Month: March 2025

Video... Container homes revolutionize construction with cost-effective and luxurious designs

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Reading time: < 1 MinuteEngineer Ahmed Al-Faqih, a real estate expert, revealed a modern technology that opens up new horizons in the housing sector, as homes can be built using shipping containers in just two months, providing a practical and quick solution for low-cost housing, through a partnership with a Chinese real estate company. Affordable homes start at $2,500. According to Al-Faqih, a complete home can be built using shipping containers at prices … Read more

Identifying the target organizations in Group 22 for the connectivity and integration phase of e-invoicing

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Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax, and Customs Authority has established the criteria for selecting businesses targeted in the 22nd group for the implementation of the “linkage and integration” phase of electronic invoicing. The Authority clarified that the 22nd group includes all businesses whose VAT-subject revenue exceeds one million riyals during the years 2022, 2023, or 2024. It stated that it will notify all businesses targeted in Group 22, … Read more

Saudi Arabia's central bank allows refinancing company to buy mortgage portfolios

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Saudi Central Bank

Reading time: < 1 MinuteIn a move aimed at boosting mortgage refinancing activity in the Kingdom, the Saudi Central Bank “SAMA” has issued a new decision granting the Saudi Real Estate Refinancing Company the authority to purchase residential mortgage portfolios from lenders, at least one month after the date the financing was granted or the beneficiary’s receipt of the first installment, whichever comes later. The decision also grants the right … Read more

778 million riyals... Total value of real estate exchange transactions on Saturday

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Real estate stock exchange

Reading time: < 1 MinuteOn Saturday, March 22, 2025, the Real Estate Exchange recorded notable trading activity, with the total value of real estate transactions reaching 778.2 million riyals, spread across 242 transactions—a clear indication of continued momentum in the local real estate market. According to official data, the real estate market index stood at 10,450.6 points, recording a change of 4.58%. The traded area also reached … Read more

The UK real estate market is losing momentum as prices rise

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Rental housing prices

Reading time: < 1 MinuteReal estate prices in the United Kingdom continued to rise in March, with the average price exceeding 371,000 pounds, marking a 1.1% increase on a month-over-month basis, according to Rightmove data. The market is currently seeing 74,000 property transactions, including 25,000 first-time buyers who will not be able to complete their transactions before the stamp duty suspension period ends, which will force them … Read more

Signing of a Memorandum of Understanding to Develop an Integrated Commercial Project in the Holy Capital

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Residential program

Reading time: < 1 MinuteAl-Balad Al-Amin Company for Development and Urban Planning and the Arab Centers Company (“Sinomi Centers”) signed a memorandum of understanding in the presence of His Excellency the Mayor of the Holy City and Chairman of the Board of Directors of Al-Balad Al-Amin Company, Musa’ad bin Abdulaziz Al-Dawood, with the aim of collaborating on the establishment of an integrated commercial project on the Fourth Ring Road along Dr. Abdulqadir Kushk Road, covering an area of more than 155,000 square meters, thereby contributing to the enhancement of the landscape … Read more

Northern Borders Municipality offers 9 investment opportunities in several locations

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Reading time: < 1 MinuteThe Northern Border Region Secretariat, represented by the Al-Sha’ba Municipality, has announced nine investment opportunities through the municipal investment portal “Furs.” The Al-Sha’ba Municipality explained that the investment opportunities include the construction, operation, and maintenance of a wedding hall with a total area of 5,218 square meters, with a 10-year contract term; and the construction, operation, and maintenance of commercial markets with a total area of 750 square meters, with a 10-year contract term, … Read more

“Zakat calls on businesses to submit VAT returns for last month

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Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax, and Customs Authority (ZATCA) has called on businesses subject to value-added tax (VAT) whose annual supply of goods and services exceeds 40 million riyals to file their tax returns for February 2025, no later than March 31, 2025. The Authority urged businesses to promptly file their tax returns via the website (zatca.gov.sa), or to file and pay … Read more

Today. The start of the real estate registry in Jumoum Governorate in the Makkah region

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Residential program

Reading time: < 1 MinuteThe Land Registry announced today that it has begun accepting applications for initial registration of 159 parcels of land in part of the Al-Naqaba neighborhood in Al-Jamoum Governorate, Makkah Region. The Real Estate Registry noted that owners of properties located within the neighborhood must register their properties by the end of June 26, 2025. The location of a property can be verified to determine whether it falls within the designated areas… Read more

First app to digitally document ownership of municipal real estate in the Eastern Province

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Eastern Province Municipality - Residential Plans

Reading time: < 1 MinuteHis Excellency the Secretary of the Eastern Province, Engineer Fahd bin Muhammad Al-Jubeir, launched last Thursday the “My Municipal Property Document,” the first of its kind among the Kingdom’s municipal secretariats, in a pioneering step toward automating and developing one of the General Administration of Land and Geospatial Property’s services. The app aims to document and catalog all data on municipal land assets in approved plans, such as investment lands, … Read more

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