Month: February 2025

Report: Riyadh and Jeddah lead the recovery of the commercial space sector in Saudi Arabia

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Reading time: 2 MinutesSaudi Arabia is witnessing an unprecedented transformation in the commercial and leisure space sector, led by the cities of Riyadh and Jeddah, which are reshaping the commercial landscape with mega projects that enhance shopping and entertainment experiences, in line with the objectives of Saudi Vision 2030. According to a report by Knight Frank, Riyadh and Jeddah are gearing up to receive ... Read more

“Zakat invites taxpayers to take advantage of the initiative to cancel fines and exempt from financial penalties

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Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority (ZTA) has called on all taxpayers subject to tax regulations to take advantage of the “Cancellation of Fines and Exemption from Financial Penalties” initiative, which expires on June 30, 2025. The initiative includes exempting taxpayers from fines for late registration in all tax systems, late payment, and late filing of returns in all tax systems, ... Read more

238 million riyals of transactions on the real estate exchange during the day

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Real estate stock exchange

Reading time: < 1 MinuteToday, Sunday, February 2, 2025, the real estate market witnessed an active movement in market transactions, as real estate activity continues to increase in various regions. Here are the most prominent real estate market indicators at the beginning of trading: Daily Real Estate Index: 10,283.97 Rate of change: 1.18% Key indicators over the past 24 hours: Number of transactions: 404 transactions Value of transactions: SAR 238,398,645 Traded Area: ... Read more

Riyadh Infrastructure Projects Center detects 4,000 violations during the past month

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Reading time: < 1 MinuteDuring the month of January 2025, the Infrastructure Projects Center in Riyadh carried out more than 19,000 control rounds on project works in the city of Riyadh and the governorates of the region, while the center received more than 16,000 reports of violations of the controls and requirements of infrastructure projects. The Infrastructure Projects Center in the Riyadh region monitored more than 4 ... Read more

Jeddah Municipality monitors dilapidated buildings in Al Faisaliah and Al Rabwa neighborhoods Jeddah Municipality

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Jeddah Municipality - Unauthorized Buildings

Reading time: < 1 MinuteThe Jeddah Municipality, in cooperation with the concerned authorities, started yesterday to implement procedures for notifying the owners of buildings that are in danger of falling in the Al-Faisaliah and Al-Rabwa neighborhoods, as part of its ongoing efforts to protect lives and property and enhance public safety in the urban environment. The Municipality explained that the inventory of dilapidated buildings in the two neighborhoods was initiated, where 263 buildings were monitored in the Faisaliah neighborhood and 88 ... Read more

Real Estate Authority monitors 11489 real estate advertisements and receives 572 reports last month

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Public Authority for Real Estate logo - Regulatory Tours

Reading time: < 1 MinuteDuring the month of January, the General Real Estate Authority (GRA) and the Ministry of Human Resources and Social Development carried out 18 joint monitoring tours, which included visiting 231 real estate establishments in the Riyadh region, the Eastern Province and the Makkah region. These tours aim to ensure compliance with real estate legislation in general and the real estate brokerage system in particular, in addition to what is related to the jurisdiction of government agencies ... Read more

“Enforcement supervises 36 auctions to sell 334 properties in 12 regions of the Kingdom

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Attribution and Liquidation Center Real Estate Auction

Reading time: < 1 MinuteThe Assignment and Liquidation Center (Enforcement) announced the holding of 36 public auctions, both in-person and online, to liquidate and sell 334 residential and commercial properties, in addition to a group of vehicles, in 12 regions of the Kingdom during the period from February 2 to 17, 2025. It is noteworthy that the Enforcement Center is an independent governmental center, which is one of the initiatives of the National Transformation Program within the Kingdom's vision. Read more

It consists of 18 articles. New regulations for government agencies to rent real estate outside Saudi Arabia

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Real estate transfer

Reading time: 7 MinutesIn a move aimed at strengthening governance and rationalizing spending, the Saudi Official Gazette has published regulations governing the rental of real estate by government agencies outside the Kingdom. The regulations, which were published in the official gazette Umm Al-Qura, include strict criteria to ensure optimal use of leased properties, with specific exceptions to meet necessary needs according to specific financial controls. The regulations consist of 18 articles, which set ... Read more

“Trade” sets the date for the start of the Ramadan and Eid sales season in commercial establishments and online stores

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Ministry of Commerce - Saudi Companies

Reading time: < 1 MinuteThe Ministry of Commerce has announced the start of seasonal discounts for the holy month of Ramadan and Eid al-Fitr starting from Sha'ban 10, 1446 AH, to stimulate early shopping and avoid the crowdedness of the last moments of purchase. According to the Ministry of Commerce, commercial establishments and online stores can now apply for discount licenses electronically through sales.mc.gov.sa. The Ramadan and Eid sales season for consumers starts from Sha'ban 10, 1446 A.H. Read more

Strong growth in commercial real estate demand due to improved financing and foreign investor appetite

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Saudi Arabia Foreign Investment

Reading time: < 1 MinuteSaudi Arabia's commercial real estate market continues to achieve remarkable growth rates, supported by rising demand, improving financing conditions, and increased interest from foreign investors. According to the Royal Institution of Chartered Surveyors (RICS) Global Construction Monitor for Q4 2024, the sector enters 2025 with positive momentum, reflecting the Kingdom's position as one of the strongest commercial real estate markets... Read more

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