Month: January 2024

Reading time: 17 MinutesThe Official Gazette - Umm Al-Qura - published in its latest issue issued last Friday, details of the Board of Directors (Board of Directors of the General Authority for State Properties) Decision No. (Q/1/18/2023) dated 10 Rabiul Awwal 1445 H (third edition) regarding the regulation of disposal of state real estate. According to the Umm Al-Qura newspaper, the regulation on the disposal of state real estate consists of 7 chapters distributed ... Read more

Reading time: < 1 MinuteThe Ministry of Justice revealed in its latest data that the number of real estate transactions during the past year 2023 recorded about 177 thousand transactions, while the number of properties sold in the same year amounted to 182.6 thousand properties, with a total area of 891.6 thousand square meters. According to the Ministry of Justice data, which was reported on its website, the value of real estate transactions declined ... Read more

Reading time: < 1 MinuteThe monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for the month of November revealed that real estate loans provided by commercial banks operating in the Saudi banking system to individuals and companies continued their momentum to reach their highest levels by the end of the third quarter of 2023 with a value of about 747,203 billion riyals, achieving an annual growth of 12.8% and an increase of about 84,517 billion riyals, ... Read more

Reading time: 3 MinutesThe Future of Real Estate Forum 2024 concluded its work yesterday, with the signing of more than 50 agreements and memorandums of understanding, with a total value of more than SAR 100 billion, over 3 days, focusing on new innovations in the real estate industry, the most prominent challenges, new opportunities and emerging trends in the sector, in addition to discussing sustainable financing solutions, the impact of natural factors on the real estate industry, and its role in improving ... Read more