Month: December 2023

A recent real estate report: Saudi Arabia's construction market in 2023 is the strongest globally

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Amlak 279 Saudi Construction Market

Reading time: 2 MinutesA recent report by the Royal Institution of Chartered Surveyors (RICS) revealed that the Saudi construction market index achieved the strongest results globally, with the index in the Kingdom recording a reading of 69 percent in the third quarter of 2023, up from 63 percent in the previous quarter of the same year. A positive outlook for the construction market... Read more

More than 12 residential suburbs in line with the new concept of urban development

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Amlak 279 Residential suburbs

Reading time: 2 MinutesMore than 12 residential suburbs keep pace with urban development in a new concept One of the most prominent achievements of the housing program, which is based on the directives of the Kingdom's Vision 2030, is the development of residential suburbs in large cities, not only to provide and pump thousands of housing units, but the genius came in providing million spaces on the extensions of the targeted cities, which contributes to decongesting congestion and pressure on services, ... Read more

  The achievements of housing programs and projects have drawn the map of the real estate sector

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Housing Projects 2023

Reading time: 2 Minutes  The achievements of housing programs and projects draw the map of the real estate sector Riyadh - Mohammed Jamous The housing programs have achieved many gains in the housing sector, as it has worked since its launch in 2018 to increase the supply of housing products with high quality and affordable prices, and in a short time to make the Kingdom at the forefront of the world countries that have a clear strategy in national housing and a specific goal to own ... Read more

The Real Estate Development Fund clarifies the steps to update the mortgaged instrument

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Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Reading time: < 1 MinuteThe Real Estate Development Fund's beneficiary care account explained the steps to update the mortgaged deed and the need to extend the financial payments for citizens. This came in response to a person's question about how to update an old mortgaged residential deed, and he wants a no-objection letter from the Fund to submit it to the notary. While the Real Estate Fund responded to the inquiry, and provided a detailed explanation of the necessary steps to update the deed ... Read more

96700 real estate units with areas exceeding 30 million m2 to be sorted in 2023

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Off-plan Real Estate Projects Real Estate Contributions

Reading time: 2 MinutesThe General Real Estate Authority announced the sorting of 96700 real estate units in the various regions and cities of the Kingdom during 2023, with total areas exceeding 30 million square meters. Sorting more than 95 thousand housing units, the Real Estate Authority explained that the total number of requests received by the electronic platform for sorting real estate units; nearly 13 thousand requests, during which 96700 real estate units were sorted, where ... Read more

Real Estate Articles The Royal Speech And national targets

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Hani Khashoggi - Foreign Ownership - 95th National Day

Reading time: 2 MinutesReal estate articles: The Royal Speech Hani Khashoggi: We Saudis have the right to be happy with the Kingdom's global progress in all fields, which was witnessed by the country's regions without exception, and felt by citizens, residents and followers on the ground, and we have the right to be proud of our leadership and people who voluntarily took the path of change and modernization, in conjunction with the announcement of Vision 2030 before ... Read more

Zakat Commission reveals cases in which real estate transaction tax can be refunded

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Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority (ZTA) has confirmed that in some cases, the beneficiary can recover the amount of the real estate transaction tax, if the payment has been made and the sale has not been cleared and the decision to sell has been reversed. The Zakat Authority also indicated that in this case, the seller can cancel the request through the Real Estate Transactions Portal. View Real Estate Transactions icon. The amount will be refunded. Read more

“Norlana. NEOM's new coastal residential destination on the Gulf of Aqaba

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Reading time: < 1 MinuteThe NEOM Board of Directors has announced Nourlana, a new state-of-the-art residential community dedicated to rejuvenation and wellness, as the newest destination within the NEOM project. Located on the coast of the Gulf of Aqaba, Nourlana will offer a unique environment in an exclusive community for 3,000 residents, providing them with exceptional living equipped with the latest technology, setting a benchmark for sustainable healthy living. ... Read more

Video | Municipal, Rural Affairs and Housing spokesperson reveals the ministry's efforts in 2024

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Reading time: 2 MinutesThe spokesperson for the Ministry of Municipal and Rural Affairs and Housing, Saif Al-Suwailem, revealed the efforts that the ministry will make during the coming year 2024. “The ministry will continue its efforts to develop the Kingdom's cities and their residents and improve them in general, by providing all services, whether at the level of the municipal sector or at the level of ... Read more

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