Month: August 2025

Cabinet approves public interest expropriation and temporary seizure of real estate

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - chaired the Cabinet session held today in Jeddah. During the session, the Cabinet approved the system of expropriation of real estate for public interest and temporary seizure of real estate. For his part, His Excellency the Minister of Finance, Chairman of the Board of Directors of the General Authority for State Properties, Mr. Mohammed bin Abdullah ... Read more

Minister of Finance: The new expropriation system ensures fair compensation and preservation of public funds

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Minister of Finance Mohammed Al-Jadaan - Real Estate Transaction Tax Executive Regulations

Reading time: 2 MinutesHis Excellency the Minister of Finance, Chairman of the Board of Directors of the General Authority for State Property, Mr. Mohammed bin Abdullah Al-Jadaan, extended his thanks and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, on the occasion of the Cabinet approval of the Real Estate Expropriation Law ... Read more

Riyadh train ridership surpasses 100 million passengers in less than 9 months

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Riyadh Metro Traffic

Reading time: < 1 MinuteThe Riyadh Metro has reached an exceptional milestone after receiving its 100 millionth passenger since its launch in early December 2024, in less than nine months of operation, according to the Royal Commission for Riyadh City (RCRC). The authority revealed that the blue line of the Riyadh train on the Olaya Road axis topped the number of passengers with about 46.5 million users, followed by the ... Read more

123.8 billion riyals of real estate deals in the first half. Medina leads and Riyadh lags

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Reading time: 2 MinutesSaudi Arabia's housing sector continued its pivotal performance, accounting for about 63% of the total value of real estate transactions in the Kingdom, which amounted to 123.8 billion riyals during the first six months of the year, according to a report issued by global real estate consultancy Knight Frank. During the first half of this year, about 93,700 residential real estate transactions worth SAR 77.5 billion were recorded, ... Read more

White Land Fees: Anti-Monopoly, Sustainable Market

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Dr.. Dr. Hamoud Al-Faleh 2

Reading time: < 1 MinuteWhite Land Fees: In light of the rapid transformations in the Saudi real estate sector, the new amendments on white land fees and vacant properties constitute a decisive turn in the path of reform after years of holding vast areas within the urban areas without exploitation, which contributed to high prices and limited opportunities for ownership. These amendments are no longer just ... Read more

In the presence of His Highness the Amir of Riyadh NHC launches “Al-Ruba” destination in the east of the capital

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Reading time: 2 MinutesHis Highness Prince Dr. Faisal bin Abdulaziz bin Ayyaf, Governor of Riyadh, launched “Al-Ruba Destination”, the latest urban destination developed by (NHC) in the east of the capital Riyadh, in the presence of H.E. Deputy Minister of Municipalities and Housing and Chairman of the Board of Directors of NHC Ihab bin Ghazi Al-Hashani, and CEO of the company Mohammed bin Saleh Al-Batti, as part of the company's efforts to enhance the real estate supply in the capital through ... Read more

North Riyadh's Bilkat in Rare Auction

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Reading time: < 1 MinuteThe Investor's Place, under the supervision of the Assignment and Liquidation Center «Enforcement», announces the holding of the “Riyadh Rarities” auction on 03/09/2025 in person at 04:30 in Riyadh's Specialty Hall and electronically through the Mubasher Auction Platform. The auction offers 7 distinctive opportunities with strategic locations in the most important neighborhoods in Riyadh, the first property is a residential commercial block in Al Nakheel neighborhood with an area of 10340.34 square meters, and the property ... Read more

Statistics: Non-petroleum exports grow by 22.1% in June 2025

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Residential program

Reading time: 2 MinutesThe General Authority for Statistics (GASTAT) released yesterday the International Commodity Trade Statistics for June 2025 and for the second quarter of the same year. The results of the June bulletin revealed that non-petroleum exports “including re-exports” continued to grow, recording an increase of 22.1% compared to June 2024, and national non-petroleum exports “excluding re-exports” increased by 8.4%. According to the results of the bulletin, ... Read more

Al-Haqeel: 180 billion riyals the size of the local market for facilities management last year

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Al-Haqeel

Reading time: 2 MinutesHis Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, today inaugurated the International Utilities Conference and Exhibition 2025, organized by the Saudi Facilities Management Association at the Riyadh International Convention and Exhibition Center from 24 to 26 August 2025, under the theme “Facility Intelligence”, with the participation of more than 100 government, private and international entities, and more than 50 local speakers... Read more

“Sakany” records more than 580 thousand reservations as the largest off-plan sales platform

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Residential program

Reading time: 2 MinutesThe “Sakany” program revealed the latest statistics related to off-plan sales projects, which reflect the continuous growth in the real estate sector and the increasing demand for residential ownership options through digital platforms and comprehensive “Sakany” centers in various regions of the Kingdom. The program has recorded more than 580,000 reservations within the Kingdom's regions, including 623 residential projects of various designs ... Read more

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