How do you transfer debt and reschedule housing subsidies?
Reading time: < 1 MinuteHousing Subsidy Scheduling
Month: June 2025
Saudi Arabia's real estate price index rises to 104.9 points in Q1 2025
Reading time: 2 MinutesThe latest update of the Saudi Economic Pulse Bulletin issued by the Ministry of Economy and Planning showed that the real estate price index in the Kingdom rose to 104.9 points during the first quarter of this year, recording a quarterly growth of 0.7 % and an annual increase of 4.3 %. These figures confirm that the Saudi real estate market is on a gradual and balanced upward trajectory, supported by a package of financing and regulatory factors ... Read more
World Bank expects Saudi Arabia's economic recovery to continue until 2027
Reading time: 2 MinutesThe World Bank expects the Saudi economy to continue its recovery after a slowdown in 2023, pointing to a gradual improvement in growth rates thanks to economic diversification reforms and upcoming changes in oil production, while expressing optimism about the prospects of the economies of the Gulf Cooperation Council (GCC) countries, which are poised to achieve advanced levels of growth in the medium term. In the latest edition of the ... Read more
Jazan Municipality implements strategic rainwater drainage projects at a cost of 41 million riyals
Reading time: < 1 MinuteThe Jazan Municipality is currently seeking to implement the outputs of the strategic plan for rainwater drainage in Jizan city and all governorates of the region, with the aim of enhancing the capacity of the main stations to deal with the increasing amounts of rainfall and reduce water accumulation, which contributes to improving the quality of life for citizens. The number of completed projects in the field of rain and floods amounted to five projects at a total cost of ... Read more
Secretary of Sharqiya: Khobar's progress in the ranking of the world's best cities to live in is a global achievement
Reading time: < 1 MinuteHis Excellency the Secretary of the Eastern Province, Eng. Fahad bin Mohammed Al-Jubeir, affirmed that the city of Al-Khobar's progress of 13 places to become 135th in the ranking of the best cities to live in the world this year is a great global achievement that comes in line with the objectives of the Kingdom's Vision 2030, and achieving its targets, which included the inclusion of Al-Khobar to be among the 100 best cities to live globally in ... Read more
Taif Municipality launches Neighborhood Friends Initiative to plant residential units
Reading time: < 1 MinuteTaif Municipality, represented by the General Department of Media and Institutional Communication, launched the “Friends of the Neighborhood” initiative, which is concerned with establishing a volunteer team, planting trees for the beneficiaries of the development housing units in Taif Governorate and identifying the needs and issues of the units for the beneficiaries of development housing. The initiative aims to enhance communication with the beneficiaries of development housing, identify the needs of the units periodically, involve volunteers in planting trees, and activate volunteering ... Read more
«Diyar Al Majd Real Estate announces the start of the »Makkah Mushrif Auction«
Reading time: < 1 MinuteDiyar Al Majd Real Estate announced the start of the «Masharef Makkah Auction», which is held under the supervision of the Attribution and Liquidation Center «Enforcement» and by decision of the Execution Court, where the auction contains 8 distinctive properties in the holy capital, on the Saudi Auctions platform, and the auction ends on Tuesday, June 24, 2025, from 4:00 pm to a quarter to 6:00 pm. To view the auction brochure https://qrco.de/bfn40a ... Read more
A new e-service Enabling a sub-broker to create a partnership contract for real estate auction transactions and contracts and consultations
Reading time: 2 MinutesThe General Real Estate Authority (GRA) has continued its accelerated steps towards regulating the real estate brokerage market by launching a package of periodic updates, most notably this week with the addition of a new e-service that enables brokers to create and document a partnership contract between the main broker and the sub-broker in real estate auction transactions and consultations. The service was announced on the updates dashboard on the authority's platform on June 18, ... Read more
In detail... Approval of new amendments to the Electricity Service Provision Manual
Reading time: 2 MinutesThe Board of Directors of the Saudi Electricity Regulatory Authority (SERA) has approved an amendment to the Electricity Service Delivery Guide, with the aim of improving the subscriber experience and providing more flexible and transparent services. Details of the amendment were published in the latest issue of the official newspaper Umm Al-Qura, published on Friday. Improvements in the billing cycle and bill delivery Among the most notable amendments are raising the maximum period of time during which ... Read more
“MODON showcases its investment opportunities and discusses areas of industrial cooperation in Turkey
Reading time: 2 MinutesA delegation from the Saudi Authority for Industrial Cities and Technology Zones (MODON) concluded its official visit to the Republic of Turkey, which lasted from June 16-18, in response to an official invitation aimed at enhancing international cooperation, exchanging experiences and attracting quality investments. During the visit, MODON's CEO, Eng. Majid bin Rafid Al-Arqobi, met with Turkish Deputy Minister of Industry and Technology Oruç ... Read more
