SAMA: 731.3 billion riyals in real estate loans to individuals and companies by the end of the second quarter of 2023

Saudi Central Bank

Reading time: < 1 MinuteThe latest data from the Saudi Central Bank (SAMA) revealed an increase in the volume of mortgage loans granted by commercial banks in the Kingdom to individuals and companies by the end of the second quarter of 2023. SAMA’s data showed that the volume of these loans rose by 15% to reach approximately 731.3 billion riyals, compared to 638.3 billion riyals at the end of the second quarter of last year, 2022. According to … Read more

Real Estate Articles Property articles: Real estate finance... And the trap of default

Abdulaziz Al-Issa: Real Estate Finance

Reading time: 2 MinutesReal Estate Articles… Articles on Mortgage Financing… and the Trap of Default by Abdulaziz Al-Issa Questions continue to arise and resurface whenever the topic of mortgage financing comes up, as these questions are rarely absent from the minds of anyone looking to build or purchase a property: What are the best ways to obtain real estate financing, and what are the potential risks? How can the borrower avoid defaulting? As stated… Read more

Determining the requirements for issuing building permits for commercial and residential buildings in the Holy Capital

Municipality of the Holy Capital

Reading time: < 1 MinuteThe Secretariat of the Holy Capital has established the requirements for issuing building permits for commercial and commercial-residential buildings, It has also introduced several procedures that contribute to the development of the licensing system, streamline its processes, and work to identify the best methods and advanced electronic solutions, in order to simplify the procedures for obtaining permits and ensure they are accessible to citizens in the easiest way possible. Introduction of several procedures. The official spokesperson for the Holy Capital Secretariat, Osama … Read more

Hail Chamber workshop on incentivizing real estate development for off-plan sales projects

Off-plan sales projects - Real estate transactions

Reading time: < 1 MinuteThe Hail Chamber of Commerce, represented by its Construction and Real Estate Committee, in collaboration with the “Wafi“ program, organized a virtual workshop yesterday titled “Stimulating Real Estate Development for Off-Plan Sales Projects.“ The workshop, which targeted real estate developers and those interested in the real estate sector, provided an introduction to the Off-Plan Sales and Leasing Committee, the qualification criteria for real estate developers, and incentive products for real estate developers for off-plan projects.

“National Housing Authority opens registration for more than 1400 housing units in Al Fursan suburb in Riyadh

One of National Housing's projects

Reading time: < 1 MinuteYesterday, the National Housing Company (NHC) registration for three new residential projects in the Al-Fursan neighborhood north of Riyadh, following a series of launches in September, to provide quality housing options and meet the growing demand for residential units in densely populated cities. The new projects cover a total area of approximately 370,000 square meters, … Read more

Real Estate Articles Real Estate Articles Real estate marketing: Steps and strategies for your success

Aida Almalki - Real Estate Marketing

Reading time: < 1 MinuteReal Estate Marketing: Steps and Strategies for Your Success by Aida Al-Maliki Real estate marketing is one of the most important skills that every real estate developer or agent must master. In the growing real estate market, it is essential to promote properties effectively and impactfully to attract potential buyers. In this article, we will take a comprehensive look at real estate marketing and present some useful strategies and tools … Read more

Real Estate Articles Real Estate Articles Important points for a beginner real estate broker

Al-Aboudi bin Abdullah Real Estate Broker Day

Reading time: 2 MinutesKey Points for the Novice Real Estate Agent Al-Aboudi bin Abdullah In this article, I will outline some points that are of utmost importance for the novice real estate agent, who must first obtain a “FAL,” which authorizes the practice of real estate brokerage and services. This license can be obtained from the Real Estate Authority’s website, in addition to completing courses at the Real Estate Institute… Read more

Saudi Arabia to host 1,000 green building projects

Green buildings

Reading time: < 1 MinuteThe Saudi Green Building Forum, which kicked off its sessions yesterday evening in Riyadh, revealed that there are 1,000 green building projects in the Kingdom, The Secretary-General of the Saudi Green Building Forum, Engineer Faisal Al-Fadl, confirmed that the building sector accounts for more than 20% of final energy consumption and offers significant commercial and economic opportunities. The new session of the forum focused on discussing a number of … Read more

Under the patronage of the Minister of Municipal Affairs and Housing, the Saudi Green Building Forum kicks off in Riyadh

Saudi Green Building Forum

Reading time: < 1 MinuteUnder the patronage of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, the 13th Saudi Green Building Forum kicked off yesterday evening in Riyadh under the theme “Localizing the Sustainable Development Goals” to highlight energy, water, green cities, businesses, and technology, at the King Abdullah Financial District in Riyadh. The Saudi Green Building Forum and the new session of the forum will discuss … Read more

Real Estate Articles Advantages of online real estate marketing and content marketing

Mohamed Ben Nafie - Real Estate Marketing

Reading time: 2 MinutesAdvantages of online real estate marketing and content marketing Mohammed bin Mana Al-Hatila Online real estate marketing is the process of promoting and selling real estate online, this can include the use of websites, social networks, email, paid advertising, and other channels. There are many advantages to online real estate marketing, including: Reaching a wider audience: Online real estate marketing can... Read more