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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

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

Matar Al-Shammari, Old Buildings - Real Estate Marketing

Real Estate Articles Real estate articles: The right time to buy a home to live in

Tips for buying a home: Buy when you are financially ready, according to family needs and the balance of deductions and financing.

Saudi Central Bank

Residential real estate financing for individuals fell to 6.77 billion riyals last October

SAMA: Villas accounted for 66% of financing and total contracts fell 26% to 9.18K.

ROSHN and National Bank of Saudi Arabia

“ROSHN signs agreement with National Bank of Saudi Arabia to enhance housing finance programs

The agreement allows the bank to host employees at ROSHN's sales centers in Riyadh and Jeddah to introduce them to home financing options.

Real Estate Development Fund

53.9 billion riyals total support for the residential program since its launch in June 2017

Abdulrahman Al-Tawil, Undersecretary of the Ministry of Municipal and Rural Affairs and Housing

300,000 housing units expected to be built in Saudi Arabia by 2025

Residential Real Estate - Housing Subsidies

970 million riyals deposited in the accounts of beneficiaries of the residential program for the month of November

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