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Agreement with a U.S. organization to provide housing solutions in accordance with mortgage regulations and conditions

Reading time: < 1 MinuteSaudi Mortgage Refinance Company (SMRC), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced a cooperation and experience sharing agreement with the U.S. Department of Housing and Urban Development's National Mortgage Association (NMA) and Ginnie Mae. The agreement aims to share best practices and experiences within the framework of the policies, regulations and conditions of mortgage financing that regulate the work.

10/06/2023

Saudi Mortgage Refinancing
Ministry of Municipalities and Housing - Group Housing Requirements

“البلدية والإسكان” تستهدف زراعة أكثر من 1,3 مليون شجرة في الضواحي السكنية

ضمن مبادرة السعودية الخضراء وبرنامج جودة الحياة، أنجزت الوزارة المرحلة الأولى بزراعة أكثر من 350 ألف شجرة.

U.S. real estate prices

أسعار العقارات الأمريكية ترتفع إلى مستويات ما قبل جائحة كورونا

ريدفن: أسعار المساكن ارتفعت 0.6% في فبراير لتعود إلى وتيرة ما قبل الجائحة رغم ارتفاع معدلات الرهن.

Corporate Social Responsibility Unlimited support for housing construction

Real estate experts praise the role of companies, funds and regulatory bodies and suggest deducting a portion of profits to support housing

Social Responsibility Profile - Developmental Housing

Developmental housing: 100,000 beneficiaries from the neediest families

Jawood seeks to provide more than 10,000 housing units during Ramadan and has provided 1,362 units so far.

Real Estate Development Fund - Mortgage Loan Installments

Video | Real Estate Fund deposits 963 million riyals in the accounts of residential beneficiaries for March

The amount is earmarked for the profits of contracts for housing support programs, and the total payments since June 2017 amount to about 57.5 billion riyals.

Dubai - Real Estate Deals and Sales 

Dubai's luxury real estate sales top the list of global markets for 2023

The emirate had 384 sales worth USD 6.70 bn during 2023, and Q4 recorded 108 sales above 10 mn.

Residential Field Exhibition

Photos | Residential Field Exhibition Launches in Riyadh's Roshan Oasis

The event allows Saudi families to learn about ownership and financing solutions and connect directly with developers and financial advisors

Residential program

For new beneficiaries. Steps to register on the platform to get support and how to inquire

Simplified instructions for registration and electronic inquiry on the Sakani platform to obtain housing subsidies up to 100 thousand riyals.

General Authority for Statistics - Residential Rental Prices

Rental prices in Saudi Arabia rise 10% in February

General Authority for Statistics: Rising villa rents 9.1% contributed to February's annual inflation, with housing weighing 21%.

Emir of Qassim hands out developmental housing units

Emir of Qassim hands over 115 housing units to beneficiaries of the developmental housing program

Units donated by businessman Abdullah Al-Othaim to beneficiaries of the development housing program in the presence of government officials.

Secretary General of Wafi Committee: Completion of more than 3600 housing units for 42 projects

Wafi has pumped more than 100,000 units in 2023 and completed projects grew by 650% with private sector participation 51%

Residential program

22,000 families have benefited from the housing program and more than 16,000 have occupied their first home since the beginning of 2024

Sakani provides non-refundable subsidy packages up to 150,000 riyals and integrated e-services to facilitate ownership by Saudi families.

National Housing launches Al Asala project

With prices starting from 459 thousand riyals. “National Housing launches Al Asala project in Riyadh

It includes 670 residential units, more than 330,000 square meters of green spaces, and a strategic location south of Riyadh.

Sakan wins global Stevie Award

SCAN wins the 2024 Global Stevie Award

The organization received the award for its "My Business Platform" initiative for innovation in technology management, planning and implementation in Ras Al Khaimah.

Off-plan sales

Infographic | Wafi licenses more than 100 thousand real estate units for sale on the map in 2023

434 licenses issued for 101,942 off-plan real estate units in 2023, with significant growth in SME licenses.

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