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“National Housing completes delivery of new housing units by the end of May 2023

Reading time: < 1 MinuteThe National Housing Company continued its strategy and plans to increase the ownership rate and keep pace with the growing demand for housing units in the Kingdom by announcing the delivery of new housing units for 25,000 families by the end of May 2023, in partnership with real estate developers

08/06/2023

National Housing Company
Residential program

964 million riyals deposited in the accounts of “Residential” beneficiaries for the month of December

The Real Estate Fund allocated the subsidy to the profits of subsidized financing contracts; total deposits since 2017 are about 55 billion riyals.

Real Estate Marketing - Lana Al-Shabaneh - The Line

Residential program: More than 90,000 families have lived in their homes since the start of the year

93,622 Saudi families have benefited as of November with immediate support packages in cooperation with the Real Estate Development Fund and financing entities.

Germany forcibly evicts more than 27,000 apartments for rent default

Government records 27,319 forced evictions in 2022, mostly in North Rhine-Westphalia; opposition calls for tenant protections

5 wall paint colors that make you feel comfortable and relaxed

Wall colors that improve mood and reduce stress: Yellow, green, pink, white and gray

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.

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