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With sales exceeding half a billion riyals, Sumtech closes the largest online real estate auction in the Kingdom

Reading time: < 1 Minuteأغلقت منصة سومتك للمزادات الإلكترونية مطلع هذا الأسبوع مزاد مخطط النخيل، تحت إشراف مركز الإسناد والتصفية "إنفاذ" أكبر المزادات العقارية الإلكترونية في المملكة العربية السعودية، بقيمة إجمالية تجاوزت 600 مليون ريال. حيث بلغ عدد المسجلين في المزاد +2300 مسجل وعدد المشاركين في المزاد +600 مشارك، ووصلت أعداد المزايدات +18000 مزايدة، وبلغ عدد القطع 381 قطعة أرض.

12/06/2023

Online Real Estate Auctions
Real estate loans

846,480 billion riyals, the volume of real estate loans by the end of the third quarter 2024

According to the Central Bank Bulletin: Annual growth 13%, quarterly growth 4%, individuals 77.6% and companies 22.4%.

Britain

UK real estate makes strong gains in 2024 Potential volatility in 2025

House prices rose 4.7% year-on-year in December with sales expected to jump and volatility due to a stamp tax change.

Real estate stock exchange

Real Estate Exchange Harvest in 2024 Millions of users and billion-dollar deals

More than one million users, SAR 399.7 billion worth of transactions through 345.9 thousand transactions and 1.52 billion square meters traded

Saudi Central Bank

SAR 10 billion in new residential real estate financing for individuals in November

SAMA data shows strong growth in retail housing finance, average loan size rises as finance companies retreat

In detail... Real Estate Training Forum after the conclusion of its activities

The Public Authority for Real Estate concluded a forum in Riyadh with discussions on enhancing training, innovation, technologies and artificial intelligence to raise the sector's competitiveness.

REITs' assets hit SAR 29.263 billion by the end of the third quarter

Total assets of investment funds amounted to 160,087 billion riyals by the end of the third quarter with a year-on-year growth of 37%.

Evaluation Logo - Saudi Organization for Certified Valuers

Saudi Commission for Certified Valuers holds a ceremony to honor the fellowship certificate holders

Under the patronage of Minister of Finance Mohammed Al-Jadaan, 565 appraisers were honored for completing the requirements of the fellowship certificate in the branches of appraisal.

Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

JLL report reveals: 7 indicators that highlight the growth of the Saudi real estate market

The report highlights rising prices and rents, growing residential supply, declining vacancies and a booming hospitality sector.

Saudi Real Estate Refinance signs an agreement to purchase a SAR 1 billion financing portfolio

An agreement with Bedaya to purchase a SAR 1 bn portfolio to boost mortgage liquidity and support the housing program.

Steps to delete and update individual data in the housing registry via Absher

دليل عملي لحذف وتحديث بيانات السكن عبر منصة أبشر، مع الإجراءات المطلوبة والمستندات وطريقة التحقق.

Dubai - Real Estate Deals and Sales 

AED 22.7 billion in real estate transactions in Dubai in one week

Highest weekly value in Dubai's history: 4955 transactions including 12.8 billion sales and AED 9.1 billion mortgages.

Matar Al-Shammari, Old Buildings - Real Estate Marketing

Video | Real Estate Substitution Product in Finance. A flexible solution for getting rid of bad debts

The entry of a third party allows real estate debts to be paid off with an assessment of the market value and any positive difference to be paid to the assignor.

Badr Aborgaba Alotaibi Real estate brokerage

Real Estate Brokerage Facilitating the contractual relationship

Brokers must have legal expertise and professional ethics to connect buyers and sellers, revitalize the market, and stabilize prices.

Abdulrahman Al-Qout - Real Estate Sales - Multiple Options - Selling Residential Units

When the architects of NEOM speak

Field report on NEOM technologies and sustainable projects in Oxagon: Autonomous transportation, renewable energy, investor insights, and teams.

Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

Real estate investment: A Beginner's Guide to Building Wealth

Real estate strategies and types, financing, returns and risks for a successful investment start

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