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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
Who is a real estate developer?

Ministry of Municipal and Rural Affairs and Housing issues updated requirements for the construction of residential buildings

These include increasing building ratios, reducing setbacks, and aligning licenses with the Saudi Building Code to improve safety.

Ministry of Municipalities and Housing - Group Housing Requirements

6,000 units owned by development housing beneficiaries in the first half of 2024

The ministry plans to pump more than 18,000 units in the second half and support thousands of families through development and volunteer programs.

Emir of Hail

Amir Hail hands over a number of housing units to development housing beneficiaries

Prince Abdulaziz bin Saad chaired the executive meeting of the development housing, reviewed the progress of projects in Al Mada'in and Baqaa neighborhoods, and honored the participating associations

Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

Infographic: Learn about residential land prices and real estate deals in 3 Saudi cities

Stock exchange data: Price per meter in Riyadh rose 12.8% and in Dammam fell 5% as deals fell.

Grandma

Infographic | Residential land prices and real estate transactions in Jeddah declined during the second quarter 2024

The average price per meter fell 15.6% to SAR 2,250, and deals fell 47% in Q2 2024.

Ejar - Ejar Platform

How to take advantage of Ejar's electronic “pickup and delivery” service?

Document the status of the unit at the beginning and end of the contract electronically by filling out a form and attaching documents and photos.

Residential financing for individuals in Saudi Arabia records SAR 36.28 billion and 48.92 thousand contracts in 5 months

Financing value increased by 3.86% and the number of contracts increased by 6.72%, supported by banks and the expansion of finance companies

Real Estate Registration - Land Registry

For real estate enthusiasts... When is the right time to buy real estate?

Pontigadia is taking advantage of the downturn in the real estate market to buy cheap assets and expand its real estate portfolio to around EUR 20 bn.

Ministry of Industry logo

Infographic: More than 31,000 certificates of origin issued in June

The ministry provides the certificate of origin service electronically for organizations, farmers, fishermen, and artisans through four forms.

Building license via Baladi platform

At $43.5 billion. Saudi Arabia's residential sector to dominate construction projects in 2023

The value of residential projects is expected to rise to USD 56.9 bn by 2028.

Haitham Bin Hamad - Haitham Bin Hamad

Key to Real Estate Broker Success

Practical strategies based on market analysis, seasonal marketing, and targeting tenants and investors to optimize sales and rental deals.

International Monetary Fund Riyadh office market

Infographic: A list of rental price changes in Saudi cities in a year

Al-Ekhbariya reveals rent changes between May 2023 and May 2024; Buraydah records the highest rise of 51%.

Real Estate Development Fund - Housing Subsidies

“The Real Estate Fund announces the ”Your Subsidy Equals Your Installment“ financing solution for under-construction housing units

New financing that matches the value of the beneficiaries' monthly subsidy to finance under-construction housing units.

Today... Real estate registration begins for 4,774 properties in 6 neighborhoods in Madinah

Landlords are required to register on rer.sa within 90 days until October 3 to avoid fines and obtain a property number.

Off-plan sales survey

Survey: Off-plan sales... A Real Opportunity for Ownership Or a risky venture?

Experts call for binding contracts and indemnities to protect buyers from delays and irregularities in the implementation of future units.

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