Month: June 2024

Barcelona plans to abolish renting apartments to tourists to ease the housing crisis

by

Reading time: < 1 MinuteThe city of Barcelona, located in northeastern Spain, plans to phase out vacation rentals by the end of 2028, in a cautious move aimed at addressing the city’s acute housing shortage. Barcelona Mayor Jaume Colboni said that all apartments currently legally rented to tourists for short-term stays will then be available for use by residents. Colboni stated at a conference … Read more

Infographic: Real estate registration for 51293 real estate plots in 8 neighborhoods in Riyadh begins today

by
Riyadh - Saudi Real Estate Market

Reading time: 2 MinutesReal estate registration for 51,293 parcels in eight neighborhoods of Riyadh began today, starting on June 23, 2024, corresponding to 17 Dhu al-Hijjah 1445 AH, through the end of September 26, 2024, corresponding to Rabi’ al-Awwal 23, 1446 AH. Neighborhoods Benefiting from the Real Estate Registry The General Real Estate Authority clarified that the neighborhoods benefiting from the real estate registry at this stage include the following: … Read more

Jazan Municipality offers investment opportunity to operate and maintain the heritage village

by

Reading time: < 1 MinuteThe Jazan Region Secretariat announced a long-term investment opportunity, with a contract term of up to 25 years, through the “Furs” municipal investment portal, The Secretariat clarified that the opportunity involves the development, operation, and maintenance of a heritage village, along with its supporting services, on an area of 141,238.68 square meters opposite the southern corniche of Jazan City. The Secretariat invited all investors and entrepreneurs interested in … Read more

Infographic: Mining is the fastest growing sector globally in the investment environment

by
Mining

Reading time: 3 MinutesThe Kingdom has made significant progress in the global assessment of investment risks in the mining sector published by MineHutte in collaboration with Mining Journal, achieving the fastest global growth in the development of a regulatory and infrastructure environment conducive to investment over the past five years (2018–2023), since the launch of the sector’s transformation program, beginning with the development of the sector’s legislative framework and regulatory framework, until the Kingdom became a “preferred destination” for investment in … Read more

“Al Ghafis Real Estate Group offers 8 real estate assets in the Riyadh Summits Auction

by

Reading time: < 1 MinuteAl-Ghafis Real Estate Group has completed its preparations to offer a number of distinctive real estate investment opportunities at the “Riyadh Summits Auction” online, which will take place at 4:00 p.m. tomorrow, Sunday, June 23, 2024, on the Mubasher Real Estate Auction Platform (Real Estate), and will conclude on Wednesday, June 25, 2024. The auction is being conducted under the supervision of the Enforcement and Liquidation Center (“Infaaz”), pursuant to a decision by the Enforcement Court and a ruling by the Family Court … Read more

4 inexpensive steps to freshen up your home decor

by
Bedroom Decorations

Reading time: < 1 MinuteRedecorating the rooms in your home can be very expensive and require a lot of time and effort, but many women prefer to update their homes from time to time to keep up with current trends—even if it’s just redecorating the bedroom and giving it a unique touch. So here are some tips and accessories that add sophistication and elegance and are in line with the 2024 decor trends for home interiors. … Read more

9 Real Estate Opportunities at the Al-Nahda Public Auction in Madinah

by
Al-Nahda Auction, Riyadh

Reading time: < 1 MinuteAl-Ghanim Real Estate and Public Auctions Foundation, under the supervision of the Enforcement and Liquidation Center «Enfaaz» and by decision of the Enforcement Court, announces the holding of an “Al-Nahda” hybrid auction (online and in-person) on Wednesday, June 26, 2024, at 4:00 p.m., to be held in-person at the Le Meridien Hotel in Madinah and online via the Saudi Auctions Platform. The auction features 9 rare residential, agricultural, and commercial real estate opportunities in strategic and vibrant locations in … Read more

The Medina Municipality is offering an investment opportunity to build and operate a hotel project

by
Medina Municipality headquarters - an investment opportunity

Reading time: < 1 MinuteThe Medina Municipality has announced an investment opportunity to build, renovate, operate, and maintain a commercial hotel project in the Al-Khalidiyah neighborhood of Medina. The Medina Municipality explained that the project, which aims to boost tourism and stimulate investment, is located on a site covering approximately 16,736.01 square meters, and includes 574 parking spaces. It invites investors and entrepreneurs to learn more about this investment opportunity by visiting the accounts… Read more

Building Markets Index ranks New York as the most expensive city to build in

by
U.S. real estate prices

Reading time: < 1 MinuteA study of global construction market indicators released by the real estate consulting firm Turner & Townsend revealed that New York City topped the list of the world’s 10 most expensive construction markets for the second consecutive year. The study projected that the average construction cost in New York City will reach $5,723 per square meter this year, a 5% increase compared to last year, while … Read more

What are the financial penalties for not filing financial statements by Saudi companies?

by
Ministry of Commerce - Saudi Companies

Reading time: 2 MinutesHis Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al-Qasabi, issued a ministerial decision imposing an immediate penalty on anyone who fails to fulfill their obligation to file financial statements, in accordance with the provisions of the Companies Law and its implementing regulations, with the decision to take effect as of July 1, 2024. According to the ministerial decision, which was published in the official gazette “Umm al-Qura,” … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.