The 11th anniversary of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz's assumption of the reins of government is now upon us; eleven years of «determination and firmness» in which the Kingdom has gone a long way in realizing the objectives of «Vision 2030», until the quality of life has become a tangible reality that the citizen lives and breathes its achievements under wise leadership and close follow-up from His Highness the Crown Prince - may God protect them.

<In this prosperous era, the real estate sector has witnessed the completion of its legislative system, which enhanced the practical and scientific value of the regulations that directly affect the life and livelihood of the citizen, we have reached the stage of «real estate balance», which has drawn sustainable paths for the future, and corrected the distortions that have long occupied the scene; randomness disappeared, and with it the bubbles of speculation and the sale of illusions. The last quarter of last year witnessed tangible evidence of this maturity, with the injection of residential land at prices touching «1500 riyals» per square meter, while freeing large areas of white land for development, which returned prices to fair corrective levels.

The last quarter of last year witnessed tangible evidence of this maturity. <This leaping leap prompted us in this issue to open a thorny and vital file: «The answer to this question does not only depend on the cost of producing real estate units of land value, construction cost and profit margin, the matter is much deeper and farther; the fair price evaluation of the property is subject to a number of equations, including the life and operational life of the building, its expected value after "10 years«, for example, and the investment future of the region. The strategic location and proximity to the main axes and major projects is a pillar that balances the supply and demand equation, where competition rages and the value of the property is enhanced by the availability of services, schools, health facilities and markets. The financial solvency of beneficiaries also plays a crucial role in setting fair and sustainable price policies to ensure the attractiveness of the real estate product.

In conclusion, we appreciate the technical role played by the competent authorities in creating an "accredited valuation reference« to adjust the final prices; by accredited appraisers before the product is offered to the market or dealt with, which preserves the rights of all parties, enhances confidence in real estate projects and ensures the sustainability of growth.

In conclusion, we appreciate the technical role played by the competent authorities in creating an »accredited valuation reference" to adjust the final prices.