Month: October 2024

Proptech Council A new initiative from the Public Authority for Real Estate to support companies

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Reading time: < 1 MinuteThe General Real Estate Authority has unveiled the objectives of the PropTech Council, an initiative of the Saudi PropTech Center, which was launched on the first day of the Global PropTech Summit organized by the Authority under the patronage of the Ministry of Municipal and Housing Affairs and in strategic partnership with the National Housing Company. According to the Real Estate Authority, the Proptec Council features panel discussions bringing together experts working in the technology sector … Read more

Future Investment Initiative Conference kicks off in Riyadh

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Reading time: 2 MinutesUnder the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—the eighth edition of the Future Investment Initiative (FII) kicked off today under the theme ”Boundless Horizons… Invest Today to Shape Tomorrow,” at the King Abdulaziz International Conference Center in Riyadh. At the start of the conference, Richard Atías, CEO of the Future Investment Initiative, welcomed Their Highnesses… Read more

For those working in the real estate sector Learn about the services, initiatives and goals of the Saudi Proptech Center

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Reading time: 4 MinutesThe General Real Estate Authority launched the Saudi PropTech Hub (Sph) as part of the first Global PropTech Summit, establishing it as a hub to serve all those interested in real estate technology both within and outside the Kingdom, It provides services that empower stakeholders in the sector, enhance its efficiency, and serve as the primary channel for innovation in real estate technology in the Kingdom. This initiative reflects the General Real Estate Authority’s commitment and belief in the role of technology in … Read more

Requirements for obtaining the premium sorting service from the Real Estate Authority and the application mechanism

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Off-plan real estate projects

Reading time: < 1 MinuteThe General Real Estate Authority has clarified the requirements and conditions for accessing the premium sorting service it offers to its clients, enabling engineering firms and real estate developers to expedite the process of entering survey request data through an engine that automatically analyzes the property plan based on survey documents rather than entering them manually. According to the Authority, the requirements include the following: an electronic deed, a building permit, and a separate electricity meter… Read more

With 600 companies and 60 speakers Saudi Construction 2024 kicks off on November 4th

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Saudi Construction Exhibition

Reading time: < 1 MinuteThe Saudi Construction Expo 2024 will kick off on November 4 and run through November 7 at the Riyadh International Convention and Exhibition Center, under the patronage of the Ministry of Municipalities and Housing. More than 60 speakers and experts, along with 600 companies and representatives from 31 countries around the world, will participate in the 34th edition of the exhibition to showcase their latest technologies and innovations in the construction sector. The event will be held … Read more

World Proptech Summit concludes with recommendations

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Reading time: 3 MinutesThe final statement issued by the Global PropTech Summit emphasized the importance of investing in real estate technologies, promoting the digital economy, and the trend among real estate developers to rely on advanced real estate technologies in construction and the development of infrastructure for real estate projects in order to create athat meet the demands of the future. This came during the closing of the Global PropTech Summit, which was held in the capital, Riyadh … Read more

What do you know about the strategy to enable real estate technology companies from the Land Registry?

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Reading time: 2 MinutesDr. Mohammed Al-Suleiman, CEO of the Real Estate Registry, announced the launch of the Real Estate Registry’s “Strategy for Empowering the Real Estate Technology Sector,“ and the launch of its initiatives through the launch of the Developers Portal, which enables real estate technology companies to access the Real Estate Registry’s data using an API. During his keynote speech at the PropTech 24 Global Summit, Al-Suleiman revealed the Real Estate Registry’s release in collaboration … Read more

Al-Haqil Launches Initiative to Reduce Financing Profit Margins for “Sakani” Beneficiaries”

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Reading time: < 1 MinuteMajid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Board of Directors of the Real Estate Development Fund, today launched the “Lowest Financing Margin” financing solution, which offers a margin of 2.591% for beneficiaries of self-build projects and residential units under construction. The Real Estate Fund revealed in a statement that the “Lowest Profit Margin” financing initiative, which offers a competitive profit margin of 2.591% in the financing market, is designed to meet the requirements and aspirations of … Read more

Real Estate Authority Launches Real Estate Technology Accelerator Its goals, services, and target groups

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Reading time: 2 MinutesThe General Real Estate Authority has unveiled the objectives and services of the Business Accelerators Initiative, one of the initiatives of the Saudi Protech Center, which was launched on the first day of the Global Protech Summit organized by the Authority under the patronage of the Ministry of Municipalities and Housing and in strategic partnership with the National Housing Company. According to the Real Estate Authority, the Business Accelerators Initiative is an intensive program designed to promote the growth and expansion of … Read more

New initiative: Real Estate Authority allows real estate tech companies and innovators to test their products

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Reading time: 2 MinutesThe General Real Estate Authority has unveiled the objectives and services of the Experimental Regulatory Environment Initiative, one of the initiatives of the Saudi PropTech Center, which was launched on the first day of the Global PropTech Summit organized by the Authority under the patronage of the Ministry of Municipalities and Housing and in strategic partnershipwith the National Housing Company. According to the Authority, this initiative provides companies and innovators in the real estate sector with an opportunity … Read more

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