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Residential real estate sales plunge in 1Q on affordability, war uncertainty
An ongoing affordability squeeze already had buyers on the fence, regional conflict froze them there
Taiba locks in SAR 2.4 bn Madinah hotels JV with Osool
The duo will collaborate to develop and operate three hotels in Madinah
Vacant property tax regulations near enforcement
Geographic zones will have different fees based on vacancy rates and costs
THIS MORNING: Aramco explores USD 10 bn sale and leaseback of its real estate portfolio
Real Estate General Authority finishes digital mapping for the capital’s urban areas
Baan acquires over SAR 830 mn in real estate assets
Plus: Riyad establishes a USD 400 mn real estate fund
Retal goes regional with SAR 3.1 bn Omani development
The firm’s net income dropped by 12.9% y-o-y to SAR 59.3 mn in 1Q
Hassan Allam + AlBawani to work on USD 490 mn Museum of Contemporary Art
PLUS: Alinma Bank eyes sukuk sale, Al Ramz, SNB Capital plan a real estate fund
Sumou Holding lands in Egypt with EGP 70 mn project
The project is a blueprint for using Saudi money and Egyptian building expertise to develop projects that can be exported…
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