Month: July 2026

The Governor of Unaizah Inspects the «Ata 1 Housing» Project and Tours the Residential Units

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Reading time: < 1 MinuteLast Thursday, Unaizah Governor Saad bin Abdullah Al-Saleem inspected the “Iskaan Ata” 1” project in Unaizah Governorate. During a field tour, he assessed the readiness and quality of construction of 12 housing units to ensure that final preparations were complete before their handover to beneficiary families. During the visit, the Governor of Unaizah listened to a brief explanation from Khalid Al-Qaraawi, Executive Director of the Al-Bir Charity Association in Unaizah Province, regarding … Read more

The Asir Municipality Enhances Quality of Life by Implementing Projects to Improve Roads and Public Facilities

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Reading time: < 1 MinuteThe Asir Region Municipality affirmed that projects aimed at making roads and public facilities more people-friendly and improving the urban landscape have become a cornerstone in enhancing the quality of life and revitalizing economic and commercial activity in the region’s cities and governorates, as part of its ongoing efforts to develop the urban environment and enhance the experience of residents and visitors. His Excellency Abdullah Al-Jali, Secretary of the Asir Region, explained that the Secretariat began implementing urban landscape improvement projects in the year … Read more

Construction of 3 bridges as part of the project to develop the intersection of Prince Turki bin Abdulaziz I Road and the Northern Ring Road in Riyadh

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Reading time: < 1 MinuteThe Royal Commission for Riyadh City continues to implement the Prince Turki bin Abdulaziz I Road Development Project (Northern Section), by commencing work on its intersection with the Northern Ring Road, which includes the construction of three bridges. This is part of the ongoing phases of the project aimed at improving the efficiency of one of the most important traffic arteries in the northern part of the capital. The Commission explained that the work currently underway will contribute to improving … Read more

«SAMA» Sets Guidelines for Non-Saudis to Open Accounts for Real Estate Ownership

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Saudi Central Bank - Digital Brokerage

Reading time: 2 MinutesThe Saudi Central Bank (SAMA) has issued new guidelines to all banks operating in the Kingdom, requiring them to allow the opening of bank accounts for individuals and legal entities covered by the provisions of the Law on Real Estate Ownership by Non-Saudis, with the aim of enabling them to own real estate or acquire other real rights within the Kingdom, in accordance with specific regulations and procedures. The Central Bank clarified that opening accounts for individuals requires … Read more

«The Real Estate Authority Receives 1,476 Reports and Identifies a Number of Violations During 27 Inspection Rounds

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Public Authority for Real Estate logo - Regulatory Tours

Reading time: < 1 MinuteLast June, the General Real Estate Authority, in collaboration with relevant government agencies, conducted 27 joint inspection tours, which included visits to 285 real estate facilities in various regions of the Kingdom; with the aim of ensuring compliance with real estate legislation in general, and the Real Estate Brokerage Regulation in particular, as well as matters falling within the purview of the participating government agencies. The Authority clarified that fieldwork is one of the avenues … Read more

26.4 billion riyals in housing financing in 5 months... Villas account for the largest share

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Reading time: 3 MinutesThe latest data from the Saudi Central Bank revealed that residential villas continue to dominate mortgage applications, far outpacing apartments and land. Conversely, the data showed a slowdown in activity among finance companies, which recorded a notable decline in the volume of new mortgage financing during the first quarter of the year, reflecting a disparity in the performance of lenders within the real estate market. 26.4 … Read more

Al-Sharqiyah Governor Opens Housing Exhibition and Showcases Homeownership Projects and Housing Options in the Region

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Reading time: < 1 MinuteHis Excellency Eng. Fahd bin Mohammed Al-Jubeir, Secretary of the Eastern Province, today inaugurated the housing exhibition organized by the Secretariat’s Housing and Development Agency, in the presence of a number of officials and stakeholders in the housing and real estate development sector.The exhibition aims to highlight homeownership projects in the Eastern Province and showcase the housing options available to citizens, thereby supporting urban development goals and contributing to the achievement of the Kingdom’s Vision 2030 objectives aimed at … Read more

The Al-Jawf Secretariat is offering a range of promising investment opportunities, including the construction of hotels and tourism and entertainment projects

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Al-Jouf Secretariat

Reading time: < 1 MinuteThe Al-Jouf Region Secretariat has launched a range of diverse investment opportunities, in a move aimed at promoting economic development in the region and transforming ideas into promising projects that support the objectives of the Kingdom’s Vision 2030.These investment opportunities cover key sectors, with contract terms of up to 25 years for tourism, entertainment, and sports projects, and 10 years for construction industry projects. The proposed projects include the hospitality sector, with the establishment of hotels … Read more

In Detail... Update to Licensing and Classification Standards for Serviced Apartments in the Kingdom

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Ministry of Tourism-Housing Rentals

Reading time: 2 MinutesThe Ministry of Tourism has adopted updated standards for the licensing and classification of serviced apartments, with the aim of raising the quality of hospitality services, enhancing operational efficiency, and improving the guest experience through an evaluation system based on the quality of facilities, digital services, and standards for universal accessibility for people with disabilities. Two Categories for Classifying Serviced Apartments The Ministry explained that the new regulations divide serviced apartment facilities into two main categories, namely Class … Read more

Poll: Have Real Estate Indices Put an End to Random Pricing?

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Reading time: 3 MinutesReal estate indices have become one of the key tools for informing buying and selling decisions in the real estate market, thanks to the accurate data they provide on prices, transaction volumes, and market trends. These indices have helped enhance transparency and reduce reliance on personal estimates, enabling investors, buyers, and sellers to make more informed decisions based on factual information that reflects market realities and future trends. Abdulkarim … Read more

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