Month: March 2025

The Saudi real estate sector in 2024. Exceptional growth and record numbers in line with Vision 2030

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Riyadh city

Reading time: 2 MinutesDuring 2024, the Saudi real estate sector witnessed a state of active movement that reflects the dynamism of this sector and its pivotal role in supporting the national economy, as the Kingdom continues its accelerated steps to achieve the objectives of Vision 2030 by enhancing real estate investments and promoting urban development in various regions of the Kingdom, with a focus on sustainability and attracting quality projects that enhance the status of ... Read more

Cabinet approves transforming the National Committee for Saudi Building Code into a center

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Reading time: < 1 MinuteHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, presided over a session of the Council of Ministers on Tuesday evening in Riyadh. At the beginning of the session, HH The Crown Prince thanked the Almighty for the blessed month of Ramadan, and for what the Almighty has honored the Kingdom ... Read more

Tadawul-listed REITs distribute SAR 902 million to their unit holders in 2024

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Reading time: 2 MinutesDespite the economic fluctuations witnessed in 2024, Real Estate Investment Trusts (REITs) on the Saudi Stock Exchange (Tadawul) continued to enhance their attractiveness to investors through generous cash distributions, exceeding SAR 902 million, in a move that confirms the robustness of the Saudi real estate sector and its ability to achieve rewarding returns. With a variety of distribution strategies ranging from quarterly, semi-annual, annual and annual, some funds maintained their ... Read more

280 billion riyals of real estate deals in 2024 Riyadh and Mecca in the lead

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Real Estate Brokerage Compliance

Reading time: 2 MinutesThe Saudi real estate sector in 2024 recorded a historic leap in terms of transaction volume, as a recent report revealed that the total value of real estate transactions in the Kingdom exceeded 280 billion riyals, distributed over more than 254 thousand transactions, achieving a growth of 27% compared to 2023. This great momentum in the real estate movement reflects the depth of the transformations witnessed by ... Read more

Real Estate Authority monitors 20,342 real estate advertisements and receives 584 reports last month

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Off-plan real estate projects

Reading time: < 1 MinuteDuring the month of February, the General Real Estate Authority (GRA) and the Ministry of Human Resources and Social Development (MHRSD) carried out 10 joint monitoring tours that included visiting 149 real estate establishments in Riyadh, Eastern Province and Makkah Al Mukarramah. 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

In pictures ... Al-Qibli Mosque tells the story of 300 years of worship, history and Najdi heritage

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Reading time: 3 MinutesIn the heart of Manfouha, one of Riyadh's oldest neighborhoods, the Qibli Mosque stands tall as a witness to a history spanning more than three centuries. The mosque, whose walls tell a story of the authenticity of Najdi architecture and its delicate heritage details, is now part of Prince Mohammed bin Salman's project to develop historic mosques, to continue its spiritual and urban message after it was developed according to the highest standards ... Read more

Smart real estate... How do new technologies improve the housing experience?

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Smart homes

Reading time: 2 MinutesWith the arrival of the holy month of Ramadan, the rhythms of daily life inside homes change, as families spend more time at home between iftar and suhoor tables, prayers and family gatherings. With this change comes the role of modern technology in improving the housing experience through smart home systems and green real estate projects, which create a more comfortable and sustainable environment that meets the needs of families during the holy month, with ... Read more

Smart solutions to rationalize electricity and water consumption during Ramadan

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Reading time: 2 MinutesDuring the holy month of Ramadan, electricity and water consumption in homes increases as a result of the heavy use of electrical appliances, preparation of daily meals, and the increased need for water during cooking and cleaning. With rising utility bills, it has become necessary to look for practical solutions to rationalize consumption without affecting comfort or quality of life. So how can we minimize energy and water consumption during this month without compromising ... Read more

“Sakan and the Social Development Bank sign an agreement to provide 5000 housing units as part of the ”Good Areas 2“ campaign”

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Reading time: 2 MinutesUnder the patronage of His Excellency the Minister of Municipalities and Housing, Chairman of the Board of Trustees of Sakan, Mr. Majid bin Abdullah Al-Hogail, His Excellency the Minister of Human Resources and Social Development, Engineer Ahmed bin Sulaiman Al-Rajhi, and His Excellency the Deputy Minister of Interior, Dr. Nasser Al-Dawood, Sakan and the Social Development Bank signed a strategic agreement aimed at ... Read more

Saudi Arabia's Residential Real Estate Financing Declines Is the market starting to slow down?

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Saudi Central Bank

Reading time: 2 MinutesA recent report issued by the Saudi Central Bank (SAMA) revealed that the volume of new residential real estate financing provided to individuals by banks in the Kingdom decreased by 12.3% at the end of last January, reaching about 10.46 billion riyals compared to about 11.94 billion riyals in December 2024. This decline comes in light of remarkable changes in the performance of the real estate sectors ... Read more

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