Month: March 2024

Real Estate Data Service provides information on more than 4 million real estate deeds registered at the Ministry of Justice

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Ministry of Justice - Real Estate Exchange

Reading time: < 1 MinuteThe Ministry of Justice stated that the “Real Estate Data” service it provides through the Real Estate Exchange offers transaction data for more than 4 million real estate deeds registered with the Ministry. The Ministry of Justice launched a chronological record of all details regarding notarial transactions conducted on real estate—“Real Estate Data”—through the Real Estate Exchange. The Real Estate Data service enables users to view all property data, from the sale of … Read more

Rental prices in Saudi Arabia rise 10% in February

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General Authority for Statistics - Residential Rental Prices

Reading time: < 1 MinuteData from the General Authority for Statistics revealed that residential rental prices in the Kingdom of Saudi Arabia rose by 10% during the month of February, driven by a 9.1% increase in villa rental prices, noting that the rise in this category had a significant impact on the annual inflation rate for February 2024, as it accounts for 21%. The monthly inflation index was affected by increases in the housing and water sector … Read more

Real estate transactions in Riyadh declined in February

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Riyadh - Saudi Real Estate Market

Reading time: < 1 MinuteData released by the Ministry of Justice revealed a decline in real estate transactions in Riyadh during the month of February, with villa transactions falling by 10.9% and land transactions by more than 17.9 %, while apartment transactions recorded a slight decline of 0.8% in the same month, influenced by several factors, most notably rising interest rates, the start of the holy month of Ramadan, and the shift in housing subsidies to … Read more

Emir of Qassim hands over 115 housing units to beneficiaries of the developmental housing program

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Emir of Qassim hands out developmental housing units

Reading time: < 1 MinuteHis Royal Highness Prince Dr. Faisal bin Mishaal bin Saud bin Abdulaziz, Governor of the Qassim Region, recently handed over, at the regional government headquarters, 115 housing units to the most needy families among the beneficiaries of the Developmental Housing Program, donated by businessman Abdullah Al-Othaim, in the presence of Talal Al-Khunaini, Deputy Minister of Municipal, Rural Affairs, and Housing for the Third Sector and Community Participation, and the region’s secretary, Engineer Muhammad Al-Majali, … Read more

Eastern Chamber signs cooperation agreement to support the contracting sector

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Eastern Chamber signs an agreement to support the contracting sector

Reading time: < 1 MinuteThe Eastern Province Chamber of Commerce recently signed a cooperation agreement at its headquarters with the Saudi Contractors Authority to strengthen collaboration in scientific and technical fields and exchange expertise in a way that contributes to the development of the construction sector. The agreement, signed by Badr Al-Rizai, Chairman of the Chamber’s Board of Directors, and Engineer Zakaria Al-Abdulqader, Chairman of the Authority’s Board of Directors, aims to strengthen joint cooperation and implement programs and events that support the business sector … Read more

Ministry of Justice unveils the second edition of the Real Estate Exchange Services Guidebook

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Ministry of Justice - Real Estate Exchange

Reading time: < 1 MinuteThe Ministry of Justice unveiled the second edition of the guide to real estate exchange services via its account on the social media platform “X.” The real estate exchange is a digital platform that provides real estate trading services (buying and selling), as well as mortgage and real estate financing services. It also provides services for issuing deeds related to requests for the sorting and consolidation of properties using the real estate ID, The exchange also offers multiple options for indices and property inquiries across all … Read more

Industry conducts 1124 rounds of inspections on mining sites in February

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Reading time: 2 MinutesThe Ministry of Industry and Mineral Resources—represented by the Mining Compliance and Oversight Agency—conducted 1,124 inspection visits to a number of mining sites in various regions of the Kingdom during the month of February. Jarah bin Mohammed Al-Jarrah, the official spokesperson for the Ministry of Industry and Mineral Resources, explained that the inspection tours conducted last month included 334 tours of mining sites in the Riyadh region and 171 tours … Read more

Hail Region Development Authority concludes its participation in the International Real Estate Forum

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Reading time: < 1 MinuteThe Hail Development Authority concluded its participation in the 24th MIPIM International Real Estate Forum, held in Cannes, France, over the course of five days with the participation of government agencies and real estate development companies. This exhibition is a major gathering of industry leaders, investors, and decision-makers from around the world. The Authority’s participation took place under the “Invest in Saudi Arabia” umbrella, with more than 6,500 investors in attendance, … Read more

200 million square meters of land inventory in ROSHN projects“

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Roshan Real Estate Company - Residential Projects

Reading time: 2 MinutesRoshen Group—the leading national real estate developer and one of the major projects wholly owned by the Public Investment Fund— the approach it takes to urban transformation in the Kingdom during its participation in the world’s leading real estate exhibition (MIPIM), held in Cannes, France. Roshen participated in the “Invest in Saudi Arabia” pavilion, and was part of the largest Saudi delegation participating in … Read more

Riyadh Municipality concludes its participation in the World Urban Festival MIPIM

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Riyadh Municipality's participation in the World Urban Festival

Reading time: < 1 MinuteThe Riyadh Region Secretariat concluded its participation in the MIPIM International Urban Festival, where it focused on strengthening international cooperation, building strategic international partnerships, and attracting investment opportunities to Riyadh, by showcasing a distinctive model of development and innovation in urban planning for the city of Riyadh, its most significant flagship projects, the implementation mechanism for future projects, and the methodology for resident participation in Riyadh’s projects. The Riyadh Municipality emphasized that its participation … Read more

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