Riyadh Real Estate Exhibition succeeded in attracting major real estate development companies and businessmen from various real estate sectors to shape the market during its four days, despite the climatic and environmental factors, the exhibition halls witnessed a remarkable turnout of interested parties and visitors; this was reflected in the levels of satisfaction and approval by the exhibiting companies that were keen to market their products and move their sales trend forward.
Amlak Real Estate Newspaper, during its coverage of the events, polled a number of exhibitors about the exhibition and the extent of its impact on their target market.
Amlak Real Estate Newspaper, during its coverage of the events, polled a number of exhibitors about the exhibition and its impact on the market they are targeting, and opinions and demands varied in many axes, but everyone expressed satisfaction and satisfaction with what they achieved in the exhibition, together we see what the exhibitors said about the exhibition and the future of the real estate market?
Abuaba: The exhibition included all real estate sectors
In the beginning, Abdulaziz Abouabaah, CEO of Dawawin Real Estate Company, said that this is not our first participation in the exhibition, which represents a good opportunity for all rings of the real estate sector by the presence of the concerned government agencies , banks and development companies under the umbrella of the exhibition, which facilitated us to identify the products and programs of the ministry and financing programs, He called on the organizing company to focus on holidays to organize such events that attract families, praising the quality of the organization and the distribution of spaces and corridors, which reflected on the ease of access of visitors to the pavilions and showrooms of companies.
<p class="p2Abouaba touched on the positive changes that occurred in the real estate market, especially the housing sector, noting the reduction of the down payment of mortgage financing to 5%, and setting a price range for the Ministry's housing units (250 - 750 thousand riyals), and Abouaba praised the Ministry of Housing represented in its programs modern construction techniques that aim for product quality and lower costs and time, in addition to providing jobs, and about the completion program, Abouaba explained that the center succeeded in reducing the development period from 54 to 24 months.
<p class="p1Hasami: Real estate has adapted to regulatory changes
For his part, Engineer Nabhan Al-Hassami, General Manager of Marketing at Kenan International Real Estate Marketing Company, was optimistic about the future of the real estate market despite the difficulty in predicting exactly what will happen in it, stressing the adaptation of those involved in the sector to the various regulatory and economic changes and described them as natural, which in itself is a good thing until each investor sets his plan in line with this change.
Nabhan Al-Hassami.
Hasami called on the organizing company to focus on marketing the exhibition on all platforms so that the participating companies achieve their full objectives, noting that the number of participants is less than hoped for; therefore, we cannot limit the evaluation of the real estate market to our evaluation of the exhibition, He praised the large number of visitors and their interest in the exhibition; this is because the offered real estate products are characterized by diversity, which - according to my opinion - and the speech of the engineer Al-Hassami, covers the desires of the largest segment of citizens wishing to buy, and the exhibition represents an ideal opportunity to take the opinions and desires of customers to benefit from them in the future.
Research: Satisfaction levels of utilization excellent
Researchers.
On the same subject, Mohammed bin Abdulrahman Al-Bahouth, General Manager of Three Home Real Estate Company, expressed some observations about the organization of the exhibition, noting the need to limit the relevant and related parties in one space, such as government agencies, banks, government financing sectors, designs and decoration so that the visitor can shorten his time and effort in searching and flipping options, indicating that the exhibition in its various formations reflected the reality of the real estate market by a large percentage up to 80%.
The exhibition reflected the reality of the real estate market by a large percentage, up to 80%.
<p class="p2About their participation in the exhibition, Al-Bahouth expressed their full satisfaction with the participation, which achieved excellent levels of satisfaction and achievement of goals; because we always strive to achieve the desires of customers and study their needs, and explained that the real estate market began to revive by moving liquidity and increasing buying and selling, and matching supply with demand.
Bahouth called on banks and financing bodies to have exclusive offers for their participation in the exhibition in order to make a difference and competition among them, and said it is not reasonable for their participation to be a new branch without any change in products or incentives for customers.
Aljashi: Our participation is strategic in the exhibition
On the same topic, Hussein Al-Jishi, Director of Investment Management at Summit Capital Investment Company, called on the management of the exhibition to generalize the idea of the exhibition in all regions of the Kingdom, describing that the exhibition reflects the reality of the real estate sector and its development in the Kingdom; in terms of the types of participation and representation of all sectors that provide urban development services, Al-Jishi added that he hopes that in the coming sessions, the exhibition will include the largest number of major real estate companies that represent a weight in the sector, stressing that Restatex Riyadh Real Estate is considered one of the most important exhibitions in the region and our participation in it is a strategic approach, despite the overlap of its dates with our participation in a similar exhibition in the Kingdom of Bahrain.
<p class="p2About their current view of the real estate market in the Kingdom, Al-Jashi stressed that real estate is known to be sick and not die, and despite the lull that the sector goes through from time to time, it is promised to develop under the Kingdom's Vision 2030, explaining that all workers and investors in the sector benefit because there is flexibility in the sale and purchase processes, especially as we see many offers in products and varied.
<p class="p2
Alwan: The results of the exhibition is a good indicator of the market
Alwan
For his part, Abdullah bin Mohammed Al-Alwan, CEO, praised the exhibition and described it as better than last year in light of the recession in the sector, noting that there is a diligent and fruitful movement in the pavilions and halls, which gives a positive indication of the exhibition, especially that visitors' inquiries were directly focused on residential units of all types and plots of land, which indicates the seriousness of housing seekers, Alwan expressed his satisfaction with what has been achieved in general at the exhibition, noting the participation of banks this year on a large scale and offering their latest financing products in great competition, which creates competition and promises to ease the financing crisis and enable the citizen to benefit from it to buy or build his dream home.
<p class="p2Alwan called on the companies participating in the exhibition to enhance competition among themselves by providing the easiest and easiest ways of ownership away from traditional methods, and to design innovative programs and incentives that make the citizen more attractive and confident in the products of developers.
