North of Riyadh awaits a real estate boom from the window of providing housing products

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After the Crown Prince allocated 20 million square meters for housing projects

The real estate center in Saudi Arabia received the directive of Crown Prince Mohammed bin Salman bin Abdulaziz to allocate new residential lands with an area of ​​20 million square meters north of Riyadh with a lot of optimism and optimism that the region will witness a real estate boom soon. By analogy by doubling the housing area in the capital twice at once.

It is known that the city of Riyadh, with its large size, is witnessing a great growth in demand for housing products, and this allocation – which is the largest of its kind – will meet that demand and provide housing units for citizens with reasonable quality and prices, and this is expected after adding 53 thousand housing units to what It is previously created from residential support products. This will result in solving the housing crisis in the region, and it will also increase housing products in the capital.

Huge spaces

The state of optimism was not limited to a group without others, but rather extended to all workers in the sector, from real estate developers, contractors and beneficiaries, who emphasized that adding these huge areas of land is capable of creating an exceptional real estate boom in the north of Riyadh, and it also expands the urban area in the north of the capital. Thus, it achieves the goals and projects of Vision 2030 by making Riyadh one of the top 10 economic cities attractive to residents in the world.

For many years, the real estate sector has been complaining of an imbalance between supply and demand in residential products. If the demand exceeds the volume of supply; This led to an increase in prices, and earlier levels of price increases.

What is reassuring is that housing projects in the north of Riyadh will take into account the standards of quality of life and meet the aspirations of citizens, in line with the economic, social, cultural and urban development plans of the capital, Riyadh. This means that housing projects in the capital will keep pace with the quality of life development projects, and the capital development projects.

Residential projects

The Crown Prince’s directive also included transferring ownership of these lands entirely to the Ministry of Municipal and Rural Affairs and Housing. This is within the framework of His Highness’ interest in the housing sector, in a way that contributes to enhancing the stability of families and raising the percentage of home ownership. It is expected that the Ministry will invest in this allocation, accelerate the pace of housing in the region, and work on producing many housing projects.

The privatization directed by the Crown Prince contributes to achieving the aspirations of Vision 2030, which it promised earlier, to achieve a percentage of ownership of up to 70% by 2030. We do not rule out that the vision will achieve higher than this percentage at the same time, especially in Riyadh, which is witnessing a boom in projects Residential, this boom increases the allocation of the crown.

North of Riyadh awaits a real estate boom from the window of providing housing products

Previously

The real estate center in Saudi Arabia received the directive of Crown Prince Mohammed bin Salman bin Abdulaziz to allocate new residential lands with an area of ​​20 million square meters north of Riyadh with a lot of optimism and optimism that the region will witness a real estate boom soon. By analogy by doubling the housing area in the capital twice at once.

It is known that the city of Riyadh, with its large size, is witnessing a great growth in demand for housing products, and this allocation – which is the largest of its kind – will meet that demand and provide housing units for citizens with reasonable quality and prices, and this is expected after adding 53 thousand housing units to what It is previously created from residential support products. This will result in solving the housing crisis in the region, and it will also increase housing products in the capital.

Huge spaces

The state of optimism was not limited to a group without others, but rather extended to all workers in the sector, from real estate developers, contractors and beneficiaries, who emphasized that adding these huge areas of land is capable of creating an exceptional real estate boom in the north of Riyadh, and it also expands the urban area in the north of the capital. Thus, it achieves the goals and projects of Vision 2030 by making Riyadh one of the top 10 economic cities attractive to residents in the world.

For many years, the real estate sector has been complaining of an imbalance between supply and demand in residential products. If the demand exceeds the volume of supply; This led to an increase in prices, and earlier levels of price increases.

What is reassuring is that housing projects in the north of Riyadh will take into account the standards of quality of life and meet the aspirations of citizens, in line with the economic, social, cultural and urban development plans for the capital, Riyadh. This means that housing projects in the capital will keep pace with the quality of life development projects, and the capital development projects.

Residential projects

The Crown Prince’s directive also included transferring ownership of these lands entirely to the Ministry of Municipal and Rural Affairs and Housing. This is within the framework of His Highness’ interest in the housing sector, in a way that contributes to enhancing the stability of families and raising the percentage of home ownership. It is expected that the Ministry will invest in this allocation, accelerate the pace of housing in the region, and work on producing many housing projects.

The privatization directed by the Crown Prince contributes to achieving the aspirations of Vision 2030, which it promised earlier, to achieve a percentage of ownership of up to 70% by 2030. We do not rule out that the vision will achieve higher than this percentage at the same time, especially in Riyadh, which is witnessing a boom in projects Residential, this boom increases the allocation of the crown.

May 10, 2021 – Ramadan 28, 1442

12:59 AM


After the Crown Prince allocated 20 million square meters for housing projects

The real estate center in Saudi Arabia received the directive of Crown Prince Mohammed bin Salman bin Abdulaziz to allocate new residential lands with an area of ​​20 million square meters north of Riyadh with a lot of optimism and optimism that the region will witness a real estate boom soon. By analogy by doubling the housing area in the capital twice at once.

It is known that the city of Riyadh, with its large size, is witnessing a great growth in demand for housing products, and this allocation – which is the largest of its kind – will meet that demand and provide housing units for citizens with reasonable quality and prices, and this is expected after adding 53 thousand housing units to what It is previously created from residential support products. This will result in solving the housing crisis in the region, and it will also increase housing products in the capital.

Huge spaces

The state of optimism was not limited to a group without others, but rather extended to all workers in the sector, from real estate developers, contractors and beneficiaries, who emphasized that adding these huge areas of land could bring about an exceptional real estate boom in the north of Riyadh, and it also expands the urban scope in the north of the capital. Thus, it achieves the goals and projects of Vision 2030 by making Riyadh one of the top 10 economic cities attractive to residents in the world.

For many years, the real estate sector has been complaining of an imbalance between supply and demand in residential products. If the demand exceeds the volume of supply; This led to an increase in prices, and earlier levels of price increases.

What is reassuring is that housing projects in the north of Riyadh will take into account the standards of quality of life and meet the aspirations of citizens, in line with the economic, social, cultural and urban development plans of the capital, Riyadh. This means that housing projects in the capital will keep pace with the quality of life development projects, and the capital development projects.

Residential projects

The Crown Prince’s directive also included transferring ownership of these lands entirely to the Ministry of Municipal and Rural Affairs and Housing. This is within the framework of His Highness’ interest in the housing sector, in a way that contributes to enhancing the stability of families and raising the percentage of home ownership. It is expected that the Ministry will invest in this allocation, accelerate the pace of housing in the region, and work on producing many housing projects.

The privatization directed by the Crown Prince contributes to achieving the aspirations of Vision 2030, which it promised earlier, to achieve a percentage of ownership of up to 70% by 2030. We do not rule out that the vision will achieve higher than this percentage at the same time, especially in Riyadh, which is witnessing a boom in projects Residential, this boom increases the allocation of the crown.





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