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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
Riyadh Chamber Workshop

With the participation of the spokesperson of the Real Estate Authority. Riyadh Chamber reviews the details of the real estate ownership system for non-Saudis

A workshop in Riyadh on August 5 to detail the provisions of the system and the executive regulations and prepare for their implementation in January 2026.

Saudi Arabia's real estate price growth slows in the second quarter despite a rise in the commercial sector

The overall index rose to 105 points and the commercial sector grew 11.7% while the residential sector slowed to 0.4%.

Real estate stock exchange

The real estate bourse. July trading reveals the appeal of low-priced real estate

Traded area jumped to more than 350 million square meters in July while value fell to SAR 25 billion

SAR 22 million decrease in real estate financing provided by companies in June

Total financing fell to 169 million riyals in June as contracts drop to 173 and annualized growth of 5.6% led by land

Saudi Central Bank

Real estate financing from banks to individuals fell by 2.2 billion riyals in June

SAMA: New housing finance declined 30.3% per month with year-on-year stabilization and land finance growth of 83%.

Real estate investment

11 tips for novice real estate investors to avoid losses

Practical tips to avoid beginner's mistakes in real estate investing and reduce financial and legal risks

3 Real Estate Opportunities at Auction

The August 13, 2025 auction in Riyadh and through the Saudi Auctions platform offers three real estate plots with more than 116 thousand square meters.

1.2 trillion riyals worth of real estate transactions within two years of the implementation of the brokerage system

The General Authority for Real Estate concludes the Brokerage Forum 2025 and announces more than 86 thousand licensees and 75 e-platforms

Infographic: The conditions to benefit from the Affordable Mortgage Program after its 3-year extension

The Real Estate Development Fund reduces the down payment to 5% for housing subsidy beneficiaries on units up to SAR 800K

Residential program

Ministry of Industry processes 601 applications for customs exemption last month

During June 2025, 601 requests were processed, including 1,722 items of raw materials and 13,765 items of machinery and spare parts.

Tayssir al-Mafraj: 8 million real estate transactions in a year. Brokerage is turning into a promising industry

More than 86,000 brokers and 75 licensed platforms support a real estate market with a transaction value of more than 1.2 trillion riyals.

Residential program

Enforcement Center oversees 74 auctions to sell 719 assets in 12 regions

Public auctions to be held between July 21 and 31, 2025 for 719 assets in 12 regions, details on the enforcement website

Saudi Central Bank

Banks and finance companies provide SAR 950 billion in real estate loans by the end of the first quarter

Mortgage loans recorded an annualized growth of 15% by the end of Q1 2025, with banks accounting for 97% and individuals for 76%.

How does the 3-year extension affect the real estate market?

It enables beneficiaries to finance up to 95% and reduce the payment to 5%, benefiting more than 114,000 citizens.

Majid Al-Hogail - Off-plan Real Estate Sale and Leasing System

Al-Haqeel: Mortgage program eases down payment burden on housing subsidy beneficiaries

Cabinet approves a three-year extension of the Affordable Mortgage Program; Al-Haqeel thanks the leadership, and opened the doors of stability for more than 114,638 families.

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