Al-Andalus Real Estate Company, listed on the Saudi market, signed a Shariah-compliant credit facility agreement with First Saudi Bank, worth SAR 71.3 million, to finance the acquisition of new land.The company confirmed that the financing period is one year from the date of use of the facilities, under an agreement concluded on October 13, 2026, according to the short-term securitization formula, according to a statement of the company on "Tadawul" on Wednesday.    The financing period is one year from the date of use of the facilities under an agreement on October 13, 2026She pointed out that the guarantees provided for financing include a bond for a mortgage, pointing out that the agreement comes within its expansion strategy for the period from 2026 to 2030, with the aim of…

The Ministry of Municipalities and Housing launched the project "Planned Land Development Controls for Housing Support Programs in accordance with Article XIII of the Municipal Real Estate Disposal Regulation" to express an opinion from the Municipal Services, Planning and Urban Development Sector during the period from October 11 to November 10, 2026.The project aims to organize investment mechanisms in municipal land in exchange for its development or the implementation of housing units for the benefit of the beneficiaries of development housing, in accordance with the regulation of the disposal of municipal real estate issued by Royal Order No. 40152 dated 29/6/1441 AH.    The project granted the Ministry the authority to determine the mechanism of paying the cost of…

The value of new real estate financing provided to individuals by commercial banks in Saudi Arabia amounted to about 43.89 billion riyals during the first eight months of 2026, compared to 59.04 billion riyals during the same period in 2025, a decrease of 25.66%, while the number of financing contracts decreased by 13.07%, amid the decline in the average value of the contract to about 644,000 riyals.The data indicate that the decline in the value of financing was greater than the decline in the number of contracts, in conjunction with the contracting average funding granted to individuals to buy residential properties. The value of new real estate financing for individuals provided by commercial banks (one billion riyals)January 10.46 6.19 -40.82February 8.91 5.37 -39.73March 8.4…

Saudi Real Estate Refinancing Company (SRC), a Saudi Public Investment Fund (PIF) company, has announced the launch of the second issue of residential real estate finance-supported securities (RMBS), in a qualitative step to develop the Kingdom’s securitization market, as the first local issue of this category to receive announced credit ratings from Moody’s and Fitch’s credit rating agencies.The issuance represents a development in the construction of the secondary market for real estate financing in the Kingdom, through the transition from the establishment of a new category of investment assets to enhance its credit structure, and provide an independent assessment of its risks, in order to support transparency, expand the participation of institutional investors, and…

Rixos Murjana has unveiled Saudi Arabia’s first adults-only Overwater Villas, introducing an exclusive luxury accommodation experience on the Red Sea coast at King Abdullah Economic City. Inspired by the overwater retreats of the Maldives, the new villas combine panoramic sea views, contemporary design and enhanced privacy with the resort’s ultra-all-inclusive hospitality. The launch features four Overwater Villas Privé and one Overwater Villa Privé Grand, designed exclusively for adults. Each villa features bright, open interiors, natural finishes, floor-to-ceiling windows and private terraces overlooking the Red Sea. Spanning 139 square metres, the Overwater Villa Privé Grand offers additional space with a separate living room, providing guests with…

The Saudi Enforcement Center announced its supervision of 101 real estate auctions, during the period from October 15 to 31, 2026, to sell 1,513 properties distributed over a number of regions of the Kingdom, according to the Saudi Press Agency (SPA).The existing Mecca region has topped 28 auctions for the sale of 552 properties, followed by Riyadh with 26 auctions for the sale of 321 properties, then the eastern region with 13 auctions for the sale of 151 properties, while the Qassim region is witnessing the establishment of 9 auctions for the sale of 117 properties.In the rest of the regions, there are 6 auctions for the sale of 111 properties in the Asir region, 4 auctions for the sale of 69 properties, 3 auctions for the sale of 73 properties, 3 auctions for the sale of 53 properties,…

