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70 thousand real estate transactions in the residential sector during the first half

Reading time: < 1 MinuteSpecialized reports showed that the volume of transactions in the residential sector during the first half of 2023 decreased by 32% compared to the previous year, recording 70 thousand transactions during 6 months, while 103 thousand transactions were recorded during the same period last year.

31/07/2023

Residential Sector Index

More than 8,700 Saudi families benefited from housing subsidies last month

The number of households that moved into their homes reached 14,160, with an average daily execution rate of 507 contracts for housing products

Public Authority for Real Estate logo

Notice period applies to all existing residential leases

Landlords and tenants are required to give one year's notice for non-renewal and automatically extend contracts to complete the required statutory period

Ministry of Municipalities and Housing

«Municipalities and Housing»: 8,427 Saudi families benefited from housing subsidies last month

The Ministry clarifies the distribution of beneficiaries to the regions, an average of 428 housing contracts per day, with «Sakany» contracts exceeding one million since 2017

«Enforcement oversees 60 real estate auctions to liquidate and sell more than 631 assets in 13 regions

The center organizes auctions in 13 regions to sell residential, commercial and agricultural assets, led by Riyadh with the number of auctions and properties offered

Al Haidari Company Logo Image

15 unique real estate opportunities in the «Jeddah e-Auction»

Rushen

«ROSHN signs strategic partnerships to sell and develop land in Sidra community worth more than SAR 1.3 billion

Agreements with local developers to build residential and commercial projects on more than 72,000 m² in Sidra, in support of Vision 2030

Aqarna's logo

24 real estate opportunities in the «East Riyadh» auction»

Residential platform

«Residential» introduces «Seventh Neighbor» service to promote the concepts of neighborliness and community communication during Ramadan

Real Estate Platform launches an in-app digital service to connect neighbors, organize events and send gifts to strengthen social ties during Ramadan

The Custodian of the Two Holy Mosques and the Crown Prince

The Custodian of the Two Holy Mosques and His Royal Highness the Crown Prince launch the «Al Joud from Us and Among Us» campaign with generous donations

Royal donation of SAR 150 million through Joud Housing platform to support the provision of adequate housing and promote stability for deserving families in Saudi Arabia

White Land System Logo

Infographic: Advantages of the Virtual Branch of White Land Fees Digital services without a physical presence

A digital platform that enables white land owners to complete transactions and communicate visually and in writing securely, without the need to visit branches.

Within a week. 48 real estate auctions to liquidate and sell more than 600 assets in 12 regions

The center oversees auctions for residential, commercial and agricultural properties in 12 regions, including Riyadh, Mecca, Sharqiya and Qassim.

Emir of Sharqiya inaugurates the New Dammam project with an estimated investment of 98 billion riyals

The project includes (8) residential neighborhoods, containing (15,791) residential plots, (5,210) investment plots, and (1,389) commercial plots.

New Horizons for Education in the Sidra Community «ROSHN launches King's College Riyadh»

The new school covers all grade levels in the Sidra community and supports ROSHN's plans to expand private education in line with Vision 2030

Rabbit & Artex

«Rabit Real Estate launches sales at Riyadh 2026 Restatex»

Spread over an area of more than 9,744 square meters, the project includes 40 residential units designed according to the highest standards of modernity and luxury

Al-Haqeel at the Public Investment Fund Forum: Investment opportunities in housing exceed 250 billion riyals

The size of the municipal sector is large, overseeing more than 7 million workers and more than 970,000 establishments, working in 2,450 professions

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