Month: December 2024

AED 22.7 billion in real estate transactions in Dubai in one week

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Dubai - Real Estate Deals and Sales 

Reading time: < 1 MinuteThe Dubai Real Estate Transactions Department revealed that the Dubai real estate market set a new record this week, with real estate transactions exceeding 22.7 billion dirhams, through 4,955 transactions, marking the highest weekly value recorded in the market’s history. This increase was driven by several factors, most notably the rise in mortgage values, which saw a significant uptick as the pace of reductions accelerated … Read more

1.5 trillion riyals in real estate transactions in 2024

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Real estate stock exchange

Reading time: < 1 MinuteDigital technology has become the cornerstone of modernization across various sectors in the Kingdom of Saudi Arabia, particularly the real estate sector. With the launch of the “Real Estate Exchange Platform,“ a qualitative digital transformation is taking place that is redefining the way the sector operates, thereby contributing to increased efficiency and unprecedented achievements in judicial and real estate services. According to the Digital Transformation Index 2024 report issued by the Authority… Read more

Yesterday, Thursday. The real estate bourse records trades worth SAR 1.3 billion in 1,505 transactions

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Reading time: < 1 MinuteYesterday, Thursday, December 19, 2024, the real estate market saw a significant decline in its indices, with the real estate market index reaching 10,249.71 points, marking a drop of 1.851%. Despite this decline, some neighborhoods in Riyadh maintained their lead in trading volume. Here are the details of today’s real estate transactions, including the most notable deals and prices. Today’s Real Estate Exchange Details: Real Estate Exchange Index: 10,249.71 … Read more

Details... Riyadh Secretary launches alliance to develop real estate projects in the capital

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Residential program

Reading time: 2 MinutesUnder the patronage of His Highness Prince Dr. Faisal bin Abdulaziz bin Ayyaf, Governor of the Riyadh Region and Chairman of the Board of Directors of Riyadh Development Company, the company signed a strategic partnership agreement with the Turkish FTG Development Group to establish a company to manage real estate development projects in the capital. Each party holds a 50% stake in this new entity, and the partnership was formalized with the appointment of … Read more

Video... Algeria's 8th Arab Housing Conference discusses urbanization and sustainable building challenges

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Reading time: < 1 MinuteThe 8th Arab Housing Conference kicked off yesterday in the Algerian capital. The event is being organized by the Algerian Ministry of Housing, Urban Planning, and Cities in cooperation with the Council of Arab Ministers of Housing and Urban Development of the Arab League, and will run from December 17 to 19, on the sidelines of the 41st session of the Council of Arab Ministers of Housing and Urban Development. The three-day conference, titled “Urban Planning and Construction … Read more

“Zakat” invites organizations to submit VAT returns for the month of November

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Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority has called on businesses subject to value-added tax (VAT) whose annual supply of goods and services exceeds 40 million riyals to file their tax returns for last November, by no later than December 31 of this year. The Authority urged businesses to promptly file their tax returns via the website (zatca.gov.sa) or … Read more

Saudi Arabia participates in the 41st session of the Council of Arab Ministers of Housing and Construction in Algeria

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Reading time: < 1 MinuteThe Kingdom is participating in the 41st session of the Council of Arab Ministers of Housing and Urban Development, which is being held in Algeria under the patronage of President Abdelmadjid Tebboune from December 17 to 19, This coincides with the 8th Arab Housing Conference, titled “Sustainable Urban Development: Challenges and Promising Hopes.” The Kingdom’s delegation is headed by the Deputy Minister of Municipalities and Housing to promote … Read more

In detail... “Municipalities and Housing” issues a comprehensive guide to organizing infrastructure projects

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Infrastructure Projects

Reading time: < 1 MinuteThe Ministry of Municipalities and Housing has issued a comprehensive regulatory guide for civil infrastructure works, which aims to address challenges affecting the urban landscape and enhance the efficiency of infrastructure projects. The guide is part of the Ministry’s efforts to improve the quality of infrastructure services in the Kingdom’s cities and reduce visual pollution. The guide focuses on the procedural and technical aspects related to the services provided by the Ministry … Read more

Riyadh emirate removes more than 16,000 encroachments on government lands

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Reading time: < 1 MinuteThe Riyadh Region Governorate has coordinated with the relevant government agencies to remove numerous encroachments in the region. In the recent period, the total number of encroachments reached 16,729, covering an estimated area of 1,089,859,110 square meters. The directives of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Region, and His Royal Highness Prince Mohammed bin Abdulrahman bin Abdulaziz, Deputy Governor, issued … Read more

Amir of Northern Borders hands over housing units to beneficiaries of Rafha'a developmental housing

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Reading time: < 1 MinuteHis Royal Highness Prince Faisal bin Khalid bin Sultan bin Abdulaziz, Governor of the Northern Border Region, last Monday, at his office in Rafha Governorate, a number of housing units to beneficiaries of the Developmental Housing Program affiliated with the Ruum Association for Orphan Care and the Warf Charitable Association at the governorate headquarters. During the handover, His Highness emphasized the importance of effective partnership between the Ministry of Municipalities and Housing and charitable associations, noting … Read more

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