Month: May 2019

Reading time: 2 MinutesThe number of residential financing contracts in Saudi Arabia reached 45,860 contracts during 2019, with a total value of 31.528 billion riyals, while the number of new residential mortgage contracts granted by banks and financing companies in the Kingdom reached about 14,398 contracts in April, worth 6.419 billion riyals, recording an increase of 19% in the number of contracts, and more than 15% ... Read more

Reading time: 2 MinutesThe inflation rate in the residential sectors in Saudi Arabia decreased in April 2019 by 1.9% compared to last year, while the percentage did not change compared to last March, indicating that this decrease greatly influenced the decline in the prices of goods and services, including housing, water and electricity, since the beginning of 2019, (Residential Real Estate) ... Falling prices ... Read more

Reading time: 2 MinutesThe number of real estate properties whose data and content have been amended through notaries reached about 24.5 thousand real estate deeds since the beginning of the current Hijri year, where investment and commercial properties accounted for about 45 percent of these properties, and press sources confirmed that the notaries in the Riyadh region topped the number of deed amendments with 33 percent, with 8119 real estate deeds, ... Read more

Reading time: 2 MinutesMuzn Charity Foundation revealed its support of one million and two hundred thousand riyals for the neediest families in the Joud Housing platform, and the Chairman of the Board of Trustees of the Foundation, Dr. Yousef bin Abdullah Al-Shubaili, confirmed that this support came within the Foundation's interest in supporting projects with the deepest impact in the community, and supporting the efforts of the platform to organize charitable contributions from individuals and institutions, to reach the families ... Read more