List of all articles filed under “saudi-arabia-real-estate” category.
“Rafal Real Estate began nearly six years ago. However, the shareholders of the company have more than 60 years’ experience in terms of business conduct in Saudi Arabia. The differential we have is that we are community innovators and not homebuilders,” says Majed Al Hogail, Managing Director of Rafal Real Estate Development Co.
“The land is too expensive. Land should be a maximum of 30% of the unit cost but in Saudi it is nearing 50%. Land is available but it’s too expensive,” says Mohammad Al Saja, Chairman of Mizat Development Company.
“In the real estate market in Saudi in the last three to four years, the prices doubled or tripled. As you know, the population growth in the country is becoming very high. This is one of the reasons that suddenly the government realized there is high demand for land, or in other words, a high housing demand,” explains Mohammad Al Saja, Chairman of Mizat Development Company.
“The project we are involved in consists of around 100 residential units – villas. It starts from 350 up to 600 square meters of land. It was designed carefully, in a way that would fulfill a mid to upper class Saudi family’s requirements,” explains Mohammad Al Saja, Chairman of Mizat Development Company.
Abdullah Saud Al-Rashoud, CEO of Blominvest
I think the capital markets started very early in Saudi, maybe in the 60’s or even earlier than that. It was very simple, very preliminary, there were no complications at all, and there were no rules or regulations.
Al Saedan Real Estate is one of the leading real-estate companies in Saudi Arabia. The company has a strong expertise in master-plan developments, land development, building commercial and residential centers, selling and buying local and international real estates, providing consultation in real estates, and providing valuation and estimation services. Al Saedan is an international real estate company with projects in Saudi Arabia, Tunisia and the United Kingdom.
Mohammed S. Alkhalil, President of FAD Investment & Development
Real estate is a major issue in Saudi Arabia. It is the second largest sector after oil and gas.
Mohammad Al Saja Chairman of Mizat Development Company
In the real estate market in Saudi in the last three to four years, the prices doubled or tripled. As you know, the population growth in the country is becoming very high. This is one of the reasons that suddenly the government realized there is high demand for land, or in other words, a high housing demand.
Dr. Ahmed Sindi, General Manager of SATCO
The Saudi Arabian economy has taken significant strides. The government has invested a lot of money in building a huge amount of infrastructure, such as airports, cities, and the like. Our company, SATCO, being a classified contracting company with a first classification, stands to benefit significantly from the extensive opportunities in construction in particular and also in other divisions of our work.
“If you look at the liquidity (petrodollars) which is coming into the country, it’s huge. This liquidity must find some channels to go into. Real estate went up in a very substantial way,” says Abdullah Saud Al-Rashoud, CEO of Blominvest Saudi Arabia.
