Residential Real Estate Development in Saudi Arabia
Publication: Journal of Urban Planning and Development
Volume 111, Issue 1
Abstract
The decline of world energy consumption in recent years has contributed to dramatic reductions in oil production and, thus, the national revenue for Saudi Arabia, which in turn greatly affects housing development in the country. This paper examines the performance of a housing finance agency established by the government of Saudi Arabia to promote housing production in the private sector. A descriptive analysis of the agency's recent activities shows that the agency has made a significant contribution to the provision of housing stock in Saudi Arabia. Yet real estate development has slowed due to the recent economic recession. Suggestions for urban planners and policy makers on modifying the existing finance policies needed to alleviate the difficulties and to maintain a high level of development are presented.
Get full access to this article
View all available purchase options and get full access to this article.
References
1.
Annual Report 1401, Saudi Arabian Monetary Agency, Kingdom of Saudi Arabia, Saudi Arabian Printing, Riyadh, Saudi Arabia, 1981.
2.
Biehle, J. T., “Inflation—Construction Cost Escalation in Saudi Arabia,” Middle East Economic Digest—Special Report, June, 1978.
3.
Boon, J. J., “An Overview of Dwelling Forms and Residential Patterns in Saudi Arabia,” Al Faisal Architecture & Planning Journal, 1, Sept., 1981.
4.
Boon, J. J., “The Modern Saudi Villa: Its Cause and Effect,” The Arabian Journal for Science and Engineering, 7/2, 1982.
5.
Buchan, J., “Saudi Arabia,” Middle East Annual Review, J. Andrews and D. Shirreff, Eds., World of Information, Essex, England, 1980.
6.
Chamieh, J., Ed., Saudi Arabia Yearbook—1979–80, Research & Publishing House, Beirut, Lebanon, 1980.
7.
Dawawalla, S., “Financing System for Urban Housing,” Proceedings of the IHAS World Conference on Housing, Miami, Fla., Nov., 1983 (in press).
8.
Doxiadis Associates, “Formulating a Housing Program for Saudi Arabia,” Ekistics, 44, 1977.
9.
“Includes Law to Bolster City Landlords,” Quarterly Economic Review of Saudi Arabia, 1, 1982.
10.
Johns, R., “Saudi Arabia,” Middle East Annual Review, M. Field, Ed., Middle East Review Co., Essex, England, 1977.
11.
“Municipal Development,” Middle East Economic Digest—Special Report, Aug., 1982.
12.
O'Sullivan, E., “Saudi Arabia Tap Reserves,” Middle East Economic Digest, 27/14, April 15, 1983.
13.
“Population and Employment,” Quarterly Economic Review of Saudi Arabia—Annual Supplement, 1982.
14.
“The Real Estate Development Fund,” Al‐Benaa, 1/4, 1979.
15.
“Real Estate Values under Scrutiny,” Quarterly Economic Review of Saudi Arabia, 4, 1982.
16.
Second Development Plan—1395–1400 A.H. 1975–1980 A.D., Ministry of Planning, Kingdom of Saudi Arabia, Dar OKAZ, Jeddah, Saudi Arabia, 1975.
17.
Seven Year Review: 1395/96–1401/02, Real Estate Development Fund, 1982.
18.
Shirreff, D., “Saudi Arabia,” Middle East Annual Review, M. Field, Ed., World of Information, Essex, England, 1979.
19.
Shirreff, D., “Housing—Ideas Differ on What People Want,” Middle East Annual Review, J. Andrews and D. Shirreff, Eds., World of Information, Essex, England, 1980.
20.
Third Development Plan—1400–1405 A.H., Ministry of Planning, Kingdom of Saudi Arabia, 1980.
Information & Authors
Information
Published In
Copyright
Copyright © 1985 ASCE.
History
Published online: Jan 1, 1985
Published in print: Jan 1985
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.