Ehsan Bafakeeh details the paradigm shift that Prince Mohammed bin Salman talked about in the housing sector and the Public Investment Fund

Ehsan Bafaqeeh - Royal Orders in Saudi Arabia - Housing Sector

Reading time: 3 MinutesHis Royal Highness Prince Mohammed bin Salman, Crown Prince, Deputy Prime Minister and Minister of Defense (may God protect him), spoke in a historic television interview with journalist Abdullah Al-Mudaifar, last Tuesday evening, with extreme transparency supported by the language of numbers, about the achievements of the Kingdom's vision for the past five years and the features of the next stage, after the completion of the enabling infrastructure, building institutional and legislative structures ... Read more

Developer Services Center approves 6 residential plans with an area of 12.2 million m2

Completion Achievements - Residential Schemes

Reading time: < 1 MinuteThe Real Estate Developers Services Center (TAMAMAM) approved 6 residential schemes that exceed 12.2 million m2 during the first quarter of 2021 in various regions of the Kingdom, in addition to providing a number of other services to developers, based on the initiative's strategic goal of improving the performance of the real estate sector and raising its contribution to GDP and providing integrated solutions for real estate developers. The program explained ... Read more

Crown Prince: Saudi Arabia needs a strong real estate developer and 95% real estate developers are rudimentary

Mohammed bin Salman - Investment Fund

Reading time: < 1 MinuteHis Royal Highness Prince Mohammed bin Salman, Crown Prince and Deputy Prime Minister, confirmed that the Public Investment Fund established Roshan Real Estate Company to meet part of the existing demand, noting that the company intends to provide one million housing units in 5 years with low profitability to meet part of the demand for housing units expected over the next ten years, which may exceed 4 ... Read more

Formation of a main committee in the emirate of each region to monitor and protect state real estate

Encroachments on state property

Reading time: 2 MinutesThe rules for monitoring state properties and removing encroachments approved the formation of a main committee in the Emirate of each region, headed by a representative from the Emirate of the region and the membership of representatives from the Ministries of Justice, Municipal and Rural Affairs and Housing, Environment, Water and Agriculture, and the General Authority for State Properties, provided that the rank of the representatives of these bodies is not less than the tenth rank or its equivalent, and the main committee may form sub-committees in the governorates ... Read more

“Sakany” program launches four new e-services through its upgraded application for smart devices

Housing Scheme - Real Estate Loan - E-Services

Reading time: < 1 MinuteE-Services - The “Sakani” program launched four new electronic services through its application developed for smart devices, including electronic financing, displaying ready-to-sell housing units, approved contractor, and interactive maps, as part of the program's efforts to provide various housing services to facilitate ownership procedures and increase its percentage to 70 percent by 2030 in accordance with the targets of the housing program, one of the programs of the Kingdom's vision ... Read more

Ministry of Finance launches “Etimad” platform to submit private sector financial claims electronically

Etimad Platform - Private Sector

Reading time: < 1 MinuteThe Ministry of Finance has launched the Etimad platform, which enables the private sector to raise its financial claims electronically, which enhances the digital economy, facilitates procedures, deepens the partnership with government agencies and increases the level of transparency in the transactions between them. On this occasion, Minister of Finance and Acting Minister of Economy and Planning Mohammed Abdullah Al-Jadaan said that the launch of the service ... Read more

Public Authority for Real Estate receives 374,000 applications in 100 days

State Real Estate Authority - Investment Opportunities - Real Estate

Reading time: < 1 MinuteThe General Authority for State Property, represented by the committees to consider 374,000 applications for real estate ownership within 100 days through the «Ihkam» platform, while the number of completed applications exceeded more than 95,000 applications, during the period from December 20, 2020 to March 30, 2021. The number of committees formed to consider real estate ownership applications amounted to ... Read more

Residential real estate prices rise slightly during the first quarter of 2021

Index - Real Estate Prices

Reading time: < 1 MinuteThe quarterly report of the General Authority for Statistics showed that the real estate price index in the Kingdom increased by 0.2 %, during the first quarter of 2021 on an annual basis, and the real estate price index in the Kingdom increased affected by the increase in residential prices by 0.6 %; as a result of the increase in the prices of residential plots by 0.7 % and villas prices by 3.1 1 %, and the prices of both ... Read more

Noura Al-Othman: Saudi women have made tangible achievements in the real estate sector

Noura Al-Othman - Saudi Women

Reading time: 2 MinutesRiyadh - Saja Hassan - Businesswoman Noura Al-Othman, owner of Jadira Real Estate Foundation, confirmed that Saudi women are moving with confidence and competence in contributing to the future of their country, and they find care and attention from the wise leadership of our kingdom, which gave them the means of empowerment and strengthened their economic and social roles, Al-Othman explained, in an interview with «Amlak», that women were able to enter all real estate fields, whether ... Read more