The proposed house insurance cover will offer coverage for both the structure of the house as well as the contents inside, beside protection against natural disasters such as floods, and earthquakes, as well as accidents like fires
home ownership
Latest in home ownership
home ownership
Saudi home ownership passes 63.5 per cent
The number of Saudis who own home continues to increase and passes annual targets
Al Rajhi Bank
Saudi Arabia real estate: PIF-backed firm signs largest deal valued at $1.5bn
The deal, signed with Alrajhi Bank, is part of Saudi Arabia’s efforts to accelerate growth in the housing market
Dammam
Saudi home prices surge 45%, demand drops
A decline in house prices is not expected but rather a stagnation in values as demand continues to build
affordable housing
Saudi Arabia’s real estate challenge needs to be solved sustainably
The model for reinventing housing for the urbanisation megatrend is in Saudi Arabia
business funding
UAE-based proptech startup Huspy receives $37mn in Series A funding led by Sequoia Capital India
Huspy’s Series A round will be used to extensively invest in technology development, double down on growth in the UAE and Spain, and expand across Europe
apartment rents
Property prices in Saudi Arabia on the rise, Riyadh leads the way
While the boom in prices in the Kingdom’s capital city is the highest in five years, deals are beginning to slow
home ownership
Costs of rent for homes and office spaces in Saudi Arabia climb as business sentiment boosts real estate
Increasing tourist numbers are providing a boost to the hospitality sector, consumers are returning to retail outlets, and positive business sentiment is driving demand for office real estate, the head of Research for MENA and Turkey at JLL said
home ownership
Saudi home prices jump to fastest in five years amid ownership boom
Prices in the Saudi capital soared by 17 percent, while in Jeddah they increased by 12 percent, according to the latest Knight Frank research
home ownership
Saudi Arabian housing market continues recovery, residential mortgages hit five-year high
Across the kingdom, 25,700 mortgage contracts were issued in April, and 38,285 mortgages were issued for purchasing villas and townhouses in the first quarter of 2021
home ownership
Saudi Arabia’s Freddie Mac plans sukuk to raise $267m
Saudi Real Estate Refinance Co, the kingdom’s first mortgage-refinancing firm, eyes Islamic bond by year-end
Home loan
Saudi Arabia sees 212% surge in new mortgages in May
Kingdom is aiming to increase home ownership to 70% by 2030