Month: June 2025

Investment project to develop Dammam Creek in the Eastern Corniche enhances tourism and recreational infrastructure

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Reading time: < 1 MinuteHis Royal Highness Prince Saud bin Naif bin Abdulaziz, Emir of the Eastern Province, was recently briefed at his office on the investment project to establish, develop, operate and invest in the Dammam Creek on the eastern shore of Dammam Corniche, in the presence of HE the Governor of the region, Engineer Fahad Al Jubeir, and a number of leaders of the Municipality. His Highness praised the support received by the municipal sector from the wise leadership, stressing that the ... Read more

What are the benefits and risks of buying furniture online? Your guide to ensure the highest quality

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Reading time: 3 MinutesWith the age of digital shopping and the explosion of e-commerce, buying furniture no longer requires exhausting trips to stores or waiting for a sale. With the click of a button, you can furnish your entire home through websites and apps that offer thousands of pieces in different tastes and prices. But with this convenience comes a fundamental question: is all that glitters in the pictures gold? An experiment ... Read more

In detail... The White Land Fees Law before the adoption of the latest amendments

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White Land Fees Program

Reading time: 2 MinutesThe white land fee system has contributed to a tangible transformation in the Kingdom's real estate scene, as the program revealed that the previous phase, before the adoption of the latest amendments, succeeded in driving urban development by investing more than 162 million square meters of land, in addition to enabling 121 residential projects in various regions of the Kingdom. Developing 75 ... Read more

Saudi Central Bank announces the start of registration for the SAMA Promising Professionals Program for recent graduates

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Residential program

Reading time: < 1 MinuteThe Saudi Central Bank (SAMA) announced the start of registration for the SAMA Promising Professionals Program (SPP) for recent graduates, starting today for a period of (3) weeks. The program aims to provide an integrated development experience that focuses on accelerating the integration of graduates from Saudi universities and accredited international universities into the work environment through a combination of practical training, mentoring, and applied learning, and focuses on developing ... Read more

Al-Hogail: Riyadh needs 130,000 housing units annually to meet growing demand and we have 1,400 local developers

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Al-Haqeel

Reading time: < 1 MinuteThe Minister of Municipalities and Housing, Majid Al-Haqeel, confirmed that Riyadh is witnessing an increasing demand for housing units, with its annual need ranging from 120 to 130 thousand units to meet the population growth and accelerated demand. Al-Haqeel explained that Riyadh has recorded the highest rates of increase in real estate prices compared to other cities in the Kingdom that are experiencing more balanced growth, ... Read more

Retail rents rise 4% in Riyadh as spending booms

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Saudi Arabia Foreign Investment

Reading time: 2 MinutesAmid a strong recovery in the retail sector in the capital Riyadh, Knight Frank revealed that rents for shops in major centers rose by 4% in one year, reaching SAR 2,848 per square meter, driven by a surge in demand and a marked increase in consumer spending. According to a recent report by the company, total consumer spending in the Kingdom, including ... Read more

NHC promotes the future of Saudi real estate development at Cityscape Global in London

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National Housing Company

Reading time: 2 MinutesThe National Housing Company (NHC) participated in an event at Cityscape Global in London as part of a series of international meetings aimed at connecting global investors with the promising opportunities in Saudi Arabia's real estate development sector. During the event's sessions, the company's CEO, Mr. Mohammed Al Batti, gave a comprehensive presentation highlighting the company's growth... Read more

«Municipalities» and Jouf Municipality discuss improving control indicators on contractors in the region

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Al-Jouf Secretariat

Reading time: < 1 MinuteUndersecretary of the Ministry of Municipalities and Housing for City Operators Organization Abdulrahman Al-Oraini discussed with Al-Jouf Governor Atef bin Mohammed Al-Sharaan ways to improve control indicators on projects and contractors affiliated with the Municipality of Al-Jouf. This came during the visit of a delegation from the Ministry's Agency for City Operators and the General Department of Compliance, headed by Al-Oraini, to Al-Jouf Municipality yesterday. The meeting discussed the services provided by the agency, including ... Read more

The volume of housing loans provided to individuals fell to 6.297 billion riyals during April 2025

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Reading time: < 1 MinuteIn a new indication of slowing demand for real estate financing, the Saudi Central Bank (SAMA) revealed that the volume of new housing loans provided to individuals by banks fell to 6.297 billion riyals during April 2025, compared to 8.399 billion riyals in March of the same year, a decrease of 25% on a monthly basis. This decline comes despite the growth of ... Read more

Al-Ahsa Governor lays the foundation stone for Tawaja Resorts in Al-Ahsa

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Residential program

Reading time: 2 MinutesHis Royal Highness Prince Saud bin Talal bin Badr, Governor of Al Ahsa, on Wednesday evening, laid the foundation stone for the construction of the first three luxury resorts under the Tawaja brand to be developed by Dan, a Public Investment Fund company, in Al Ahsa Governorate, in the presence of a number of officials and representatives of government and private entities. The laying of the foundation stone marks the start of the first phase of the project, which ... Read more

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