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Foundation Day Developments in the Saudi real estate sector

Reading time: < 1 Minuteيوم التأسيس.. تطورات القطاع العقاري السعودي روان الزهراني يوم التأسيس: رحلة عبر الزمن للاحتفاء بجذورنا العريقة في الثاني والعشرين من فبراير من كل عام، يُشرق ... Read more

Since the Ministry of Works was established in 1953, it has implemented huge projects (NEOM, Red Sea, King Abdullah City), and Vision 2030 promotes investment.

22/02/2024

Foundation Day Rawan Alzahrani
Britain

UK house prices record highest growth in two years

3.7% annual increase in November 2024 driven by improved lending and rising wages despite supply pressures

Off-plan sales

Off-plan leasing license required to practice the activity

Wafi requires the issuance of a license before renting or offering real estate units on the map to protect rights and regulate the market.

Record high. Individuals account for the largest share of real estate loans

Mortgage loans amounted to 846.48 billion riyals by the end of the third quarter with a year-on-year growth of 13.29%, and individuals accounted for 77.6%.

Residence - Cityscape Global

79 volunteers from Sakan tour Cityscape to introduce the organization with 474 volunteer hours

Volunteers provided 474 volunteer hours over four days at Cityscape and generated an economic value of SAR 19,908.

Residential program

Real estate registry for 11 neighborhoods in Riyadh to be completed Next Thursday

KDIPA invites owners of declared neighborhoods to register their properties through the rer.sa platform to document ownership and avoid fines.

71.19 billion riyals of new housing finance in 10 months of 2024

5.75% increase in housing finance and contract growth to 96.39K with banks leading the charge

Shaden Al Khair Auction - Auction House

“Auction House” offers 13 properties in the Shaden Al Khair auction

An auction featuring 13 properties with a price range of 217,000-498,000 SAR and held until Thursday 05/12/2024 from five to seven.

Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

100 thousand beneficiaries of housing subsidies next year

The 2025 plan includes the provision of 80,000 units and developed land, and the financing of 65 billion riyals to develop cities and infrastructure.

International Monetary Fund Riyadh office market

Infographic: Residential Electricity Consumption Statistics for 2023 And Riyadh leads

Statistics Authority Bulletin: Water heaters average 62.1 hours of operation per week, air conditioning 51.5 hours, and 92.1% of households are interested in energy conservation.

Al Fursan suburb

“National Housing launches sales in 10 new projects in Al Fursan destination northeast of Riyadh

National Housing launches 10 projects in Al Fursan, northeast of Riyadh, providing more than 5310 modern housing units.

More than one billion riyals deposited in the accounts of “Residential” beneficiaries for the month of November

The Real Estate Development Fund (REF) directs the subsidy of the profits of housing subsidy program contracts and launches financing with an interest rate starting from 2.59% and flexible payment options.

“Municipalities and Housing” launches a training program that ends with employment for the profession of group housing supervisor

Qualifying citizens for collective housing management skills with support up to 50% (SAR 3,000 limit) and university centers.

Mortgage Loan - Housing Units

How to Turn 5 Real Estate Mistakes into Golden Opportunities

Brandon Turner shows five real estate issues that can be turned into lucrative deals with simple fixes

Residential program

Amir of Tabuk hands over 533 housing units to development housing beneficiaries

In the presence of the Minister of Municipalities and Housing, he inaugurated development and investment projects in Tabuk with a total value of more than 474 million riyals

Infographic: More than 62,000 visitors to Cityscape 2024's residential pavilion

Sakany made presentations with more than 50 partners and achieved more than 65,000 downloads of its app during the exhibition

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