Month: September 2024

Today. The first edition of Fintech24 kicks off in Riyadh to strengthen the global financial ecosystem

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Reading time: 3 MinutesAs part of Saudi Arabia's efforts to become a major fintech hub, the first edition of Fintech 24, a three-day international conference hosted by the Financial Sector Development Program (FSDP), the Saudi Central Bank (SAMA), the Capital Market Authority (CMA) and the Insurance Authority (IA), will kick off today at the Riyadh Frontier Exhibition and Convention Center, and is co-organized by ... Read more

To create commercial and residential complexes 4 investment opportunities in Al Baha

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Reading time: < 1 MinuteAl-Bahahah Municipality announced the launch of four investment opportunities in multiple locations in Al-Bahahah city, through the municipal investment portal “Forooz”. The investment opportunities included the construction, operation, maintenance and management of a commercial building on an area of 8,193 square meters, in addition to the construction, operation, maintenance and management of a commercial complex on an area of 287.95 square meters for a period of 25 years, and the construction, operation and maintenance ... Read more

7.07 billion riyals in housing loans to individuals from banks in July

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Real estate marketing

Reading time: < 1 MinuteData released by the Saudi Central Bank (SAMA) revealed that the volume of new residential real estate financing provided to individuals by banks rose to 7.07 billion riyals during July 2024, recording a growth of 30% compared to the same month of 2023. The value of residential real estate financing increased by about 1.77 billion riyals, or 33% compared to June 2024. Financing accounted for ... Read more

Learn about the most important updates related to the construction of residential villas

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Facades of villas

Reading time: 2 Minutesكشفت وزارة البلديات والإسكان، عن أبرز التحديثات المتعلقة ببناء الفلل السكنية، بعد إصدارها في الشهر الماضي. وبحسب إنفوجراف نشرته أمانه حفر الباطن على حسابها بموقع التواصل الاجتماعي “إكس”، فإن أبرز التحديثات كما يلي: نسبة البناء في الدور الأرضي %70 من مساحة الأرض، وبعد التحديثات أصبحت النسبة 75%. كما أن نسبة البناء في الدور الأول كانت … Read more

4 mistakes to avoid when starting to invest in real estate Learn about them

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Reading time: 2 MinutesAmerican investor and real estate expert Brandon Turner has revealed four mistakes he made at the beginning of his investing career, warning against making them to ensure success in real estate investing. Turner, who today manages an estimated $1 billion worth of real estate that includes more than 13,000 different units, talked about the mistakes he made in a post on his ... Read more

“Real Estate Fund” and ”Al Ahli” sign the “Your Subsidy Equals Your Installment” financing solution agreement”

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Residential program

Reading time: < 1 MinuteThe Real Estate Development Fund (REF) today signed a partnership agreement with the National Bank of Saudi Arabia to activate the “Your Support Equals Your Installment” financing solution for self-build and under-construction housing units, in addition to the down payment support package, in the presence of H.E. Mr. Majid bin Abdullah Al Haqeel, Minister of Municipalities and Housing and Chairman of the Board of Directors of the Real Estate Development Fund (REF). The agreement comes within the framework of the strategic partnership with ... Read more

Hafar Al-Batin Municipality launches “Makhdoom” initiative to facilitate building compliance certification procedures

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Reading time: < 1 MinuteThe Hafar Al-Batin Municipality has launched the “Makhdoom” initiative to facilitate the procedures for obtaining a building compliance certificate for owners whose buildings are located on targeted roads. The initiative aims to simplify procedures, save time and effort, and obtain the certificate easily by contacting the numbers published by the Municipality so that the specialized team can visit and provide assistance. The initiative aims to simplify procedures, save time and effort, and obtain the certificate easily by contacting the numbers published by the Municipality. Read more

Controls on state ownership of real estate and government leasing abroad

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Public Authority for State Properties

Reading time: 2 MinutesThe General Authority for State Real Estate has clarified the controls of state ownership of real estate and the controls of government agencies' rental of real estate outside the Kingdom, which aims to govern the procedures and raise the level of transparency, which is reflected in raising the efficiency of government spending on real estate and its development. The Authority said that the provisions of the controls of state ownership of real estate are applicable to requests for ownership of real estate submitted by government agencies inside the Kingdom, which included ... Read more

Video. The most important reasons for the rise in residential rents in the Kingdom

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Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

Reading time: < 1 MinuteBadr Al-Badawi, who is interested in real estate, revealed the most important reasons behind the increase in residential rental prices during the recent period in Saudi Arabia. Al-Badawi said during a phone call with Al-Ikhbariya TV: ”The average rents vary from one area to another, whether the residential unit is within the new projects or near them or according to the expansion areas in that area.” ... Read more

“Real Estate Fund” and Bank Albilad sign the financing solution agreement Your subsidy equals your installment

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Residential program

Reading time: 2 MinutesThe Real Estate Development Fund (REF) has signed a partnership agreement with Bank Albilad to activate the “Your Support Equals Your Installment” financing solution for under-construction housing units, in the presence of H.E. Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Board of Directors of the Real Estate Development Fund (REF). The agreement aims to make the financing solution available to the beneficiaries of under-construction housing units; and to ease the financing burden on the beneficiaries during the stage of ... Read more

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