DAAR Competitors Projcets in Riyadh Exhibition

DAR Al-ARKAN Competitors Projects Offered in Riyadh Exhibition

Prepared by: Dr. Ahmad Abdulrahman

June, 30th,2010

No Contents Page

1 Summary. 5

2 Overview. 10

3 Objectives. 11

4 Methodology. 12

5 Competitors’ Projects Offered in Riyadh Exhibition: 13

5.1 Thabat Company. 13

5.2 Al-Argan Projects Company. 15

5.3 Rafal Company. 16

5.4 The Land Company. 18

5.5 Injaz Company. 19

5.6 Affordable House Company. 20

5.7 Ra-Yek Company. 21

5.8 Rashid Saad Al-Rashid Company. 22

5.9 Slman Bin Saeedan Group 23

Contents

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5.10 Al-Oula Company. 24

6 Real Estate Marketing Agents Participated in Riyadh Exhibition: 25

6.1 Bussma Real Estate Management Company. 25

6.2 National Pearl Company. 26

6.3 Koden Real Estate Marketing Company. 27

6.4 Dawawen Company. 28

6.5 Great Company. 29

6.6 Saudi Cities Planning Company. 30

7 Villas Prices Offered By Marketing Agents. 31

8 Villa Average Price Per Square Meter. 33

9 Apartments Prices Offered By Marketing Agents. 34

10 Apartments Prices Per Square Meters. 35

11 Land Prices Offered By Marketing Agents. 36

Contents

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12 Financing Companies Participated in Riyadh Exhibition: 37

12.1 Dar Al-Tamleek Company. 37

12.2 Deutsche Gulf Finance Company. 38

12.3 Amlak International Company. 39

13 Banks Participated in Riyadh Exhibition: 40

13.1 Riyadh Bank. 40

13.2 Al-Rajhi Bank. 41

13.3 National Commercial Bank. 42

13.4 Al-Inma Bank. 44

13.5 Al-Bilad Bank. 45

13.6 Al-Jazera Bank. 46

13.7 SAAB Bank. 48

14 Appendixes: 49

14.1 Riyadh Exhibition Sponsorship. 50

14.2 Organizations Participated in Riyadh Exhibition. 51

Contents

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Riyadh Real Estate Exhibition(Resta Tex13) was organized in Riyadh International Center in the period(9-12 May,2010).

The Exhibition was attended by real estate development companies, real estate marketing agents, real estate financing companies, banks, advertisement agencies ,Riyadh Development Authority, and the Chamber of Commerce.

Below are the major real estate development companies participated in Riyadh Exhibition:

1. Thabat Company.

2. Al-Argan Projects Company.

3. Rafal Company.

4. The Land Company.

5. Injaz Company.

6. Affordable House Company.

7. Ra-Yek Company.

8. Rashid Saad Al-Rashid Company.

9. Slman Bin Saeedan Group.

10.Al-Oula Compnay.

Summary

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It was noticed that a lot of the well known real estate development companies were not participated in Riyadh Exhibition, e.g Dar Al-arkan, Dalla Al-barakaa, Al-Ali, Al-Musa, Al-Saab, Al-Baltan Real Estate Group, Al-shebeely Company ………etc.

The weak participation of real estate companies in Riyadh Exhibition can be attributed to the reflection of global financial crisis on the Saudi real estate financing market, e.g: Al-Wasl Project belongs to Limitless company(a Dubai based company) was frozen due to financial deficits facing the company.

Most of the residential units projects offered in the Exhibition were of small sizes, except Nasamat Al-Riyadh Project and Manazel Qurtoba Project.

Nasamat Al-Riyadh Project which belongs to Thabat Company was the biggest residential project offered in the Exhibition. It composes of (4,200) residential units, followed by Manazel Qurtoba Project which composes of (1,400) units, and belongs to Al-Argan Projects Company.

Villas prices offered by development companies ranging from(SR 550,000) to (SR 3,300,000).

Apartments prices offered by development companies start from(SR 400,000).

Summary-Continue

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Al-Gamra Project belongs to Injaz Company was the biggest developed land project in Riyadh city offered in the Exhibition, followed by Ajmakan Project which belongs to The Land Company.

It was obvious that all of the projects offered in the Exhibition were previously announced projects. So there was no new project offered in the Exhibition.

The most important event associated with the Exhibition was the off plan sales license granted to Thabat Company to sale Nasamat Al-Riyadh Project.

The major real estate marketing agents participated in the Exhibition are listed as follows:

1. Bussma Real Estate Management Company.

2. National Pearl Company.

3. Koden Real Estate Marketing Company.

4. Dawawen Company.

5. Great Company.

6. Saudi Cities Planning Company.

Bussma and National Pearl companies are the most active real estate marketing agents in the market.

Summary-Continue

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The real estate agents are marketing other individual developers projects as well as their own projects.

Villas prices offered by marketing agents in northern Riyadh ranging from (SR 1,000,000) to (SR 2,800,000).

Villas prices offered by marketing agents in western Riyadh and southern Riyadh ranging from (SR 600,000) to (SR 1,300,000).

Apartments prices offered by marketing agents in southern Riyadh and western Riyadh ranging from(SR 225,000) to (SR 460,000).

Average price per square meter for Villas in northern Riyadh is (SR 3,704).

Average price per square meter for Villas in southern Riyadh is (SR 2,160).

