Month: February 2025

Retail real estate financing jumps to SAR 93.6 billion in 2024 And villas are leading

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Reading time: < 1 MinuteSaudi Arabia's residential real estate finance sector recorded remarkable growth in 2024, driven by low interest rates and increased demand for home ownership. Data released by the Saudi Central Bank (SAMA) showed that the volume of new residential real estate financing provided to individuals by banks rose to SAR 91.1 billion, an increase of 17% compared to 2023. December is the highest financing since 2022 on ... Read more

Jazan Emir to sponsor the opening of “Construction and Real Estate Development Exhibition 23” next April

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Emir of Jazan

Reading time: < 1 MinuteHis Royal Highness Prince Mohammed bin Nasser bin Abdulaziz, Emir of Jazan, will patronize the opening ceremony of the Construction and Real Estate Development Exhibition, organized by the Ministry of Municipalities and Housing, in partnership with Jazan Chamber and Distinguished Services for Exhibition and Conference Organization, from April 23 to 25, at the Grand Millennium Jazan Hotel. The exhibition is a specialized platform that brings together leading real estate ... Read more

Under the slogan «Towards New Horizons» Riyadh hosts the fourth edition of LEAP 2025

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LEAP 2025

Reading time: < 1 MinuteRiyadh will host the fourth edition of the LEAP Technical Conference, organized by the Ministry of Communications and Information Technology (MCIT) and the Saudi Federation for Cybersecurity, Programming and Drones, under the slogan «Towards New Horizons», from February 9-12, 2025, at the Riyadh Exhibition and Convention Center in Malham, north of Riyadh. The conference will include competitions in which startups will compete to win prizes of up to one million dollars, as ... Read more

Jeddah Municipality spokesperson: No compensation for owners of dilapidated buildings

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Reading time: 2 MinutesJeddah Municipality's official spokesperson, Mohammed Al-Buqami, confirmed that there is no compensation for the owners of dilapidated buildings in Al-Faisaliah and Al-Rabwa neighborhoods, stressing the need for owners to cooperate with the Municipality to remove these buildings in order to preserve public safety. During an interview on Al-Ikhbariya TV, Al-Baqmi explained that the owners are required to remove the collapsing buildings within the deadline, noting that the municipality ... Read more

Real estate registry for 316 neighborhoods in Qassim ends tomorrow, Thursday

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Cadastre

Reading time: < 1 MinuteThe General Authority for Real Estate announced that the deadline for the first in-kind registration of 316 neighborhoods in the Qassim region, including (130) neighborhoods in Buraydah, (55) neighborhoods in Unayzah, (23) neighborhoods in Al-Bukairiyah, (28) neighborhoods in Al-Bada'i, (48) neighborhoods in Al-Ras, (16) neighborhoods in Al-Khabeerah, Al-Sahabin, and (16) neighborhoods in Riyad Al-Khabeerah, will end next Thursday. She explained that registration ... Read more

Tomorrow, Thursday Real estate registry expires for 40 neighborhoods in the Eastern Province

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Reading time: < 1 MinuteThe General Authority for Real Estate announced that the deadline for the first in-kind registration of real estate for (40) neighborhoods in the Eastern Province, including (26) neighborhoods in the city of Dammam and (14) neighborhoods in Al-Khobar Governorate, will expire by the end of next Thursday. The Authority indicated that the real estate registration will end in the following neighborhoods in Dammam city: (the rest of the Al Shalaa neighborhood, the first industrial area, Al Waha, Taiba, Nozha, Al Firdaus, Al Rawda, ... Read more

Medina Chamber discusses the reality and challenges of the real estate sector in a special meeting

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Residential program

Reading time: < 1 MinuteThe Medina Chamber organized a special meeting on the real estate sector in the Medina region, as part of the initiatives of the sectoral committees to serve the business sectors, in the presence of a number of investors, real estate developers and those interested in the sector. The meeting highlighted the role of the Real Estate Development Committee and its objectives in supporting and developing the sector, and the participants discussed ways to enhance the role of the committee in stimulating real estate investment, in addition to ... Read more

“Social Insurance” sets the deadline for benefiting from the initiative to waive fines and violations

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Reading time: < 1 MinuteSocial Insurance has called on business owners and targeted establishments to take advantage of the 100% initiative, as there are only a few days left before the deadline to benefit from it expires. The initiative aims to ease the financial burdens on enterprises and enhance their insurance commitment, by exempting them by 100% from late penalties and violations, provided they pay the due contributions ... Read more

Mansions and penthouses Dubai continues to dominate the luxury real estate market to attract the wealthy

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Dubai - Real Estate Deals and Sales 

Reading time: 2 MinutesWhile many global real estate markets are slowing down, Dubai remains steadfast in offering the ultimate luxury living experience. Known for its innovative models of luxury, the city continues to attract the world's wealthiest with an array of palaces and luxury homes priced in the tens of millions of dollars. By adding unprecedented features, such as movie theaters... Read more

The real estate market in 24 hours. Here are the most important indicators and transactions

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Reading time: < 1 MinuteThe real estate market witnessed an active movement at the beginning of today's trading, with the bourse's indices recording notable changes that reflect the sector's dynamism. In the following report, we review the most important data and updates on the number of transactions, value, and prices recorded during the past 24 hours. Today's most notable real estate market indicators: 🔹 The general index of the real estate bourse recorded: 10,284.7 points 🔹 Rate of change: 0.73% Read more

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