThe Al-Qassim Region Secretariat, represented by the General Directorate of Investments, has offered the private sector an investment opportunity in the commercial sector involving the construction, operation, and maintenance of a mixed-use commercial and residential building in the city of Buraidah for a period of 25 years. The recently announced investment opportunity covers an area of 710 square meters, and the deadline for purchasing the bid documents and the date for opening the bids is set for May 14 … Read more

Start receiving applications for off-plan project licenses through the Real Estate Authority's platform

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Reading time: < 1 MinuteThe General Real Estate Authority announced today that it has begun accepting applications for off-plan project licenses through its online platform, in accordance with the Regulation on the Sale and Lease of Off-Plan Real Estate Projects, issued by Cabinet Decision No. 196 dated 1445 / 03/04 1445 AH and its approved implementing regulations, which are published on the Authority’s website. The Authority clarified that the license to conduct sales and leasing activities … Read more

Details... 49 articles promote real estate investment in the executive regulations of the off-plan real estate sales and leasing system

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Who is a real estate developer?

Reading time: 2 MinutesThe General Real Estate Authority issued, today, Tuesday, the executive regulations for the system governing the sale and lease of off-plan real estate projects and began accepting applications for off-plan project licenses through its online platform. This comes in accordance with the Regulation on the Sale and Lease of Off-Plan Real Estate Projects, issued by Cabinet Decision No. 196 dated 04/03/1445 AH, and its approved implementing regulations, which are published on the website … Read more

The General Authority for Real Estate issues the executive regulations for the sale and lease of off-plan real estate projects

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Off-plan Real Estate Projects Real Estate Contributions

Reading time: < 1 MinuteThe General Real Estate Authority announced today, Tuesday, the issuance of the executive regulations for the system governing the sale and lease of off-plan real estate projects. The Real Estate Authority also announced that it has begun accepting applications for off-plan project licenses through its online platform, in accordance with the regulations governing the sale and lease of off-plan real estate projects issued by Cabinet Decision No. 196 dated 1445 / 03 / 04 … Read more

 30. Emir of Riyadh inaugurates development projects worth 2.8 billion riyals

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Riyadh City - Development Projects

Reading time: < 1 MinutePrince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, launched 30 road development projects in the region yesterday, Monday, at a total cost of 2.8 billion riyals. The development projects included the widening of the Riyadh-Al-Rain-Bisha, with a length of 560 kilometers and a cost of 1 billion riyals, and the project to complete the widening of the Eastern Interchange to connect Al-Kharj Governorate with the Dammam Expressway, with a length of 102 kilometers and a cost of … Read more

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