Reading time: < 1 MinuteSteel prices in Saudi Arabia during December 2024 witnessed varying increases on a monthly basis compared to November, with a decrease in only one category. Timber prices also witnessed notable increases, while the prices of electrical wires and cables declined. Rebar prices (6mm): Decreased by 0.4% to 3981.09 riyals/ton. Rebar (8mm): Increased by 0.7% Read more
Reading time: < 1 MinuteThe fourth edition of the Future of Real Estate Forum, sponsored by the General Authority for Real Estate and in partnership with the Ministry of Municipalities and Housing, will be held in Riyadh from January 27 to 29, under the slogan “A Future for Humanity: From Dreams to Reality”, with the participation of more than 120 countries and 500 speakers representing the government and private sectors, in addition to the presence of a number of prominent figures at the local and international levels. ... Read more
Reading time: < 1 MinuteThe Medina Municipality, in cooperation with the Ministry of Municipalities and Housing and the National Center for Privatization, announced today the launch of the pre-qualification phase for two real estate projects: the joint investment of the railway land and the joint investment project for the land of Dhul Halifa. The projects will be implemented according to the public-private partnership model through construction, ownership, operation and maintenance contracts ... Read more
Reading time: 2 MinutesIn a move aimed at shedding light on the reality of the real estate market in the Kingdom, the General Authority for Statistics (GASTAT) revealed new findings related to the movements of real estate prices in administrative regions during 2024. The Statistics Authority announced the movements of real estate prices in the Kingdom's administrative regions, where real estate prices recorded an annual increase of 3.6%, which is mainly due to the rise ... Read more
Reading time: < 1 MinuteThe Municipality of the Holy Capital has provided the service of recognizing the cost of issuing the cadastral decision for the beneficiaries' property without the need to review the entity through the municipal fees calculator via Baladi application. The Municipal Fees Calculator service enables the customer to calculate the cost of municipal services, and facilitates the knowledge of fees for services such as commercial, construction, health certificates, excavation licenses, and communication tower licenses, ... Read more
Reading time: 2 MinutesAs part of the ongoing efforts to regulate the real estate sector and enhance its practices, the General Real Estate Authority (GRA) has announced a set of provisions related to the down payment in real estate sales and rentals through real estate brokerage. These provisions aim to regulate the relationship between the parties involved in real estate transactions and ensure the rights of all, while specifying the conditions and controls for the amount of the deposit and its distribution. 1. Determining the amount of the deposit according to ... Read more
Reading time: < 1 MinuteThe Municipality of the Holy Capital announced the continuation of receiving applications for pilgrims' housing permits for the year 1446 AH, calling on citizens wishing to rent their homes to hurry to apply to the Pilgrims' Housing Committee to finalize the issuance of permits for their homes, in accordance with the specified requirements. The Municipality explained that the committee began receiving applications starting from 1/1/1446 AH, noting that it will continue to receive applications for housing permits ... Read more
Reading time: 2 MinutesThe Ministry of Commerce invited interested parties and the public to express their views and suggestions on the draft executive regulations of the Commercial Registration System, based on the principle of participation and transparency. The draft regulation is based on the Commercial Registry Law issued by the Royal Decree dated 19/3/1446 H. The project aims to organize the procedures for registration in the commercial register, facilitate the practice of business, and achieve transparency ... Read more
Reading time: 2 MinutesIn a new step that reflects the continuous development of the real estate sector in the Kingdom, the General Authority for Real Estate has launched a set of innovative digital services that aim to enhance trust between the various parties and facilitate financial operations with ease and security, as part of its periodic updates for real estate brokerage. These services represent a quantum leap in facilitating the management of real estate operations, whether through the payment of a deposit, or ... Read more
Reading time: < 1 MinuteNHC announced a record sales performance for 2024, with total sales reaching more than SAR 26.7 billion, achieving a growth rate of 253% compared to 2023, reflecting customer confidence and the success of its strategy to provide urban destinations that meet the needs of the growing real estate market. In 2024, NHC and its partners closed more than 25.8 thousand ... Read more
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Muhammad al-Bishri