Month: October 2024

Al Hammad at the Global Proptech Summit: Technology will lead the real estate sector to growth and sustainability

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Reading time: 2 MinutesEngineer Abdullah Al-Hammad, Chairman of the General Real Estate Authority, said during his participation in the Global PropTech Summit, which kicked off this morning in the capital Riyadh, that investing in and utilizing real estate technologies is an absolute necessity to keep pace with global developments and ensure the delivery of the best services, and that the future belongs to those who invest in technology and harness it to serve humanity.“ Al-Hammad added, “We believe that technology is one of the most important tools … Read more

World Proptech Summit. Saudi Proptech Center Sph will be a pivotal channel to support innovation

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Real Estate Registration Authority Logo

Reading time: 2 MinutesThe CEO of the General Real Estate Authority, Engineer Abdullah bin Saud Al-Hammad, announced the launch of the Saudi PropTech Center (Sph) as a hub serving all those interested in real estate technology both within and outside the Kingdom, It will provide 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. The CEO of … explained Read more

2.6 % rise in real estate price index index for the third quarter of 2024

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Residential program

Reading time: 2 MinutesThe General Authority for Statistics released the real estate price index for the third quarter of 2024, which stood at 2.6% compared to the same quarter of the previous year, in accordance with the updated methodology for calculating the real estate price index in the Kingdom. The Authority explained that the updated methodology for calculating the real estate price index will help provide more comprehensive, high-quality data and will support efforts … Read more

Infographic: Steps to improve real estate data classification

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Residential program

Reading time: 2 MinutesDuring one of the sessions on the first day of the Global PropTech Summit, the General Real Estate Authority revealed the steps it is taking to improve the classification of real estate data, as follows: Reclassifying sectors based on street width. Linking raw data using location variables. Integrating with satellite imagery. Using a geospatially-based artificial intelligence model to classify land. Linking the results to census data. Also … Read more

Proptech. A radical shift is reshaping real estate investment in Saudi Arabia

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Reading time: 2 MinutesThe real estate sector in the Kingdom is undergoing a radical transformation thanks to the adoption of real estate technologies “PropTech,” which is reshaping the future of real estate in Saudi Arabia through advanced technological solutions that help improve the efficiency of real estate operations and deliver exceptional experiences for investors and clients alike. The Kingdom has made remarkable progress in digital transformation over the past five years, opening up new opportunities … Read more

Today. Global Proptech Summit kicks off with a bang

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Reading time: 2 MinutesToday, Sunday, the Saudi capital, Riyadh, is hosting the “Global PropTech Summit,” organized by the General Real Estate Authority under the patronage of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, and in strategic partnership with the National Housing Company (NHC). The summit is drawing a large turnout of prominent figures, global experts, and specialists in the fields of real estate and real estate technologies, in addition to more than 100 speakers representing 80 … Read more

With 100 speakers Global Proptech Summit to review the role of digital transformation in the real estate sector

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Off-plan real estate projects

Reading time: 2 MinutesTomorrow, Sunday, marks the start of “The Global Proptech Summit,” organized by the General Real Estate Authority in the capital, Riyadh, under the patronage of His Excellency the Minister of Municipalities and Housing and Chairman of the Board of Directors of the General Real Estate Authority, Mr. Majid bin Abdullah Al-Hogail, in strategic partnership with the National Housing Company (NHC), and with the participation of prominent figures, experts, and specialists in the real estate industry, real estate technology, and more… Read more

39 neighborhoods in Riyadh and Medina will benefit from the Real Estate Registry starting November 24

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International Monetary Fund Riyadh office market

Reading time: < 1 MinuteThe General Real Estate Authority announced the start of the physical registration process for (90,804) real estate parcels in (37) neighborhoods in the city of Riyadh, and 3,038 parcels in parts of the Al-Qubaybah and Abu Sudr neighborhoods in Madinah, beginning on November 24, 2024, and continuing through the end of February 27, 2025. The Authority clarified that the neighborhoods benefiting from the real estate registry at this stage include … Read more

Community Development Housing Foundation wins Makkah Award for Excellence in the Humanitarian Track Branch

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Housing organization - housing unit

Reading time: < 1 MinuteThe Private Developmental Housing Foundation “Sakan” won the Makkah Award for Excellence in the Humanitarian Category at its 16th edition, in recognition of its outstanding work in the “Goodness Across Regions,” which helped provide more than 4,900 housing units to the most needy families in various regions of the Kingdom. The award was presented during a ceremony held yesterday in Jeddah. The Secretary-General of “Sakan,” Abdulaziz bin … Read more

“Developmental Housing”: More than 12 thousand housing units for the neediest families since the beginning of 2024

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Reading time: < 1 MinuteThe Developmental Housing Agency, affiliated with the Ministry of Municipalities and Housing, announced that it had transferred ownership of more than 12,000 housing units to the most needy families from the beginning of this year, 2024, through the end of the third quarter of this year. The agency explained that it provided support to tenants facing rent arrears who encountered exceptional circumstances preventing them from meeting their rent obligations and against whom an enforceable judgment had been issued, with the total support amounting to … Read more

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