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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
Residential program

“Damanat signs cooperation agreement to activate off-plan sales guarantee product for individuals

"Damanat and Al Rajhi Bank sign an agreement to promote real estate financing and enable citizens to own homes.

Real estate fund

New agreement between “Real Estate Fund” and ”Sakani” for technical linkage and development of digital services

An agreement was signed between the Real Estate Fund and Sakani to enhance digital services and improve the beneficiaries" experience.

Cityscape 2025 Riyadh

Cityscape Global 2025 concludes with $63 billion in deals

Cityscape Global 2025 wraps up with USD 63 billion worth of deals in real estate.

Bank Albilad - Saudi banks participate in Cityscape

Banks participate in Cityscape Global 2025 in Riyadh Innovative services and flexible financing

Saudi banks participate in Cityscape 2025 to promote real estate financing and support development projects.

Cityscape 2025 Riyadh

at Cityscape Riyadh Real estate deals worth SAR 161 billion boost Saudi Arabia's real estate sector

Real estate deals worth SAR 161 billion boost the growth of Saudi Arabia's real estate sector at Cityscape Riyadh.

Real Estate Development Fund - Housing Subsidies

Under the patronage of the Minister of Municipalities and Housing Signing a tripartite agreement to create an advanced platform for real estate financing

Signing an agreement to create an advanced real estate finance platform to enhance the sustainability of the sector in Saudi Arabia.

Leasing Brokerage in Saudi Arabia A market that is confidently expanding towards digital transformation

Saudi Arabia's leasing brokerage industry is expected to grow to 2025 with digitalization and improved transparency.

Institutional real estate brokerage completes more than 1 trillion riyals of transactions through July

Saudi Arabia's real estate brokerage industry to record more than SAR 1 trillion in transactions by July 2025 with remarkable growth in the market.

Royal Commission Riyadh - Real Estate Balance

What are the reasons why some applicants are not eligible to buy residential plots from Tawazun Real Estate Platform

Reasons why some applicants are ineligible to buy residential lands in the Riyadh real estate balance platform.

Mortgage in Saudi Arabia. Accelerating Growth Supports Residential Ownership Goals under Vision 2030

Saudi Arabia's mortgage growth of 15% and increasing home ownership to 63.7% by the end of 2023.

Real estate insurance in Saudi Arabia. A shield for the market and an engine for sustainable growth

A record rise in real estate insurance premiums in the Kingdom with a growth rate of more than 80% during the third quarter of 2024.

Real Estate Development Fund - Mortgage Loan Installments

Affordable Mortgage Program How do you benefit from first home financing?

The Real Estate Development Fund announces the benefits of the Easy Mortgage Program to support citizens' ownership of their first home.

New home financing from banks for individuals to move up 15% in September

Residential financing for individuals in Saudi Arabia decreased by 15% in September 2025 compared to the previous year.

Residential program

Public Investment Fund signs memorandum of understanding to enhance cooperation in the real estate sector

The Public Investment Fund signs a memorandum of understanding with Jones Lang LaSalle to boost Saudi Arabia's real estate sector.

Riyadh

Saudi Arabia's Retail Residential Mortgage Finance Growth 23.3% through September 2025

Residential mortgage financing for individuals in Saudi Arabia increased by 23.3% during September 2025 compared to August.

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