Month: November 2024

Infrastructure projects in Saudi Arabia. Billion-dollar investments support sustainable development

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Reading time: 3 MinutesThe Kingdom’s infrastructure sector is witnessing remarkable development and growth, supported by Vision 2030, which seeks to promote economic diversification and expand the launch of mega real estate projects such as “Al-Qiddiya,” “Nium,” “Red Sea,” and others—to such an extent that the government launched the National Infrastructure Fund in October 2021 to invest in this vital sector, which is the backbone of economic growth. The value of infrastructure projects … Read more

6 essential tips before finishing the exterior of a building

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Reading time: < 1 MinuteMany people are looking for the best ways to finish their home exteriors to add aesthetic touches to their homes, so in the following paragraphs, we’ll share a set of tips compiled by a group of experts to save you time and effort, helping you achieve a home exterior that reflects its inner beauty—especially when crafted from antique stones that blend classic beauty… Read more

Real Estate Registry begins registering 90,804 real estate plots in Riyadh and Medina

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Cadastre

Reading time: 2 MinutesThe Land Registry began today accepting applications for initial registration of 90,804 parcels of land in 37 neighborhoods in Riyadh and 3,038 parcels of land in parts of the Al-Qubaybah and Abu Sudr neighborhoods in Medina. Registration in Riyadh includes the following neighborhoods: (part of Al-Khair, Al-Suwaidi, Sultana, Al-Duraimiyah, Al-Ma’athar, Al-Sharafiyah, Umm Al-Hamam Al-Sharqi, Umm Al-Hamam Al-Gharbi, Al-Badi’ah, Al-Arijah, … Read more

More than one billion riyals deposited in the accounts of “Residential” beneficiaries for the month of November

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Reading time: < 1 MinuteToday, the Real Estate Development Fund deposited 1.19 billion riyals into the accounts of beneficiaries of the Ministry of Municipalities and Housing and the Real Estate Fund’s housing program for the month of November 2024. Mansour bin Madi, CEO of the Real Estate Development Fund, explained that the total subsidy for the current month of November was allocated to support payments under various housing support programs, with the aim of improving beneficiaries’ ability to own homes, in order to achieve … Read more

Riyadh Municipality launches investment opportunities for off-street parking lots in its first phase

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Reading time: 2 MinutesThe Riyadh Region Secretariat has launched investment opportunities for off-street public parking in the city of Riyadh (Phase 1), which includes more than 15,000 parking spaces distributed across more than 40 locations, including surface-level, automated, and multi-story concrete parking facilities, with a total area of more than 308,000 square meters. This initiative is part of the Secretariat’s ongoing efforts to bring about a qualitative leap in the mobility sector … Read more

Land Registry begins registering 227,778 real estate parcels in Dammam, Khobar and Qatif governorates

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Dammam Corniche

Reading time: 2 MinutesThe Land Registry announced yesterday, Sunday, that it has begun accepting applications for initial registration of 227,778 parcels of land in 79 neighborhoods in the city of Dammam, 32 neighborhoods in Al-Khobar Governorate, and 8 neighborhoods in Al-Qatif Governorate. Registration in Dammam includes the following neighborhoods: (Badr, Ahad, Al-Jalawiya, Al-Khudariya, Al-Anoud, Al-Atheer, Al-Nour, Al-Dhabab, Al-Fayha, Al-Sina’iya, Granada, Al-Muhammadiya, King Fahd Suburb, Al-Qadisiya, Al-Rabia, Al-Amana, … Read more

What are the services of the real estate exchange platform?

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Real estate stock exchange

Reading time: < 1 MinuteThe Real Estate Exchange’s services, offered through its online platform, have attracted many users, with the platform averaging 60,000 visits per day, according to a recent announcement by the Ministry of Justice. Real Estate Exchange Services: The Real Estate Exchange offers a wide range of services, including trading, mortgage, and real estate financing, in addition to services for issuing deeds for property division and consolidation requests… Read more

Carbon-free concrete: A sustainable revolution in the construction industry

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Reading time: 3 MinutesAt a time when the world is engaged in a frantic race to address the consequences of climate change and reduce carbon emissions, carbon-free concrete is emerging as one of the leading innovations in the construction sector. This material, which is an essential component of infrastructure projects around the world, seeks to redefine the way we build in the future by combining high performance with environmental responsibility. So, does … Read more

The Riyadh Metro. Is it changing the map of commercial real estate?

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Riyadh train

Reading time: 2 MinutesWith the launch of the Riyadh Metro—one of the Kingdom’s largest public transportation projects—attention is turning to its impact on the real estate market, particularly the commercial sector. The debate centers on whether the train will reshape demand for commercial real estate in locations far from its stations, and whether these changes will create new opportunities for young people aspiring to enter … Read more

$69.51 billion: International estimates for the Saudi real estate market in 2024

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Riyadh - Saudi Real Estate Market

Reading time: 2 MinutesIn a study, the website “Mordor Intelligence” revealed that the size of the Saudi real estate market is estimated at $69.51 billion in 2024, and is expected to reach $101.62 billion by 2029, with a compound annual growth rate of 8% during the forecast period (2024–2029). The real estate market in the Kingdom of Saudi Arabia is expected to grow in size from … Read more

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