The General Real Estate Authority has published the draft executive regulations for the Non-Saudis’ Real Estate Ownership Law on the Istislaa platform for public consultation, with feedback open until August 28, 2025. The draft aims to establish the executive provisions of the Non-Saudis’ Real Estate Ownership Law, issued by Royal Decree No. (M/14) dated 19/01/1447 AH, in accordance with Article 13 of...
Riyadh Municipality, in cooperation with the Ministry of Municipal and Rural Affairs and Housing, has approved new regulations for the development of urban planning schemes in Riyadh. In a post on its official X (formerly Twitter) account, the Municipality stated that the new regulations require real estate developers to complete all infrastructure and public space elements before starting...
The Construction Cost Index (CCI) in the Kingdom of Saudi Arabia recorded an increase of 1.1% in June 2025 compared to the same period in 2024, according to data released by the General Authority for Statistics. The report showed that the CCI rose to 101.2 points in June 2025 (based on the 2023 base year), compared to 100.1 points in June 2024. The Authority stated that the rise in the index was driven by...
Tayseer Al-Mufarrej, Director General of Strategic Communication and Official Spokesperson for the General Real Estate Authority, stated that over two years of implementing the Real Estate Brokerage System (from July 18, 2023, to July 18, 2025), the authority has achieved numerous positive indicators in the brokerage sector — most notably, real estate transactions totaling approximately SAR 1.2 trillion,...
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