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Real estate finance companies allowed to own property in Makkah and Madinah

Reading time: < 1 Minuteاستثنت التعديلات التي أجراها مجلس الوزاري في المادة الخامسة والخاصة بنظام تملك غير السعوديين للعقار واستثماره ، البنوك وشركات التمويل العقاري المرخص لها من قبل ... Read more

09/04/2016

Medina Municipality - Commercial Project

Medina witnesses SAR 915 million worth of real estate deals in February

سجلت 1,632 صفقة ومساحة متداولة نحو 1.8 مليون متر مربع ومتوسط سعر المتر 1,127 ريال

Mecca

Tarmeem Association in Makkah launches housing track to provide units for needy families

In the presence of Undersecretary of the Ministry of Municipal and Rural Affairs and Housing Al-Khanyini, the initiative aims to restore and rehabilitate the homes of families registered with the guarantee and improve housing stability.

National Housing Company Jeddah Community

“National Housing announces the construction of a main power station in Jeddah's Al Sudan community

134 MVA to feed 5500 housing units via 3 km of double-circuit ground cables.

One of the tunnels in Makkah

Wealthy people from 9 countries want to own real estate in Saudi Arabia And Mecca is at the top

Knight Frank survey: 82% of wealthy people from nine countries are interested in Saudi real estate for investment, cultural and religious reasons.

Emir of Madinah inaugurates Madinah Real Estate Exhibition

Emir of Madinah sponsors the launch of the “Madinah Real Estate” exhibition”

The celebration included 18 pavilions, the announcement of investment agreements including a real estate fund, the MedInvest Forum, and the presentation of the Humeem Award.

Attribution and Liquidation Center Real Estate Auction

53 properties worth SAR 168.6 million sold in Medina last February

The Enforcement Center announced the sale of 53 properties through 8 e-auctions in Medina in February for about 168.6 million riyals.

Jeddah Municipality - Unauthorized Buildings

Jeddah Municipality monitored 3,476 building violations in February

Sub-municipalities issued 9,121 notices to correct violators as part of a campaign to improve the urban landscape.

Jeddah Municipality - Unauthorized Buildings

Jeddah Municipality announces completion of land grant procedures in Al-Malaysa plan

Jeddah Municipality formed a task force and coordinated with the notary to facilitate digital land grant procedures with multiple inquiry channels

Auction for the sale of commercial and residential properties Neighbors Al Balad Company

Artqa Jeddah announces “Neighbors of the Country” online auction to sell commercial, residential and investment properties

An electronic auction on the "Mubasher" platform 26-28/8/1445 for commercial, residential and investment properties, entry 30-350 thousand riyals.

Grandma

Jeddah Municipality removes an encroachment on a public park in Al Naseem neighborhood

Control teams removed encroachments of about 300 square meters, including buildings without licenses, during inspection tours

Municipality of the Holy Capital - Building Violations

Municipality of the Holy Capital begins enforcing gas station violations

Implementation of an updated penalty schedule that includes 30 violations for gas stations and fines of up to 10,000 riyals with the possibility of closure.

Municipality of the Holy Capital - Building Violations

The Municipality of the Holy Capital emphasizes the need to comply with the Building Compliance Certificate

The updated penalty schedule specifies 16 violations for building compliance and fines ranging from 100 to 9,000 riyals.

Grandma

More than 40,000 building violations in Jeddah last year 2023

Jeddah Municipality monitored 40,554 violations and issued 25,338 notices to sites to correct their conditions.

Attribution and Liquidation Center Real Estate Auction

“Enforcement oversees 51 auctions to sell 486 properties in several regions

In-person and online auctions from February 1-19, 2024 to sell 486 properties in 12 regions of the Kingdom.

Jeddah Waterfront

First phase of Jeddah's waterfront development project completed

The first phase of work has been completed with the removal of utilities in preparation for the second phase, which will begin in Q1 2024 to restore the sea to the port of Al Bant

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