Mortgages in Saudi Arabia: positive developments in 2016
Yasser Abu Ateek, CEO of Dar Al Tamleek talks about the outlook for mortgage industry in Saudi Arabia.
Saudi Arabia’s mortgage industry structure: in-depth analysis
Yasser Abu Ateek, CEO of Dar Al Tamleek explains the structure of Saudi Arabia’s mortgage industry.
Invest in Saudi ArabiaSaudi Arabia Capital MarketsSaudi Arabia EconomySaudi Arabia InterviewsSaudi Arabia InvestmentsSaudi Arabia Real-Estate
Outlook for Saudi capital markets and mortgage market
The Islamic finance industry has evolved in the direction of complying with the conventional system. Islamic finance industry has to rethink its philosophy. The latest trend in the industry is the emergence of innovations from Islamic institutions that are derived from the principals of the Islamic finance philosophy, not from the motive of providing solutions or mimicking the conventional finance systems.
Meridian32 Group: Diversification in Real Estate, Technology and Knowledge
Manuel Vieira, Chairman of Meridian32, gives an overview of the group, which operates in segments such as real estate and infrastructure, technology and knowledge.
Meridian32: Opportunity in the Development of Shopping Centres
Manuel Vieira, Chairman of Meridian32, talks about the importance of the real estate sector for the group.
Ayla: A Unique Mixed Use Real Estate Project on the Red Sea
“Ayla is very unique; it is basically realising the vision of Aqaba in a way. The vision of Aqaba was to have 50% of its activities in tourism and in other related developments. So Ayla was given land on the border which was undeveloped to turn into a mixed use development and attraction,” says Sahl Dudin, Managing Director of Ayla Oasis Development Company, which is currently undertaking the leading real estate development on the Red Sea.
Ayla Oasis – Helping Jordan Become a Full Tourism Destination
“We remain optimistic and resilient. I think the word resilient here is very important. Jordan has seen many adversities, not in Jordan but in neighbouring countries,” explains Sahl Dudin, Managing Director of Ayla Oasis Development Company, which is currently undertaking the leading real estate development on the Red Sea.
“Tourism is Jordan’s oil” — Sahl Dudin
“Tourism is basically the major sources of income to the Kingdom and the employer of tens of thousands of people. Jordan boasts many touristic sites like Petra, Jerash, Wadi Rum, Dead Sea and Aqaba. We believe that tourism is Jordan’s future in terms of revenue and prosperity,” explains Sahl Dudin, Managing Director of Ayla Oasis Development Company, which is currently undertaking the leading real estate development on the Red Sea.
Saudi Real-Estate: demand for housing estimated at 200,000 units per year
The real estate sector is regarded one of the dynamic sectors in development, it is a target sector for all community segments and a safe channel because it depends on a set of pillars that depend on the strength of KSA economy, and the urgent demand for housing units. Now we can see that the percentage of KSA youth under age of 30 is about 70% of population, accordingly all those youth need houses. According to the recent statistics, the demand for housing units in the KSA is more than 200,000 housing units per year.
Top Real Estate Companies in Jordan
Marcopolis.net has compiled the ranking of the top real estate companies in Jordan. Read more about the top real estate developers in the Kingdom. The top real estate companies include Ayla Oasis Development Company, Eagle Hills, Emaar and Abdali Investment & Development Psc.