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Abdulaziz Al Awwad: The real estate sector is poised for a qualitative leap with distinct and advanced mechanisms

Reading time: 2 Minutesحققت البرامج الوطنية التي طُرحت أهدافاً كبيرة في جميع مناحي الحياة في المملكة، ولم يكن القطاع العقاري استثناءً؛ فسنت الدولة الكثير من التشريعات المنظمة للقطاع ... Read more

08/03/2021

Real Estate - Al Awwad
Saudi Central Bank

SAR 160 million in real estate financing granted by companies to individuals in June

Down 36.5% from May, the first half of the year recorded 1.32 billion riyals in corporate real estate financing.

Documents required to obtain a mortgage from the Residential Program

Proof of identity, income, marital status, and property required to complete the financing application.

Residential program

Conditions for obtaining a mortgage from the Residential Program

Eligibility criteria for subsidized financing include: Nationality, age, non-ownership, proof of income and passing a credit check.

Saudi Central Bank

SAR 5.3 billion in real estate financing provided by banks to individuals in June

31% decrease in monthly financing compared to May, spread across 274.7 contracts with villas taking the largest share.

General Authority for Statistics - Residential Rental Prices

Statistics: Real estate prices rise by 1.7% in the second quarter of 2024

The residential sector leads the rise with 2.8% in Q2 while commercial declines 0.4%.

Imad Al-Abdalrahman - Economic Journalist - Riyadh Metro - Foreign Investment in Real Estate - Elevators - Amlak Real Estate Newspaper

 Foreign investment in Saudi real estate 

Foreign investment inflows bring new designs, expand real estate supply, and support the goals of Saudi Vision 2030.

“Enforcement oversees 26 auctions to sell 324 properties in several areas next month

مزادات حضورية وإلكترونية لبيع 324 عقارًا ومركبات في 12 منطقة بالمملكة من 1 حتى 10 أغسطس 2024.

Al Fursan suburb

Infographic | SAR 8 billion in sales in Al Fursan suburb since the project's launch

It has sold more than 60% of units, exceeding 7000 units, and includes 22 projects with services and large green spaces.

الحقيل يدشن منتج ضمان تمويل مطوري مشاريع البيع على الخارطة لتحفيز المعروض العقاري

مرخّص من هيئة التأمين لتعزيز المعروض السكني وتمكين الشراكات التمويلية وتحفيز تملك المواطنين.

Real Estate Brokerage System Forum 2

President of the Real Estate Authority: 605 billion riyals of real estate transactions since the implementation of the real estate brokerage system

The system achieved 17% growth, documented 3.5 million transactions, issued 35,255 licenses, and licensed 52 platforms

Ministry of Justice - Real Estate Exchange

أكثر من 210 آلاف صفقة عبر البورصة العقارية في 6 أشهر

وزارة العدل: البورصة توفر بيانات لحظية وخدمات توثيق رقمية متاحة على مدار الساعة.

Cadastre

Land Registry signs 3 agreements to enable real estate technology Details

The agreements give real estate tech companies access to registry data to develop AI-powered real estate indicators and services.

Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Real Estate Marketing... Keeping up or leave

Digital transformation in the real estate sector mandates qualification and regulatory compliance to build trust and target customers effectively.

Dubai - Real Estate Deals and Sales 

New record... 233 billion dirhams of real estate sales in Dubai in the first half of 2024

The market recorded 80,230 real estate sales and total transactions of AED 344.4 billion with H1 sales growth of 30%.

Saudi Arabia Foreign Investment

Real estate investments account for 18.7% of total assets of the Kingdom's public investment funds

Assets of public investment funds grew 17.8% to SAR 136.66 billion by the end of Q1 2024

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