Engineer Abdullah Al-Otaibi, a real estate expert, revealed the best strategy to make good profits from real estate investment, highlighting the great importance of investing in land. Al-Otaibi explained in a video clip that land is considered the ideal choice for real estate investment, as it is the basis for all other types of real estate.
Al-Otaibi pointed out that investing in other real estate such as houses and buildings requires many costs associated with licenses, maintenance, and management, as well as the technical limitations and lifespan of these properties. Land, he says, requires none of these requirements, making it the most sustainable and profitable option in the long run.
Al-Otaibi offered several tips for real estate investors who want to make big profits from buying land. He stated: “When buying land, it is preferable to invest in land that does not have services, and not in ready-made developed land, because it is suitable for housing and not for investment.” Al-Otaibi
Al-Otaibi stressed the need to choose lands close to cities, so that the distance between them and the city does not exceed 15 kilometers, noting that these lands have high investment opportunities over time, as they gradually approach development and services. Al-Otaibi stressed the need to choose lands close to cities, so that the distance between them and the city does not exceed more than 15 kilometers.
In terms of suitable areas for investment, Al-Otaibi mentioned some cities and regions with good opportunities to buy land at affordable prices. He stated: "I'm talking about areas like Rafha, Tabuk, Al-Qurayyat in the north, Jazan, Al-Qunfudhah in the south, and Qassim with villages like Unaiza and others." He explained that major cities such as Riyadh, Jeddah and Sharqiya are areas with relatively high land prices, making investment less attractive compared to other regions.
In terms of budget, Al-Otaibi advised investors to look for land worth SAR 100,000 or less, noting that such land is an excellent long-term investment opportunity. He added: "Buy the land and leave it, it won't need management or maintenance, and it will make good returns over time." When it comes to budgeting, Al-Otaibi advises investors to look for land worth less than 100,000 riyals.
Otaibi concluded by pointing out the basic conditions that must be met in the city where the land is purchased. He explained that the city should have a hospital and a college or university, and its population should be more than 30,000 people, as these factors provide a suitable environment for real estate growth and prosperity in the future. Al-Otaibi concluded.
With these tips, Al-Otaibi emphasizes that investing in land requires a long-term view, where it is preferable to buy land and hold it for several years without thinking about selling it immediately. As urbanization expands and the demand for land near cities increases, the value of the land gradually increases, providing a golden opportunity to make big profits.
With this explanation, it seems that investing in land remains one of the safest and most sustainable options for good financial returns in Saudi Arabia, especially if the advice provided by experts such as Engineer Abdullah Al-Otaibi is followed.
How to buy land for investment pic.twitter.com/qST2zF3itG - Athman Real Estate (@athmnsa) August 26, 2024Conditions for a successful investment in land
ideal investment areas
Budget and conditions for buying land
Long-term investment for profit
