Month: May 2024

77.37 billion riyals in real estate transactions in the Kingdom since the beginning of 2024

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Riyadh - Saudi Real Estate Market

Reading time: < 1 MinuteData from the Ministry of Justice revealed that the Riyadh region accounted for 50.8% of the total value of real estate exchange transactions, which amounted to 77.37 billion riyals, since the beginning of this year, 2024. Number of Real Estate Transactions in Riyadh: According to Ministry of Justice data, the number of real estate transactions in the Riyadh region reached 26,400, of which 86% were residential transactions, while the total number of real estate exchange transactions reached 64,211, varying … Read more

The sixth edition of the Future Projects Forum kicks off in Riyadh

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Future Projects Forum - Archive

Reading time: < 1 MinuteThe Saudi Contractors Authority launched the sixth edition of the Future Projects Forum today, Monday, 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 explained that the forum will be held over two days, from May 20 to 21, at the Four Seasons Hotel in Riyadh, where it will provide … Read more

Infographic: 5 steps to inquire about the real estate advertising license

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Off-plan Real Estate Projects Real Estate Contributions

Reading time: < 1 MinuteThe General Real Estate Authority has launched a service to check the validity of real estate listings, which enables participants in the real estate market to verify the authenticity of real estate listings in order to reduce the prevalence of fraudulent listings, enhance the reliability of real estate advertising licenses, increase transparency, and improve the customer experience. The Authority noted that this service is available to real estate brokers, property owners, and those searching for properties. The Real Estate Authority outlined the steps required to check … Read more

Jazan Municipality conducts control tours on buildings under construction in Abu Arish governorate

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Reading time: < 1 MinuteLast April, the Jazan Regional Secretariat, represented by the Abu Arish Governorate Municipality, conducted 187 construction inspection tours within the governorate’s residential neighborhoods and its affiliated villages, to identify construction violations and ensure compliance with municipal regulations, as part of its efforts to monitor buildings and structures, curb construction violations, and improve the quality of projects. The Secretariat explained that the field inspection teams issued … Read more

Najran Municipality completes 86% of the King Fahd Road rehabilitation and development project

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Najran Municipality - Construction License

Reading time: < 1 MinuteThe Najran Regional Secretariat has completed 86% of the King Fahd Road Rehabilitation and Development Project. Abdullah Al-Fadl, the secretariat’s official spokesperson, explained that the project consists of a four-lane main road, a two-lane service road, and shoulder parking areas in each direction, in addition to landscaping, planting, and lighting works. Al-Fadl noted that the project is part of a package of development projects … Read more

Investment opportunity announced for the development and operation of a shopping complex in Medina

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Medina Municipality - Commercial Project

Reading time: < 1 MinuteThe Madinah Region Secretariat has announced an investment opportunity to build, renovate, operate, and maintain a shopping complex at the intersection of Imam Muslim Road and Salama bin Dhakwan Road in Madinah. The Secretariat explained that the commercial complex is located on an area of 4,035.62 square meters, with the contract term between the investor and the Secretariat set at 25 years and a grace period of 30 months. The Madinah Secretariat invited investors … Read more

Infographic: Know your rights in real estate sales and leasing

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Real Estate Advertising Regulations

Reading time: 2 MinutesDuring its participation in two workshops as part of the Saudi Real Estate Development and Ownership Exhibition “Seredo 2024,” the General Real Estate Authority clarified individuals“ rights in real estate sales and leasing transactions.  During its participation in the SEREDO 2024 exhibition, the Real Estate Authority also reviewed the real estate legislative framework and services in the real estate development sector within the Kingdom. Participants in the first workshop, titled ”Safeguarding Rights in Real Estate Transactions,” … Read more

880 billion dollars is the value of the overall vision for the Kingdom's Giga Projects program

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Part of the Saudi Giga Projects Summit

Reading time: 2 MinutesAl-Murabba’ Al-Jadid—a Public Investment Fund (PIF) company and a leader in mega-projects in the Kingdom—reaffirmed its commitment to shaping the future of Riyadh and advancing global urban development during its participation in the Saudi Giga Projects Summit 2024, and the Middle East and North Africa Construction Summit, which concluded in Riyadh. The summit, which brought together key stakeholders from government agencies, … Read more

Partnerships and Investment Opportunities: Highlights from the 2024 Saudi Real Estate Development and Ownership Exhibition in Jeddah

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Ceredo Real Estate Exhibition

Reading time: 2 MinutesThe Saudi Real Estate Development and Ownership Exhibition “Seredo 2024” concluded its events in Jeddah yesterday; highlighting numerous promising investment opportunities in the sector and promoting best practices and experiences among industry professionals, while strengthening local and international partnerships. The workshops, led by a select group of experts in real estate development, covered the analysis of recent market trends, the field of geospatial data, and its impact on shaping the future of … Read more

375,000 riyals worth of the GCC Housing Work Award in its new edition

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Reading time: 2 MinutesAt their most recent meeting, the housing ministers of the Gulf Cooperation Council (GCC) countries launched the sixth edition of the GCC Housing Award under the theme “Smart Digital Applications and Technologies in Housing Projects and Programs,” and increased the prize money to 375,000 Saudi riyals from 100,000 riyals, emphasizing the need for ministries and institutions responsible for housing affairs in the countries … Read more

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