{"id":52524,"date":"2022-11-14T12:54:24","date_gmt":"2022-11-14T09:54:24","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=52524"},"modified":"2022-11-14T12:54:24","modified_gmt":"2022-11-14T09:54:24","slug":"%d8%b2%d9%8a%d8%a7%d8%af%d8%a9-%d8%a7%d9%84%d8%aa%d8%b7%d9%88%d9%8a%d8%b1-%d9%81%d9%8a-%d8%a7%d9%84%d9%85%d9%83%d8%a7%d8%aa%d8%a8-%d8%a7%d9%84%d8%aa%d8%ac%d8%a7%d8%b1%d9%8a%d8%a9-%d9%85%d8%a7%d8%a8","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/52524\/","title":{"rendered":"Increased development in commercial offices Between growing demand and fears of a slowdown and rising prices\u00a0"},"content":{"rendered":"

Commercial Offices. survey: Solomon Goldfinch<\/strong><\/span><\/h4>\n

After a decision Requiring foreign companies to set up headquarters in Saudi Arabia<\/a><\/span>The commercial sector has been active in providing commercial offices and exhibitions with international specifications, as a result of which some developers have turned to work in this aspect to meet the expected demand.<\/p>\n

Amlak newspaper polled some interested parties about the investment opportunities in the sector and their impact on supply and demand.<\/p>\n

===========<\/p>\n

Talal al-Otaibi: Demand will be high for offices. Rental value and market value will rise<\/strong><\/span><\/h3>\n

Fahad Al Ajami: Office sector will face slow growth due to high prices in the capital<\/strong><\/h3>\n

Mutaib Al-Qahtani: The size of investment opportunities in the commercial office sector will see significant development<\/strong><\/span><\/h3>\n

\u00a0Nawaf Al-Zahrani Foreign companies' headquarters New investment opportunities<\/strong>\u00a0 <\/strong><\/span><\/h3>\n

\"\"<\/p>\n

Antique: Excellent profitability returns<\/strong><\/span><\/h4>\n

Talal Mutlaq Al-Otaibi - Al Bunyan Shores Office for Real Estate Services, emphasizing that the volume of Investment opportunities<\/a> The commercial office sector is very large and has excellent profitability returns, expecting that the real estate markets will witness remarkable activity and an increase in the volume of foreign companies that will soon open their headquarters in Saudi Arabia, after the government enacted decisions to compel them to do so, which constitutes a high demand for commercial offices, and accordingly, their rental and market value will rise.<\/p>\n

In terms of prices, Talal Al-Otaibi emphasized that the prices of commercial offices will rise due to the principle of supply and demand, and we will notice the rise in major cities that witness economic activity, while in the rest of the small cities there will be no noticeable change in prices from my point of view. .<\/p>\n

Al-Ajami: Incentivizing foreign companies<\/strong><\/span><\/h4>\n

Fahad Mutlaq Al Ajami, a joint real estate manager, said that investment opportunities in the office sector are great and demand exceeds supply according to announced statistics; however, Al Ajami said: \u201cHowever, the sector will face slow growth due to the high prices in the capital.\u201d He pointed out that the situation will be different in other cities, which will be faster in growth and coincide with the density of companies coming to them.<\/p>\n

Al-Ajami explained that the decision to require foreign companies to establish their headquarters in the Kingdom serves the commercial office sector much more than in previous years, in addition to the size of the Saudi market and the environment being conducive to foreign companies.<\/p>\n

Al-Ajami emphasized that the price increase will be more in the capital, confirming that prices will also rise in other cities.<\/p>\n

Al-Qahtani: Double the investment in commercial offices<\/strong><\/span><\/h4>\n

Miteb Al-Qahtani, a certified real estate broker and marketer, believes that the decision to attract international companies to work within the Saudi market is a promising and wise step by the leadership to create great investment opportunities, indicating that it provides many employment opportunities associated with it, stressing that the size of investment opportunities in the commercial office sector will witness a great development, which will multiply investment, and indicated that the opportunities to achieve profits for the commercial sector will be feasible, especially on the office side.<\/p>\n

As for the expected size of foreign companies, Al-Qahtani says: \u201cWithout a doubt, it will be large, thanks to the vision of His Highness Crown Prince Mohammed bin Salman, may God protect him, and the return of major international companies from this promising market supports this trend.\u201d.<\/p>\n

\u201cIn the face of all these facts, commercial office prices will definitely witness a qualitative leap,\u201d Al-Qahtani added, noting that there is a huge demand for commercial office space these days.<\/p>\n

\u00a0Al-Zahrani<\/strong>: \u00a0New investment opportunities<\/strong><\/span>\u00a0<\/span> <\/strong><\/h4>\n

\u00a0 <\/strong>There is no doubt that there is a radical change in the office development sector in line with the vision of His Highness Prince Mohammed bin Salman, may God protect him, which made the world turn to the Saudi market, which is characterized by strength, durability and sustainability, and it is natural that after foreign companies enter the Saudi market, the demand for commercial offices increases.<\/p>\n

On the other hand, and with the correction steps taken by the General Real Estate Authority in cooperation with the Ministry of Commerce and the Ministry of Human Resources and Social Development, it led to the exit of many companies and organizations that were operating under commercial cover, and this gave the Saudi market an opportunity to be a very strong market, and attractive to investments, and from this point of view some developers began to trend in the manufacture of infrastructure for corporate headquarters and trade fairs, and there are excellent opportunities for the developer to go in this direction. .<\/p>\n

Investment opportunities in this sector constitute varying percentages, but they are rising significantly, and we look forward to an increase in the number of foreign companies and their attraction to the Saudi market during the next two years by 60%, and it is very natural that prices rise in a regular manner (proportion and proportion); not randomly, as the Saudi market is the best market in terms of import and export under Vision 2030, and we see this now in the size of the influx of Gulf and foreign companies.<\/p>\n

*Chairman of the Board of Directors of Rowad United Real Estate<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>After the decision to require foreign companies to establish headquarters in the Kingdom, the commercial sector has been active in providing commercial offices and exhibitions with international specifications, as a result of which some developers have turned to work in this aspect to meet the expected demand.<\/p>","protected":false},"author":10,"featured_media":52525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[97],"tags":[],"class_list":["post-52524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-office-commercial"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post 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