Apartment
550 SAR
للبيع شقة تمليك 550 الف بحى لبن عرض 42
Laban, Ar Riyadh
2
3
116 sqm
Properties for sale in Laban
2 properties
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Riyadh – The Backbone Of The Kingdom
Riyadh region is home of the capital of the Kingdom, Riyadh city. Spanning across an area of more than 400,000 km2 and population exceeding 6,500,000, the region is the second largest in the Kingdom. Short distances from the Red Sea in the west and the Persian Gulf in the east have placed the region at a strategically sound spot. It has the most central location in the Kingdom.
The capital, Riyadh city, is the iconic face of the country. Famous for its architectural magnificence, Riyadh has a multitude of iconic buildings as its claim to fame. The city is home to millions of people, both Saudis and expats.
Being the capital of the Kingdom, the city is the focal point of business and administrative activity of the country. With the high number of population, property prices have also increased. The downtown Riyadh areas are fully occupied most of the year.
The relatively newer establishments have people running towards them for better prices and newer construction. Properties for sale in Riyadh are ample, but the buying power of the common man had not been enough in the past. With the housing laws implemented, situation has changed for the better.
It is not just Riyadh, properties for sale in Jeddah, Dammam and all over the country had been out of reach of the average buyer.
Riyadh And The Laban District
Riyadh is a very crowded city. In the southwestern part of the city is the calm district of Laban. The famous Wadi Laban Bridge is also in this area. The neighborhood is small and away from the city rush.
Properties for sale in Laban are easy to find and obtain. Ever since the housing laws have been implemented by the Ministry of Housing, the investor trust has increased in the real estate market.
The new laws have substantially reduced the down payment rates for homebuyers, enabling the common man to become a homeowner. Previously, the sky-high property prices and the high down payment rates came in the way of the average-income man to purchase property.
Someone with a big family could not afford a villa for sale in Riyadh. Even getting a one-bedroom apartment was not easy for many.
Thankfully, the situation has changed for the better. The government has been taking measures to increase trust in the property sector. The ultimate aim of the Saudi Vision 2030 is to empower the common man. The way to achieve it is by providing him with a fulfilling life and vibrant community.
A content citizen is a treasure for the nation. Shall you require any help regarding your property search within KSA, propertyfinder.sa is just a click away with hundreds of property listings from licensed real estate agents.