Month: July 2024

“National Housing Authority and Korea's Naver sign contract to operate smart city solutions for Baladi's digital twin”

by

Reading time: < 1 MinuteThe National Housing Company (NHC) has signed a contract with NAVER Cloud Corporation, a South Korean cloud service provider, to operate smart city solutions for the digital twin on the Baladi platform, with the aim of facilitating digital transformation, in the presence of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, and His Excellency the Deputy Minister and Chairman of the Board of Directors of the National Housing Company (NHC), Mr. Ehab Al-Hashani. This step comes as part of … Read more

22 investment opportunities in Sakaka They include residential activities and a tourist resort

by
Al-Jouf Secretariat

Reading time: < 1 MinuteThe Al-Jawf Region Secretariat announced the launch of 22 diverse investment opportunities in the city of Sakaka for investors and national institutions, with the aim of improving the services provided to beneficiaries, increase investment in the municipal sector, and strengthen partnerships with the private sector in accordance with the plans of the Ministry of Municipal, Rural Affairs, and Housing and the objectives of Saudi Vision 2030. Omar bin Abdulaziz Al-Hamwan, the official spokesperson for the Al-Jouf Region Municipality, explained that the investment opportunities … Read more

Al-Haqeel: Ministry's name change reflects commitment to developing an advanced urban environment

by
Al-Haqeel

Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—issued a decree changing the name of the “Ministry of Municipal, Rural Affairs, and Housing” to the “Ministry of Municipalities and Housing.” On this occasion, His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, expressed his deepest gratitude and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness … Read more

International reports: Saudi Arabia needs to build 1.2 million more homes over the next decade

by
Saudi Arabia Foreign Investment

Reading time: < 1 MinuteThe “Mordor Intelligence” website confirmed that the Saudi real estate market is highly competitive, with demand for new properties rising due to the growth of commercial activities and increased competition. It noted that the Kingdom has identified the housing sector as one of its key initiatives under Vision 2030. The Ministry of Municipal, Rural Affairs, and Housing aims to build 300,000 housing units over the next five years, … Read more

In numbers and statistics... Saudi Arabia's real estate market trends and size in 2024

by
Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

Reading time: 4 MinutesThe Saudi real estate market is highly competitive, with demand for new properties on the rise due to growing commercial activity and increased competition. According to an analytical study published by “Mordor Intelligence,” the market is expected to witness fierce competition between local and international developers. Therefore, companies must adapt their strategies to remain competitive by adopting international standards and practices. Furthermore … Read more

What do the major trends in architectural design look like during the summer of 2024?

by

Reading time: 3 MinutesIn the summer of 2024, several architectural trends are emerging that combine sustainability, technology, simplicity, and a return to nature. These trends reflect radical changes in how designers and architects are thinking about the future. The summer of 2024 presents a range of architectural designs that combine sustainability, innovation, simplicity, and nature. These designs are not only aesthetically pleasing but also practical, aiming to improve quality of life and meet … Read more

Manzili Real Estate Technology Solutions improves user experiences in the real estate market

by
Real Estate Market - Manzili 2

Reading time: < 1 MinuteSince its launch in 2022, Manzali has continued to deliver technological innovations that enhance user experiences in the Saudi real estate market. The company offers advanced technological solutions, including 3D virtual tours, virtual staging, and visualizations of real estate projects. These solutions not only improve the customer experience but also facilitate the processes of buying, selling, and renting through … Read more

Building materials prices Rebar and cement prices mixed, electrical wires rise in June

by
Steel Prices - Rebar

Reading time: 2 MinutesReinforcing steel prices in Saudi Arabia fluctuated during the month of June, with prices for electrical wires and cables rising significantly. According to the bulletin on average prices of goods and services issued by the General Authority for Statistics, the price of 6-mm-diameter rebar fell by 4.3% to 3,897.64 Saudi riyals per metric ton. The price of 8-mm-diameter rebar fell by … Read more

The number of rental transactions in Medina remained stable during the month of June

by
Rent - Residential Contracts - Refunds

Reading time: < 1 MinuteThe real estate market in Madinah remained stable during June 2024, recording 10,500 residential and commercial rental transactions, according to the “Ejar” online rental services index, in collaboration with the “Sakani” platform. The report showed that the number of rental transactions remained stable compared to June 2023, with a slight decrease of 0.9%. Residential apartments accounted for the largest share … Read more

Emir of Qassim honors employees of the region's National Housing Association

by

Reading time: < 1 MinuteHis Royal Highness Prince Dr. Faisal bin Mishaal bin Saud bin Abdulaziz, Governor of the Al-Qassim Region, honored the staff and team of the Al-Qassim Community Housing Association, on the occasion of the association achieving a score of 99.341 TP3T in the 2023 governance standards assessment. This took place during a reception held by His Highness at his office in the Emirate yesterday, where he met with the Secretary of the Al-Qassim Region, Engineer Muhammad Al-Majali, and a member of the Board of Directors of the Housing Association… Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.