In addition to citizens from the newly included countries, the tourist visa has been extended to seven other categories
gulf7 hours ago
“The sheer pressure of population growth, increases in construction costs and the shortfall in development are likely to force house prices slightly higher in Riyadh in the short term,” CB Richard Ellis said in a report.
House prices in Saudi Arabia’s second largest city, Jeddah, have also risen in the past 12 months as the city of 3.5 million faces a shortage of around 300,000 homes, the report said. While most of the demand for housing in the kingdom comes from low income individuals, the absence of a mortgage law and lack of financing is preventing developers from building for that segment of the population. With a growing population of over 25 million, 70 per cent of which are under the age of 30, the world’s largest oil exporter will need to build one million new homes by 2014, HSBC said last year.
“Developers cannot build the low-cost or ‘affordable’ housing desperately needed by large sections of the population when they know that this section of the population cannot afford the finished products,” CB Richard Ellis said on Sunday. —
In addition to citizens from the newly included countries, the tourist visa has been extended to seven other categories
gulf7 hours ago
Al-Najjar, one of the three hospitals in Rafah, is no longer functioning due to the ongoing hostilities in the vicinity and the military operation in Rafah
world8 hours ago
The tweet also informed people of the different details that a single ID card can provide
gulf8 hours ago
Airport expected to increase its capacity to 25 million passengers annually by 2027
aviation9 hours ago
Core taxi segment revenue up 15% year-on-year
business9 hours ago
The precious metal has climbed approximately 12% this year
business9 hours ago
Since last month, many residents have resorted to expensive alternatives like taxis, while others endure significantly longer travel times
uae9 hours ago
In authorised school buses, drivers and nannies are trained to conduct thorough checks of the bus before locking and leaving it
uae10 hours ago