Al-Owais Real Estate launches ‘Smart-Move’ plan in UAE

Al-Owais Real Estate launches ‘Smart-Move’ plan in UAE
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Updated 16 August 2020

Al-Owais Real Estate launches ‘Smart-Move’ plan in UAE

Al-Owais Real Estate launches ‘Smart-Move’ plan in UAE

Recent reports have indicated a visible increase in relocation among tenants across the UAE. The movement includes families moving to larger units and even cross-emirate movement due to reduced rents. However, even with lower rents, moving houses can be an expensive proposition with added costs such as commissions, deposits and advance rentals.

To ease the process, Sultan bin Ali Al-Owais Real Estate has introduced a 90-day campaign dubbed “Smart-Move” for new tenants across its 3,000+ properties in the UAE. The campaign offers flexible rent payment plans and zero percent commission, and tenants can move in before the payment of any security deposit.

The company specifically develops properties for rent, and owns and manages a portfolio of more than 3,000 properties across the UAE and is known for its emphasis on its long-term rental ethos and retention of residential tenants exceeding 20 years.

“Moving houses can be a daunting task, even if we leave out the financial outlay involved, which can be filled with unaccounted for charges like commissions and deposits. While the well-being of an entire sector is dependent on some of these fees, organizations need to assume a responsible stance during such challenging times. Smart-Move is our small contribution to ensure the industry’s buoyancy and support individual circumstances,” said Haleema Al-Owais, CEO, Sultan Bin Ali Al-Owais Real Estate.


Mawani launches new shipping route from Jeddah port

Mawani launches new shipping route from Jeddah port
Updated 21 January 2021

Mawani launches new shipping route from Jeddah port

Mawani launches new shipping route from Jeddah port

Saudi Ports Authority (Mawani) has announced the launch of a new shipping service from Jeddah Islamic Port, complementing its strategic partnerships with some of the largest shipping companies in the world, such as Hapag Lloyd, CMA CGM, COSCO and ONE. The introduction of the new service reflects the confidence of global shipping lines in Mawani’s capabilities and the prominent position of Jeddah Islamic Port in global trade through the Red Sea, connecting the Middle East to Europe and North Africa, the Mediterranean and the Indian subcontinent, and covering key ports like Port Tanger in Morocco and Algeciras in Spain.

The new shipping line is a major step forward by Mawani, taken as part of its initiatives launched under the National Industrial Development and Logistics Program (NIDLP), building on its achievements during the past year with the support of the Saudi logistics sector and the guidance of Saudi Minister of Transport Saleh Al-Jasser. The effort has been to enhance the international connectivity of ports and attract major shipping companies in line with the strategic objectives of Vision 2030 to enhance the Kingdom’s position in the investment and logistics arena.

The new line (IO3) will link Jeddah Islamic Port with the Indian Ocean and northern European ports. The service will consist of seven vessels with a capacity equivalent to 8,500 standard containers per vessel, approximately 48 vessels per year, which will allow a greater cargo capacity. 

Through the launch of the new line, Mawani aims to enhance the status of Jeddah Islamic Port as a direct point of connectivity between the ports of the East and the West, enabling the port to benefit from its strategic location between three key continents. It will also help strengthen the Kingdom’s position as a leading hub for logistics services and a facilitator of global supply chains, contributing to increased transshipment levels and attracting the largest number of ships operating on the Red Sea coast. Besides, it will make available additional shipping lines for local and international importers and exporters, raising the competitiveness of Saudi ports services and improving their operations. The new line will also help establish attractive logistics centers for investors in the ports sector.

Jeddah Islamic Port has gained historical significance due to the fact that Jeddah is the main gateway to the holy cities of Makkah and Madinah. It is the largest port in terms of volume and cargo handling capacity, as it handles more than 65 percent of all cargoes imported through Saudi ports. The port covers an area of 12.5 square kilometers.