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09/10/2023

Riyadh - Business - Localization of real estate activities and professions

Eighth Arab Housing Conference concludes in Algiers with key recommendations

The recommendations called for sustainable urbanism, standardization of housing standards, creation of databases and support for social housing and eco-friendly materials

Residential program

Residential program clarifies how to reserve new plots and self-build conditions

The account and app explain the terms of self-building and its completion within 3 years while following the application process.

Infographic: Everything you need to know about Teeqan's building verification service

Riyadh Municipality launches Tiqn service via Madinaty app to verify building licenses, occupancy certificates and violations

Housing organization - housing unit

“SCAN hosts the eighth meeting of the Nonprofit Roundtable Leaders in the Nonprofit Sector

The meeting reviewed the year's results, made financial commitments, and discussed recommendations and partnerships to enhance the sector's role in Vision 2030

Prince Faisal bin Bandar hands over new housing units to beneficiaries of developmental housing in Riyadh

The ceremony included honoring major donors and announcing that 180 million riyals had been raised to support 4643 families in Riyadh.

Building license via Baladi platform

Infographic: Requirements for issuing a building permit for residential buildings according to the Saudi code

Hail Municipality clarifies the steps to issue a residential building license: A certified designer and supervisor, a qualified contractor, and an insurance policy.

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.

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