Completion of a thousand apartments<\/b><\/p>\n
Ouj Jeddah Real Estate Development was established in 2007, out of our concern for the interest of the wise government in housing the citizen and his well-being, Ouj has done the work of the economic house and more than a thousand housing units over the life of its establishment, and Ouj Jeddah seeks to develop its products, especially since the Saudi market needs 2500000 (two million and five hundred) housing units.<\/p>\n
Proposal for cooperation<\/b><\/p>\n
\u00a0with the Ministry of Housing\u00a0<\/b><\/p>\n
\u00a0We offer a practical proposal to the Minister of Housing to provide cooperation with real estate development companies and institutions to fill the need and calculate the time factor and become a motivating factor for development companies to create products instead of exiting the real estate development market, reduce the percentage of construction costs, and work on workshops that benefit citizen housing solutions.<\/p>\n
What the Saudi Monetary Agency presented from the proposal to pay the customer 30% of the value of the financing is a burden on the citizen and is considered a disruption to the movement of housing demand and the exit of many developers from the market, and the only beneficiary of this decision is the owners of renting from apartments and villas has ensured that the tenants do not leave and go to buy housing, which causes a state of stagnation in the development process, which causes harm to the citizen and the interest belongs to the individual rather than the collective benefit, and the property in the Kingdom is cheaper than many countries around us (Emirates, Kuwait, Qatar, Egypt) and express the Kingdom an emerging country and its most youth who are looking for housing. .<\/p>\n
Acknowledgments<\/b><\/p>\n
We extend our thanks and appreciation to our wise government for its concern for the comfort of the citizen and its unlimited support for development projects, providing housing opportunities and finding alternative solutions to protect the stability of the citizen. .<\/p>","protected":false},"excerpt":{"rendered":"
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