Month: September 2024

Sports Ministry launches investment opportunity to build sports and hotel facilities

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Reading time: < 1 MinuteThe Ministry of Sports has launched an investment opportunity to establish, operate and maintain various sports, commercial, hotel and recreational facilities in Medina, including football fields, swimming pools, a cycling track, basketball courts and ground tennis. The project, located on Airport Road and allocated an area of 29,335 square meters, aims to support the capacity of the accommodation and hotel sector in light of the number of visitors and pilgrims, as well as ... Read more

Smart Cities and Smart Buildings. Pink dreams can be hijacked by cyberattacks

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Smart buildings

Reading time: 2 MinutesDreams of living in smart cities or smart buildings can be rosy, as they run into the barrier of high costs on the one hand, and on the other hand, fears of sudden electronic failures or cyberattacks, which can lead to countless issues. Among smart buildings, the Masdar Building in Singapore is a leading example of a smart building that is characterized by high efficiency. Read more

Video. Riyadh Chamber explains the system of selling and leasing off-plan real estate projects

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Reading time: < 1 MinuteThe Riyadh Chamber, in cooperation with the General Authority for Real Estate, organized a meeting last Monday evening, September 2, 2024, during which the system of selling and leasing real estate projects on the map and the new executive regulations were discussed, as the system aims to regulate the activity of selling and leasing real estate projects on the map and raise the level of transparency and disclosure to ensure the protection of the rights of all parties to the contractual relationship. Mr. ... Read more

Suspension of business license fees for hotels, hotel apartments and resorts

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Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

Reading time: 2 MinutesHis Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, issued a decision to suspend the fees for the issuance of commercial activities license for hotels, hotel apartments and residential resorts as of today, Wednesday, September 4, 2024, based on the generous approval issued in this regard, as an extension of the continuous efforts to facilitate procedures and municipal services in Saudi cities, and within the interest in developing the tourism sector and raising ... Read more

Al-Haqeel witnesses ROSHN's partnership with Tarameem to restore and renovate homes across the Kingdom

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Residential program

Reading time: < 1 MinuteHis Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al Haqeel, attended the renewal ceremony of the partnership between ROSHN Group, a Public Investment Fund company, and Tarameem Charity Association, for their pioneering program to renovate homes across the Kingdom, where the two sides agreed for the second year in a row to renovate 100 homes across the Kingdom under the initiatives of ROSHN's “Yahyaik” social responsibility program, ... Read more

Ministry of Justice: More than 5.3 billion square meters of real estate emptied through the real estate exchange

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Residential program

Reading time: < 1 MinuteThe Ministry of Justice revealed the total real estate areas that have been cleared electronically through the real estate exchange, within a year of the launch of the exchange, amounting to more than 5.3 billion square meters. The real estate exchange is a digital platform that provides real estate trading services (buying and selling), mortgage and real estate financing services, as well as sukuk issuance services for requests to sort and merge real estate using real estate identity, and ... Read more

What are the obligations of a landlord to a tenant in a residential lease?

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Ejar - Ejar Platform

Reading time: < 1 MinuteThe Ejar platform clarified the mechanism for determining the obligations in the residential contract between the tenant and the lessor in Ejar, and clarified some of the lessor's obligations in the residential lease contract. Ejar aims to regulate the real estate rental sector in the Kingdom of Saudi Arabia in general, and seeks within its comprehensive vision to work at parallel levels in regulating the various real estate rental sectors in particular, including the residential sector, ... Read more

SAR 816.83 billion in real estate loans by the end of the second quarter of 2024

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Real estate investment

Reading time: 2 MinutesSaudi Central Bank (SAMA) data revealed that real estate loans provided by commercial banks in the Kingdom of Saudi Arabia recorded a remarkable rise of 11.7% by the end of the second quarter of 2024, an increase of 85.55 billion riyals compared to the same period last year. The total volume of real estate loans to individuals and companies reached 816.83 billion riyals, the highest level ever, ... Read more

VIDEO What is the difference between architectural design and interior design?

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Home decoration

Reading time: < 1 MinuteArchitect Turki Al-Husseini explained the difference between architectural design and interior design. «Architectural design depends on the needs of the occupant regarding the number of rooms, building components, and parking lots,» Al-Husseini said on Al-Ekhbariya Radio. He added that interior design is different because it specializes in decorating and beautifying the interior space and includes mosques, companies, homes, and rooms, which requires the designer to ... Read more

“Municipalities and Housing” signs 9 agreements to renovate and furnish 200 homes for needy families

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Residential program

Reading time: 2 MinutesThe Ministry of Municipalities and Housing announced yesterday the signing of 9 partnership agreements and memorandums of cooperation between the Ministry, represented by the Development Housing Agency, the Roshan Group and the Taramim Association, with the aim of enhancing cooperation and partnership between the private and non-profit sectors in restoring and furnishing 200 homes for the neediest families in 7 regions of the Kingdom, under the patronage of H.E. Mr. Majid bin Abdullah ... Read more

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