The Saudi government’s vision 2030 is well known to all. To ensure its successful implementation, the government has introduced an electronic network pertaining to rental services that will rebuild confidence in the market. This program is called “Rent”.
The foremost objective of the program is to prevent price manipulation and regulating real estate sector. The long term effect of “Rent” will be a trustworthy marketplace and significant decrease in the number of disputes between the landlord and the tenant. Under this program properties all over the Kingdom will be covered.
That means if you are sitting in Riyadh but you want to rent out an apartment for rent in Al Jubail, you can easily do so online and with confidence. Similarly, you will be able to get a better offer once you know the real worth of your property.
You can’t just turn away every candidate for a chance that someone would pay more.
With the program in place, you will know the right price for your property and so will be able to make decisions on the go. Whether you are searching for properties for rent in Al Kharj or properties for sale in Dhahran, the proses will be smoother than ever.
Impact Of The “Rent” On Small Cities
The new “Rent” program is a blessing for smaller cities in particular. The big, metropolitan cities are already filled to the brim. The downtown areas are overly expensive and the quality of life offered is not at par with the money being paid.
However, the smaller cities have much more potential of utilizing this program. The small cities offer better prices for similar accommodations. For example: a villa for rent in Al Kharj will cost you almost as much as an apartment for rent in Ash Shati Jeddah. Apart from the price factor, there are numerous other benefits of living in a cozy little town.
The people are more accepting, there is less traffic and even much reduced noise. When it comes to Al Kharj, the city has a lot to offer. The big cities are constantly expanding. With focus shifting from central areas to the quieter outskirts. A big example is the national capital city.
The downtown area of Riyadh had been swamped with people and so the decision was taken to develop and promote the King Khalid Airport district. The demand for properties for rent in King Khalid Airport district quickly rose and it is turning out to be the new hotspot.
If progress continues at the same pace, the real estate sector in Saudi Arabia will be overhauled in no time. Wherever you decide to set up camp, it would be helpful to remember that propertyfinder.sa is with you. With an extensive list of properties provided by licensed estate agents for your comfort.