House prices in China's major cities rose in March

Reading time: < 1 MinuteData from China's National Bureau of Statistics (NBS) showed on Saturday that the country's house prices continued to stabilize, with housing prices generally increasing in major cities last month. In March, 64 out of 70 large and medium-sized cities saw month-on-month increases in new home prices, up from the recorded number of ... Read more

Al Diriyah Company announces two new hotel projects in partnership with Aman Group

Logo of Al Diriyah Company

Reading time: < 1 MinuteAl Diriyah Company, in partnership with Aman Group, has announced the establishment of two hotel projects in the Kingdom: Aman Wadi Saffar and Aman's sister brand Jannu Al Diriyah. Aman Wadi Saffar, located amidst an exceptional desert landscape near Riyadh, features 78 rooms, a collection of up to 34 full-service residences, and a collection of ... Read more

Mortgage interest rates soar in the U.K.

UK - House Prices

Reading time: < 1 MinuteBritain's housing crisis has intensified as more than 1.4 million homeowners are forced to refinance their mortgages at higher interest rates. Bloomberg News reported that many homeowners in Britain will have to cut back on other expenses to cover the increased cost of their mortgages, while others may find it impossible to make ends meet. This is expected to ... Read more

Auctions to sell 12 sites in Jeddah's new crusher complex announced

Ministry of Industry logo

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources has set May 8 as the date for the start of the electronic auction for 12 construction materials quarries in the new Jeddah Crusher Complex in the Makkah region, which was announced earlier this year and qualified 40 companies to compete for it. The Ministry of Industry and Mineral Resources spokesperson Jarrah bin Mohammed Al-Jarrah explained that the bidding will be for each ... Read more

A bill to protect victims of South Korea's rental fraud

South Korea

Reading time: < 1 MinuteSouth Korea has proposed introducing a bill to protect the housing rights of people who have been scammed out of millions of dollars in home rental plans as the fallout from the crisis grows, a senior policymaker from South Korea's ruling People's Power Party said. South Korea's ruling People's Power Party (PPP) said in a televised briefing on Sunday that the ruling party and government ministries will submit the bill this week. Read more

«Real Estate Fund» deposits 933 million riyals to «Residential» beneficiaries for the month of April

Residential program

Reading time: < 1 MinuteThe Real Estate Development Fund announced the deposit of more than 933 million riyals in the accounts of “Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for the month of April 2023, as part of its continuous efforts to support beneficiaries to achieve the objectives of the housing program - one of the programs of Saudi Vision 2030 - to raise the percentage of home ownership of citizens to 70%. The Fund's CEO, Mansour ... Read more

AED 2.2 billion in Dubai real estate transactions in one day

Dubai - Real Estate Deals and Sales 

Reading time: < 1 MinuteReal estate transactions in the Dubai Land Department yesterday amounted to more than AED 2.2 billion, as the department witnessed 391 sales worth AED 1.27 billion, including 39 sales of land worth AED 291.56 million and 352 sales of apartments and villas worth AED 978 million. The most important land sales worth 32 million dirhams came in the fourth Habibiya area, followed by a sale worth ... Read more

Al-Haqeel launches the second edition of Maskan Real Estate Exhibition on May 25

Majid Al-Hogail - Off-plan Real Estate Sale and Leasing System

Reading time: 2 MinutesHis Excellency the Minister of Municipal, Rural and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, will inaugurate the second edition of the Maskan Real Estate Exhibition, which will be held from May 25 to 27, under the auspices of the Ministry of Municipal, Rural and Rural Affairs and Housing and the General Authority for Real Estate, and the participation of a number of government agencies, banks, financing and real estate development companies. The exhibition aims to provide a complete journey for the beneficiary ... Read more

London housing rents are the highest in more than 10 years

Rental housing prices

Reading time: < 1 MinuteRents in London in March hit their highest rate in more than 10 years as tenants compete for the limited number of homes on the market, according to the Office for National Statistics (ONS). Bloomberg news agency quoted the UK Office for National Statistics as saying that rents rose in London last month by 41.8TP3T annually, while the continued ... Read more

10 steps to submit a real estate appraiser application for self-build beneficiaries

Building license via Baladi platform

Reading time: < 1 MinuteA person who wishes to apply for real estate assessor services for self-construction beneficiaries must follow a number of steps that we monitor in the following lines. In the beginning, the beneficiary must prepare a PDF copy of the documents “the deed, building license, proof of national address, a photo of the building's facade” to be followed by 10 steps as follows: 1- Enter ... Read more