Khobar-Amlak

A specialized study revealed that the demand for housing units in the Eastern Province will rise over the next two years to reach 646 housing units, and that the demand will exceed 603 thousand by the end of the current year 2013 units, noting that the accelerated growth rate of the cities of the Eastern Province is an important factor to increase the demand for housing units in different proportions for each type of these units.

The study indicated that the percentage of demand will be 23 percent on villas, 13 percent on apartments and 64 percent on other types of residential molds
The study, prepared by the Investment Development Center at the Eastern Chamber, said: »The Eastern Province is the third region in Saudi Arabia in terms of population and housing, with about 18 percent of the total number of residents and 15 percent in terms of the number of housing units.« The study indicated that the housing sector is still witnessing a great demand during the recent period, especially in the field of villas and ownership apartments, and the sector recorded the highest sales rates during the year 2010 and that 80% of sales and purchases are through banks or direct installments from the owners.
She also explained that most of the buyers are middle-income employees who cannot build their own homes, which made the demand for residential units far exceed the supply, and in many cases residential units are sold before the start of construction or after completion in record time: Apartments are gradually gaining popularity after being an undesirable type of housing in previous years, according to statistics available from the Department of Statistics, apartments constitute 32 percent of the housing market.

Al Shuaibi sells 29 pieces in the Solidere scheme in record time

Al Shuaibi sells 29 pieces in the Solidere scheme in record time

Khabar-Amlak

The office of Sheikh Adel bin Abdullah Al Shuaibi for real estate consultancy and the real estate developer of the Solidere scheme, on Thursday, 5-4-2013 at Al Saraya Hall, succeeded in launching one of the most important auctions of the year 2013, and the scheme is located in Hofuf city, west of Al-Ahsa Mall, and the scheme was characterized by its strategic location and distinguished by the different sizes of the pieces in terms of the proximity of residential neighborhoods and commercial complexes, especially that it is located on an international road to the Gulf countries, the auction witnessed unprecedented real estate attendance that enriched the auction with strong competition confirmed the great real estate value of the project that keeps pace with commercial investment developments.

The auction achieved the sale of the entire plan, where the pieces were distributed in a thoughtful manner in the plan, which has an area of 118778,99 thousand square meters and contains 29 fully serviced pieces, knowing that the plan is authorized with the number 4/1085, and it represents an integrated investment and economic environment that meets the aspirations of investors in a vital plan that represents a center for all businesses.
Sheikh Adel bin Abdullah Al Shuaibi stressed that «the project is a model project that provides a complete and full-service investment environment, pointing out that the entire plan was sold in record time, especially since it is a good commercial area, and suitable prices in the residential framework and the commercial plan is better, which gives an opportunity for the buyer to establish large projects, especially since the plots are characterized by large areas, and after about a month we will have a date with Al Naseem 2».

Al Naseem Plan.