Month: May 2024

Which cities have the most potential for real estate market growth?

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Reading time: 2 MinutesWhich cities have seen the most growth in their real estate markets? Abdullah Munir Al-Otaibi: In recent years, Riyadh, Jeddah, and Dammam have emerged as the three largest cities in Saudi Arabia in terms of population and economic growth. Riyadh, for example, accounts for 27.71 TP3T of the Kingdom's population increase, followed by the Makkah region at 25.071 TP3T, and the Eastern Province at 15.011 TP3T. On the one hand… Read more

Real estate technology: A new era of innovation and transformation in the real estate industry

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Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

Reading time: 2 MinutesReal Estate Technology: A New Era of Innovation and Transformation in the Real Estate Industry - Hisham Al-Qasim. When we talk about real estate technology, we are exploring a world where beauty blends with innovation, and history with the future. It is a world that reflects humanity's evolution and its desire to build places that reflect sophistication, comfort, and progress. Through the advancement of real estate technology, real estate becomes more than just buildings where people reside; it transforms into… Read more

Start receiving applications for water connections in 6 neighborhoods in Jeddah And steps to apply

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National Water Company

Reading time: < 1 MinuteThe National Water Company has begun accepting customer applications for water connection services in six Jeddah neighborhoods: Al-Huda, Al-Alfiyah 1, Al-Alfiyah 2, Al-Ajawid Al-Sharqi, Prince Fawaz Housing, and Al-Faisal Scheme. This initiative aligns with the company's objectives to implement development projects aimed at enhancing service efficiency, improving service quality, and increasing coverage in neighborhoods currently lacking water networks and environmental services. The company explained that the water network project… Read more

Real Estate Transactions in Dubai Total 15.5 Billion Dirhams in One Week

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Dubai - Real Estate Deals and Sales 

Reading time: < 1 MinuteThe Dubai Land Department revealed that real estate transactions in the emirate exceeded AED 15.45 billion, resulting from 5,028 deals last week. The Dubai real estate market also witnessed over 3,983 sales transactions worth AED 10.63 billion, 736 mortgage transactions worth AED 3.54 billion, and 309 gift transactions worth AED 1.28 million. Read more

New Square Development Company invites design firms to participate in the implementation of the Cube“

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New Square Development Company Logo

Reading time: 2 MinutesThe New Square Development Company – a Public Investment Fund company – has invited design firms in Saudi Arabia, the region, and the world to participate in the development of the iconic architectural centerpiece, “The Cube.” This invitation represents a unique opportunity for leading design and engineering firms to contribute to the creation of a transformative urban destination, the first of its kind globally, that redefines… Read more

Infographic: 54 new industrial licenses issued in the Kingdom in March

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Ministry of Industry logo

Reading time: 2 MinutesThe Ministry of Industry and Mineral Resources issued 54 new industrial licenses during March 2024, distributed across several industrial activities. The manufacturing of non-metallic mineral products led with 9 licenses, followed by the manufacturing of food products with 8 licenses, and then the manufacturing of fabricated metal products with 7 licenses. The manufacturing of chemicals and other materials also received licenses. Read more

Several partnerships signed to develop cadres and increase localization rates in the municipal and housing sectors

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Reading time: 2 MinutesThe Ministry of Municipal and Rural Affairs and Housing signed several agreements aimed at empowering national human resources and increasing Saudization rates in the municipal and housing sectors. These agreements were signed with the Technical and Vocational Training Corporation, the National Building Academy, Tilal Real Estate Company, and the Saudi Technical Institute for Electricity Services, under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail. Read more

Infographic | Learn How to Use the Real Estate Exchange

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Ministry of Justice - Real Estate Exchange

Reading time: < 1 MinuteThe Ministry of Justice has outlined the steps for owners of sole proprietorships to utilize the real estate exchange services. According to an infographic published by the Ministry on its social media account, the steps are as follows: Click on the navigation bar at the top of the page, select Real Estate Agencies, specify the type of agency to be entered (owner of a sole proprietorship), enter the unified national number for the establishment (700), and then click on Verify. Enter the account… Read more

New Square Development Company signs a partnership contract for the construction of the Cube's foundations“

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New Square Development Company Logo

Reading time: < 1 MinuteThe New Square Development Company – a Public Investment Fund company – represented by its CEO Michael Dyke, and HSSG Contracting Company, represented by Ali Korhan, signed a partnership agreement to construct the foundations for “The Cube,” an architectural icon incorporating cutting-edge technologies and visual designs, located in the heart of the New Square. This partnership marks a significant milestone in the New Square development, representing the initial phase of construction and establishing… Read more

“National Housing launches the fourth edition of ”Wa'ed“ program to qualify and train 150 people for the labor market

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National Housing Company

Reading time: 2 MinutesThe National Housing Company (NHC) announced the launch of the fourth edition of its “Waaed” training program, which will train 150 recent graduates with bachelor’s and master’s degrees. The program will run from May 15, 2024, to June 5, 2024. Those interested and meeting the requirements are invited to apply via the link https://nhc.sa/ar/waaed. NHC explained that the program includes several tracks in… Read more

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