Al-Ahly for Real Estate to Establish 100,000 Housing Units in Saudi Arabia
Monday, 3rd July 2017
The Saudi Ministry of Housing approves the engineering designs of Egypt’s Al-Ahly for Real Estate Development to establish 100,000 housing units in Dammam and Al-Kharj cities in the Kingdom, Invest-Gate reports.
Reduction in Downpayment on Saudi State-Facilitated Mortgages Could Benefit Thousands
Tuesday, 8th November 2016
A recent reduction in the minimum downpayment required for state-facilitated mortgages in Saudi Arabia could benefit hundreds of thousands of applicants who currently do not own their home.
Saudis Enraged by Housing Minister’s ‘Preachy’ Tweet
Sunday, 6th November 2016
Saudi citizens heavily criticized their housing minister after a tweet in which he quoted Prophet Mohammed asking people to be generous to their neighbors, claiming he should focus on his work rather than preaching.
Saudi Housing Figures Under Criticism
Sunday, 23rd October 2016
The percentage of homeownership in Saudi Arabia relative to the general population is 63%, according to figures stated by the Saudi General Authority for Statistics Demographic Research Bulletin (pdf) published last Monday — a figure which has come under critical scrutiny by industry representatives, economists and residents.