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05/11/2023

Riyadh - Business - Localization of real estate activities and professions

NHC and its partners to sell more than 2,53% worth more than SAR 26.7 billion in 2024

It has concluded more than 25.8 thousand sales contracts in its projects in more than 18 cities, supporting the goals of the housing program.

Ministry of Commerce - Saudi Companies

“Trade”: 521 thousand commercial records issued in 2024 with a growth rate of 60% compared to the previous year

The Ministry of Commerce issued 521,969 business records in 2024, of which 368,038 were for organizations, 153,931 for companies, and a total of 1,606,169 listings.

Statistics: Residential rents rose by 10.6% last month

Authority: Housing sector rises 8.9% driven by rents, meat prices jump 29% contributing to inflation

Iraq to launch 1.5 million housing units by 2026

Construction of 1.5 mn housing units will begin in 2025-2026 as the housing fund is strengthened and new loan batches are launched.

Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Real Estate Fund: 12.2 million electronic transactions to facilitate home ownership in 2024

It was implemented across multiple platforms, included services and exchanges in partnership with the housing ecosystem, and received National Enterprise Architecture accreditation.

62.9 billion riyals the volume of financing for beneficiaries of housing support programs in 2024

Financing rose 16.4% and the number of contracts jumped to 89K with the support of housing programs through 2024

“Real Estate Fund”: 20 % growth in financing contracts for housing support programs in 2024

89,000 beneficiaries signed contracts worth SAR 62.9 billion, with three new financing solutions to be launched in 2024.

Rebiz Real Estate Company - Auction

Rabeez Real Estate Company to auction 16 residential properties next Tuesday

An online auction to sell 16 residential properties from January 14-16, 2025 via Mubasher Auctions.

Riyadh Municipality approves 19 residential plans with an area of more than 13.5 million square meters in 2024

More than 17,000 housing units have been secured and 18,248 building permits have been issued as the number of plots expands.

Real Estate Sorting Program

Steps and requirements for sorting real estate units through Sakani platform

Sakani allows owners and developers to organize units and issue deeds electronically according to specific requirements and fees.

U.S. Real Estate - Home Sales

U.S. home sales jumped sharply in November

Pending sales increased 2.2% in November to 79, the highest level since February 2023, and inventory rose 18%.

SAR 81.45 billion in housing finance provided to individuals in 11 months

Housing finance grows 9.65% and contracts rise to 109.76K, with banks leading the way.

Real estate investment

Real estate expert Matar Al-Shammari offers real estate tips for buying real estate

He emphasized that the decision to buy depends on financial readiness, and advised that the finance installment should not exceed 35% of the salary.

NHC launches a new project in Al Mashreqiya destination east of Riyadh with prices starting from SAR 225K

The project includes 468 units on more than 65,000 square meters with educational and recreational facilities and areas up to 239 m².

36 Real Estate Opportunities at Cordoba Jewels Auction

A physical and electronic sale in Riyadh on January 14, 2025 for residential plots near King Khalid Airport and Princess Nourah University

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