29-01-2025
Future Real Estate Forum 2025 Launched in Riyadh
The Minister of Municipal and Housing Affairs, Chairman of the Board of Directors of the General Real Estate Authority, Mr. Majid bin Abdullah Al-Hogail, sponsored the launch ceremony of the fourth edition of the Real Estate Future Forum in Riyadh. The event, held under the slogan 'A Future for Humanity: From Dreams to Reality,' saw participation from over 120 countries, 500 speakers from the public and private sectors, and numerous prominent local and international figures. Pillar of Vision 2030
The Minister highlighted the significant real estate legislation in the Saudi real estate market, including systems, rules, and regulatory frameworks, which reflect the government's commitment to this sector. He emphasized that the real estate sector has become a cornerstone of the Kingdom's Vision 2030, driving economic growth and development.
Enhancing Market Reliability, Trust
The real estate brokerage system and its executive regulations have strengthened the reliability of the real estate market by providing a clear legal framework that protects the rights of all parties. This has fostered trust among investors, property owners, brokers, service providers, and clients. Additionally, the real estate contributions system, alongside regulations for off-plan projects and penalties, has contributed to remarkable growth, with 192 project licenses issued worth over 147 billion riyals (approximately 39.2 billion USD) in the past year.
Global Opportunities for Real Estate Development
The 'Future of Real Estate Forum' offers global, high-quality opportunities for the development of the real estate sector, focusing on sustainable and integrated cities equipped with municipal and housing services. These cities aim to meet the aspirations of residents and enhance their quality of life. The Minister emphasized that the exceptional growth in the Saudi real estate market is a result of a clear vision, advanced legislative frameworks, and a supportive economic environment.
Dialogue Sessions on Real Estate Progress, Opportunities
On its first day, the forum hosted dialogue sessions exploring the evolution of the municipal and housing sectors, investment opportunities across the Kingdom, and the role of economic integration in supporting growth. Discussions also highlighted the importance of the real estate registry in urban planning, the development of sustainable communities, and the need for innovation and modern technologies to unlock future prospects in the real estate landscape.
Showcasing Innovation, Trends
The Future of Real Estate Forum spans three days and includes a real estate exhibition featuring participation from major local and international companies, investors, and entities. The exhibition showcases the latest real estate technologies, advanced products, financing solutions, and market trends. It also highlights strategic steps to enhance the transparency, reliability, and investment appeal of the Saudi real estate market.
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