Poll: Abdullah Al-Salih: The Kingdom's regions vary in their attractiveness for investments, according to the components that attract capital to be pumped into the real estate sector, and accordingly the extent of the impact of large projects on the market is measured.

The newspaper “Amlak Real Estate” polled a number of specialists and experts in real estate investment on the subject.

Amlak Real Estate Newspaper polled a number of specialists and experts in real estate investment on the subject, and came up with this result.

Amlak Real Estate Newspaper polled a number of specialists and experts in real estate investment on the subject.

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Asmaa Al Olayan: Easing administrative procedures is the most important incentive

Asmaa Al Olayan, Executive Vice President of Keller Williams, stressed that facilitating administrative procedures such as licenses and permits, providing tax incentives to investors and providing logistical support and financial services are among the most important reasons for cities to compete in attracting capital and major companies to invest in real estate, noting the need to help strengthen local partnerships.

Asmaa Al Olayan, Executive Vice President of Keller Williams, said. <Olayan explained that growth in the real estate market is achieved by paying attention to roads and transportation, providing health and educational life, organizing events and opening the door to tourism and cultural activities to enhance the attractiveness of investors, and pointed out that major projects in cities greatly affect the real estate market; by increasing the demand for real estate in the area, whether for housing or for business, as a result of the need for employees, workers and contractors to housing and offices near the work site, and real estate in the area surrounding major projects may witness an increase in prices, and this can lead to the recovery of the real estate market and increase the value of real estate, and in general

Asmaa Al Olayan pointed out that the Kingdom's regions vary in their attractiveness to investments for many reasons, including:

First: Location plays an important role in attracting investment with the premise that large, densely populated cities are not the same as small cities.

First.

Second: Rapid economic growth in large cities attracts investors without hesitation to look for investment opportunities.

Third

Third: The quality of the population in large areas may be inhabited by residents and citizens as well, so it is an opportunity to attract investment.

Third.

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Mohammad Mubara: Reaping the fruits of investors“ planning 30 years ago

Talking about the most attractive cities for investment, real estate expert Mohammed Abdullah Mubarah said: "Without hesitation, the city of Riyadh, where the real estate market has grown in a way that fulfills the ambitions of real estate investors, especially those who had a long-term strategic vision for the future 30 to 40 years ago, which has been achieved in my opinion, especially in the past three years, especially in light of the change of regulations and laws related to the expansion of residential complexes, by changing the strategy for construction to expand in the city from horizontal expansion that requires larger budgets to provide services to the population to vertical, which saves costs and increases population absorption, and the optimal use of space, also the state decision to attract the headquarters of major companies in the world

Mohammed Mubarah showed that cities can compete in attracting capital and major companies for real estate investment by improving the transportation infrastructure, which is a vital and important aspect to attract capital, especially the provision of high-speed trains within cities and transportation between them, because the acceleration of time for completion has now become an important factor for the investor in accomplishing his business despite the availability of remote meetings and the electronic revolution, and pointed out that events and organization of events within the Kingdom will witness an increase in the coming years and will be supportive of real estate investment, and the completion of such vital projects for the transportation sector has an impact. <Regarding the factors that make cities attractive for investment, Mubarah referred to the common factors known and traditional about investing in commercial real estate in various regions such as: The location and its proximity to daily gatherings such as the mosque in the case of investing to rent real estate in the form of shops, or its proximity to large markets and entertainment places for families in the case of investment for the purpose of renting residential properties, etc. Mohammed Mubarah explained that changing the regulations and laws related to real estate investment may bring investment opportunities for the general public that they were never able to achieve, for example the daily rental of real estate, which was encouraged by the Tourism Authority to accommodate the largest number of tourists and achieve the state's vision in encouraging tourism to be one of the important factors to diversify sources of income is an unconventional factor that may achieve additional income for small investors to activate the economic side, which contributes to increasing the domestic product that most countries seek.

Mohammed Mubarah In my opinion, reviewing the regulations and laws related to real estate investment plays a role in changing the rules of the commercial real estate investment game along with the known traditional factors; it may even be more important than them by calculating the cost that returns more than the usual return on investment for the leased property by exploiting the seasons when tourists visit more often, thus increasing the percentage of income than what is common and customary.

Mubarah stressed that the review of regulations and laws related to real estate investment plays a role in changing the rules of the commercial real estate investment game along with the known traditional factors.

Mohammad Mubarah stressed that major projects will be an important factor to increase interest and increase demand for real estate, which will reflect positively on an important aspect, which is to increase fair competition between real estate developers to improve and provide high quality for residential real estate projects by following the rules of the Saudi Building Code, which may contribute to the rise in standards and construction methods by adopting the Saudi Code as one of the tributaries of increasing the global reputation and confidence of Saudi construction methods in international indicators.

Mohammad Mubarah stressed that the major projects will be an important factor to increase interest and increase demand for real estate.

@MAAbdullah47

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Nayef Al Ajam: Construction and development of new real estate facilities

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For his part, Nayef Al Ajam, a real estate broker from the Eastern Province, said that the most important elements that make real estate investment attractive in different regions are (the blessing of security and safety, which we live by the grace of God under our wise leadership), as well as major projects and Vision 2030 projects, in addition to the presence of clear laws and regulations that support the growth of the economy.

For his part, Nayef Al Ajam, a real estate broker from the Eastern Province, said that the most important elements that make real estate investment attractive. Al Laajam stressed that Riyadh is one of the most fortunate cities in the growth of the real estate market, and this was achieved due to the economy and the accelerated development in the Kingdom, in addition to its rich history, its strategic location, and its ambitious vision 2030, so Riyadh has become a magnet for investment in real estate, which is considered the most important investment methods to accumulate wealth, indicating that cities can compete to attract capital and major real estate companies by applying regulatory reforms that aim to improve the ease of doing business and facilitate government procedures for them.

Riyadh's real estate market has become a magnet for investment in the real estate sector. Al Ajam emphasized the importance of major projects that have a direct impact on the lives of citizens, residents and the private and public sectors, because the presence of these projects opens the way for the entry of various activities such as residential, recreational, sports, health, environment and many other projects that mainly depend on the construction and development of real estate facilities to contribute to economic development and job creation, achieving the goals of Vision 2030.

Al Laajam emphasized the importance of major projects that have a direct impact on the lives of citizens, residents and the private and public sectors.