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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
General Authority for Statistics - Residential Rental Prices

Saudi Arabia's housing rents rise 10.5% in March

General Authority for Statistics: Rental increases pushed annual inflation up 21% and the real estate index rose 0.6%.

Real Estate Marketing - Lana Al-Shabaneh - The Line

SAR 425 million worth of first home ownership contracts during the first quarter

Comprehensive residential centers recorded ownership contracts of more than 425 million riyals and provided more than 18 thousand units

White sofa

A white sofa adds aesthetic and psychological appeal to your living room

It gives living rooms a sense of spaciousness and balance and blends in with different decor colors.

Territory

Conditions for obtaining a free plot of land And how to apply

Eligibility requirements for the free land allocation, steps to apply via Baladi app and platform, and the duration of the application process

Real Estate Deals in Dubai Land

AED 44.52 billion in off-plan real estate transactions in Dubai during the first quarter

The value of trades increased 24% and the number of trades increased 27,48% to around 20.54k, according to WP3T.

Residential program

How to Get Housing Subsidy Financing Conditions and registration steps

Details of the eligibility conditions, required documents and steps to apply via Sakani platform for beneficiaries

Residential program

More than 34 thousand visits to “My Comprehensive Housing” centers in the first quarter of 2024

Centers in Riyadh, Jeddah, Khobar, and Madinah entered into ownership contracts worth more than SAR 425 million and constructed 58 projects as of the first quarter

Home Finance - Real Estate Loans - Residential Projects - Residential

worth 4.61 billion riyals. Villas accounted for the largest share of residential financing in February

SAMA: New residential financing fell 2.9% to 7.21 billion riyals in February as contracts fell to 9.80K.

Saudi Central Bank

7.21 billion riyals worth of new housing finance in February

Annualized decline of 2.9% as villas accounted for 4.61 billion riyals of new housing financings.

Prince Mohammed bin Fahd Affordable Housing Project

Prince Mohammed bin Fahd's Affordable Housing Project provides new housing for needy families

During 2023, the project delivered 20 units in the Eastern Province and includes 148 residential units, of which 130 are occupied.

National Housing's Tabuk Valley Project

“National Housing announces the sale of more than 98% units of the Tabuk Valley project

The completion rate of the project has reached 70% and includes 501 villas with areas of 203-245 m² on an area of more than 145,000 m².

“Nafaa delivers 974 families their housing units in cooperation with the Development Housing Program

974 families benefited from developmental housing through the association after inspecting 177 units in preparation for handing them over to the beneficiaries.

Off-plan sales

“Wafi issues 750 qualification certificates for off-plan sales and leasing in 2023

Announced via its X account the distribution of certificates: 350 companies, 189 engineering consultants, 152 chartered accountants, 59 marketers.

Sakan signs a tripartite agreement with the Ministry of Housing and the Martyrs Fund

Sakan signs a tripartite agreement with the Ministry of Housing and the Martyrs Fund

A tripartite agreement to provide 700 housing units for needy families in different regions of the Kingdom.

Residential program

Residential program reveals 3 conditions for the state to bear the real estate transaction tax

The state bears the tax for citizens registered in Absher and on the first home only, excluding land and self-construction

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