In a cosmopolitan atmosphere dominated by a cloud of concern over the countries’ economies, there are multiple questions looking for extensive studies evaluate and forward-looking Geo economic, the world witnessed the crisis exploded in September of 2008 did not happen like since 1929, where became factors of the crisis and its causes clear to analysts and scholars, as venture business model ,severe extravagance in borrowing and environmental strikes that occurred to Japan and before the tsunami all these combined together to be the causes of the crisis and its extension.

Because the world has become a small village all its countries affected by anything happens to any country ,and this crisis has reflected , which its repercussions is still visible, on the economies of the Gulf states that considered a global economic partner its land pumps the most product in need of a world which is oil.

Saudi economic

And considering that the Saudi economy is linked to the global economy, opinions were heading towards affected Saudi economy by tremors and aftershocks of global economy but the big picture effectiveness does not appear yet. As oil prices still typical and achieve universal numbers, and the the Kingdom exports of petrochemical don’t record clear recession as an indication of the seriousness of the situation. The internal and external investments of oil revenues flowing are consider the largest guarantor of the continuity of the Saudi economy wheel and reduce the negative effects. Amaar real estate believes that local economy components including real estate companies are affected by the crisis and its aftermath. This crisis has investigated in-depth study on the real estate market in the Kingdom by Orientalist study put outlined before readers.

The Saudi realty market during the next ten years is expecting to witness significant recovery and development as a result of the recent stimulus package, launched by the Custodian of the Two Holy Mosques King Abdullah – May God protect him.

Raising the minimum of mortgage to 500 thousand riyals is important to enable citizens from owning housing either by independent units system or apartments, which will eventually lead to a major recovery in business, construction and sales development field.

The decision of building 500 thousand residential units helps to reduce the size of the gap on housing demand, estimated at approximately 250 thousand units annually.

The decision of building 500 thousand residential units helps to restore the balance of the real estate market, especially which it will be built on respected government land and will be insurance in all areas. These stimulus decisions leads prominent role in the return of investment for the domestic market and increasing its pumping largely in realty sector, which leads to the establishment and opening of projects related to service the real estate sector widely and it’s various aspects, both in relative to building materials, as well as the construction sector and will have a significant impact on providing of tens thousands of job opportunities for Saudi youth.

One of the of stimulus package effects in the real estate market is the expecting entry of foreign firms to work in the field of real estate finance and the expansion of local banks in the area of ​​borrowing guarantees which totally contributes in transforming the Saudi real estate market to a magnet for investors in light of the adoption of the financing system and the mortgage.

Future Vision for the Saudi real estate sector

All indicators show that the Saudi real estate market in a state of investment recovery at the field of real estate in similar way to the pounce years in the Kingdom.

These strings points to the increasing numbers of real estate investment projects and the transactions volume, reflecting the presence of a promising investment climate compared to previous recessions.

Installment Sector indicators show increased demand for borrowing services in the field of construction and home ownership.

The implications of real estate offices point to the increasing of commercial business with respect to real estate buying and selling operations (land – Villas – groves) and due to be appropriate and healthy environment in the market. Developers and realtors are expecting that the coming years will witness a number of development projects in the light of the availability of the positive investment climate in that sector and the readiness of many real estate companies after completing the establishment procedures and others’ acquisition of raw land for their projects. Real estate analysts have likened the expected increase in real estate activity in the coming years by high demand for real estate projects as a result of increasing in the purchasing power of individuals in addition to the cooperation of the competent authorities.