Latest News for: Estate saudi


Saudi non-oil sector ‘to see 4.3% growth this year’

Gulf Daily News 03 Aug 2021
Saudi Arabia's economy is recovering well from the pandemic, and the non-oil recovery that started in the second half of 2020 is expected to continue with non-oil growth projected at 4.3% this year, with overall GDP growth seen at 2.4%, a report said, citing a statement from the International Monetary Fund (IMF).

Saudi mortgage lending surges 27 percent in first half of 2021 — SAMA

Arab News 02 Aug 2021
“The number of contracts increased in the first half, but temporarily decreased in the past three months, but due to the reorganization of property evaluation by the Real Estate Fund, and the application of the new Saudi building code with the temporary ambiguity until it is well ...

Real estate price index in Saudi Arabia increases 0.4 percent in 2Q

MENA FN 02 Aug 2021
(MENAFN) According to official data, the real estate price index in Saudi Arabia increased by 0.4 percent in the April-July period of 2021 in comparison to the previous month same time span. A 0.8 percent improvement in the residential real... .

Who’s Who: Abdullah Saud Al-Hammad, deputy minister at Saudi Ministry of Municipal, Rural Affairs and Housing 

Arab News 02 Aug 2021
Abdullah Saud Al-Hammad has been the deputy minister for land and survey at the Ministry of Municipal, Rural Affairs and Housing since June 2021. He has been a board member of the Real Estate General Authority, the Saudi Authority for Accredited Valuers and the Off-Plan Sales and Rent Committee (Wafi) since November 2020 ... ....

Saudi Arabia’s real estate price index rises by 0.4% in Q2

Arab News 01 Aug 2021
The real estate price index in Saudi Arabia rose by 0.4 percent in the second quarter of 2021 compared to the same period of the previous year, official data showed on Sunday ... Saudi Arabia’s real estate sector is a key and effective economic driver for the country’s gross domestic product (GDP) and is connected to at least 120 industries.

35,000 Saudi families benefit from Sakani housing scheme

Arab News 29 Jul 2021
Run by the Ministry of Municipal, Rural Affairs, and Housing and the Real Estate Development Fund (REDF), Sakani offers Saudis access to land and residential housing via financing solutions to help first-time homebuyers.

Saudis make up 94% of banking employees, official says

Gulf News 28 Jul 2021
Nitaqat aims at providing attractive job offers to the Saudis and boosting labour market efficiency ... Earlier this month, the Ministry of Human Resources disclosed a plan to localise the kingdom’s real estate sector, designed to provide over 11,000 jobs for the Saudis.

Tom Barrack Pleads Not Guilty for Secretly Lobbying for UAE

Democracy Now 27 Jul 2021
The New York Times reported Barrack’s real estate company received some $1.5 billion in ...

Low interest rates boosted mortgage demand by 27% through May

Arab News 26 Jul 2021
Residential real estate financing contracts offered to individuals by local banks reached 133,006 through May, with a value of SR69.5 billion, according to data from the Saudi Central Bank (SAMA) ... Saudi real estate financing achieved a record growth during the past three years, ...

Living on cloud ninety-six! Manhattan penthouse 1,396ft above the city on the 96th floor with ...

The Daily Mail 22 Jul 2021
skyscraper in Manhattan could be yours ... The seller, Saudi real estate magnate Fawaz Al Hokair, purchased the penthouse in 2016 for $88 million ... more videos ... Fawaz Al Hokair is a Saudi real estate magnate with the Alhokair Group. The organization's holdings include 92 entertainment centers and 35 hotels spread in Saudi Arabia and United Arab Emirates ... .

Most expensive Manhattan listing drops for $169M

New York Post 22 Jul 2021
luxury real estate ... Saudi retail and real estate billionaire Fawaz Al Hokair purchased the unit for $87.7 million in 2016, according to property records and reports at the time ... Saudi retail and real estate billionaire Fawaz Al Hokair purchased the unit for $87.7 million in 2016, according to property records and reports at the time.

One of NYC's most expensive apartments just hit the market - see inside a $169 ...

Business Insider 22 Jul 2021
... stairs is a lot, wait until you see the latest penthouse to hit New York City's estate market ... The apartment was previously owned by Fawaz Al Hokair, a Saudi real estate and retail powerhouse who purchased the apartment in 2016, Katherine Clarke reported for Wall Street Journal.

Thomas Barrack, close friend of Trump, arrested on federal charges

The Irish Times 21 Jul 2021
After Mr Trump was elected, the indictment said, Mr Barrack continued to try to influence the administration policies in favour of the UAE ... UAE rulers ... Real estate. Mr Barrack’s real estate and private equity firm, Colony Capital, benefited from substantial investments from Saudi Arabia and the UAE, countries that are closely aligned ... .

Former gaming exec, education advocate Tom Gallagher dies at 76

Las Vegas Sun 20 Jul 2021
Gallagher went on to spent two decades practicing law with Los Angeles-based Gibson Dunn and Crutcher, where he became managing partner of its London and Riyadh, Saudi Arabia, offices. He eventually made his way to Las Vegas, where he had an extensive career in real estate and ...

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