Month: September 2023

Reading time: < 1 MinuteTamer bin Abdullah Al-Saadoun, CEO of the National Transformation Program, said that the initiative to digitize real estate assets in the Kingdom has digitized more than 180 million real estate documents over a period of three years through centralized digitization centers operating around the clock, making it the largest in the Middle East. Al-Saadoun added in his remarks that real estate registration procedures can be converted… Read more

Reading time: < 1 MinuteThe Real Estate Development Fund and the National Housing Company (NHC) announced the signing of the first agreement regarding the affordable installment program with the Saudi bank “Al-Awwal,” with the aim of enabling of “Sakani” whose salaries are 7,000 riyals or less to access the program’s financing solutions, in the presence of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing. The agreement comes as part of joint efforts to improve the ability … Read more

Reading time: < 1 MinuteThe Ministry of Justice revealed that more than 250,000 transactions were conducted through the real estate exchange during the pilot launch, ranging from property transfers to property consolidation and division, as well as mortgage and real estate financing services. 130,000 transactions The Ministry stated in a press release that real estate “buy and sell” transactions totaled 130,000, while property consolidation and merger transactions totaled 100,000, while the number of … Read more