Month: January 2025

SAR 81.45 billion in housing finance provided to individuals in 11 months

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Reading time: 2 MinutesThe housing finance sector in Saudi Arabia witnessed a remarkable growth during the period from January to November 2024, as the value of financing provided to individuals increased by 9.65% compared to the same period last year, reaching a total of 81.45 billion riyals. This rise is supported by an increase in the number of financed contracts and the number of facilities provided for the purchase of various housing units. Significant increase in the value of ... Read more

New rules for government entities to own real estate outside the Kingdom What are they?

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Real estate transfer

Reading time: 2 MinutesThe General Authority for State Properties has announced a set of controls governing the ownership of real estate outside the Kingdom, with the aim of enhancing transparency and ensuring the optimal use of these properties in line with the actual needs and relevant legislation. The Authority emphasized the need for government entities to obtain its approval before owning any property outside the Kingdom, with the obligation not to ... Read more

Real estate expert Matar Al-Shammari offers real estate tips for buying real estate

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Real estate investment

Reading time: < 1 MinuteMatar Al-Shammari, a real estate and investment consultant, stressed that the decision to buy a property depends mainly on the individual's financial readiness and not on a specific timing. This came in a video he posted on his account on the social media platform “X” (formerly Twitter), where he stressed the importance of Istikhara before making a purchase decision, with the need to balance between financial stability, household needs and installments ... Read more

Draft regulations on state ownership of real estate outside Saudi Arabia to be released for consultation

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Public Authority for State Properties

Reading time: 2 MinutesAs part of enhancing transparency and regulating the acquisition of real estate outside the Kingdom, the General Authority for State Properties (GASP) has announced the launch of the draft controls for the acquisition of foreign real estate by government entities on a consultation platform. The project aims to ensure the effective and institutionalized management of these properties, with the opportunity to receive opinions and suggestions from the public and institutions until January 13, 2025. Details of the project The project aims to ... Read more

Launching the comprehensive survey of land and building uses in Riyadh

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Reading time: < 1 MinuteThe Royal Commission for Riyadh City has launched comprehensive field surveys of land and building uses, covering all areas within the “Development Protection Boundary”, which covers an area of 5960 km2, as part of the population growth and steady urban and economic development in all fields, which the Commission is keen to monitor and update continuously, within the urban databases of ... Read more

Public Authority for Real Estate conducts 14 joint supervisory tours during the month of December

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Real Estate Registration Authority Logo

Reading time: < 1 MinuteThe General Real Estate Authority (GRA) and the Ministry of Human Resources and Social Development (MHRSD) carried out 14 joint monitoring tours during the month of December, which included visiting 228 real estate establishments in Riyadh, the Eastern Province, and the Makkah region, with the aim of ensuring compliance with real estate legislation in general and the real estate brokerage system in particular, in addition to what relates to the jurisdiction of the authorities ... Read more

28 billion riyals for 7504 transactions on the real estate exchange in a week

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Reading time: < 1 MinuteDuring the week ending January 2, 2025, the real estate bourse in Saudi Arabia witnessed remarkable activity, as 7504 transactions were recorded with a total value of more than 28 billion riyals, and a traded area of 102 million square meters. According to official data issued by the real estate exchange, the highest price per square meter during the week was 183.3 thousand riyals, while ... Read more

Messi launches €223 million real estate investment fund in Spain

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Reading time: < 1 MinuteArgentine soccer star Lionel Messi has launched a real estate investment fund in the Spanish market, with a share price of 57.4 euros, bringing the fund's market value to 223 million euros ($232.12 million). Messi, the current Inter Miami player and former Barcelona striker, is the chairman of Edificio Rostauer Sotheby's, according to documents published by Portfolio Stock. Read more

Real Estate Exchange Harvest in 2024 Millions of users and billion-dollar deals

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Real estate stock exchange

Reading time: 2 MinutesAs the real estate sector in Saudi Arabia continues to expand and grow, the Saudi Real Estate Exchange (SREX) has become a leading model for stimulating real estate activity and promoting transparency and innovation in the market. Since its official launch in 2023, the digital platform has proven its ability to improve the customer experience in the real estate sector, setting records in the number of transactions and trading values, reflecting its role ... Read more

SAR 10 billion in new residential real estate financing for individuals in November

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Saudi Central Bank

Reading time: < 1 MinuteData released by the Saudi Central Bank (SAMA) revealed a significant growth in the volume of new residential real estate financing provided to individuals by banks during November 2024, reflecting remarkable activity in the real estate sector in the Kingdom. The growth of real estate financing from banks: The volume of new residential real estate financing for individuals reached SAR 10.1 billion in November 2024, recording a rise of 51%... Read more

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