Month: December 2023

ROSHN introduces a new off-plan home ownership program in its communities

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Roshan Real Estate Company - Residential Projects

Reading time: 2 MinutesRoshon Group—wholly owned by the Public Investment Fund—announced the launch of a home ownership program in Roshon communities through its partnership with the Saudi National Bank to offer a new home ownership program in Roshon communities. This pioneering collaboration represents a quantum leap in this type of partnership, as Saudi National Bank employees will be able to take advantage of the opportunity to purchase off-plan units in Roshen communities… Read more

8 key pathways to humanize cities, increase ownership and improve services

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Minister of Municipal and Rural Affairs and Housing Majid Al-Haqeel Humanizing Cities

Reading time: 2 MinutesThe Ministry of Municipal, Rural Affairs, and Housing continues its efforts to develop and humanize cities and improve their services to meet the expectations of their residents and visitors, through a wide range of programs and initiatives designed to achieve this in line with the Kingdom’s Vision 2030, of which the Ministry is directly and indirectly responsible for more than 30% of the goals. During the Budget Forum events, the Ministry reviewed … Read more

Al-Haqeel: 32,000 families have benefited from developmental housing services

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Al Haqeel - Business License - Quality of Life

Reading time: 2 MinutesHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, affirmed that the housing program—which aims to achieve a homeownership rate of 70% by 2030— is based on four pillars: providing housing that is commensurate with citizens’ incomes and their various socioeconomic categories; making financing available for home ownership; ensuring that regulations and legislation in the real estate sector are clear; and ensuring that the experience … Read more

Real estate stock exchange: 5,596 real estate transactions worth 6 billion riyals were completed last week

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Riyadh - Business - Localization of real estate activities and professions

Reading time: < 1 MinuteThe Real Estate Exchange recorded 5,596 real estate transactions worth 6 billion riyals last week, while the total area traded exceeded 26 million square meters.   Details for the Riyadh region: Number of transactions: 2,489 Transaction value: 3,105,044,408 riyals Area traded: 3,561,775 m² Highest price: 24,726 riyals/m² Average price: 228 riyals/m²

His Highness the Crown Prince launches urban plan and branding for Qiddiya City

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Crown Prince Mohammed bin Salman

Reading time: 2 MinutesHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Board of Directors of Al-Qiddiya Investment Company—may God protect him—launched the urban master plan for Al-Qiddiya City and the global brand for Al-Qiddiya. His Royal Highness explained that in the near future, Al-Qiddiya will become a global leader in entertainment, sports, and culture, which will be reflected … Read more

92 real estate brokers referred to the competent authorities on suspicion of financial fraud

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Public Authority for Real Estate - Off-plan Selling

Reading time: < 1 MinuteThe General Real Estate Authority has initiated action on a number of complaints, in addition to monitoring and following up on certain transactions, which resulted in the referral of 92 real estate brokers to the competent authorities due to suspected cases of “financial fraud,” while the remaining regulatory procedures regarding the monitored reports are being finalized for referral to the competent authorities. The Real Estate Authority confirmed that it is working on electronic monitoring targeting online channels and platforms … Read more

The 2024 Budget Forum kicks off with a panel discussion titled “Sustainable Finance”

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2024 Budget Forum

Reading time: 2 MinutesThe first session of the 2024 Budget Forum, titled “Sustainable Finance,” kicked off today in Riyadh, with the participation of His Excellency the Minister of Finance, Mr. Mohammed bin Abdullah Al-Jadaan, and His Excellency the Minister of Economy and Planning, Mr. Faisal bin Fadel Al-Ibrahim. During his participation in the panel discussion, His Excellency the Minister of Finance explained that since its launch in 2016, Saudi Vision 2030 has included a wide range of sectoral and regional strategies, as well as a number … Read more

“Municipality and Housing” launches the first phase of the unified government resource planning system “ASAS”

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs, and Housing has launched the first phase of the Unified Government Resource Planning System “Asas,” which is one of the key initiatives of the National Transformation Program aimed at developing a unified government resource system covering human resources, finance, budgeting, and supply chain management across all affiliated secretariats and municipalities. Coordinating and standardizing all operations, the Ministry explained that the program, which was … Read more

Residential program provides 3060 free residential lands to Saudi families

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White Land Fees

Reading time: < 1 MinuteLast November, the Sakani program made 3,060 free residential plots available to eligible Saudi families through the Sakani website and app in various regions of the Kingdom, as part of joint efforts to improve housing affordability. The program explained that the plots made available online were distributed across a number of regions in the Kingdom, including 1,095 plots in Al-Muznib and Ayun Al-Jawa … Read more

Learn everything you need to know to get free land

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Real Estate Services - Get Free Land

Reading time: < 1 MinuteFind out everything you need to know to get free land. Important requirements for obtaining free land: The applicant family must hold Saudi citizenship. Both the husband and wife must be at least 25 years old, and their children must not be older than 25. The family must not have previously benefited from this program. Furthermore, they must not own any registered real estate or land… Read more

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