Markets

35 billion riyals worth of housing finance for individuals in 5 months

Reading time: < 1 MinuteEconomic reports revealed that the value of housing finance for individuals provided by banks and finance companies amounted to about 34.93 billion riyals during the first five months of 2023, compared to 55.39 billion riyals

05/07/2023

Retail Housing Finance

National Housing Company launches “Rakeez” initiatives program and signs 6 agreements

Interactive pavilion showcases "Rakayas" plan to boost local content, localize industries and support national cadres

Future of Real Estate Forum

Al-Hogail inaugurates the Future of Real Estate Forum 2024 and confirms targeting one million housing units

The ministry has offered 450,000 units and land since 2018, qualifying about 2,000 developers and approving 765 plans.

New Projects in Khuzam District

SAR 15 billion in sales of residential units in Khuzam suburb

Khuzam suburb sells more than 19,000 units in 23 projects, with an occupancy rate of 95%.

Public Authority for Real Estate spokesperson Tayseer Al-Mafraj

Video | If you find land registry signs in your neighborhood What to do?

The spokesperson clarifies that the plates mean opening the registration of properties in the neighborhood and urges owners to register to promote market transparency.

5 simple steps to protect your smart home from cyberattack

Practical tips: Use a VPN, strong passwords, and separate networks to secure connected devices and protect privacy.

Sideim suburb

National Housing: Development of 35% of Sadeem residential suburb north of Jeddah completed

Signed contracts exceeded 500 contracts worth more than SAR 500 million in five months

Residential program

Residential: More than 100,000 families will benefit from the program in 2023

In 2023, 98,475 families were able to move into their first home with multiple financial support packages and services.

National Housing: More than 19,000 housing units sold in Khuzam Suburb“

Sales exceeded 95% with a value of more than 15 billion riyals in 23 projects on an area of 30 million square meters.

Real Estate Marketing - Lana Al-Shabaneh - The Line

 Starting today. Paying residential leases electronically

Payments for new residential leases will be made exclusively through Ejar's digital platform starting January 15; commercial leases are excluded.

Rent - Residential Contracts - Refunds

3 % Rise in real estate evictions in Saudi Arabia due to rental defaults in 2023

There were 33.6K requests for the execution of unified rental contracts, of which Riyadh accounted for 37%.

Promising program

National Housing celebrates the graduation of its third cohort of the Wa'ad program

85 trainees completed the Wadeed program at National Housing Company, receiving monthly bonuses, medical insurance, and employment opportunities.

Rent - Residential Contracts - Refunds

Steps to pay residential rents electronically and register on the Ejar platform

KDIPA and Ejar clarify the payment mechanism through SADAD and the procedures for registering and documenting rental contracts electronically.

Real Estate Registration - Land Registry

Real estate stock exchange: Residential sector to account for more than half of real estate transactions in 2023

Real estate transactions in the Kingdom fell 17.8% numerically and 5.3% in value to 337.9 billion riyals in 2023.

Top 9 must-have devices to buy when setting up a smart home

A guide to the essential devices for creating a smart home with the basics of choosing them: Compatibility, features, and price.

Investors in real estate

How do real estate brokers benefit from virtual reality apps?

VR apps make it easier for brokers to conduct virtual tours, expand the buyer base, save time and increase sales opportunities.

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