Month: April 2025

28 % Residential mortgage growth slowed in February

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Reading time: < 1 MinuteSaudi Arabia's new residential real estate financing sector witnessed a slowdown in the annual growth rate during February, recording 28%, for the second month in a row, according to data from the Saudi Central Bank (SAMA). The total residential real estate financing provided by banks amounted to SAR 8.9 billion, the lowest level in four months, reflecting the effects of the slowdown in the market ... Read more

Natural and synthetic marble alternatives What's the difference and which one is right for you?

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Reading time: 3 MinutesMarble is one of the most luxurious materials that adds a touch of elegance and sophistication to various spaces, whether in homes, offices, or hotels. However, its high cost and constant need for maintenance has prompted many to look for other alternatives that have a similar appearance but at a lower price and easier maintenance. Between natural and synthetic alternatives, the debate rages on about which is better, and whether ... Read more

Saudi Building Code Center New organizational and financial arrangements

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Contracting - Construction

Reading time: < 1 MinuteThe decision to transform the National Committee for Saudi Building Code into the Saudi Building Code Center specified that the first fiscal year of the Center will start from the effective date of its arrangements, and end with the end of the next fiscal year of the State, with the exception of paragraph (2) of Article 11 of the organizational arrangements. New Organizational and Financial Arrangements The Board of Directors of the Saudi Building Code Center will have powers stipulated ... Read more

4 real estate opportunities at Al Narjis and Al Amariyah auction

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Reading time: < 1 MinuteAl Saadoun Real Estate Company, under the supervision of the Attribution and Liquidation Center «Enforcement» and by a decision of the Execution Court and a ruling from the Personal Status Court, announces the holding of the “Narges and Amariya” hybrid auction on Wednesday, 4/16/2025, in person at 4:00 pm: 4:00 pm at the Specialty Hall in Riyadh and electronically through the Saudi Auctions platform. The auction offers 4 real estate opportunities in strategic locations in Riyadh to sell the lands of more than ... Read more

Minister of Economy: The Crown Prince's directives will provide adequate housing units at competitive prices

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Reading time: < 1 MinuteSaudi Arabia's Minister of Economy and Planning, Faisal Al Ibrahim, confirmed that the directives issued by Crown Prince Mohammed bin Salman, Prime Minister, aim to find quick and effective solutions to address the challenges of the real estate sector, which contributes to improving the quality of life of citizens and enhancing the growth of the private sector. Speaking to Al Arabiya, Al Ibrahim explained that the new decisions will provide additional support to families ... Read more

President of the Royal Commission for Riyadh City: The Crown Prince's directives strike a balance between urban growth and development

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Reading time: 2 MinutesThe CEO of the Royal Commission for Riyadh City, Engineer Ibrahim Al-Sultan, expressed his thanks and appreciation to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, for his generous directive to lift the suspension of a group of lands north of Riyadh, bringing the total amount of what has been lifted to 81.48 million square meters, ... Read more

amounting to 883.3 billion riyals. Real Estate Loans Record Significant Growth by the End of 2024

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Reading time: < 1 MinuteReal estate loans provided by commercial banks in Saudi Arabia increased by 15% by the end of the fourth quarter of 2024, reaching SAR 883.3 billion, compared to SAR 767.3 billion during the same period in 2023, according to updated data released by the Saudi Central Bank (SAMA). The value of real estate loans granted to individuals, which constitute 77% of total real estate loans, rose ... Read more

Trade Speaker: Implementation of the new commercial registry and trade names systems on Shawwal 5

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Ministry of Commerce - Saudi Companies

Reading time: < 1 MinuteThe Ministry of Commerce spokesperson Abdulrahman Al-Hussein confirmed that Thursday, the fifth of Shawwal, is an important day in the world of commerce, as the new commercial registration and trade names systems come into effect. Al-Hussein explained that the new commercial registration system has witnessed major changes, including not issuing sub-registers for the merchant and only one register, and not specifying a city for the commercial register and its inclusion ... Read more

Infographic: “Good Regions 2” campaign raises more than 1.8 billion riyals as of Ramadan 28

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Residential program

Reading time: < 1 MinuteJoud Housing Platform announced that the total value of agreements and donations for the “Joud Areas 2” campaign reached SAR 1,843,887,927 as of Ramadan 28, in a qualitative achievement that reflects the size of community interaction with the developmental housing initiatives launched by the platform in cooperation with its partners in the governmental, private and non-profit sectors. The blessed campaign contributed to serving more than 11,479 families, through ... Read more

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