The latest is Darat Sadeem. National Housing Company launches 40 projects in 2023

National Housing Company

Reading time: < 1 MinuteThe National Housing Company (NHC), in partnership with Al-Awwal Real Estate Development Company, has launched the Darat Sadaim project, located in the Sadaim suburb of Jeddah Province, as part of ongoing efforts in partnership with the private sector to increase the supply of real estate in the Kingdom. The Darat Sadaim project is the third to be launched in September, following the Jeddah Al-Fursan and Jawharat Al-Buhayrat projects. Since …, the National Housing Company has launched … Read more

Britain's rental prices soared last month

Rental housing prices

Reading time: < 1 MinuteThe British real estate market has seen an unprecedented surge in rental prices, which rose last month at the fastest pace in at least a decade. Property sales prices also rose in September for the first time in four months, according to two recently released reports. Hampton Real Estate reported that rental prices rose by 12% last August compared to … Read more

The off-plan sales and leasing system requires practitioners to qualify their facilities

Head of the Real Estate Authority

Reading time: < 1 MinuteThe CEO of the General Real Estate Authority, Engineer Abdullah bin Saud Al-Hammad, emphasized that the system for selling and leasing off-plan projects requires developers to complete the construction of their projects, and then obtain licenses for their projects before they begin advertising, displaying, or marketing them. He emphasized the General Real Estate Authority’s commitment to keeping pace with the digital transformation in the real estate development sector by regulating the relationships between the parties involved in off-plan sales projects … Read more

Real estate archive: News, Decisions, and Announcements Fulfilling Real Estate Dreams in 2023

The most important decisions and news in the real estate sector 2023

Reading time: < 1 MinuteRegulations, controls, and guidelines for the real estate sector; official launch of the Real Estate Exchange; implementation of the Real Estate Registry in Riyadh, Jeddah, and Dammam; launch of the Real Estate Contribution System; adoption of the executive regulations for the Saudi Building Code; launch of the real estate advertising licensing service. The real estate brokerage system will become operational in January 2023. Implementation of the government real estate leasing system and its executive regulations will begin. Adoption of the building coverage guidelines under … Read more

“Compliance” is a civilized value that reflects responsiveness in implementing regulations

Compliance is a civilizational value

Reading time: < 1 MinuteCompliance is a cultural value for institutions and individuals in adhering to rules, regulations, and controls, and the real estate sector has shown significant responsiveness in adhering to the guidelines approved by the relevant authorities, which help improve the sector’s efficiency. The figures and data demonstrate the impact of these regulations in shaping a bright outlook for the real estate market. 450,000 non-compliant real estate listings have been removed. 18 licenses have been issued to real estate platforms providing brokerage services… Read more

Saudi Arabia's economy among the world's trillion-dollar economies and private sector growth

Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

Reading time: 2 MinutesThe Kingdom of Saudi Arabia has achieved increasing successes that have contributed to an improvement in key economic indicators, as reflected in reports by the International Monetary Fund and relevant international organizations, which ranked the Saudi economy as the fastest-growing among the G20 economies in 2022. A report by the Council of Saudi Chambers, released on the occasion of the Kingdom’s 93rd National Day, indicated that the Kingdom’s gross domestic product (GDP) reached 4.155 … Read more

In pictures... The latest kitchen ceramic designs in 2023

Kitchen ceramics

Reading time: 3 MinutesIn recent years, kitchens have evolved into more than just a space for cooking. As open-concept living has become a hallmark of modern homes, the kitchen has become a hub for family gatherings, entertainment, and creativity. The aesthetic and functional aspects of kitchen design play a crucial role in this transformation, and no element contributes more to the look and feel of a kitchen than tile. In the second half … Read more

Rental Index... Residential sector tops... More than 340 thousand transactions in August

Rental index

Reading time: 2 MinutesThe “Rental Index” recorded more than 340,000 rental transactions during the month of August, according to reports and data released by the online rental services network “Ejar” in integration with the “Sakani” platform; The index covers more than 160 cities and provinces, encompassing most of the Kingdom’s cities and regions, marking the highest number of rental transactions recorded by the index in a single month. The August report showed … Read more

Jeddah Governor honors the members of the “Let's Initiative” program and the entities participating in the campaign to protect the marine environment

Jeddah Governor honors the members of the Lunbader program and the parties involved in protecting the environment

Reading time: 2 MinutesHis Highness Prince Saud bin Abdullah bin Jalawi, Governor of Jeddah, honored today at the governorate headquarters the members of the “Let’s Take the Initiative” program, as well as the participating entities from the public and private sectors in the first phase of the volunteer campaign to protect the marine environment in Jeddah, a number of volunteers, and Al-Baik Food Systems. His Highness and the attendees watched an introductory video about the campaign, which documented the participation of male and female volunteers in cleaning the beaches, … Read more

Hopes and Achievements in the Housing Sector Are Looking Up

Achievements of the Housing Sector — 93rd National Day

Reading time: < 1 MinuteHopes and Achievements in the Housing Sector Are Moving in a Positive Direction === == Housing Program: During the current year, 2023, 62,020 Saudi families benefited from the program. 66,230 families moved into their first homes. ==== In 2022, 148,876 families benefited from housing and financing solutions. 158,855 families moved into their first homes. === == Ishraqat has trained 3,000 real estate developers through business accelerator agreements. … Read more