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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
National Housing Company

National Housing: Sales of the first phase of Murcia Zone 4 exceed half a billion riyals

Reservations for the first phase were completed within 30 minutes by selling without the requirement of housing subsidy, with educational, health and commercial facilities in Khuzam suburb

Mercia Zone 4... Full details of the latest National Housing projects“

Khuzam offers more than 600 residential units and integrated facilities on an area of more than 280,000 m²

“Municipality and Housing” celebrates the empowerment of 19 thousand families within the development housing program in 2023

The partnership of ministries and charities has strengthened the sustainability of the development housing program and aims to own more than 25,000 families in 2024

International Monetary Fund Riyadh office market

9.5 % Saudi Arabia's housing rents rose over the past year

Jadwa: Higher rents due to higher interest rates and increased demand from foreigners; expects growth in mortgage loans in H2 2024

Medina Municipality - Commercial Project

848.8 million riyals worth of real estate transactions in Medina last month

The city recorded a 13.4% rise in deal value and 1,721 deals in January, supported by growing demand and low interest rates

8 ways to add green technology to your smart home

Tips for implementing green technology that reduces energy consumption and waste through smart devices and eco-friendly building products.

Surveillance cameras

The best home security cameras of 2024 Features and specifications

A brief look at home CCTV options with a comparison of performance and features to help you with your buying decision.

Saudi Central Bank

SAR 80.81 billion in housing finance provided to individuals last year

SAMA data: Retail financing declined 34.5% in 2023 with villas taking the largest share.

Residential program

Steps to object to housing subsidies electronically

A brief guide on how to object via Sakani: Log in, select Entitlement, then fill out the objection form accurately.

Investors in real estate

Conditions and steps to register on the Joud Housing platform

A guide explaining the eligibility criteria and procedures required to apply to the Joud Housing platform for social security registrants.

U.S. Real Estate - Home Sales

U.S. new home sales surge last month

The Northeast region led the sales growth while the average sale price fell to $413k.

Spokesperson for the General Real Estate Authority - Penalty for providing real estate informationTaysir Al-Mafraj

Video | Real Estate Authority spokesperson reveals the penalty for providing real estate information without a license

It starts with a warning and reaches a fine of up to SAR 200,000, and the information requires the reports of accredited government agencies.

Future of Real Estate Forum reviews women's participation in the real estate sector

The session highlighted the role of women in the development of the real estate sector and ROSHN's contribution of 100,000 units until 2030 and 46% female employees.

National Housing Company launches “Rakeez” initiatives program and signs 6 agreements

Interactive pavilion showcases "Rakayas" plan to boost local content, localize industries and support national cadres

Future of Real Estate Forum

Al-Hogail inaugurates the Future of Real Estate Forum 2024 and confirms targeting one million housing units

The ministry has offered 450,000 units and land since 2018, qualifying about 2,000 developers and approving 765 plans.

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