Residential program adds 17 new residential land plots in February Availability of 9456 plots of land in eight regions

Real estate financing - financing - free land - residential schemes - housing schemes - housing finance - real estate financing - residential land

Reading time: < 1 MinuteThe Housing Program added 17 new residential land plots in February, providing 9,456 plots across eight regions, according to the monthly report issued by the program, which reviewed its most notable achievements for last January. The report included details on the number of families who benefited from the housing options and financing solutions provided by the program during January, totaling 32,285 … Read more

Ministry of Justice documents 42,300 mortgaged properties in 167 days

Riyadh City - Investment - Tourism - Real Estate - Real Estate Offices - Real Estate Investment

Reading time: < 1 MinuteMedia reports have revealed that notary offices have recorded approximately 42,300 mortgaged properties over the past 167 days since the start of the current Hijri year, a 60 percent increase compared to the same period last year.    Notary offices in the Riyadh region led the number of mortgaged properties with approximately 9,101 properties, accounting for the largest share at 21.5 percent of the total properties … Read more

32,282 families benefited from the housing program in January 12,059 beneficiaries were able to obtain housing

January Residential Report - Real Estate Finance

Reading time: 2 MinutesLast January, the Housing Program provided housing options and financing solutions to 32,285 families, of which 12,059 were able to secure housing, according to the monthly report released by the program this February. (Mortgage Financing) 57 projects are currently under construction, and the report highlighted the latest construction updates on 57 projects that will provide approximately 100 … Read more

Ministerial conference in Makkah believes in involving the private sector in developing and investing in state real estate

Ministerial Conference - Real Estate

Reading time: < 1 MinuteIhsan Bafqih, Governor of the General Authority for State Real Estate, affirmed the Authority’s intention to involve the private sector in the development of and investment in state-owned real estate, emphasizing that the Authority is responsible for managing state-owned real estate, both in Saudi Arabia and abroad, as well as real estate used by government ministries. He explained this during his participation in the events of the 15th Ministerial Conference accompanying the 8th meeting of the National Real Estate Committee, held at the Makkah Chamber … Read more

Smo Real Estate is offering 301,000 shares to qualified investors on the parallel market

Smo Real Estate Company - Real Estate Company

Reading time: < 1 MinuteSamo Real Estate Company plans to offer 7.5 million shares, representing 30.1% of the company’s total shares, through a secondary market offering to qualified investors at a price of 24 Saudi riyals per share, bringing the total offering to 180 million riyals. (Real estate company) The offering period began last Sunday and will continue for 33 days until the 19th … Read more

Residential program launches 8 residential schemes in 6 regions providing 7108 plots of land

Real estate financing - financing - free land - residential schemes - housing schemes - housing finance - real estate financing - residential land

Reading time: 2 MinutesThe Ministry of Housing—represented by the “Housing Program”—announced the addition of eight new housing plans via its online portal, distributed across six regions and providing approximately 7,108 plots of land, as part of the housing plans available for land that the program continues to offer through its portal on a monthly basis, allowing beneficiaries to choose the housing plan that best suits their needs. It invites beneficiaries interested in this option to visit … Read more

The Real Estate Fund supports beneficiaries of the housing renovation initiative with 100 thousand riyals

- Mortgage Finance - Home Renovation Support Initiative

Reading time: < 1 MinuteAs part of the housing renovation initiative launched by the Ministry of Housing last year, the Real Estate Development Fund has continued to provide support to citizens—in the amount of 100,000 riyals—for those wishing to purchase homes that are more than 15 years old. The initiative, which falls under the “Sakani” program, includes support for military personnel, an initiative to support civilians, an initiative to support financing profits, and others. (Real Estate Financing) On this occasion, he emphasized … Read more

Steel and cement prices continue to rise. Total sales of cement companies reached 4.81 million tons in January

Building materials

Reading time: 2 MinutesPrices of construction materials continued to rise; average steel prices in the Kingdom rose in January 2020, reaching their highest levels in four months, while cement prices continued to climb for the fifth consecutive month, reaching their highest levels in more than three years. This rise is attributed to the resurgence of activity in the construction sector, which was also reflected in data from January 2020, which indicated … Read more

Symposium in Jeddah discusses “Optimizing the use of building materials” reveals that there are 1236 building quarries in the Kingdom

Building Materials Optimization

Reading time: 2 MinutesThe Ministry of Industry and Mineral Resources has revealed that the Kingdom has a vast construction materials quarrying sector, comprising 332 material complexes across all regions of the Kingdom, covering a total area of over 41,000 square kilometers, where 1,236 construction quarries operate. This was announced during a seminar held in Jeddah under the theme “Optimal Use of Construction Materials to Achieve Sustainable Development.” … Read more

Digital link between the Ministries of Justice and Housing allows receiving requests for sorting real estate units electronically

Ministry of Justice and Housing - Sorting Real Estate Units

Reading time: < 1 MinuteThe digital link between the Ministries of Justice and Housing has enabled the electronic submission of applications for the division of real estate units between the two ministries, replacing paper-based procedures throughout the Kingdom. This supports joint digital transformation efforts and accelerates the process of issuing. The new electronic mechanism reduces the time required to issue real estate deeds for classification records from what it was previously, which took several … Read more