Month: July 2025

How does the 3-year extension affect the real estate market?

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Reading time: 3 MinutesThe Cabinet’s decision to extend the “Affordable Mortgage” program for an additional three years has given a strong boost to the Kingdom’s mortgage market, and increases opportunities for Saudi families to own their first homes, as the program has eased the down payment burden and opened up broad prospects for housing subsidy beneficiaries, It also represents a cornerstone in the housing transformation process and the achievement of the goals of the Kingdom’s Vision 2030 … Read more

New Square launches “Alive Al Murabba” campaign for an innovative destination with historical roots

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Residential program

Reading time: < 1 MinuteNew Square Development Company—a subsidiary of the Public Investment Fund—has launched its new awareness campaign titled “Hayya Al Murabba” in a move that reflects the historical depth and future vision of the capital, Riyadh; with the aim of reviving the cultural and emotional connection between the historic Al Murabba neighborhood and New Square, the modern destination of the future. Michael Dike, CEO of New Square, explained that the campaign aims to raise … Read more

“Sakan delivers the first batch of Riyad Bank Joud units in Al Jouf

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Residential program

Reading time: < 1 MinuteThe Community Development Housing Foundation “Sakan” today handed over the first batch of “Joud Riyad Bank” units, which included 20 housing units in the Al-Jawf region, representing part of a total of 75 housing units contributed by Riyad Bank and distributed across a number of regions in the Kingdom, as part of its contribution to the second edition of the “Jood Al-Manaat” campaign, which was launched via the “Jood Al-Iskan” platform … Read more

“Al Diriyah signs SAR 5.75 billion construction contract to develop Al Diriyah Arena project

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Residential program

Reading time: 2 MinutesAl-Diriyah Company has signed a construction contract worth 5.75 billion riyals with a subsidiary of China Harbour Engineering Company to develop the Al-Diriyah Arena project, which includes the Al-Diriyah Arena building, three mixed-use office buildings, and parking facilities, to advance Diriyah’s goal of becoming a global cultural and tourist destination. The Diriyah Arena project covers a total floor area of approximately 74,000 square meters and is designed to be a mixed-use facility, … Read more

The seventh edition of the Future Projects Forum kicks off in Riyadh on September 8

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Reading time: 2 MinutesThe Saudi Contractors Authority is organizing the 7th edition of the Future Projects Forum, under the patronage of His Excellency the Minister of Municipal and Housing Affairs, Mr. Majid bin Abdullah Al-Hogail, at the Riyadh International Convention and Exhibition Center from September 8 to 10, amid growing interest from various local and international entities and a wide variety of projects and accompanying events. The Future Projects Forum is one of … Read more

Vacant Property Fees Important details in regulating the use of buildings within urban zones

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Reading time: 2 MinutesThe Saudi real estate market is witnessing a new trend toward regulating the use of land and buildings within urban areas through the imposition of fees on vacant properties, in a move aimed at addressing one of the sector’s most significant challenges: the abundance of unused buildings, and their impact on the balance of supply and demand in the real estate market. The Ministry of Municipalities and Housing explained, via an infographic, the concept of vacant properties … Read more

7 Umrah companies suspended and summoned for investigation for housing pilgrims in unlicensed accommodation

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Reading time: < 1 MinuteThe Ministry of Hajj and Umrah has identified violations by seven Umrah companies, which involved housing pilgrims in unlicensed accommodations, in clear violation of approved regulatory guidelines, as part of its ongoing oversight efforts to improve the quality of services provided to the guests of the Most Merciful. The Ministry clarified that these violations constitute serious breaches that jeopardize the safety and comfort of Umrah pilgrims, noting that it immediately began taking measures … Read more

745 million riyals to launch a real estate fund and build more than 1000 residential and commercial units in Jeddah

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Residential program

Reading time: < 1 MinuteEmirates NBD Capital, in partnership with Afaq Investment and Real Estate Development Company, has announced the launch of a SAR 745 million real estate fund to develop Uptown Jeddah, a residential project in Jeddah. The project aims to construct 960 residential units and 65 commercial units in a strategic location on Prince Majid Road, close to the most vital areas ... Read more

Development Housing Achievements in the first half Owning 3770 housing units and supporting 16,404 defaulters

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Reading time: 2 MinutesThe Ministry of Municipalities and Housing, represented by the Developmental Housing Agency, announced that it is continuing its efforts to support eligible families and enable them to obtain adequate housing. During the first half of this year, 3,770 housing units to eligible families during the first half of this year in various regions of the Kingdom, as part of ongoing efforts to achieve the objectives of the Housing Program—one of the programs under the Kingdom’s Vision 2030—to increase homeownership rates and achieve … Read more

Corrective deadline to implement new requirements for grocery stores, catering and supermarkets begins

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Ministry of Municipalities and Housing

Reading time: 2 MinutesThe 180-day grace period set by the Ministry of Municipalities and Housing for businesses operating in the grocery, catering, and central market sectors began on July 14, 2025, with the aim of bringing them into compliance with new regulatory requirements over a period of 180 days. These requirements aim to raise the quality of services and improve the work environment, in line with community expectations and to enhance food safety standards, within the framework of … Read more

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