Month: June 2025

Emir of Sharqiya launches Saudi Industry Forum 2025 and witnesses the signing of a number of agreements

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Reading time: 2 MinutesHis Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of Eastern Province, inaugurated today the activities of the Saudi Industry Forum 2025, in the presence of HE Deputy Minister of Industry and Mineral Resources for Industry Affairs Engineer Khalil bin Salma, President of the Federation of Saudi Chambers Hassan bin Maajib Al Huwaisi, President and CEO of Saudi Aramco Engineer Amin Al Nasser, and a number of senior executives in the sector ... Read more

Emir of Northern Borders reviews implementation of developmental housing projects in the region

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Northern Borders Emir

Reading time: < 1 MinuteHis Royal Highness Prince Faisal bin Khalid bin Sultan bin Abdulaziz, Emir of Northern Borders Region, today chaired the 13th meeting of the Executive Committee for Developmental Housing in the region. The meeting began with a speech by His Highness the Emir, during which he praised the support and interest of the wise leadership in the developmental housing program, which is one of the tracks ... Read more

Enforcement Center and the Agricultural Development Fund sign an agreement to regulate liquidation and sale

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Residential program

Reading time: < 1 MinuteThe Enforcement and Liquidation Center (Enforcement) signed an agreement with the Agricultural Development Fund (ADF) yesterday, with the aim of enhancing joint cooperation in the outsourcing of the sale of foreclosed properties in favor of the Fund and organizing work mechanisms between the two sides, harnessing the capabilities and expertise available at Enforcement, which includes studying the mortgaged assets of the Fund, evaluating them, marketing them, organizing the sale and liquidation mechanism and completing them in accordance with the relevant regulations, and ensuring efficiency in ... Read more

One billion and 60 million riyals deposited in the accounts of «housing subsidy» beneficiaries for June

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Residential program

Reading time: < 1 MinuteThe Real Estate Development Fund announced today the deposit of one billion and 60 million riyals in the accounts of the beneficiaries of the housing support program from the Ministry of Municipalities and Housing and the Real Estate Fund for the month of June 2025. The CEO of the Real Estate Fund, Mansour bin Madi, explained that the total support for the month of June was allocated to support the profits of the contracts of the various housing support programs, with the aim of supporting and improving the ability of beneficiaries to own housing, achieving the targets of ... Read more

Marketing before building: Why do real estate developers prefer off-plan sales?

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Off-plan sales

Reading time: 3 MinutesReal estate markets in the region are witnessing displays of residential units in elegant exhibitions and 3D models, while the land is still empty and the concrete has not yet been poured. Despite this, waiting lists are registered and payments are made to reserve apartments that have not yet been built. The phenomenon of “off-plan sales,“ which has gone from a marketing technique to a pivotal financing mechanism that real estate developers rely on, not ... Read more

7 real estate opportunities in Makkah's Baqaa Al-Khair auction

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Tasand Logo

Reading time: 2 MinutesTasand Real Estate Company, under the supervision of the Assignment and Liquidation Center «Enforcement», announces the holding of the «Baqa'a Al Khair» online auction through the Mubasher platform for auctions, and the auction starts on Sunday, June 29, 2025 at ten in the morning, and ends on Tuesday, July 1, 2025 at three half to six in the evening. And my presence on Wednesday, July 2, 2025, in the Golden Hall at the Reef International Hotel at four o'clock ... Read more

Deadline for bids for Riyadh Metro Line 7 extended to September

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Riyadh train

Reading time: 2 MinutesThe Royal Commission for Riyadh has decided to extend the deadline for qualified companies and consortiums to submit their bids for the design and construction of the seventh line of the Riyadh Metro project to September 2025, after it was set for June of the same year, according to the specialized magazine “Meed”. The seventh line is one of the most important new expansions of the Riyadh metro network, ... Read more

“Statistics”: Non-oil activities increased by 5.3% last year

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Residential program

Reading time: < 1 MinuteThe General Authority for Statistics (GASTAT) data showed today that the annual index of industrial production for the year (2024) decreased by (2.3%), mainly due to the decrease in the annual index of oil activities by (5.2%), while the annual index of non-oil activities increased by (5.3%) as a result of the higher performance of all non-oil economic activities compared to the year (2023). According to ... Read more

Reading the real estate news between haste and careful analysis

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Abdullah Al-Salih - National Day 95Investing in old buildings

Reading time: < 1 MinuteReading real estate news between haste and conscious analysis Abdullah bin Saleh When news is published in the real estate field, interested parties race to circulate and analyze it, and their reception varies according to the angle of view, as some rejoice in the opportunities and positive indicators, while others drown in the negatives or challenges it may carry. But the truth is that understanding real estate news requires more than ... Read more

5 requirements before building construction begins

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Building license via Baladi platform

Reading time: < 1 MinuteKhobar Municipality revealed the most important technical requirements necessary when constructing buildings, in order to preserve the safety of individuals and neighbors, emphasizing the need to adhere to the necessary technical requirements before proceeding with the construction of the building. According to an infographic published by the municipality on its account on the social networking site “X”, the requirements revealed by the municipality include the following: - Obtaining the necessary permits. - Making a temporary fence ... Read more

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