Residential Real Estate Market In Saudi Arabia

The national capital and also the largest city in the Kingdom of Saudi Arabia is Riyadh City. The cities of Makkah and Medina are known as some of the most famous religious cities in the world, especially for Muslims. Makkah is regarded as the holiest city in the religion of Islam and is a destination of a pilgrimage known as the Hajj, being home of the Kaaba, the Islam’s holiest site. While the population of Makkah was 1.5 million in 2010, the city has approximately 15 million Muslim visitors every year, of which more than 2 million concentrated during a few-day Hajj period.
The Jeddah Tower has a triangular core that expands into three wings that will taper as they rise and then separate at the top. The form “can be interpreted as a reference to the folded fronds of young desert plant growth found in Saudi Arabia,” said Adrian Smith, the architect who designed both the Jeddah Tower and the Burj Khalifa. Because of its proximity to Islam’s holy cities of Mecca and Medina and its large port, Jeddah has long been a gateway for millions of pilgrims and developed into an important commercial hub. Since the Red Sea city is already developing north along the coast, the idea behind the project is that it will be positioned at the heart of the new Jeddah.

The General Organization for Social Investment is a government arm that administers Saudi Arabia’s social insurance scheme for workers. It provides pensions for retired nationals and benefits under the occupational hazards scheme. GOSI is supported by payroll contributions from local and expatriate workers in Saudi Arabia.
Likewise, the building roof provides other outdoor spaces where inhabitants can use for sitting or sleeping in summer nights. As far as possible, houses are arranged to ensure that an overview of other houses’ terraces is prevented according to Islamic sense of propriety. Without knowing its meaning, sustainability was deeply inherited in the traditional built environment of Jeddah.

In 1953, the Government of Saudi Arabia decided to move government offices from Makkah and Jeddah to Riyadth and to build offices for the ministries along King Abdulaziz Road. The government felt the immediate need to provide housing for all the government employees transferred to Riyadh in 1957. During the same period 2485 loans which amounted to SR.5.170 billion (US$1.378 billion) were lent to business to build 29,500 units of apartment buildings and villa compounds. These loans are interest-free and repayable in ten years, but do not, however, get the deduction privilege. Ain Alazizah Directorate in Makkah province has also granted out of its land thousand of plots to people. If all free land plots were aggregated the total will be in hundreds of thousands.
Cool air masses accordingly flow from the narrow paths to replace the hot air with different velocities that help to alleviate the air temperature and the impact of humidity . Compared with modern streets, air temperature of Jeddah traditional open spaces is found to be cooler by more than 3°C, especially during peak heat hours . Moreover, buildings are mostly configured with spaces in between to facilitate the movement of air around them. Open Access is an initiative that aims to make scientific research freely available to all. It’s based on principles of collaboration, unobstructed discovery, and, most importantly, scientific progression.
In many occasions, visiting groups of engineers – accompanied by local officials – were prohibited to step on what seemed to be reclaimed as private family land, even under the threat of deadly weapons. In such cases, the subsequent negotiations between the municipalities and the individuals would then last for many months and usually end up in land exchange arrangements. Institutional Serene Village Compound provisions and ministerial decrees have been seriously challenged in their authority by local communities and traditions when put on trial on the ground. First unveiled by Crown Prince Mohammed in 2017, this $500bn high-tech city is the flagship project of Saudi Arabia’s post-oil diversification plan known as Vision 2030 that seeks to reduce the kingdom’s reliance on hydrocarbons.

On the other hand, the Development Plan lacks policy and strategy on spatial development, which should serve as the foundation for economic, social, cultural and ecological policies of the country. Of the five projects is Murooj Jeddah, which is being built on privately owned land and houses 10,000 units, and Tanal in Riyadh which will house 1008 units and Areen in Khobar which will house 273 units. Beside the role played by the staircase to enhance air movement through the house, some houses were provided with air shafts, a treatment that developed from the traditional wind catcher “malqaf” . Assessing the impact of air shaft on the relative humidity, air movement, air temperature and the CO2 level -an important indicator of air quality- have been a main interest for some studies. The orientation of masjids towards Makkah for prayer “qiblah” affected shaping the surrounding paths and buildings. In a response, paying attention to guests’ entrance and reception areas, isolating family movement, screening windows and openings as well as balustrade, simplicity, and abstraction are major design considerations in the historical house.
Although Jeddah has had a ‘plan-led’ system for a number of years, which has loosely guided the development of the city, it has suffered from a lack of planning tools to implement urban planning initiatives, and a failure by authorities to enforce against illegal development. Many of the unplanned settlements are disconnected from the city wide vehicular transport network. This leaves many unplanned communities segregated from other parts of the city with significant limitations to integration and wider social and economic participation. Many of the unplanned settlements have limited or no direct access to main services and utilities with a significant proportion of residents living in crowded conditions. This results in unhealthy living conditions to develop with a poor quality of life for residents living in many of the unplanned settlements parts of which can be defined as slums using UN-Habitat criteria.

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