Dubai requires residential complexes and developers to provide 7 free services to those affected by rain

Dubai - Real Estate Deals and Sales 

Reading time: < 1 MinuteAs part of its rapid response mechanisms to address the impact of the emergency weather conditions experienced by the Emirate of Dubai, the Dubai Land Department has decided to require all residential complex management companies and real estate developers in Dubai to provide the following services at no additional cost: – Providing alternative housing for those affected. – Providing food supplies to affected residents in residential complexes. – Providing services … Read more

Learn about the impact of the off-plan sales and leasing system on the real estate sector

Reading time: < 1 MinuteThe General Real Estate Authority has revealed the impact of the off-plan sales and leasing system on the real estate sector in the Kingdom of Saudi Arabia. In an infographic posted on its “X” social media account, the Authority stated that the off-plan sales and leasing system has six positive effects on the Saudi real estate sector, as follows: an increase in the supply of commercial and residential real estate products. An increase in financing channels … Read more

“Real Estate Authority” announces the issuance of more than 46 thousand licenses since the start of the real estate brokerage system

Public Authority for Real Estate - Off-plan Selling

Reading time: 2 MinutesThe General Real Estate Authority announced that it had issued more than 11,000 real estate licenses during the first quarter of 2024 through its online platform; bringing the total number of active licenses issued by the Authority since the implementation of the real estate brokerage system to more than 46,000, including 641 for individuals and 361 for entities. 5 sections in the real estate license, and the “Real Estate Authority” explained … Read more

Steps to Update Your Information and Activate Your Bank Account on the Ejar Platform

Residential projects

Reading time: < 1 MinuteThe Ejar platform offers a variety of services to citizens and residents of the Kingdom of Saudi Arabia, most notably the payment and transfer of rent between landlords and tenants, as well as the notarization and registration of lease agreements. In the following lines, we explain the method and steps for activating and updating your bank account information on the Ejar platform. Access the official Ejar platform website directly “here.“ Complete the login process to the platform … Read more

Second in the world by 2025 International Monetary Fund raises its forecast for Saudi Arabia's economic outlook

International Monetary Fund Riyadh office market

Reading time: < 1 MinuteThe International Monetary Fund has further upgraded its recently released positive outlook for the Saudi economy, raising its growth forecast for 2025 for the second consecutive time. IMF Forecasts: IMF experts raised their forecast this past April for the Saudi economy’s growth rate in 2025 from 5.51% to 6.1%, an increase of 0.5%, … Read more

SAR 5.460 billion in investment fund assets at the end of the fourth quarter. And real estate acquires 20%

Saudi Arabia Foreign Investment

Reading time: 2 MinutesThe assets of domestic and foreign investment funds in the Saudi market grew by approximately 51% (5,460 billion riyals) by the end of the fourth quarter of 2023, reaching a total of approximately 122,578 billion riyals, compared to 117,117 billion riyals at the end of the third quarter of the same year. This growth was driven by the rise in domestic assets, which grew by … Read more

Video | 3 essential tips for buying the right home without defaulting on financing

Real estate expert Mutair Al-Shammari - Land Selection

Reading time: < 1 MinuteReal estate expert Matar Al-Shammari offered a number of real estate tips that those looking to buy the right home should follow to avoid financial difficulties or defaulting on their mortgage payments. Al-Shammari said in a tweet posted on his account on the social media platform “X”: “It is possible to buy a home without defaulting on mortgage payments by adhering to three key principles, namely: that the loan amount … Read more

Saudi Contractors Authority organizes the sixth edition of the Future Projects Forum on May 20 in Riyadh

Saudi Contractors Authority - Contracting Industry

Reading time: < 1 MinuteThe Saudi Contractors Authority has announced the launch date for the sixth edition of the Future Projects Forum, which aims to strengthen cooperation among more than 40 entities from the public and private sectors. The event is part of the Authority’s efforts to showcase projects worth one trillion riyals. The Authority stated that the forum will be held over two days, from May 20 to 21, at the Four Seasons Hotel in Riyadh, where … Read more

Real estate transactions in the Kingdom achieve 477.3 million riyals during the second week of April

Investors in real estate

Reading time: < 1 MinuteData and indicators from the Real Estate Exchange revealed that 1,022 properties worth 477.3 million riyals were traded in Saudi Arabia during the period from April 7 to 13, This represents a decrease of 89% compared to the number of real estate transactions during the period from March 31 to April 6, which totaled 9,475 properties. The data also showed that the total area of real estate traded in … Read more

24.7 billion riyals the size of the assets of licensed real estate funds in the Kingdom by the end of the fourth quarter of 2023

Saudi Central Bank

Reading time: < 1 MinuteData from the Saudi Central Bank (SAMA) revealed that the total assets of real estate funds licensed by the Capital Market Authority reached 24.7 billion riyals by the end of the fourth quarter of last year. These assets accounted for 20.1% of total investment fund assets. SAMA data also showed that the assets of domestic and foreign investment funds in the Saudi market grew by approximately 51%, an increase estimated at … Read more