Real estate transactions in the three major cities totaled 9.3 billion riyals in May

Real estate deals

Reading time: < 1 MinuteThe number of real estate transactions completed in the three major cities of Riyadh, Jeddah, and Dammam during the month of May reached 3,500, with a total value of 9.3 billion riyals, marking a 19% decrease from the sales value in the same month last year, which stood at 11.5 billion riyals for 5,284 transactions, according to data from the Ministry of Justice.

Including modern construction methods... Big 5 Expo attracts new sectors

The Big Five Exhibition Modern Building Styles

Reading time: < 1 MinuteThe organizer of the Big 5 exhibition announced that the new edition of the Big 5 exhibition will be launched during the period from 26 to 29 February 2024, at the Riyadh Front Convention and Exhibition Center, noting the introduction of new expansions in its next session, and the company said that the next edition of the exhibition will include several new sectors for specialized products that promise to revolutionize the industry and methods of modern construction.

Statistics: 3.8% rise in the growth of the Saudi economy in the first quarter of 2023

International Monetary Fund Riyadh office market

Reading time: < 1 MinuteThe General Authority for Statistics (GASTAT) released today the GDP report and national accounts indicators for the first quarter of 2023. According to the estimates, the real GDP during the first quarter of 2023 achieved an increase of (3.8%) compared to the same period of the previous year 2022, boosting the growth of the Saudi economy.

What are the categories eligible for housing subsidies?

Residential program

Reading time: < 1 MinuteThe housing subsidy program is a subsidy provided by the Ministry of Municipal and Rural Affairs and Housing that helps them with food, clothing, and housing support at the level of providing new housing units at new prices, renovating existing properties, or even re-furnishing their housing units with new furniture, and the regulations define the categories eligible for housing support.