Month: September 2023

“Municipality and Housing” allows the issuance of building compliance certificates and gives a deadline to correct violations

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: 2 MinutesThe Ministry of Municipal, Rural Affairs, and Housing announced the availability of the “Building Compliance Certificate,” which aims to ensure that owners of commercial and residential buildings, as well as usufructuaries, ensure their buildings are free of visual disturbances;to provide a healthy and sustainable built environment, enhance the urban landscape in Saudi cities, and improve quality of life. The Ministry clarified that the grace period for addressing violations extends until February 18, 2024, after which compliance will become mandatory for … Read more

Up 23,100 from July... Housing program announces that more than 10,000 families benefited last month

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Residential program

Reading time: 2 MinutesThe “Sakani” program announced that 62,023 Saudi families had benefited from all the housing options and financing solutions the program offers online to its beneficiaries from the beginning of the year through the end of last August, through simple and accessible procedures. Meanwhile, 66,230 families have moved into their first homes, as part of joint efforts to improve housing affordability and achieve the program’s objectives… Read more

7 licenses for building materials quarries offered for competition in Al-Asiyah complex in Qassim

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Mining

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources announced that it is offering seven sites for gravel extraction to compete for licenses for construction material quarries in the gravel complex located northwest of Al-Asiyah Governorate in the Al-Qassim region, effective September 19, 2023,2023, with a total estimated area of 32 km². This initiative is part of efforts to support investors and enhance transparency in investment … Read more

“Land Registry announces 80% properties ready for registration

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Cadastre

Reading time: < 1 MinuteThe the “Real Estate Registry” announced its targets for the next five years, stating that approximately 801,000 properties across various regions and cities of the Kingdom are ready for real estate registration. This announcement was made during its participation in the Cityscape Global exhibition, which concluded a few days ago in Riyadh. The announcement included the signing of a memorandum of understanding by the Real Estate Registry on the sidelines of the exhibition with the “Roshon Real Estate Group,” represented by … Read more

National Housing Authority: More than 1,700 housing units reserved for 1.5 billion riyals

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National Housing Pavilion at Cityscape

Reading time: < 1 MinuteOver the past two days of the “Cityscape Global” exhibition in Riyadh, the National Housing Company (NHC) recorded more than 1,700 reservations for suburbs and communities it is developing in partnership with experienced and competent real estate developers, with a total value exceeding 1.5 billion riyals, as part of the company’s role in meeting the growing demand for residential units and providing housing options within the framework of … Read more

Announcement of a real estate fund to develop the Kadwa area worth 11 billion riyals

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Developing the Kadwa area

Reading time: < 1 MinuteThe Royal Commission for Makkah City and the Holy Sites signed an agreement yesterday to establish a real estate fund with a capital of 11 billion riyals, with the aim of developing the Al-Kadwa area, located south of the Grand Mosque, approximately 500 meters away from it. The area to be developed covers 686,056 square meters and includes 2,614 properties. The Royal Commission’s role in the agreement to establish the fund is highlighted as the implementing entity, and this … Read more

The «Marifa» project in the Khuzam neighborhood is offering 220 villas in northern Riyadh

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The Mureefah Project

Reading time: 2 MinutesThe National Housing Company (NHC) showcased its latest luxury project, “Mareefah,” which features high-end amenities in the Khuzam suburb located north of the capital, Riyadh, The project is part of the company’s plans to provide high-quality housing products in its effort to increase the real estate supply, offer citizens a wide range of housing options, and meet the needs of all cities across the Kingdom. The presentation took place on the sidelines of Cityscape, the largest specialized real estate event… Read more

5 new towers to be built in Masar attracts hotel investments worth 40 billion riyals

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Masar's destination during the signing of an agreement

Reading time: < 1 MinuteUmm Al-Qura Development and Construction Company, the owner and developer of the «Masar» destination, signed an agreement to begin construction on four new residential towers, with investments totaling 2.5 billion riyals, on the sidelines of “Masar”«s participation in the Cityscape Global exhibition. Construction of 4 residential towers at the »Masar” destination. The agreement included the commencement of construction on four new residential towers among the ten towers… Read more

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