Month: August 2026

Al-Ahsa Municipality Updates Data for 2,987 Parcels of Land on the Geographic Explorer

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Reading time: < 1 MinuteThe Al-Ahsa Municipality has updated data for 2,987 parcels of land on the Geographic Explorer since the beginning of 2026, as part of its ongoing efforts to update spatial data related to land and real estate and to support the delivery of relevant municipal services. Khalid Bouoshul, the official spokesperson for the Al-Ahsa Municipality, explained that since the beginning of 2026, the municipality has processed 2,987 requests to update land parcel data on the Geographic Explorer. He noted that … Read more

15 % Growth in Residential Transactions in July... and 35.5 billion riyals in total trading volume

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July Newsletter - General Real Estate Authority

Reading time: 7 MinutesThe Saudi real estate market saw a clear improvement in the pace of activity during July 2026, driven by a month-over-month increase in both the number and value of real estate transactions, along with notable growth in rental activity and an expansion of real estate brokerage activities, according to data from the monthly bulletin issued by the General Real Estate Authority. The bulletin’s data for July reveals an improvement in a number of residential and other transaction indicators… Read more

Reinforcing bar prices fell while electrical wire prices rose last July

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Saudi Arabia's Steel Sector

Reading time: 2 MinutesReinforcing steel prices saw varying declines across most sizes during the month of July, while electrical wires and cables recorded increases and lumber prices tended to decline, according to data from the Average Prices of Goods and Services bulletin issued by the General Authority for Statistics. Price movements during the month reveal a clear divergence among different categories of construction materials, with rebar … Read more

Cement prices fell while sand and concrete block prices rose last month

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Cement

Reading time: < 1 MinuteCement prices fell in July on a month-over-month basis, coinciding with a rise in the prices of several types of concrete, sand, and concrete blocks, according to data from the “Average Prices of Goods and Services” bulletin issued by the General Authority for Statistics. Cement Prices Continue to Fall: The price of black cement in July fell by 1.2% compared to the previous month, settling at 15.5 riyals. The decline extended to white cement, … Read more

Infographic | The Difference Between the Previous and Updated Qualification Requirements for Real Estate Brokerage

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Reading time: < 1 MinuteThe Saudi Real Estate Institute clarified the differences between the previous and updated qualification requirements for the foundational level of the real estate brokerage track, including training programs, the duration and format of training, as well as the testing process and fees. According to the comparison, the training programs under the previous qualification requirements included real estate brokerage, real estate marketing, and online real estate marketing, whereas those at the foundational level of the real estate brokerage track now include real estate brokerage, real estate marketing, … Read more

Residential construction continued to grow in July for the third consecutive month

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Reading time: 3 MinutesThe latest Al Rajhi Capital index for the Saudi construction sector, in collaboration with S&P Global, showed that the sector maintained its expansionary trajectory in July 2026, despite the seasonally adjusted index falling to 55.2 points, compared to 56.3 points in June—a decline of 1.1 points, or 2%, on a month-over-month basis. Despite this decline, the index remained above the 50-point level, which … Read more

«Al-Dir'iya» Secures 2 Billion Riyals in Funding to Develop Hotel-Style Housing

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2 Billion Riyal Loan Agreement

Reading time: < 1 MinuteAl-Dir’iya Company signed a financing agreement with the Arab National Bank worth 2 billion riyals ($533 million) to support the development of a portfolio of hotel residences in the Al-Dir’iya and Wadi Safar projects, marking the first financing partnership between the two parties. The agreement aims to finance the construction of luxury residential units under international hotel brands, as part of Al-Dir’iyah Company’s plans to develop the assets and components of the project’s master plan, which extends … Read more

«Real Estate Balance» Enters Its Second Year... More Land and Less Pressure on Prices

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Real Estate Equilibrium Platform

Reading time: 4 MinutesThe Real Estate Balance Program is entering its second year in Riyadh, continuing an initiative aimed at rebalancing supply and demand in the real estate market by increasing the supply of planned residential land and offering it at prices not exceeding 1,500 riyals per square meter, The program aims to provide between 10,000 and 40,000 plots of land annually for a period of five years, which will help stabilize the real estate market and facilitate the transition… Read more

Real estate transactions jumped by 18% last week... What does the transaction breakdown look like?

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Real estate and towers

Reading time: 3 MinutesThe Saudi real estate market saw remarkable activity last week, with the number of real estate transactions increasing by 18% compared to the previous week, while the value of transactions rose by more than 400 million riyals. Although the average sale price recorded a modest increase, market activity revealed clear disparities among cities in terms of trading volume, the value of real estate transactions, and prices … Read more

A 50-million-riyal authorization limit and four days to review contracts... Key features of the new government competitive bidding and procurement system

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Reading time: 2 MinutesAs part of efforts to enhance the efficiency of procedures and increase flexibility in handling government tenders and procurement, the new government tender and procurement system includes a series of amendments aimed at accelerating the procedural cycle, expanding the scope of delegation, improve contracting and procurement methods, as well as empower the private sector, support equal opportunities, and promote economic development. According to the Ministry of Finance, the most notable elements included in the system are… Read more

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