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Housing: 20 billion riyals to attract Korean companies and build 100,000 housing units

Reading time: 2 MinutesThe Ministry of Housing has stepped up engagement via internal and external partnerships to accelerate the pace of solving the housing crisis, with South Korea's Yonhap news agency reporting that... Read more

26/03/2016

Residential program

Residential: More than 100,000 families will benefit from the program in 2023

In 2023, 98,475 families were able to move into their first home with multiple financial support packages and services.

National Housing: More than 19,000 housing units sold in Khuzam Suburb“

Sales exceeded 95% with a value of more than 15 billion riyals in 23 projects on an area of 30 million square meters.

Real Estate Marketing - Lana Al-Shabaneh - The Line

 Starting today. Paying residential leases electronically

Payments for new residential leases will be made exclusively through Ejar's digital platform starting January 15; commercial leases are excluded.

Rent - Residential Contracts - Refunds

3 % Rise in real estate evictions in Saudi Arabia due to rental defaults in 2023

There were 33.6K requests for the execution of unified rental contracts, of which Riyadh accounted for 37%.

Promising program

National Housing celebrates the graduation of its third cohort of the Wa'ad program

85 trainees completed the Wadeed program at National Housing Company, receiving monthly bonuses, medical insurance, and employment opportunities.

Rent - Residential Contracts - Refunds

Steps to pay residential rents electronically and register on the Ejar platform

KDIPA and Ejar clarify the payment mechanism through SADAD and the procedures for registering and documenting rental contracts electronically.

Real Estate Registration - Land Registry

Real estate stock exchange: Residential sector to account for more than half of real estate transactions in 2023

Real estate transactions in the Kingdom fell 17.8% numerically and 5.3% in value to 337.9 billion riyals in 2023.

Top 9 must-have devices to buy when setting up a smart home

A guide to the essential devices for creating a smart home with the basics of choosing them: Compatibility, features, and price.

Investors in real estate

How do real estate brokers benefit from virtual reality apps?

VR apps make it easier for brokers to conduct virtual tours, expand the buyer base, save time and increase sales opportunities.

Saudi Central Bank

SAMA: 74.28 billion riyals in new residential mortgages for individuals in 11 months

New housing finance fell 36.36% and funded contracts fell 34.67% during January-November 2023.

Rent - Residential Contracts - Refunds

January 15 is the date to pay rent for residential contracts through digital channels

KDIPA limits the acceptance of new residential contract payments to digital "Ejar" and gradually eliminates the issuance of receivables.

Fahad Mohammed Bin Awein - Real Estate Articles

Real Estate Articles Real estate articles: Achieving housing security

Rising real estate prices are hindering home ownership, and the Ministry of Housing is taking measures to address it.

Amlak 279 Residential suburbs

More than 12 residential suburbs in line with the new concept of urban development

New housing projects with millions of square meters of suburbs and hundreds of thousands of units to support 70% ownership by 2030

Housing Projects 2023

  The achievements of housing programs and projects have drawn the map of the real estate sector

Since 2018, housing programs have expanded housing supply and financing and created new cities to support achieving 70% ownership.

Residential program

964 million riyals deposited in the accounts of “Residential” beneficiaries for the month of December

The Real Estate Fund allocated the subsidy to the profits of subsidized financing contracts; total deposits since 2017 are about 55 billion riyals.

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