Month: July 2022

“Enforcing” showcases 180 properties in 20 real estate auctions across the Kingdom

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Attribution and Filtering Center

Reading time: 2 MinutesThe Enforcement and Liquidation Center (Enforcement) has announced the holding of 20 public auctions, ranging from in-person and electronic auctions, to sell real estate in various regions of the Kingdom between July 19-27, 2022. The auctions offer more than 180 properties ranging from commercial, residential and agricultural lands, residential villas, commercial and residential buildings, starting with the Riyadh Pearl Auction, which is held in ... Read more

83 violations of environmental damage within the vegetation lands in Asir region

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83 violations of environmental damage within the vegetation lands in Asir region

Reading time: < 1 MinuteThe National Center for Vegetation Development and Combating Desertification, through its patrols specialized in protecting and monitoring forests and parks, recorded 83 environmental damage violations within the lands of vegetation cover and national parks in the Asir region, in accordance with the provisions of the executive regulations for controlling violations and imposing penalties for the environment system, and the executive regulations for logging violations.The recorded violations varied between lighting a fire in non-designated places, ... Read more

Mortgage loans rise to 605 billion riyals during the first quarter

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Raising real estate financing

Reading time: < 1 MinuteData released by the Saudi Central Bank “SAMA” showed an increase in the average real estate loans from commercial banks provided to individuals and commercial companies, as loans to individuals during the first quarter of the current year 2022 amounted to about 476 billion riyals, an increase of 33% compared to the same period last year 2021, which recorded 358 billion riyals. According to the bank's report ... Read more

Rental index records 102 thousand rental transactions during the month of June

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Rental index

Reading time: 2 MinutesThe rental index recorded more than 102,000 rental transactions during the month of June, within the reports and data issued by the network in integration with the “Sakani” platform, in 16 cities covered by the index covering all regions of the Kingdom. In a press release today, Ejar said that more than 80,000 residential leases were documented in the network, while commercial leases exceeded ... Read more

“Sakani” program releases July report and announces the benefit of 14,079 new Saudi families

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Residential Real Estate Dubai

Reading time: 2 MinutesThe “Sakani” program issued its report for the month of July, including the highlights of its achievements until the end of June 2022, and a set of data and statistics on construction developments in projects, beneficiary families, and the number of real estate disposal certificates. The report also highlighted that 14,079 Saudi families benefited during the month of June, while the number of families who lived in their first home last month reached 15,637 Saudi families, as part of the program's efforts ... Read more

Saudi Arabia invades outer space, signs 18 agreements and memorandums of cooperation with the United States

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Saudi Energy Minister Prince Abdulaziz bin Salman during the signing of a Saudi-U.S. cooperation agreement

Reading time: < 1 MinuteOn the sidelines of US President Joe Biden's visit to the Kingdom, Saudi Arabia signed 18 agreements and memorandums of cooperation with the United States in the fields of energy, investment, communications, space and health. 13 agreements in the field of energy and industrialization 13 agreements signed by the Ministry of Energy, the Ministry of Investment, the Royal Commission for Jubail and Yanbu, and a number of private sector companies with a group of American companies. Read more

Dar Al Qiyas announces investment opportunities for auction in Riyadh and Taif

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Measurement House

Reading time: < 1 MinuteDar Al-Qiyas Auction Company announced its organization of a number of in-person and electronic auctions in both Riyadh and Taif, where it has completed its preparations to receive businessmen and interested parties in the qualitative Taif Oasis Auction, in which a number of distinctive properties in Taif Governorate are offered, at 4 pm on Tuesday 27/12/1443 AH corresponding to 26/07/2022 AD at the Intercontinental Hotel. The company explained that the auction, which ... Read more

Commercial deals jump to SAR 40.7 billion, residential to SAR 72.8 billion

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Riyadh city

Reading time: < 1 MinuteThe total value of real estate transactions during the first half of 2022 rose to 122.8 billion riyals, an increase of 12% compared to the same period last year, in which the value of real estate transactions amounted to about 109.7 billion riyals. According to the data, the sales of the commercial sector jumped at a record rate of 42.3%, with the implementation of deals ... Read more

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