Month: June 2026

«Amad Al-Alamiya»... A Track Record of Quality That Inspires New Confidence in the Al-Fursan Suburb

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Reading time: < 1 MinuteAmad International Contracting Company signed a construction contract with the Spanish company URBAS Middle East to carry out a residential project in the Al-Fursan neighborhood of Riyadh, in the presence of Amad International’s Chairman, Mr. Khalid Al-Saab, and URBAS’s Chairman, Dr. Adolfo Guerrero.The contract builds on Amad International’s expertise in developing residential neighborhoods, hotels, and commercial complexes, as well as its track record in high-quality, distinctive projects. Khalid Al-Saab emphasized … Read more

The Cabinet Exempts the Elderly and People with Disabilities from the Requirement to Include Dependents in the Household When Calculating the Minimum Pension

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Reading time: < 1 MinuteDuring its session held today, Tuesday, in Jeddah and chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud (may God protect him), the Council of Ministers approved an exemption for elderly individuals with no income, as well as people with disabilities and orphans with special circumstances who have no family, and beneficiaries of the social security system, from the requirement to include dependents in the household for the purpose of calculating the threshold… Read more

Cabinet Reviews Infrastructure Projects and Urban Expansion Plans

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Reading time: < 1 MinuteDuring its meeting held today in Jeddah, chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, the Council of Ministers reviewed infrastructure development plans in various regions of the Kingdom and measures to prepare them to accommodate continued growth and rapid urban expansion. In this context, the Council noted the launch of the new phase of the Developed Neighborhoods Program in Makkah, as well as the start of implementation of projects … Read more

«The Shura Council Discusses Housing and Infrastructure Development... Calls for Tighter Oversight of Projects and Modernization of Urban Planning

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Reading time: 2 MinutesThe Shura Council held its 39th regular session of the second year of the ninth session yesterday, Monday, under the chairmanship of His Excellency Dr. Mishaal bin Fahm Al-Suleimi, Deputy Speaker of the Council. According to the Saudi Press Agency, the Shura Council highlighted a number of issues related to the municipal, housing, and infrastructure sectors during its discussion of the annual report of the Ministry of Municipalities and Housing, during which Council members raised a series of … Read more

Down 27%... 3,361 real estate transactions worth 2.1 billion riyals were completed during the week

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Real estate stock exchange

Reading time: 2 MinutesThe Saudi real estate market experienced a notable slowdown last week, as both the number and value of real estate transactions declined compared to the previous week, according to data from the Real Estate Exchange. The data showed that 3,361 real estate transactions were completed with a total value of 2.1 billion riyals, representing a decrease of approximately 27% in the number of transactions and about 41% in their value compared to the week before last, which saw approximately 4,600 … Read more

«Enforcement» Oversees the Sale of 136 Properties Worth Over 207 Million Riyals in One Week

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Reading time: < 1 MinuteThe Enforcement and Liquidation Center («Enfaaz») announced that it oversaw 42 real estate auctions held in various regions of the Kingdom from June 21 to 27, 2026, as part of its efforts to organize the liquidation and sale of real estate assets.The center explained that the real estate auctions saw the sale of more than 136 diverse real estate assets, with a total area exceeding 4 million square meters, while … Read more

More than 200 speakers from 85 countries are participating in the PropTech World Summit 2026

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Reading time: < 1 MinuteUnder the patronage of His Excellency the Minister of Municipalities and Housing and Chairman of the Board of Directors of the General Real Estate Authority, Mr. Majid bin Abdullah Al-Hogail, the General Real Estate Authority will host the third edition of the “Global Proptech Summit 2026,” under the theme “The Age of Smart Systems – Scaling Intelligence,” from October 25–26, 2026, at the Mandarin Oriental Al Faisaliah Hotel in Riyadh. The summit comes … Read more

Mortgaged Properties: Balancing Financing Needs and Market Liquidity

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Image Emoji Rent - Deals

Reading time: 2 MinutesIn recent years, the Saudi real estate market has seen a notable shift toward reliance on mortgage financing, leading to an increase in the number of properties mortgaged to banks and finance companies. As more owners seek to sell before their loans mature, a recurring question has emerged in market circles: Has mortgage lending become a means of supporting real estate activity, or an obstacle to the speed of property transactions? From … Read more

3 Real Estate Opportunities at the Al-Narges Raw Property Auction

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Reading time: < 1 MinuteThe Ibrahim Al-Qaraawi Real Estate Foundation, under the supervision of the Enforcement and Liquidation Center «Enfaaz,» announces that an online auction for “Kham Al-Narges“ will be held on Monday, July 6, 2026, at 9:00 a.m. and ending on Wednesday, July 8, 2026, from 6:00 p.m. to 6:40 p.m. via the Mubasher auction platform.The auction features three opportunities in a strategic location within the most prominent neighborhoods of Riyadh, consisting of … Read more

«Umm al-Qura» Sells Two Plots in «Wajha Masar» for 462 Million Riyals to Boost Liquidity

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Reading time: < 1 MinuteUmm Al-Qura Development and Construction Company announced the completion of the sale of two plots of land within Zone 1 of the “Masar Destination” project in Makkah, to “Madar Al-Tasi”,“ a special-purpose company affiliated with a real estate fund managed by ”Al-Istithmar Capital,“ with the aim of developing a residential project within the destination. The company explained in a statement published on ”Tadawul” that the total value of the transaction amounted to 462.1 … Read more

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