Saudi Oger to Reportedly File for Bankruptcy

• Monday, 8th August 2016
• by Fatma Khaled

Saudi Oger, a Riyadh-based construction company, is expected to declare bankruptcy to overcome its financial problems.

Riyadh and Jeddah Witness Real Estate Slowdown in Q2 2016

• Sunday, 7th August 2016
• by Fatma Khaled

Riyadh and Jeddah witnessed a slowdown in the real estate markets in 2016’s second quarter according to a report by JLL.

Saudi Arabia to Invest $ 800 M in Housing Project

• Sunday, 7th August 2016
• by Fatma Khaled

The Ministry of Labor and Social Development is partnering with investors to prepare for a housing project targeted for those needy of homes.

Saudi Arabia Studies Using 3D Printing for Housing Project

• Thursday, 4th August 2016
• by Fatma Khaled

Saudi Arabia is collaborating with a Chinese company to study a proposal that aims at implementing 3D printing techniques in the construction of housing units.

Saudi Arabia Drafts Rules for Real Estate Funds

• Thursday, 4th August 2016
• by Fatma Khaled

As efforts in attracting private investors in to the housing department, Saudi Arabia drafted rules for exchange-listed real estate funds.

Qatar’s Barwa Real Estate Buys Saudi Land for $175.8 M

• Thursday, 4th August 2016
• by Fatma Khaled

Qatar’s Barwa for Real Estate, one of the Gulf Arab state’s major developers stated that it purchased a vacant plot land in Riyadh, Saudi Arabia worth of 659.28 million Riyals which is equivalent to $175.8 million

Saudi ‘White Land’ Fees Spark Unprecedented Drop in Real Estate Sales

• Sunday, 31st July 2016
• by Joana Saba

A new tax on undeveloped lands, aiming to tackle the sharp housing decline in the kingdom, induced a 56.7% drop in real estate sales in Saudi Arabia.

Saudi Developer Dar Al Arkan Reports a 38.7% Drop in Net Profit

• Monday, 25th July 2016
• by Eman El Sherbiny

Leading Saudi property developer, Dar Al Arkan announced a 38.7% slump in its 2nd quarter (Q2) net profit, as well as a drop in land sales.

Saudi Arabia’s Residential Market Sees Minor Increase in Q1

• Wednesday, 20th July 2016
• by Eman El Sherbiny

During the first quarter of 2016, Riyadh and Jeddah witnessed a decline in sales and rentals in the villa and apartment segments.

Saudi Government Authorizes Infrastructure Projects within Tourism Sector

• Tuesday, 19th July 2016
• by Eman El Sherbiny

Twenty-four infrastructure projects have been been authorized by the Saudi government, to include 17 hotel buildings in the Asir region, in a bid to boost the kingdom’s tourism sector.