Month: June 2024

Real estate registration in 8 neighborhoods east of Riyadh begins on Dhul Hijjah 17

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Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: < 1 MinuteThe General Real Estate Authority announced the start of real estate registration for 51,293 parcels of land in eight neighborhoods in the city of Riyadh, beginning 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 Real Estate Registration The Authority clarified that the neighborhoods benefiting from real estate registration at this stage include … Read more

18,000 m2 of abandoned buildings and more than a thousand linear meters of dilapidated fences removed in Khobar

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Removal of dilapidated and abandoned buildings

Reading time: < 1 MinuteLast May, the Eastern Province Municipality carried out work to demolish 18,000 square meters of abandoned buildings and 1,020 linear meters of dilapidated fences, as well as a number of shacks, rest areas, informal camps, and sheds within residential neighborhoods in Al-Khobar Governorate. It also renovated 15 buildings and improved their facades as part of its efforts to eliminate visual eyesores and enhance the urban landscape. The Eastern Province Municipality affirmed that it will continue its efforts … Read more

Al-Haqeel signs a contract for flood drainage in Buraydah at a cost of more than 108 million riyals

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Al-Haqeel

Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, (electronically) a contract for a project to reinforce the flood drainage system networks via horizontal drilling from Al-Naq’ah Lakes to Wadi Al-Ruma in the city of Buraidah, at a total cost of (108,955,699) riyals. The Secretary of the Al-Qassim Region, Engineer Muhammad bin Mubarak Al-Majali, explained that the project is one of a series of projects being undertaken by the Secretariat … Read more

Qassim Cement acquires Hail Cement, increases capital to SR 1.105 billion

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Reading time: < 1 MinuteThe extraordinary general meetings of Al-Qassim Cement and Hail Cement, held yesterday, approved the acquisition. The two companies said in separate statements on Tadawul that the general assemblies approved an increase in Al-Qassim Cement’s capital from 900 million riyals to 1,105.59 million riyals, for the purpose of acquiring all 97.9 million shares of Hail Cement. … Read more

Infographic: 9 steps to create and document a brokerage contract between broker and landlord

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Public Authority for Real Estate - Off-plan Selling

Reading time: < 1 MinuteThe General Real Estate Authority stated that the real estate brokerage system allows real estate brokers to determine the sales or rental commission based on the agreement between the parties in the contract. In an infographic posted on its “X” social media account, the Authority outlined nine steps for creating and notarizing a brokerage contract between the broker and the owner via the brokerage platform, as follows: Log in to the brokerage platform. Select the service … Read more

Infographic: Kadana Al Wadi A residential project with 10 towers to serve more than 30,000 pilgrims

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Reading time: 2 MinutesThe “Kadana Al-Wadi” residential towers—a modern, multi-story development in Mina—represent a unique architectural model in terms of the quality of services provided to the guests of Allah during this year’s Hajj season, 1445 AH, The 10 towers accommodate more than 30,000 pilgrims with modern designs inspired by the architectural identity of the holy sites, aimed at enhancing the urban landscape and providing a reassuring experience for the guests of Allah. … Read more

“NHC announces NHC Milestones program, an umbrella program for projects and facilities

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National Housing Company

Reading time: < 1 MinuteThe National Housing Company (NHC) announced the “NHC Landmarks” program, which serves as an umbrella for numerous projects and facilities the company is developing in collaboration with major private-sector companies and service providers at the local, regional, and global levels, with the aim of creating a platform for major projects and facilities and showcasing the new partnerships it plans to establish in its suburbs and urban communities. The National Housing Company explained that the “NHC Landmarks” program comprises six tracks … Read more

“ROSHN signs MoUs with 4 local banks to provide leading financial services to its partners

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Roshan Real Estate Company - Residential Projects

Reading time: < 1 MinuteRoshen Group—one of the major projects wholly owned by the Public Investment Fund—has entered into agreements with four major Saudi banks: Arab National Bank, Al-Bilad Bank, Al-Jazira Bank, and Riyad Bank, which will provide a range of financial services under these memorandums of understanding. The signed memorandums of understanding will include the provision of tailored banking services to sub-developers working with Roshen Real Estate Group, thereby reinforcing the Group’s strategy to support … Read more

“Municipality and Housing” signs a memorandum of cooperation with the Saudi Accreditation Center in the field of control and consultation

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Residential program

Reading time: < 1 MinuteYesterday, the Ministry of Municipal, Rural Affairs, and Housing signed a memorandum of cooperation with the Saudi Accreditation Center, with the aim of collaborating and exchanging expertise in the field of oversight and consulting, under the patronage of His Excellency the Minister of Municipal, Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail. Representing the Ministry of Municipal, Rural Affairs, and Housing at the signing ceremony was the Undersecretary for Licensing and Project Coordination, Engineer Muhammad bin Ibrahim Al-Melhem, while … Read more

“Enforcement oversees 26 auctions to sell 351 properties in 10 regions

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Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaaz” announced that it will hold 26 public auctions—both in-person and online—to sell and liquidate 351 residential and commercial properties, as well as a number of vehicles in 10 regions across the Kingdom, during the period from June 11 to 31, 2024. The Center explained that the auctions will be held in various regions throughout the Kingdom, with four auctions scheduled in the Riyadh region to offer 25 … Read more

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