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Knowledge Bank - Real Estate is the locomotive of the economy

Reading time: 2 MinutesInvestors and businessmen have long sung the praises of the real estate industry and called it many nicknames, including the righteous son, the safe haven, the best decision, and the real estate as the locomotive of the national economy in any country.

06/06/2023

Sami Abdulaziz - Real Estate Articles
Imad Al-Abdalrahman - Economic Journalist - Riyadh Metro - Foreign Investment in Real Estate - Elevators - Amlak Real Estate Newspaper

Real estate post-rental services Challenges and ambitions

Saudi Arabia's rental sector faces staff shortages, maintenance delays and poor communication with opportunities for improvement through technology and training

9 شروط للحصول على القرض العقاري المدعوم .. تعرف عليها

تفاصيل الأهلية والشروط التسع للقرض المدعوم تشمل الجنسية، العمر، الدخل الثابت، السجل الائتماني والتسجيل في الإسكان.

Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Details of the Real Estate Fund's launch of a service to extend the deadline for disbursement of financing payments

An e-service that enables beneficiaries of "self-construction" and "land and loan" who exceed 36 months to request an extension of up to 16 months within 90 days.

Saudi Central Bank

SAR 160 million in real estate financing granted by companies to individuals in June

Down 36.5% from May, the first half of the year recorded 1.32 billion riyals in corporate real estate financing.

Documents required to obtain a mortgage from the Residential Program

Proof of identity, income, marital status, and property required to complete the financing application.

Residential program

Conditions for obtaining a mortgage from the Residential Program

Eligibility criteria for subsidized financing include: Nationality, age, non-ownership, proof of income and passing a credit check.

Saudi Central Bank

SAR 5.3 billion in real estate financing provided by banks to individuals in June

31% decrease in monthly financing compared to May, spread across 274.7 contracts with villas taking the largest share.

General Authority for Statistics - Residential Rental Prices

Statistics: Real estate prices rise by 1.7% in the second quarter of 2024

The residential sector leads the rise with 2.8% in Q2 while commercial declines 0.4%.

Imad Al-Abdalrahman - Economic Journalist - Riyadh Metro - Foreign Investment in Real Estate - Elevators - Amlak Real Estate Newspaper

 Foreign investment in Saudi real estate 

Foreign investment inflows bring new designs, expand real estate supply, and support the goals of Saudi Vision 2030.

“Enforcement oversees 26 auctions to sell 324 properties in several areas next month

مزادات حضورية وإلكترونية لبيع 324 عقارًا ومركبات في 12 منطقة بالمملكة من 1 حتى 10 أغسطس 2024.

Al Fursan suburb

Infographic | SAR 8 billion in sales in Al Fursan suburb since the project's launch

It has sold more than 60% of units, exceeding 7000 units, and includes 22 projects with services and large green spaces.

الحقيل يدشن منتج ضمان تمويل مطوري مشاريع البيع على الخارطة لتحفيز المعروض العقاري

مرخّص من هيئة التأمين لتعزيز المعروض السكني وتمكين الشراكات التمويلية وتحفيز تملك المواطنين.

Real Estate Brokerage System Forum 2

President of the Real Estate Authority: 605 billion riyals of real estate transactions since the implementation of the real estate brokerage system

The system achieved 17% growth, documented 3.5 million transactions, issued 35,255 licenses, and licensed 52 platforms

Ministry of Justice - Real Estate Exchange

أكثر من 210 آلاف صفقة عبر البورصة العقارية في 6 أشهر

وزارة العدل: البورصة توفر بيانات لحظية وخدمات توثيق رقمية متاحة على مدار الساعة.

Cadastre

Land Registry signs 3 agreements to enable real estate technology Details

The agreements give real estate tech companies access to registry data to develop AI-powered real estate indicators and services.

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