Property - Survey
Riyadh-Jeddah-Dammam
Riyadh-Jeddah-Dammam
The new advantages and powers granted by the Council of Ministers to the Ministry of Housing have attracted the attention of many workers in the real estate development sector in general, due to the fact that these powers relate to very important sectors, most notably the transfer of the system of early sale of real estate units (off-plan sale) from the Ministry of Commerce to the Ministry of Housing, as well as the transfer of the owners" councils union project to the Ministry; in addition to granting the Cabinet wide powers to the Ministry of Housing, related to licenses and building permits for residential projects for developers, as well as the assignment of establishing a real estate authority to the Ministry. "Amlak conducted a survey among a number of developers, real estate developers, legal experts and businessmen about this matter, what did they say?
Abdulaziz Al-Thunyan: Learning from the experiences of others
The legal advisor Abdulaziz Al-Thunyan, a member of the board of directors of the Mohammed bin Thunyan Endowment, expected that the powers granted to the Ministry of Housing will support it in solving the real estate issues facing society, and these powers will open new horizons for the ministry to search for solutions to implement its strategies, whose vision will expand to accommodate many new ideas that are compatible with the powers, especially in the off-plan sales system, the management of the owners" council union that organizes large residential complexes, in addition to the task of establishing a real estate authority. Al-Thunyan said that the powers will be a support for the ministry to solve the real estate issues that confront society.
Thunyan called on the Ministry of Housing to benefit from the experiences of those who had these tasks, whether the Ministry of Commerce or others, so that their work starts from where others ended.
Ali Al Rabaa: The stage of organization and precision In the same direction
Hussein Al-Nimr: Good and convincing decisions
For his part, Hussein Al-Nimr, CEO, Deputy General Manager and Partner at Madar Holding Company, explained that the Cabinet decision is the result of a conviction and the right vision to assign these decisions to the relevant body with these competencies and will have a remarkable impact in this sector, but it needs organization and activation of all efforts to make it a success, This is in line with the ministry's directives to support its plans by diversifying its partnerships with the private sector and can go beyond the borders by using the companies of major countries that have been able to solve housing issues, especially since the powers granted to the Ministry of Housing will provide it with more land.
<p class="p1Abdullah Al Kathiri: Planning smiles at housing minister
Abdullah Al-Kathiri, an architect, believes that the state policy in recent times has paid great attention to the housing issue and devoted many of its directions to solving it, and the decisions of the Council of Ministers came in harmony and in harmony with the ministry's strategy, and the decision to transfer the system of early sale of real estate units (off-plan sale) from the Ministry of Commerce to the Ministry of Housing will encourage real estate developers to go further to activate their partnership, There will be other partnerships that will enter through this door, which remained closed to many developers, and this will of course greatly enhance the role of the developers" center that will be established by the ministry, in general, these powers in their entirety will constitute a great support for the ministry's projects, which we hope will benefit from them and harness them in the interest of the citizen by providing adequate housing for all members of society. Mohammad Saleh Al-Khalil: Real estate under one umbrella For his part, Mohammed Saleh Al-Khalil, Vice President of the National Real Estate Committee, praised the Ministry's granting of these powers, which is an important step to launch and support the real estate sector, and we now feel that the features of the Ministry of Housing have begun to become clear after it put its hand in all matters related to the real estate affairs that were distributed among a number of ministries (trade, municipality, and social affairs), The National Real Estate Authority, which is now under the umbrella of Housing, will contribute to accelerating the implementation of residential plans and complexes. In general, these powers will strengthen the pillars of the Ministry and facilitate the implementation of its programs by diversifying products and finding sustainable solutions to the housing issue. Khaled Al-Mubaid : "Housing" between carrot and stick Khaled Al-Mubaid, General Manager of Basma Real Estate Management Company, confirmed the positivity of the decision, which will motivate real estate companies and developers to move the wheel of the real estate market, and Al-Mubaid expected the results to be better by accelerating the implementation of more major residential complexes and creating a new boom that will contribute significantly to reducing housing prices, and this stage is a stage of "stick and carrot", a term used to create an attractive incentive for the service and development that interests the citizen in a profit mold to benefit everyone "citizen and developer". What increases our optimism about the upcoming boom is that there are real estate fees that will prevent monopolization and provide many lands that can be directed to real estate development, which will be one of the goals of the Ministry of Housing, and benefit the citizen who is looking for suitable housing at affordable prices.
