Reading time: < 1 MinuteThe Ministry of Justice (MoJ) has revealed that about 160 million real estate documents have been digitized as part of the initiative to digitize the real estate wealth - one of the ministry's initiatives in the National Transformation Program - through the central digitization labs.
Reading time: < 1 MinuteLarge real estate companies in Sweden are likely to face insolvency totaling approximately $17 billion over the next 18 months. They are under increasing pressure to sell off their properties to raise cash. Bloomberg News reported that while real estate companies are resisting the forced sale of their properties, the time available to them to address the debt crisis is running out. As their ability to … Read more
Reading time: < 1 MinuteWhat are the steps to apply for the residential program?
A service designed to enable citizens to register on the Ministry of Housing’s lists to apply for housing assistance and to automatically verify the applicant’s eligibility based on the criteria for receiving housing assistance, thereby accepting or rejecting the application through electronic integration with relevant government agencies.
Reading time: < 1 MinuteThe volume of new housing finance for individuals in Saudi Arabia recorded a decrease of 21.5% during May 2023 year-on-year, reaching SAR 7.03 billion, compared to SAR 8.96 billion in the same month last year
Reading time: < 1 MinuteEconomic reports revealed that the value of housing finance for individuals provided by banks and finance companies amounted to about 34.93 billion riyals during the first five months of 2023, compared to 55.39 billion riyals
Reading time: < 1 MinuteThe value of real estate transactions in Dubai during the first half of this year achieved the highest level since the establishment of the Land Department, touching 285 billion dirhams, and the Director General of the Department confirmed that most transactions were in cash.
Reading time: < 1 MinuteData from the British Building Society showed that the pace of the decline in UK house prices accelerated in June, heightening concerns about the impact of rising mortgage rates on borrowers. The mortgage lender said prices fell by 31.5% year-on-year this month, following a 31.4% decline in May, which marked the sharpest drop since 2009. Bloomberg reported … Read more
Reading time: < 1 MinuteMany people are looking for the support programs offered by the Ministry of Municipal, Rural Affairs, and Housing in collaboration with the Real Estate Development Fund. One of the most important of these programs is the Developmental Housing Program, which provides housing units or assistance in purchasing fully furnished housing units. This support is directed toward beneficiaries of the Enhanced Social Security Program, as the Kingdom of Saudi Arabia seeks to achieve the future vision it has set forth… Read more
Reading time: < 1 MinuteThe total value of real estate transactions in the Sultanate of Oman rose by 37.8% to reach 1.2206 billion Omani rials at the end of last May, compared to 885.6 million during the same period in 2022.
Reading time: < 1 MinuteThe National Housing Company (NHC) announced the construction of power stations at a number of its residential projects in the capital, Riyadh, and the city of Jeddah, in collaboration with the private sector
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