Month: May 2025

Real Estate Authority receives 666 reports and monitors a number of violations during the past month

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Off-plan real estate projects

Reading time: < 1 MinuteDuring the month of April, the General Real Estate Authority (GRA) and the Ministry of Human Resources and Social Development carried out 18 joint monitoring tours, which included visiting 237 real estate establishments in Riyadh, the Eastern Province, and Makkah, with the aim of ensuring 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

Details. Launching the third edition of the Diriyah Engineers Development Program

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Logo of Al Diriyah Company

Reading time: 2 MinutesDiriyah Company announced the launch of the third edition of the “Diriyah Engineers Development Program”, one of the most prominent specialized programs aimed at attracting and training a group of Saudi graduates who possess an engineering thinking approach, and enabling them to contribute to projects within Diriyah's development strategy, in line with the objectives of the Kingdom's Vision 2030 related to the development of human capacities. According to Diriyah, the program is a journey ... Read more

Retail mortgages fall 7.9% in the first quarter of 2025

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Reading time: < 1 MinuteIn light of continued developments in the Kingdom's residential real estate market, data from the Saudi Central Bank (SAMA) revealed that commercial banks recorded new real estate loans to individuals amounting to SAR 27.77 billion during the first quarter of 2025, a decrease of 7.9% compared to the previous quarter. According to SAMA's data, residential villas maintained their position as the most common unit ... Read more

Ministry of Justice: 154,000 real estate evictions last year

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Residential program

Reading time: < 1 MinuteThe Ministry of Justice carried out more than 380 thousand notarial operations through accredited notaries during 2024, while the number of agencies and declarations reached more than 126 thousand agencies and declarations, while the number of real estate emptying operations reached more than 154 thousand operations, in order to enhance integration with the private sector and develop many new notarial services, which contributed to facilitating ... Read more

In an age of multiple choices... Relationship is what defines you

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Abdulrahman Al-Qout - Real Estate Sales - Multiple Options - Selling Residential Units

Reading time: < 1 MinuteIn the age of multiple choices... Relationship is what differentiates you Abdulrahman bin Ali Al Goot Imagine offering the best product or service in the market but without strong relationships, do you expect to succeed? People trust people before companies, and this is where professional relationships come into play. But the most important question is: How do you build professional relationships that last? First of all, you need to realize that ... Read more

Jeddah Municipality offers 1.4 million square meters of new investment opportunities

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Jeddah Municipality - Investment Opportunities

Reading time: < 1 MinuteJeddah Municipality has launched a package of new investment opportunities, with a total of 29 opportunities that include commercial, recreational, sports, residential, educational and industrial activities, with areas exceeding one million square meters, within the framework of supporting comprehensive development and improving the quality of life. The package includes 13 opportunities dedicated to commercial activities, including the establishment, operation and maintenance of shops and commercial complexes in a number of neighborhoods, most notably ... Read more

180 days to regularize the status of tax groups registered with the Zakat Commission«

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Shop - VAT

Reading time: 2 MinutesThe Board of Directors of the Zakat, Tax and Customs Authority granted representatives of tax groups registered with it before the amendments were issued a period not exceeding 180 days from the date of publication of the decision to reconcile their status in accordance with the amendments contained in Article 10 of the executive regulations, as part of the organizational efforts aimed at developing the VAT system and achieving greater efficiency and legislative clarity. The amendments included ... Read more

Jeddah to host “Thara Jeddah” real estate auction to offer 4 quality opportunities in vital locations

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Reading time: < 1 MinuteMakan International Group, under the supervision of the Attribution and Liquidation Center (Enforcement), announces the “Tharaa Jeddah” real estate auction - in-person (hybrid), on Sunday, May 4, 2025, to offer four quality real estate opportunities in selected locations in the city of Jeddah. The auction offers a thoughtful real estate diversification that includes: A commercial residential school in the Mushrifa neighborhood with an area of (1000), a wedding hall in the Samer neighborhood with an area of (7640.42), a land ... Read more

4.13 billion dollar light steel structure construction market size

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Light Steel Structures

Reading time: 2 Minutes Lightweight steel structure technology represents a new style of modern construction characterized by reduced time, reduced cost, and increased quality and efficiency, and is predicted to grow exponentially over the next decade. In 2025, the market size is expected to reach around US$43.5 billion, with a compound annual growth rate (CAGR) of ... Read more

9.9 billion riyals the volume of loans granted by banks to REITs«

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Real Estate Loans - Finance - Financing - SAR 500

Reading time: < 1 MinutePress reports revealed that the volume of loans granted by banks to real estate ETFs «REITs» amounted to about 9.9 billion riyals, representing 33.4% of the total assets of REITs at the end of the first quarter, amounting to 29.8 billion riyals, and reports stated that 3 listed funds did not resort to borrowing, and there are no bank dues, namely (Alinmaa Hotel REIT - and Al Jazira REIT ... Read more

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