No monopoly in the market .. "Property" Confirm: 50% of owners have a housing unit only
Confirm The CEO of the General Authority of the Real Estate , Eng. Abdullah Al -Hammad that half of the Malak Residential rental units in the city of Riyadh have only one housing unit, while 19% of them have two units, and the percentage of those who own more than ten units does not exceed 7%." target ="_Blank"> The government press conference , noting that the rental market in the capital includes more than 1.17 million housing and commercial units. Data-legbed-url =" align ="center" Class ="twitter-tweet" Data-DNT ="True">
The head of the real estate body m. Abdullah Al -Hammad: After analyzing the local market .. We came out with a model that takes into account the stimulation of real estate supply and limits inflation and is characterized by paths that ensure the stability of the market
Adjusting the rental market Eng. Al -Hammad announced a package of new regular rulings to control the rental market, most notably stopping the annual increase in the value of the rent in Riyadh for a period of five years. 838 thousand housing units and 312 thousand commercial units. The market is wide, varied and far from monopolistic domination." align ="center" Class ="twitter-tweet" Data-DNT ="True">
The head of the real estate body m. Abdullah Al -Hammad: The regular rulings to control the relationship between the lessor and the tenant embody an integrated vision to achieve balance in the rental market
contract documentation on the platform "rent" Al -Hammad pointed out that the generous directives came comprehensive to address all aspects of the market, after an in -depth study of international experiences, most of which focused on one side without the other. Main; The first of them is governance and enhancing confidence by obligating the lessor and the real estate mediator to document contracts in the “rental” platform, while providing the right of the tenant to register as well. Automatic and non -renewal cases to grant reassurance families and commercial installations stability, especially emerging projects and entrepreneurship. With supervision and compliance, financial fines will be imposed on violators while obliging them to correct the abuses and compensate the affected people, in addition to approving the rewards for those whose violations amounting to 20% of the value of the violation, to enhance societal control." align ="center" Class ="twitter-tweet" Data-DNT ="True">
The head of the real estate body m. Abdullah Al -Hammad: I documented a platform "rent" More than 13 million contracts at a rate of 4200 contracts per day, and have provided about 40 million digital operations from 2017 to the first half of 2025
