List of all articles filed under “saudi-arabia-real-estate” category.
Dr Mohammed A. Al-Ajlan, CEO of Ra-yek Real Estate
In real estate, we have many companies, one of which is Ra-yek Real Estate. We have developed many projects including Sky Towers and Nakheel Towers. We are working on another project, which will be the Riyadh Towers, and is due to begin construction in 2015 or early 2016 and should be concluded by 2017.
Majed Al Hogail, Managing Director of Rafal Real Estate Development Co. The government´s plan is based on the Royal decree to develop and provide 500,000 units.
“Al-Khafrah Holding Group is a privately owned company, established by Sheikh Mubarak Al-Khafrah. We have multi-departments and sections responsible for renewable energy, industrial investments, real estate development and property development,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
The real estate market in Saudi Arabia as grown more than 10% in the past five years, and shows no evidence of slowly down. According to Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate, most of this growth comes from the Mecca and Medina region, and partly from Riyadh.
Al Saedan Real Estate Company began its work before the unification of Saudi Arabia. “The most important thing was security at the time. There were gated cities. Small cities. Nobody built outside the boundary of the city,” says Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate.
Al Saedan is one of the leading real estate companies in Saudi Arabia. They are known for their high-quality and unique designs. Al Saedan works on numerous projects across Saudi Arabia.
Al Saedan Real Estate is involved in land development, residential real estate, and real estate development. Each of these sectors has different competitors. Many factors are involved in making Al Saedan a leading real estate company. Al Saedan prides itself on being well organized and able to transfer all their experience from generation to generation. They know that a name isn’t enough to be successful in this market, like it was 20 years ago. Al Saedan understands that the competition is growing and the market is changing, and therefore, they must change with the times as well.
Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate, discusses land issues in the country. The government in Saudi Arabia, with the authorization from the King, gives land to the people or to the government for public projects. Transferring land is a freehold transfer of ownership. GCC citizens can buy in Saudi Arabia with regulations, except for Mecca and Medina, which can only be sold to Saudi Arabians.
Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate, describes housing in Saudi Arabia. He states that the country “lacks hotels.” He sees many hotels being constructed at the moment, including 5-star and 4-star hotels. The market will be saturated in about two years.
The real estate cycle lasts about 7-10 years. Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate, discusses how they deal with the crises that occur in the real estate market. The family has been in the business for three generations. Al Saedan has survived a complete cycle and they know what to do to prepare for the crisis. More importantly, they have transferred that experience for the generations after to ensure continued success.