Makkah Company for Reconstruction and Development, listed in the Saudi market "Tadawul", announced the start of the stage of electronic voting for its shareholders on the agenda items of the Ordinary General Assembly meeting at its first meeting, scheduled to be held on the evening of Tuesday, October 13, 2026.The company confirmed that the electronic voting process began at 1 a.m. on Friday, 28 Rabi Al-Akhar 1448H, corresponding to October 9, 2026, and this process is scheduled to continue for shareholders until the end of the time of the General Assembly, according to the company's statement on "Tadawul", on Sunday.    Registration for Tadawalati and e-voting services are available free of charge to all stakeholders through the dedicated platformRegistration in Tadawati and…

The Real Estate Regulatory Authority (RENA) confirmed that some of the real estate market indicators in the State of Qatar witnessed a decline during the past week, according to the Qatar News Agency (QNA).The data, published by the Authority through its account on the social media platform "X", today, that the total value of sales contracts during the forty-first week of 2026 (from 4 to 10 October) amounted to 458 million riyals, a decrease of 14.0% on a weekly basis, and a decrease of 28.1% on an annual basis, through the implementation of 111 contracts, a decrease of 19.6% on a weekly basis, and a decline of 24% on an annual basis.According to the Authority, sales were distributed according to the type of real estate on villas (worth 221 million riyals and 48.3%) of the total value of…

The Saudi General Authority for Real Estate revealed the start of in-kind registration of (26,858) real estate in the Mecca region, starting from Sunday, October 11, 2026, corresponding to 29 Rabiul Awwal 1448H, until the end of Thursday, January 14, 2027, corresponding to 5 Rajab 1448 AH, according to the Saudi Press Agency (SPA).The Authority confirmed that the neighborhoods benefiting from the Land Registry at this stage in the Mecca region in Jeddah include: (part of the northern seas, part of the southern seas, part of the red, part of the western Baghdadi, part of the western Baghdadi, part of the al-Rabwa, part of the beach neighborhood, part of the beach neighborhood, part of the rehab, part of the Salhiya, part of the red, part of the Ruwais, part of the western Baghdadi, part of…

The Enforcement Center in Saudi Arabia announced its supervision of 101 real estate auctions during the period from October 15 to 31, 2026, to sell 1,513 properties distributed over a number of regions of the Kingdom.The Mecca region topped the list with 28 auctions for the sale of 552 properties, followed by Riyadh with 26 auctions for the sale of 321 properties, then the eastern region with 13 auctions for the sale of 151 properties, while the Qassim region is witnessing the establishment of 9 auctions for the sale of 117 properties.In the rest of the regions, there are 6 auctions for the sale of 111 properties in the Asir region, 4 auctions for the sale of 69 properties, 3 auctions for the sale of 73 properties, 3 auctions for the sale of 53 properties, 3 auctions for the sale of 32…

Saudi Arabia’s construction activity expanded for a fifth consecutive month in September, although the pace of growth eased from August, according to the latest alrajhi capital Saudi Construction Index. The seasonally adjusted index fell to 54.4 in September from 55.4 in August, but remained above the 50 threshold separating growth from contraction. It was the slowest pace of expansion in four months. The alrajhi capital Saudi Construction Index is based on a monthly survey of 200 construction companies and tracks changes in activity across residential, non-residential structures and infrastructure.  The Saudi financial group said activity increased across all three sectors tracked by the index - residential, non-residential structures and infrastructure - with residential…

Saudi Entertainment Ventures (SEVEN), a subsidiary of the Qiddiya Investment Company, has announced that 70% of the construction work has been completed on its prime destination along the Jazan waterfront - SEVEN Jazan - logging more than seven million working hours without any lost-time injuries. A SAR1.3 billion ($342 million) entertainment destination, it is being developed by SEVEN, a subsidiary of the Qiddiya Investment Company. With a built-up area of 73,000 sq m, SEVEN Jazan will offer a variety of entertainment experiences, including global partnerships with brands like Discovery Adventures and Hot Wheels E-Karting, as well as locally developed concepts such as Kawaken, Golfi, Cyber Bowling, and Scene Cinema, said a statement from SEVEN. In addition to its entertainment…