The rapid urbanization and population growth in the GCC have resulted in an increased demand for affordable housing units from low- and middle-income households, said an industry expert.
"Private developers have a major role
Ewaan Global Residential Company, a leading real estate developer in Saudi Arabia, has announced the completion of Phase 1 of its Alfareeda Residential Project and that affordable high quality villas are now ready for sale.
Bahrain-based Manara Developments is committed to work in close partnership with the public sector to continuously seek and develop affordable housing solutions in the Kingdom, its managing director said.
Dr Hasan Al Bastaki expressed his
Naseej, a leading real estate firm committed to affordable housing in Bahrain, said its total income for 2011 rose to BD4.1 million ($10.9 million) from BD3.5 million the previous year.
Announcing the results, chairman Khalid Janahi said,
Leading real estate experts from the region will be in Saudi Arabia this week for a key round table that will discuss the Kingdom’s affordable housing issues and also ways to tackle the problem.
Lack of supply of affordable homes is a conc
Challenges of implementing and designing affordable housing programmes and developments to meet the growing demand across the Middle East will come under the spotlight at an upcoming affordable housing summit in Muscat.
The Affordable Hous
Affordable housing will be in the spotlight in the property sector next year, offering residences that the population can afford to purchase, and not at the price at which a developer can afford to sell, according to an expert.
But this ma
Bahrain-based companies are leading the way in meeting the affordable housing challenge, and setting a leading example for all countries across the Mena region, said experts at a major housing summit held recently.
As the Bahraini Governme
Saudi Arabia will need an additional 973,000 housing units by 2015 and a total of 2.1 million units over the coming decade (215,000 units per year), said a new report by NCB Capital, Saudi Arabia’s leading wealth manager.
The NCB Capital i