Hattin's auction. An arrow in the rumor balloon. Abdulaziz al-Issa

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The Cabinet's approval to establish arrangements and mechanisms for the recommendation of the Council of Economic and Development Affairs to impose fees on white lands within the urban area of cities, governorates and centers would create a fruitful and positive movement in favor of the owners, and the average citizen looking for housing or an office where he manages his business affairs, This is through studying the obstacles to delaying the planning and development of white lands, and how to overcome these obstacles and provide facilities and sufficient funding to push owners and developers to plan the lands, in order to achieve the public interest and ensure the rights of all parties to serve the citizen and push thousands of housing units to the market.

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Here comes the role of coordinating bodies, real estate committees in chambers of commerce, specialists and owners of development experience to take the initiative away from expectations and press releases of falling real estate prices in a way that the simple citizen who is tickled with hopes from time to time to become frustrated and almost withdraw his confidence from what specialists and experts say after the incident of ”Hattin auction" ...!!!!! Perhaps one of the most important reasons for the consolidation of the property is the mortgage and financing because the final outcome will be the land belongs to the bank as if the bank is selling to another bank, and the citizen is only a name an intermediary through which the property moves.

Therefore, we must invest in the financing solutions currently offered by the Real Estate Development Fund and the Ministry of Housing solutions that opened the door for partnership with the private sector and find other outlets for financing to push the plans and white lands to the scope of urbanization and development, By taking advantage of the negatives and obstacles of the previous stages, and taking into account that the real estate market is going through major changes, primarily the seriousness of our wise government in creating adequate housing, all these variables are in favor of the owners of land and plans by investing the opportunity to reclaim what can be reconstructed.

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Analysts of the current real estate situation see that the approval of the mechanisms and arrangements came in conjunction with the announcement of the Ministry of Agriculture to seize land that has not been invested by its owners and return it to the Ministry of Housing, in addition to the royal measures to recover huge areas of land for the Ministry of Housing and its receipt of those lands, which provides more solutions, especially if the Ministry addresses its partnership with private sector companies with more flexibility and reduced requirements.

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