The four-day Cityscape Global closed on a strong note, drawing over SAR 237 bn in real estate transactions state news agency SPA reported on Friday, citing Municipalities and Housing Minister Majed Al Hoqail. The event saw an unprecedented 577 exhibitors, 265 of whom were international players.

** Check our coverage for the event’s first, second, and third days.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

NHC SPREE-

NHC continues to deliver: The National Housing Company (NHC) sealed a slew of construction contracts and MoUs with Saudi Post, state news agency SPA reported. The agreements include

A BIG YEAR FOR REAL ESTATE FUNDS-

Al Rajhi Capital launched a number of real estate investment funds totaling some SAR 7 bn, it said on multiple LinkedIn posts. The funds include

Sab Invest also launched two real estate funds worth SAR 2.9 bn with Osool Integrated Real Estate and Tatweer to develop Capital Gate — an office-led high-rise landmark — and a multi-purpose mid-rise community, it said on LinkedIn. Separately, the company launched a SAR 1.9 bn real estate fund with Retal Urban Development to build mixed-use project Retal Heights in Riyadh, it said on LinkedIn.

ALSO- Riyad Capital launched a SAR 1.7 bn real estate investment fund with Mountain View KSA to develop the One Mountain View project in Riyadh’s Al Rimal district, Riyad Capital said in a press release. The residential project spans a land plot of 152k sqm, housing some 500 units and green spaces.

AND- Maz Real Estate closed two agreements worth over SAR 1.2 bn with Nama Capital and Aqarat Real Estate Development Company, it posted on X. Nama Capital will pour SAR 1 bn into establishing real estate investment funds, while Maz, Nama, and Aqarat will allocate SAR 240 mn for the establishment of a new unnamed project in Riyadh.

INSIGHTS FROM CITYSCAPE-

The Kingdom is on track to publicize foreign ownership for real estate next January, executive director for non-Saudi real estate ownership at the Real Estate General Authority, Fahad Bin Sulaiman told Bloomberg. Designated zones for foreign ownership in Riyadh, Jeddah, Makkah, and Madinah are still under review and will be public “very soon,” along with the full regulations, Bin Sulaiman said, adding non-Saudi ownership is forecast to be capped at 70-90%.

ALSO- Real estate tokenization, shared ownership, and smart contracts are set to be launched in the Kingdom by mid-2026, Real Estate Registry CEO Mohammad Al Sulaiman told Asharq Business (watch, runtime: 03:16). The Kingdom has set the necessary infrastructure to achieve objectives in legislating and regulating real estate tokenization for property records, Al Suliman said.

Tags: