Crown Prince: The housing sector has become a success story thanks to innovative solutions

Mohammed bin Salman - Real Estate

Reading time: < 1 MinuteHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, and Minister of Defense, may God protect him, reaffirmed the state’s commitment to implementing the economic reform program in accordance with Vision 2030, and to increase the rate of home ownership among citizens to 51% within four years, noting that the rate was previously 47%, which means reaching 52% in … Read more

High Committee for Providing Services to Homes Without Legal Title Deeds in Jeddah

Jeddah Real Estate - Real Estate Index

Reading time: < 1 MinuteReal Estate – The Jeddah Municipality has approved the formation of a high-level committee to provide services to homes whose owners do not possess legal title deeds, in accordance with the royal decree issued last August. In a circular, the Municipality explained that one of the committee’s tasks will be to establish the appropriate mechanism for implementing the royal decree by providing services to homes whose owners do not possess legal title deeds. It noted that it will decide whether to accept or reject … Read more

Reservation of Unit 90% in the “Al-Muhandiyah” residential project in the Al-Jawan district of Riyadh

The Muhandiya Project

Reading time: < 1 MinuteThabat Al-Maskan Real Estate Company has achieved a new milestone in the “Al-Muhandiyah” residential project in the Al-Jawan district of Riyadh, by securing reservations for more than 901 units out of the project’s total of 628 villas within just 48 hours of the project’s launch on the Ministry of Housing’s “Sakani” platform. Reservations for the residential units began immediately after the “Al-Muhandiya” project was launched on the Sakani platform … Read more

Ministry of Housing announces the issuance of white land fees in its fourth cycle for the city of Makkah

Real Estate - Residential Land - White Land

Reading time: < 1 MinuteThe Ministry of Housing announced today, Monday, the issuance of the fourth round of vacant land fees for the city of Makkah for the year 1442/1443 AH. Through the official Twitter account for the White Land Fees System, the Ministry called on those liable to take the initiative to develop their land or pay the fees within one year of the decision’s issuance. The Ministry emphasized that failure to pay the fees within one year … Read more

More than 285,000 families have benefited from a housing program since the beginning of the year

Villas Financing Housing Projects - Real Estate Finance

Reading time: < 1 MinuteMortgage Financing – As of the end of the third quarter of 2020, the number of households benefiting from the  “Sakani” program by the end of the third quarter of 2020 reached approximately 285,762 households, accounting for 85 percent of the target number, of which 96,633 households have moved into their homes, as part of the various options offered by the program, including subsidized mortgages for the purchase of residential units under construction or ready for occupancy, and subsidized mortgages … Read more

Minister of Finance approves amendments to the rules and mechanism for reviewing real estate ownership applications

State Real Estate Authority - Investment Opportunities - Real Estate

Reading time: 2 MinutesReal Estate – Mohammed Al-Jadaan, Minister of Finance and Chairman of the Board of Directors of the General Authority for State Property, has approved amendments to the rules and procedures governing the committees responsible for reviewing applications for real estate ownership, in accordance with royal orders stipulating that courts shall not accept any lawsuit or petition regarding the establishment of land ownership based on neighborhood boundaries, adverse possession, or ordinary documents, and the arrangements related to rules and regulations … Read more

The Real Estate Development Fund has deposited more than 23.9 billion riyals to beneficiaries since the beginning of the program

Actual Rental Housing Units - Mortgage Loan

Reading time: 2 MinutesMortgage Loan – The Real Estate Development Fund deposited more than 542 million riyals into the accounts of citizens participating in the “Sakani” program, administered by the Ministry of Housing and the Real Estate Fund, for the month of October 2020, while the total amount deposited into the accounts of “Sakani” beneficiaries since the announcement of the transformation program in June 2017 through October of this year has exceeded 23.9 billion riyals. The “Mortgage Loan” program … Read more

Cement companies' profits jump to 741 million riyals during the third quarter

Construction cement.

Reading time: 2 Minutes27% Increase in Production... Major Projects Revitalize the Construction Market – Saudi cement companies posted more positive earnings in the third quarter, achieving exceptional growth, with profits exceeding 741 million riyals compared to 601 million riyals year-over-year, representing a growth rate of 40%—the best performance since 2016. This necessarily indicates that there is momentum… Read more

Itqan Real Estate announces the start of sales and immediate handover for the “Darb Al-Haramain” project“

Darb Al-Haramain Real Estate Logo

Reading time: < 1 MinuteReal Estate – Itqan Real Estate has announced the launch of sales for its premium development in Jeddah, “Darb Al-Haramain,” either through the sales office located within the development, via the website using the interactive map and live chat with customer service representatives, or by calling the company’s numbers (920001019 / 0550053000), or via social media channels, noting that sales will take place … Read more

The National Housing Company launches the “Khayala” project in Jeddah Province, comprising 3,521 residential units

Residential Project Khayala

Reading time: < 1 MinuteHousing Project – The National Housing Company announced the launch of the “Khayala” project in Jeddah Province in collaboration with the private sector, to provide 3,521 housing units of various sizes and designs located on an area exceeding 1,500,000 square meters to provide a unique experience, a modern lifestyle, and integrated services, meeting all the needs of families benefiting from the Ministry of Housing’s “Sakani” program, which is implemented by the National Housing Company, … Read more