Month: August 2024

The impact of foreign investment on the real estate market

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Abdulrahman Al-Qout - Real Estate Sales - Multiple Options - Selling Residential Units

Reading time: 2 MinutesThe Impact of Foreign Investment on the Real Estate Market Abdulrahman bin Ali Al-Qut The Kingdom of Saudi Arabia has announced fundamental amendments to its foreign investment regulations, which will take effect at the beginning of 2025. Among the most notable of these amendments are equal treatment of local and foreign investors, and allowing foreign investors to freely transfer their funds in and out of the Kingdom without delay. The law also includes … Read more

Real estate portfolio diversification

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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 MinutesDiversifying Your Real Estate Investment Portfolio Hisham Al-Qasim In the world of real estate investing, diversification is the key to success. Instead of putting all your eggs in one basket, you should spread your investments across a variety of real estate assets. This approach will protect your portfolio from market fluctuations and ensure stable cash flow in the long term. But what tools can you use … Read more

How can you overcome the challenges of buying real estate?

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Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 MinuteHow can you overcome the challenges of buying a home? Matar Al-Shammari: Before deciding to purchase residential property through a mortgage, you should have a purchase plan and study the real estate market in terms of quality and price, comparing it with your financial capabilities. It is also best to understand the details of the mortgage before choosing a residential unit so that your decision rational rather than emotional, which is very important… Read more

Cooperation between the General Authority for Real Estate and the Presidency of State Security to protect the real estate sector from exploitation

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Reading time: < 1 MinuteThe General Real Estate Authority announced that the State Security Presidency, represented by the Standing Committee for Combating Terrorism and Its Financing, has signed a coordination memorandum with it. According to an infographic published by the Authority on its social media account “X,” the memorandum aims to coordinate joint cooperation to ensure the real estate sector is protected from exploitation, raise awareness of related risks, commit to implementing relevant targeted financial sanctions, and build capacity … Read more

Saudi Arabia's sports investment leaps and bounds

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Dr.. Dr. Moans Shujaa writes about: Teamwork and Startups

Reading time: < 1 MinuteDr. Moanes Shujaa The importance of sports and its practice is no secret to many, and perhaps what is indicated by the Kingdom's targets for Vision 2030, which are represented in improving physical and social well-being, healthy lifestyles and quality of life, the Ministry of Sports has identified five axes to create sports awareness and create a society in which physical activity prevails. On the investment side, the ministry has achieved significant growth ... Read more

“Red Sea International signs contract to build staff camp in NEOM

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NEOM's logo

Reading time: < 1 MinuteSaudi Red Sea International has signed a contract worth 658 million riyals ($175.35 million) with Webled S.P.A. to build a “staff camp” for the Trojina Dam project, part of the NEOM initiative. The company said in a statement published yesterday on the Saudi Tadawul Group’s website that the 12-month contract covers the design, manufacture, supply, and installation of prefabricated buildings comprising units … Read more

“SRC and King Street sign MoU to explore additional solutions in the real estate finance market

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Saudi Mortgage Refinancing

Reading time: 2 MinutesThe Saudi Real Estate Refinance Company (SRC)—a subsidiary of the Public Investment Fund—signed a memorandum of understanding in New York City with “King Street”; with the aim of cooperation and partnership between the two sides in the real estate finance sector, in the presence of His Excellency the Minister of Municipalities and Housing, Chairman of the Board of Directors of the Saudi Real Estate Refinance Company, Mr. Majid bin Abdullah Al-Hogail. The memorandum … Read more

Makhwah Chamber discusses real estate development programs in a workshop

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Reading time: < 1 MinuteThe Al-Makhwah Chamber, in collaboration with the Al-Baha Region Secretariat and the Housing Affairs Agency, organized a workshop yesterday titled “Transformation and Empowerment Programs for Real Estate Development.“ The workshop, attended by a number of individuals interested in real estate in the region, covered topics such as an introduction to real estate development programs and the Real Estate Incentive Platform, as well as the transformation and empowerment program for real estate developers, stimulating and developing the housing supply, investment opportunities, and encouraging the private sector … Read more

11 investment opportunities for medical, commercial and educational complexes in Rania Governorate

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Taif Municipality - Building Code Enforcement Tours

Reading time: < 1 MinuteThe Taif Secretariat, represented by the Rania Municipality, has put 11 investment opportunities up for public bidding on “Fursat,” the investment portal for Saudi cities. The investment opportunities included the construction of medical clinic complexes, private schools, and gas stations, as well as the operation of electronic billboards and commercial complexes and retail stores. Those interested in investing and learning more about each opportunity are invited to visit the “Fursat” portal.

How do you get access to the lands of the residential plans?

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Residential program

Reading time: < 1 MinuteThe Sakani platform has clarified the process for viewing residential development plots and reserving units and plots for beneficiaries. This came in a response from the Sakani platform via the “Beneficiary Care” account on X (formerly Twitter) to a beneficiary’s question regarding the mechanism for reserving and viewing residential plans. Reserving residential plots: The Sakani program responded by saying, “Greetings, you can visit the residential land plots page to view … Read more

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