Reading time: 2 MinutesData released by the Saudi Central Bank (SAMA) revealed an increase in the number of new residential mortgage contracts for individuals at the start of this year, with 32,800 contracts issued in January, totaling more than 16.4 billion riyals, compared to 24,300 contracts in the same month of 2020, which totaled 10.3 billion riyals provided by all mortgage lenders from … Read more
Reading time: < 1 MinuteFrom time to time, we hear the term “real estate bubble,” and we see some people exaggerating its impact on the economy, while others warn of its occurrence without providing a specific explanation or clarifying to the reader what a real estate bubble actually is. Therefore, I decided to explain the term, describe its impact on national economies, explore whether there is a scientific way to prevent it, and examine whether bubbles occur exclusively in real estate. Real estate is a store of value… Read more
Reading time: < 1 MinuteThe Minister of Municipal, Rural Affairs, and Housing, Engineer Majed Al-Hogail, issued a decision suspending the resolution to amend the land use designation of agricultural lands in seven regions (Al-Baha, Najran, Al-Jawf, Tabuk, Al-Qassim, Jazan, and the Northern Border) for a period of six months, pending the completion of strategic planning studies for the aforementioned cities. The Ministry had previously granted broad powers to the governors of the aforementioned regions to approve … Read more
Reading time: < 1 MinuteSaudi Arabia has made a quantum leap by relying on the private sector to drive and manage investments in government sectors; This followed the Cabinet’s approval of a privatization scheme across 16 government sectors, which has strengthened the private sector’s role in delivering services through partnerships with government assets—a goal that the state, may God support it, has set as its priority, thereby fostering competition between… Read more
Reading time: < 1 MinuteMr. Ibrahim Ezzeldin, Regional Director of Sakn Real Estate, revealed that the company is working to provide a range of real estate-related services on its unified online platform, which is based on a series of studies on the real estate market and the prevalence and impact of internet use in the Kingdom. Ezzeldin explained that the «Sakan Online Platform» provides real estate listings and makes them available to searchers through all … Read more
Reading time: < 1 MinuteRiyadh – Mohammed Al-Amin Jamos – Real Estate Marketing: The decision issued by the Council of Saudi Chambers to amend the fee for domestic real estate marketing licenses for off-plan sales projects within the Kingdom has resonated widely in the real estate sector, setting the fee at 5,000 riyals per month, 8,000 riyals for two months, 14,000 riyals for every four months, and 26,000 riyals for six months. He called … Read more
Reading time: < 1 MinuteReal Estate Auction – The real estate auction recently organized by Al-Fayez Real Estate Corporation via its online platform was a great success, with high levels of engagement that underscored investors’ desire to purchase and take advantage of the opportunities offered; the prices revealed a positive outlook for the real estate market. On this occasion, Mr. Faiz Mohammed Al-Matrafi explained that the online auction was organized based on a decision by the Enforcement Court – Ninth Circuit … Read more
Reading time: < 1 MinuteReal Estate Auction – The Liquidation Council for the Estate of Sheikh Saleh bin Abdulaziz Al Rajhi, may God have mercy on him, in collaboration with Itqan Real Estate Company, has announced the launch of the 14th public auction of the estate’s real estate holdings, featuring four distinctive properties in Riyadh and Al-Qassim, namely: Al-Awsa Land, the Council’s Administrative Building, Al-Deira Building, and Al-Qasiba Land, on Wednesday, March 31, 2021, corresponding to August 18, 1442 AH, and that … Read more
Reading time: < 1 MinuteReal Estate Auction – Dar Al-Qiyas Auctions, under the supervision of the Support and Liquidation Center (Enfaaz), has announced the date for the «Real Estate Revenues 2» auction in Riyadh on Wednesday, March 31, This public auction follows the successes and outstanding results achieved by the company in offering premium properties through the «Real Estate Revenues 1» auction, which was held approximately … Read more
Reading time: < 1 Minuteصدرت موافقة خادم الحرمين الشريفين الملك سلمان بن عبدالعزيز آل سعود – حفظه الله – على إعفاء مستثمري أمانتي العاصمة المقدسة والمدينة بنسبة 75% بدلاً من %25 من أجرة العقارات البلدية لسنة واحدة. وقال ماجد الحقيل وزير الشؤون البلدية والقروية والإسكان في تغريدة عبر حسابه الرسمي على تويتر أمس الثلاثاء في تغريدة تنص على “خالص … Read more
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