Month: December 2024

Saudi cement companies achieve significant growth in sales last month

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Reading time: 2 MinutesSaudi cement companies continued to achieve remarkable growth in sales during November 2024, amid rising domestic demand and increasing export volumes. This positive performance reflects the sector's recovery and booming construction projects, reinforcing the Kingdom's position as a major contributor to the cement industry regionally and internationally. Sales of cement companies in Saudi Arabia increased by 7.55% during November ... Read more

Emir of Qassim receives chairman and members of the main committee for state properties and removal of encroachments

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Residential program

Reading time: < 1 MinuteHis Royal Highness Prince Dr. Faisal bin Meshal bin Saud bin Abdulaziz, Governor of Qassim Region, received at his office today the Chairman of the Main Committee for State Properties and Removal of Encroachments in the region, Saleh Al-Zaid, and members of the committee. During the reception, His Royal Highness received the annual report of the committee's work, which included the most prominent efforts made in preserving state lands and removing encroachments that were carried out during ... Read more

Prince Faisal bin Bandar reviews the efforts of the National Committee for Real Estate Development in Riyadh Region

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Residential program

Reading time: < 1 MinuteHis Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh, was briefed on the efforts of the National Committee for Real Estate Development at the Federation of Saudi Chambers and its activities in the region. His Royal Highness was briefed on the efforts of the National Committee for Real Estate Development at the Federation of Saudi Chambers and its activities in the region. Read more

Riyadh's office market Unprecedented recovery supported by growing demand

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International Monetary Fund Riyadh office market

Reading time: 2 MinutesThe Saudi capital Riyadh is witnessing an unprecedented shift in the office market, driven by Saudi Vision 2030 and the economic strategies that have made it a regional business center. The office market in Riyadh is witnessing a growing demand for office space, with rental rates rising significantly, as Riyadh becomes one of the most prominent business capitals in the Middle East. A favorite destination for local businesses ... Read more

SAR 1.2 billion increase in real estate financing granted by banks to individuals last October

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Saudi Central Bank

Reading time: 2 MinutesRecent data released by the Saudi Central Bank (SAMA) showed a significant increase in the volume of new residential mortgage financing for individuals provided by banks in the Kingdom, which reached 8.14 billion riyals by the end of last October, compared to 6.82 billion riyals in the previous September, an increase of nearly 1.2 billion riyals, reflecting a growth of nearly 19.3%. Details of sectors ... Read more

Minister of Municipalities and Housing meets with entrepreneurs and investors in Eastern Province

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Residential program

Reading time: < 1 MinuteHis Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Haqeel, met with a number of entrepreneurs and investors in the region during his visit to the Eastern Province yesterday evening at an investment project in Qatif Governorate, in the presence of His Excellency the Governor of the Eastern Province, Engineer Fahad bin Mohammed Al-Jubeir. During the meeting, His Excellency listened to ideas and proposals related to developing investment projects, supporting ... Read more

What do you know about green concrete?

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Green concrete

Reading time: 4 MinutesIn concrete plants around the world, mixing trucks receive a polluted mix of sand, gravel, water and cement, but a facility outside of Washington, D.C., is adding a new ingredient to clean up the process: carbon dioxide. This hybrid mix - known as “green” concrete - is reducing the carbon footprint of one of the world's most polluting industrial sectors, and shows ... Read more

Off-plan leasing license required to practice the activity

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Off-plan sales

Reading time: < 1 MinuteThe Off-Map Sales and Leasing Committee (Wafi) has confirmed that the activity of renting unfinished real estate units or those that have not yet been established, regardless of their purpose or method of development, is one of the activities that require the issuance of a license before practicing this activity, which is one of the most important real estate activities targeted recently in an increasing manner. The conditions for obtaining the license, explained Secretary General Nayef ... Read more

Infographic: Who is required to issue a building compliance certificate?

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Reading time: < 1 MinuteMany property owners want to know if they are obligated to issue a Building Compliance Certificate (BCC) for the property they own, so we review in the following lines, steps to help these people check the status of the building via the compliance certificate map in Baladi app, and see the scope of buildings that are obligated to issue a BCC. 1- Download the Baladi app. 2- ... Read more

Record high. Individuals account for the largest share of real estate loans

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Reading time: 3 MinutesMortgage loans in Saudi Arabia continue to record unprecedented growth rates, rising significantly in the third quarter of 2024, reaching a historic high. This growth reflects the great strength of the Saudi real estate sector and confirms the growing demand from individuals and companies for real estate financing, at a time when the real estate market is witnessing further stabilization and development. ... Read more

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