
Idle land fees regulation submitted for public feedback
This comes with the aim to raise the efficiency of fees on idle lands to spur the real estate market, increase the supply of developed lands and real estate units, achieve a balance between supply and demand, protect fair competition, and combat monopolistic practices, said the ministry.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Argaam
4 minutes ago
- Argaam
Saudi Arabia's real estate price index advances 3.2% in Q2 2025
Saudi Arabia's real estate price index climbed by 3.2% to 105 points in the second quarter of 2025, from 101.79 points a year earlier, data issued by the General Authority for Statistics (GASTAT) showed. The authority stated that a new methodology for calculating the index was adopted in Q3 2024, in cooperation with the Real Estate General Authority (REGA), the Ministry of Justice, and the Saudi Central Bank (SAMA), setting 2023 as the base year. The real estate index gauges three segments: The residential segment covers residential land plots, buildings, villas, apartments, and houses; the commercial segment covers commercial land plots, buildings, shops, and malls; and the agricultural segment covers agricultural land. GASTAT said the residential segment grew 0.4% YoY to 101.57 points in Q2 2025. Meanwhile, the commercial segment increased by 11.7% YoY to 115.69 points by the end of the three-month period. However, during the same quarter, the agricultural segment retreated by 0.9% YoY to 102.63 points. As for real estate prices by region, Tabuk recorded the highest annual rise of 4.7%, followed by the Eastern Province and Makkah at 4.2% and 3.9%, respectively.


Argaam
4 minutes ago
- Argaam
Over 48,000 Saudi families move into first home in H1 2025: Sakani
More than 54,000 Saudi families benefited from the Sakani housing program in the first half of 2025, compared to 55,000 in the same period last year, the Ministry of Municipality and Housing said. In a statement, the ministry added that over 48,000 Saudi families moved into their first home during the six-month period. The number of subsidized mortgage financing agreements rose 63% year-on-year, with more than 27,000 deals signed for low-income individuals in H1 2025, exceeding the program's target, the ministry said. It also noted that around 3,800 families benefited from developmental housing programs, with a 90% satisfaction rate, exceeding the annual target of 80%. The ministry maintained an average processing time of no more than 1.5 working days for handling objection requests. The ministry also highlighted that the achievements made reflect the maturity of the housing support system and the accelerating impact of financing and regulatory policies, in a bid to achieve the goals of the Sakani Program—one of the programs of Vision 2030—to achieve a 70% home ownership rate for Saudi families by 2030. The home ownership rate for Saudi families reached 65.4% by the end of last year.


Arab News
4 minutes ago
- Arab News
L'Atelier Nawbar brings bold stories and jewelry to Saudi Arabia
DUBAI: Sisters Dima and Tania Nawbar, the creative forces behind Beirut-born fine jewelry brand L'Atelier Nawbar, are bringing their unique blend of storytelling and craftsmanship to Saudi Arabia. For the latest updates, follow us on Instagram @ Known for their culturally rooted designs, the Nawbars told Arab News the move is a natural step forward. 'KSA is a key market in the region, not just in scale but in its growing appreciation for art, design, and craftsmanship,' they explained. 'With Vision 2030 reshaping the cultural landscape, we felt it was the perfect time to enter,' they said. A post shared by L'Atelier Nawbar - Fine Jewelry (@lateliernawbar) The expansion coincides with the launch of their new collection, Lot 93, inspired by the golden glamour of the 1990s. 'Lot 93 is a tribute to the woman who curates her world through meaningful finds … It's about rediscovery, like rummaging through your mother's jewelry box,' they explained. 'It was about curating, not just creating. Each piece feels like a rediscovered gem, part of a larger narrative that invites the wearer to make it their own,' explained the duo. Despite the pressures of co-leading a growing brand, Dima and Tania say working together is their superpower. 'Of course, we clash, we take different paths to the same goal, but there's a deep trust that grounds us,' they said. The sisters said their jewelry combines emotional stories and skillful craftsmanship. 'Jewelry is how we wear history and emotion. It's timeless, layered, and meant to evolve with you,' they explained. As they enter the Saudi market, the Nawbar sisters see this not just as an expansion, but as a continuation of their brand's journey. 'This isn't just about selling jewelry, it's about connecting with women who see their own stories in our pieces,' they said. 'We're honored to be part of this evolving creative landscape in the Kingdom.'