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What are the reasons for high residential rental prices in Saudi Arabia?

Reading time: 3 Minutesتشهد المملكة العربية السعودية في الفترة الأخيرة ارتفاعًا ملحوظًا في أسعار الإيجارات السكنية، وهو ما أصبح يشكل تحديًا للعديد من الأسر والمقيمين في مختلف مناطق ... Read more

Population growth, large development projects, rising construction costs and economic policies have led to a significant increase in housing rents

29/09/2024

Free housing unit

Al-Hogail launches “Jodak meets” campaign to provide housing units for those in need

The campaign aims to provide 1,000 housing units during the Hajj season for the neediest families and promote the role of developmental housing.

Mortgage Loan - Housing Units

Sultan bin Abdulaziz Charity Foundation delivers a number of housing units documents to beneficiaries

The charitable housing project in Al Ghat includes 71 units, with the supervision of the Al Ghat Association and educational and vocational initiatives for the beneficiaries.

With revenues exceeding half a billion riyals. “Reemat Riyadh Development signs contracts for outdoor advertising on buildings and white lands

A second package of outdoor advertising contracts worth more than SAR 500 million, including building signs, taxis, and white land.

ROSHN launches show villas in Warfa Community and invites customers to see the quality of the designs

Roshan Group is opening show villas in the Warfa community in East Riyadh to allow visitors to view eight styles of homes.

Housing organization - housing unit

“Sakan showcases its housing solutions at IENA

Jawood Housing offers digital housing solutions for vulnerable families and invites individuals and organizations to contribute transparently

Saudi Central Bank

SAR 800 billion in residential real estate financing by the end of Q1 2024

New mortgages worth SAR 33.1 billion were provided in the first quarter, with about 78% going to individuals

ROSHN and SIMAH sign a cooperation agreement to facilitate home ownership

The agreement allows Qarar to provide comprehensive credit data and ratings to enable buyers to make informed financing decisions.

Real Estate Development Fund

59.5 billion riyals total value of housing subsidies in the Kingdom in 7 years

The Real Estate Development Fund deposited 978 million riyals in the accounts of the beneficiaries of the "Residential" program for May 2024.

Mortgage Loan - Housing Units

How to get your first home certificate and how to get the exemption

Steps to obtain an electronic first home certificate and the procedure for submitting it for tax exemption and eligibility requirements

National Housing Forum for Real Estate Supply Chains

First Day's Harvest 4 sessions to boost real estate growth at the National Housing Forum

Under the patronage of Minister Majid Al-Hogail, National Housing organized an event on May 20-21 to foster partnerships and develop integrated housing projects.

Real Estate Advertising Regulations

Infographic: Know your rights in real estate sales and leasing

KDIPA showcased the off-plan sales and leasing system and workshops explaining customer rights and licensing procedures.

Residential program

Residential program clarifies eligibility for subsidies if there is a land title deed

Sakani confirms that the existence of a land deed in the name of the applicant or one of his family members does not prevent the entitlement to housing subsidies.

Actual Rental Housing Units - Mortgage Loan

Statistics: Actual housing rents in the Kingdom rose 10.4% last month

Rising villa rents push the housing index 8.7% and monthly inflation increases 0.3% while annual inflation stabilizes at 1.6%.

Real estate auctions

Enforcement oversees 29 auctions to sell 286 residential and commercial properties in several areas

In-person and online auctions from May 15-20 showcasing 286 residential and commercial properties and 117 vehicles in seven regions.

Rent - Residential Contracts - Refunds

Ejar clarifies a new way to pay rent from tenant to landlord

Clarify ways to pay rent by remittance or electronically (mada, SADAD, Apple Pay), with registration steps and contract fees.

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