Real estate consultancy has been the major driving force behind the construction and property boom in Saudi Arabia, according to Esrar Real Estate, a leading provider of marketing and consulting services in the kingdom.
Real estate consultancy has been the vital driving force for the construction and property boom in Saudi Arabia, as per Esrar Real Estate, the main supplier of showcasing and counseling administrations in the realm.
Esrar Real Estate was spotting the increasing role of consultancy services in the rise of the Saudi property sector by encouraging excellence, quality, and professionalism contained in the industry.
The company’s big emphasis on property market consultancy comes over the backdrop of increasing mega projects in Saudi Arabia, driven by Saudi Vision 2030, which goal to make the kingdom a developing worldwide investment hub as a piece of its bid to construct a more varied, resilient and sustainable economy.
As per Esrar, the big real estate developers in Saudi Arabia have been joining property consultants for professional and integrated solutions.
Consultants also help investor engagement and proper organization for selecting the most suitable investments. Through consultancy, investors get the approach the key data, containing technical specifications, pricing, and marketing, that will help them to make a more provided step.
Real estate consultancy services in Saudi Arabia are getting a fraction, providing an uplift to large-scale real estate projects that are important to the kingdom’s comprehensive rise and development. Consultants in the field are censorious to cutting risks and the possibility of errors that may result in big resource losses.
Real estate developments in the kingdom are increasing as the government proposal to turn Riyadh into one of the 10 largest economic cities in the world by getting a capital development plan.
It will be attained by twice the size of the capital city to get in 15 million people, said the top expert.
The sector’s expansion is also being driven by the government program which focuses to improve the rate of homeownership in Saudi Arabia to 70 percent by 2030, it added.
Esrar CEO Mohamad Rabih Itani said: “The real estate sector has emerged as a strong engine powering the economic diversification policies of countries undergoing an economic transformation.”
Saudi Arabia, he told, has been jumping on pioneering and transformational infrastructure upgrading projects, in line with the Saudi Vision 2030 initiative.
“Within this context, Itani emphasized the necessity to reinforce the real estate sector to ensure it can keep up with market changes. Through real estate consultancy services, risks and losses can potentially be reduced as success in desired investment returns is achieved” he added.
He also says real estate consultancy has proven its part as a driving force behind the flourishing real estate and building sectors in the kingdom.
“The service is significant as the value of the assets of the Saudi Public Investment Fund (PIF) is expected to balloon to SR4 trillion ($1.06 trillion) by 2025,” noted Itani.
“Undoubtedly, the large-scale property projects in Saudi Arabia are driving the demand for real estate consultancy services which, in turn, foster professionalism and competitiveness within the local property market. A vibrant real estate contributes to the economy and society,” he added.
Itani called attention to that joining forces with the correct land engineer was one of the key fundamental strides prior to executing land projects.
It wants a thorough and comprehensive study that requires real estate consultants, he stated.
These experts increase the value of the neighborhood business which upholds other financial areas like the travel industry, friendliness, exchange, retail, industry, diversion just as coordinations through modernization and foundation advancement, for example, edifices, structures, offices, focuses, and stockrooms, he added.