Riyadh-Property
\n Sheikh Othman bin Sulaiman Al-Majid, Chairman of the Board of Directors of Asas Real Estate Company, highlighted the real estate initiatives introduced by the government under the guidance of the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz, may God preserve him, the most recent of which were the gracious royal decrees regarding the acceleration of the process of transferring government-owned land to Saudis and granting them loans and land for construction.
\n Sheikh Othman Al-Majid said in a statement to the newspaper \u201dAmlak\u201d: \u201d These royal decrees are considered partial solutions that contribute to the system of steady urban growth and address the worsening housing crisis in the Kingdom. A study conducted by the University of Business and Technology, titled \u00abThe Housing Crisis in Saudi Arabia\u2026Causes and Proposed Solutions,\u00bb that 28 percent of Saudis live in apartments and 28 percent live in low-income housing, The study indicated that the projected demand for housing in Saudi Arabia over the next ten years is expected to reach 1,761,000 housing units, while the total projected supply is 1,300,000 housing units, As a result, the housing supply-demand gap for the next ten years will be 453,000 housing units, meaning that we still need more economic, real estate, and development policies to bridge this gap between supply and demand.\u201d.
\n Sheikh Al-Majid emphasized that solutions to the housing crisis and real estate issues must be presented to the real estate market as a single, integrated package\u2014whether through the formation of appraisal bodies(the Council of Certified Appraisers), regulating the real estate sector, combating unregulated practices in real estate companies and agencies, and expanding access to financing and mortgages\u2014all of which together constitute part of the solution. .
\n Sheikh Al-Majid discussed the steps taken by Asas Real Estate to regulate real estate activities within its jurisdiction, which include determining the true value of real estate properties, managing sales transactions through contracts and buy-sell agreements between all parties involved, developing applications, and converting real estate transactionsfrom the customary format to the officially approved format. This is achieved by conducting studies and preparing reports on all real estate transactions\u2014including sales, purchases, leases, appraisals, and property management\u2014and organizing all such operations according to standardized templates to minimize irregularities. . <\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> 1<\/span> Minute<\/span><\/span>Riyadh - Amlak Sheikh Othman bin Sulaiman Al Majid, Chairman of Assas Al Real Estate Company, praised the real estate decisions put forward by the government under the guidance of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, may God protect him, the latest of which was the generous royal orders related to accelerating the process of providing Saudis with government lands and granting them loans and land for construction. Sheikh Othman Al Majid said in a statement to Amlak newspaper. Read more<\/a><\/p>","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[120],"tags":[],"class_list":["post-1244","post","type-post","status-publish","format-standard","hentry","category-capital-markets"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","trp-custom-language-flag":"","event-thumbnail":"","event-medium":"","event-large":"","event-hero":""},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644<\/a>","tag_info":"\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/1244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=1244"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/1244\/revisions"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=1244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=1244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=1244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}