Selling at a price raises land prices in Najran urgently

Qasim Al-Kastban Real estate specialists returned the high prices of land in Najran to what they described as “selling at a price”, stressing that it affected the imbalance of prices, and the instability of the price per square meter in the plans and lands offered, as it is sold in the “price” or “limit” manner without the existence of price rules for the property.

The real estate investor, Ahmed Jarallah Al Balabil, stated that «the high prices of lands in Najran are high and their imbalance is due to the lack of regulation in setting meter prices for each plan Land prices in Najran Al Balabil points out that the white lands in the region are very few, and they are located only in the east of Najran, while the lands west, south and north of Najran are more like farms or plots previously distributed to citizens.

He added, “The movement of the real estate market is concentrated in the schemes east of the airport, and this contributed to the rise in land prices and brought them to exaggerated limits, because most speculators and real estate developers turned to them, especially with their inability to speculate in some high-end schemes such as the Prince Mishaal neighborhood, the camp neighborhood, and the Al-Fahd neighborhood The price per square meter has reached 1,000 riyals.

He continued, "The scarcity of land led to a rise in prices, and the conglomeration of real estate in the schemes in the east of the region, being the only schemes in the region that are still within their financial reach for work and Murabaha, led to an increase in their prices " Incompleteness of the infrastructure A member of the real estate committee, Fayez Hamad Al Dhiban, who is licensed among the real estate residents, stated that “more than 10 million square meters are available in the east of the region, which are within the urban range.

” And he indicated that the eastern governorates, such as Sharurah, Yadamah, and Khabash, have large white spaces in all directions He explained that the pumping of lands is reflected in a balance in the price, provided that the infrastructure of the lands to be pumped is available, pointing out that there are some previously distributed schemes whose infrastructure has not been completed yet, adding that after ownership, services such as electricity are provided, and this is among the difficulties facing the citizen.

Late ranks Aban Al Theban said that the Najran region occupies late ranks within the regions of the Kingdom in the high price per square meter, and that it is affordable as it is sold at a price ranging from 350 riyals to 500 riyals per square meter, explaining that the efforts of the Real Estate Authority and the regulations issued such as the Saudi building code and the contractor All accredited have influenced raising the level of quality for the citizen They have become one of the tools for price control and the desired balance.

The high percentage of ownership indicated that the support provided to citizens from housing loans and cooperation with banks as well as the self-approval and construction system with the high percentage of ownership, which exceeded 65% in the ownership of the construction unit, contributed to the balance at a high rate, but he said that the Najran region faces an obstacle to the transformation of agricultural plans The 18 agricultural plots are now being converted into residential units, which are being studied for retail at the Ministry, and when they are converted into residential areas, they will contribute to a high price balance equal to the desired benefit from pumping lands to control prices The impact of the pumping The real estate marketer, Ibrahim Hassan Al-Shehhi, explained that the pumping of lands will have a positive effect on the price balance, and it is available in the region in several locations east of Najran, from Najran University in the north to the Al-Mashaliya scheme in the south, and from east Najran-Riyadh road to the Empty Quarter in the east, and from Al-Hussainiyah center in the north to Sultana Center is southwest and east of Najran-Riyadh Road, and it is very close to the urban range.

He noted that the Najran region is ranked fifth in the Kingdom in terms of exaggerated prices, which are concentrated in the Bir Askar and Al-Nahda plans Balancing prices, the real estate developer Fahd bin Zabin Al-Hilla believes that the Minister of Housing's statement to pump land due to exaggerated prices is a correct decision that guarantees a balance in real estate prices.

This has a positive effect on the movement of the real estate market,” explaining that the periodic development efforts of the regulations issued by the Real Estate Authority have a clear impact on price control Real estate prices in the Kingdom The Minister of Municipal and Rural Affairs and Housing, Majid Al-Hogail, stated that real estate prices are exaggerated, and that lands will be pumped in Riyadh, Dammam and Jeddah, and the southern region is absent despite its expansion in the southeast, which extends south and north.

This statement came on the sidelines of the Future Real Estate Forum in Riyadh, explaining the support of the leadership with a large number of lands, and ensuring that they are delivered to citizens with an integrated quality of life that guarantees the delivery of all services to the citizen, and as a first stage, these lands will be within cities Regarding real estate developers, he stated that regional and international developers will be announced who will be present in the Kingdom, not to compete with local developers, but because the Saudi market’s need for developers is very large, explaining the need for large contracting companies to keep pace with major residential plans and large housing units, and since the Najran region, which is located in the south The western part of the Kingdom is available for expansion eastward, with a northern and southern expansion, and is available for pumping and housing plans, as the population has increased according to the latest statistics that the population of Najran is 621,040 people 2020, with a population growth rate of 9% in the period between 2016-2020.

asf The real estate price indices in Najran (during 5 years) the first quarter of 2018 = 87 69, the second quarter of 2018 = 86.

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