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09/10/2023

Riyadh - Business - Localization of real estate activities and professions
U.S. Real Estate - Home Sales

New home sales in the U.S. fell last month

Ministry of Commerce: Home sales fell to an annualized rate of 679k and median prices fell to $409.3k.

Hamza Ghanbam Real estate articles

Real estate articles: Marginalized Endowments. And the loss of rights

A call to rehabilitate endowment custodians, modernize instruments, and facilitate financing to restore benefits and protect the rights of beneficiaries

Matar Al-Shammari, Old Buildings - Real Estate Marketing

Real estate articles: Documenting your lease preserves your rights and protects you

The electronic documentation of standardized contracts protects the rights of the lessor, tenant and broker and facilitates litigation and enforcement through the Ejar platform.

Abdulrahman Al-Qout - Real Estate Sales - Multiple Options - Selling Residential Units

Real estate articles: Suburban development outside of cities and the fiscal and demographic impact

The benefits of peri-urban sprawl on the local economy, housing quality, and reducing dependence on cities

Residential program

93,622 families benefited from the residential program in the first 11 months of 2023

In October, 11,073 families benefited and 8,122 occupied their first homes through various support and financing packages

Off-plan Real Estate Projects Real Estate Contributions

32,000 real estate brokers sign more than 108,000 brokerage contracts in 5 months

KDIPA has issued more than 117,000 advertising licenses, licensed 24 platforms, and carried out more than 9,000 monitoring operations.

100 housing units for the neediest families of development housing beneficiaries

An agreement between Ma'awa and Arab National Bank to build 100 houses within the "Rahab" project to serve the beneficiaries of the housing program.

Real Estate Marketing - Lana Al-Shabaneh - The Line

6.6 million residential leases in the online network

Public Authority for Real Estate: Total contracts documented in Ejar exceeds 8 million and 2023 is the highest year with 2.8 million

Real Estate Marketing - Lana Al-Shabaneh - The Line

747,000 households benefited from mortgage subsidies

Ministry of Affairs: More than 1.5 million families have benefited until 2023, and 160,000 units have been offered under the «Housing and More» program.

Ministry of Municipalities and Housing - Group Housing Requirements

Ministry of Municipal Affairs approves rules and regulations for public benefit markets

Rules outlining the criteria for establishing new markets, setting up seasonal markets and auctions, investor obligations and licensing.

CEO of the General Real Estate Authority Engineer Abdullah bin Saud Al-Hammad

Al Hamad: Wafi projects have provided more than 1.25 million licensed units under construction since 2018

He pointed to the documentation of 8 mn rental contracts since 2018, and the growth of tourism to 70 mn visitors with a target of 100 mn.

National Housing Company (NHC) CEO Mohammed bin Saleh Al-Batti

National Housing: Developing 200 million m2 of land to provide 124,000 housing units

CEO: 65 thousand units sold on the map, cooperation with 58 developers, and purchase orders exceeding one billion riyals.

Roshan Real Estate Company - Residential Projects

ROSHN introduces a new off-plan home ownership program in its communities

Agreement with Al Ahli Bank allows employees to buy units under construction at ROSHN projects to support Vision 2030

White Land Fees

Residential program provides 3060 free residential lands to Saudi families

Electronic distribution included Qassim, Jizan, Sharqiya, Riyadh, Najran and Northern Borders governorates.

Sidra Neighborhood Roshan Agreement

ROSHN signs agreement to develop residential units in Sidra Neighborhood Community

ROSHN and Ajdan agree to develop 302 villas in Sidra neighborhood worth SAR 318 million in 36 months

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