Reading time: < 1 MinuteRecently released economic data showed that new home sales in the United States rose last month after declining the previous month, according to revised figures, due to the impact of mortgage interest rates on housing demand. The U.S. Department of Commerce reported that sales of single-family homes fell by 8.1% in December to an annualized rate of 664,000 homes … Read more
Reading time: 2 MinutesPromising Statistics in the Real Estate Sector Abdulaziz Al-Issa The statistics and data from the Third Real Estate Future Forum held out new hope for the sustainability of the real estate sector and its role as a key pillar in supporting the national economy; Real estate activities contribute approximately 12.21% to non-oil GDP, while the construction sector’s contribution reached 11.31%, confirming that transactions in the sector are not merely sales … Read more
Reading time: 2 MinutesDuring his participation in the Future of Real Estate Forum, His Excellency Badr bin Abdulrahman Al-Qadi, Deputy Minister of Sports, investment in the sports sector as a key factor in boosting the growth of the real estate industry, noting that investors find tremendous opportunities in building infrastructure and developing sports facilities. He highlighted the support and attention the sports sector receives from the wise leadership, under the guidance of His Highness the Minister of Sports … Read more
Reading time: < 1 MinuteA report by Al-Ikhbariya TV on Monday revealed that 1,075 real estate transactions were recorded in the Kingdom, with a total value exceeding 1.2 billion riyals, in a single day. The report stated that Riyadh recorded approximately 346 real estate transactions with a total value of more than 670 million riyals, covering a total traded area estimated at 232,000 square meters. Meanwhile, the most active neighborhoods across the Kingdom were … Read more
Reading time: 2 MinutesThe Ministry of Industry and Mineral Resources announced today a 901% increase in the number of residential properties that meet the standards and requirements of the National Program for Collective Housing for Individuals during 2023. This increase indicates positive engagement and growing adoption of national housing standards in the industrial sector. These figures reflect the Ministry’s commitment and efforts to promote the implementation of collective housing standards, which aim to … Read more
Reading time: 2 MinutesThe Agency for Stimulating Housing Supply and Real Estate Development at the Ministry of Municipal, Rural Affairs, and Housing announced the launch of the “Ajood” initiative across 74 housing projects, with the aim of obtaining a sustainability assessment and issuing a “Mustaqbal,” thereby contributing to raising the quality of housing products, meeting the aspirations of Saudi families, and providing a modern living environment that meets their needs and enhances their well-being. The agency noted that this initiative is being implemented in collaboration … Read more
Reading time: < 1 MinuteSaudi Fransi Capital, in its capacity as manager of the Bonyan REIT, has signed a new lease agreement for the Al-Rafiah residential complex for a term of 5 years and 6 months, after the current tenant decided not to renew the contract. Saudi Fransi Capital stated in a fund announcement on the “Tadawul” website that the lease agreement was signed for a total value of 121.4 million riyals, with the term beginning … Read more
Reading time: < 1 MinuteTaysir Al-Mufarraj, the official spokesperson for the General Real Estate Authority, explained that the penalty for providing real estate information without a license starts with a warning and can result in a fine of up to 200,000 riyals. Al-Mufarraj said during a phone interview with the “Yahla” program on Rotana Khaleejia that there is no problem with speaking, expressing, or offering opinions on real estate in general, but if that opinion … Read more
Reading time: < 1 MinuteAbdulrahman bin Ali Al-Qut writes : Deactivated real estate estates
Reading time: < 1 Minute10 points in the mortgage contract before signing
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