Month: April 2024

Jazan Municipality continues to remove dilapidated buildings in Jizan city neighborhoods

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Reading time: < 1 MinuteThe Jazan Municipality continued to remove a number of dilapidated and abandoned buildings as part of the “Visual Distortion and Urban Landscape Improvement” program. Jazan Municipality is keen to address all forms of visual distortion and remove abandoned and dilapidated buildings that pose a danger to lives if they collapse, in addition to other risks and their impact on the environment. The removal comes as part of the municipality's efforts ... Read more

Cabinet approves 200,000 riyals or residential land for those affected by landslides in Taba village

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Custodian of the Two Holy Mosques

Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may Allah protect him - chaired the Cabinet session held yesterday in Jeddah. At the beginning of the session, the Custodian of the Two Holy Mosques briefed the Cabinet on the contacts and talks held during the past days between the Kingdom and a number of brotherly and friendly countries on joint relations, regional issues and global developments. During ... Read more

Real Estate Housing Incubator Acquires 100% Real Estate Brain (ReBrain)

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Housing Incubator

Reading time: < 1 MinuteThe Real Estate Housing Incubator has completed the steps to acquire the real estate brain, which is the first real estate search engine “ReBrain” to search for real estate content and correct real estate information, whose first phase was launched in mid-2023 to coincide with the launch of the real estate brokerage system. More than 57,000 services and real estate information were provided through it during this period on the quest, real estate and brokerage contracts ... Read more

New Square Development highlights its commitment to sustainable city technologies at AACE conference in Riyadh

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Part of the New Square Development Company's participation

Reading time: < 1 MinuteNew Square Development Company (NSDC), which is developing a world-class Downtown Riyadh, participated in the AACE conference held on April 17-18, 2024 at Al Faisaliah Hotel in Riyadh under the theme “Future Mobility. It is a platform for industry leaders to discuss the impact of emerging technologies on project controls, as well as ... Read more

More than 1.6 million queries for real estate instruments in Q1 2024

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Ministry of Justice - Real Estate Exchange

Reading time: < 1 MinuteThe Ministry of Justice revealed the number of real estate deed inquiries through the real estate exchange during the first quarter of 2024. The Ministry of Justice explained in an infographic published on its account on the social networking site “X”, that the number of real estate deed inquiries through the real estate exchange within 3 months reached a figure of more than 1.6 million operations.  

Saudi real estate revenues rise 18% during the fourth quarter of 2023

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Residential Sector - Real Estate Licensing

Reading time: < 1 MinuteThe Saudi real estate sector regained its profitability during the results of the fourth quarter of last year, as Saudi real estate companies listed on Tadawul turned profitable in the last 3 months of 2023 on an annual basis. The sector achieved consolidated profits of 741.54 million riyals in the fourth quarter of last year, compared to losses incurred in the fourth quarter of ... Read more

with a rise of 9%. Medina records 11.7 thousand real estate transactions last month

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Medina Municipality - Commercial Project

Reading time: < 1 MinuteThe number of real estate transactions in the Medina region during the month of March increased by 9%, recording more than 11 thousand rental transactions “residential and commercial”, compared to 10 thousand transactions recorded in the previous month of February. The rental index issued by the electronic network for rental services “Ejar” in integration with the Sakani platform, revealed that Medina recorded 11.7 ... Read more

“NEOM concludes China roadshow with meeting with Hong Kong's business community

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Part of NEOM's meeting with the Hong Kong business community

Reading time: 2 MinutesNEOM concluded its Discover NEOM roadshow in China with a meeting with the business community and heads of major companies in Hong Kong, where NEOM leaders presented the latest developments and achievements in the projects, in addition to highlighting the partnership and investment opportunities available to the Hong Kong business sector, following its two successful tours in Beijing and Shanghai, in addition to its successful tours in Beijing and Shanghai. The meeting, which was held in partnership ... Read more

11K Val Real Estate licenses issued during the first quarter of 2024

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Public Authority for Real Estate - Off-plan Selling

Reading time: 2 MinutesThe General Real Estate Authority announced the issuance of more than 11 thousand real estate licenses during the first quarter of 2024 through the Authority's electronic platform, bringing the total number of active licenses issued by the Authority since the implementation of the real estate brokerage system to more than 46 thousand licenses, including 64% for individuals and 36% for establishments. 5 sections in the Val License The Real Estate Authority explained that the “Val License” ... Read more

Fostering innovation in the design and construction of smart buildings in ROSHN projects“

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ROSHN Signs Agreement with Cisco

Reading time: < 1 MinuteROSHN Group, a national real estate developer, has announced the signing of a Memorandum of Understanding (MoU) with Cisco to promote innovation in the design and construction of smart, sustainable and future-proof buildings. The MoU with Cisco focuses on how the two companies can collaborate to employ the use of Internet of Things (IoT) technology to build smart, sustainable and future-proof buildings. The initiative will see ... Read more

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