Below are the real estate financing companies participated in the Exhibition:

1. Dar Al-Tamleek.

2. Deutsche Gulf Finance.

3. Amlak International.

These real estate financing companies offering variety of financing options to customers to buy residential units.

Summary-Continue

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The financing options are characterized by long term financing period, and

soft financing conditions.

Banks participated in the Exhibition are depicted as follows:

1. Riyadh bank.

2. Al-Rajhi bank.

3. National Commercial bank.

4. Al-Inma bank.

5. AL-Bilad bank.

6. Al-Jazera bank.

7. SAAB bank.

Some banks signed memorandums of understanding with real estate developers to finance customers to buy residential units.

The banks and the real estate financing companies are almost following similar regulations for financing customers to buy residential unit.

Summary-Continue

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Riyadh Real Estate Exhibition(Resta Tex) is an annual symposium for real estate companies and the related parties to exhibit their products and services.

It is considered as the most important opportunity for real estate companies in Saudi Arabia to offer their products.

The Exhibition is an important arena for real estate companies to introduce themselves to the market and to build their images.

This year the Exhibition was organized in the period(9-12 May,2010).

The Exhibition was attended by real developers, real estate marketing agents, financing companies, banks, and media agents.

This research is depicting the products offered by real estate development companies participated in the Exhibition.

The research also explains the regulation created by the real estate financing companies and the banks to finance customers to buy residential units.

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Overview

Depicting DAAR competitors participated in Riyadh Exhibition.

Identifying competitors projects features and execution status.

Determining competitive advantages of DAAR competitors.

Providing a data base for comparing DAAR’s products with its competitors products.

Figuring out the rules and regulations created by the real estate financing companies and the banks to finance customers to buy residential units.

Providing data necessary for efficient decision making.

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Objectives

Competitors sites in Riyadh Exhibition were visited for two days, and discussions were undertaken with the salesmen, and brochures were collected.

Competitors’ websites were researched for collecting data.

Competitors’ projects sites were visited.

Competitors’ sales offices were phoned to collect data.

Data was analyzed and the report was generated.

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Methodology

1.Thabat Company:

Overview:

The company is owned by an alliance of Talaat Mutafa Group & Al-oula Company. The company offered Nasamat Al-Riyadh Project in the Exhibition. The project is located in north eastern Riyadh, to the east of Riyadh Air Port.

It was projected to build (4,200) villas and apartments in 3 phases. The total land area is 3,000,000 m2.

10 mock up villas are under construction and some of them in the finishing stage. Models available:

• 7 models of villas with build up areas ranging from (363 m2) to (665 m2), and lands sizes ranging from (400 m2) to (1,000 m2).

• 3 models of duplexes with build up areas ranging from (235 m2) to (320 m2), andlands sizes ranging from(250 m2) to (420 m2).

• 8 models of apartments with build up areas ranging from (129 m2) to (358 m2). Prices:

• Villas prices ranging from (SR 1,100,000) to (SR 3,000,000).• Apartments prices starting from (SR 400,000).• Square meters prices for villas ranging from (SR 2,750) to (SR 3,000).• Square meters prices for apartments starting from (SR 3,100).

Competitors’ Projects Offered in Riyadh Exhibition

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1.Thabat Company - Continue:

Overview:

Payment Terms:

• 20% advance payment.

• Installments paid within 3 years.

• Units will be sold as off plan products.

• The company obtained a license for off plan sale from the Ministry of Commerce.

• It is the first company to obtain an off plan sale license. Amenities available:

• Schools.

• Parks.

• Mosques.

• Clinics.

• Social centers.

• Malls.

• Municipality office.

• Police station.


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2.Al-Argan Projects Company:Overview:

The company offered Manazel Qurtoba project in Riyadh Exhibition.

The project is located in Qurtoba district, to the east of Sabic head office building.

The land area is 360,000 m2. It was projected to build 1,400 residential units in several phases. Currently 400 villas being constructed. Most of the villas were sold and occupied. Some villas are ready for sale and handing over, and others are under construction.

Models Available:

• Two models of villas are available in two sizes (384 m2 & 399 m2).

• Three models of duplexes are available in three sizes (240.5 m2, 241m 2 & 237.5 m2).

Prices:

• Duplexes prices starting from(SR 750,000).

• Villas prices starting from (SR 1,200,000).

Payment Terms:

• 20% of villa price is paid in advance and the rest is paid in installments.

• Installment via Amlak company & Riyadh bank.

Amenities available:

• Schools, shopping malls, restaurants, and mosques.


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3. Rafal Company:

Overview:

(1) Blncyah Project:

• The company offered Blncyah Project in Riyadh Exhibition.

• The project is located in King Abdulaziz district, adjacent to Khorais high way and

near Al-Ehsa roundabout.

• The project overall area is (85,946 m2), composes of 144 villas.

• 75% of the villas were sold, and handing over started by the end of May, 2010. Models Available:

• Andalucían villas:consist of 4 models with build up areas ranging from(321m2) to (469m2).• Spanish villas: consist of 6 models with build up areas ranging from(321m2) to (493m2). • Classic villas: consist of 4 models with build up areas ranging from(390 m2) to (420 m2).

All the smaller sizes villas were sold.

The build up areas of unsold villas are: (395m2, 411m2, 463m2, and 478m2).

Prices:• Villas prices ranging from (SR1,500,000) to (SR 2,600,000), but the smaller sizes

were sold.• Prices of unsold villas are ranging from (SR 1,570,000) to (SR 2,385,000).


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3. Rafal Company - Continue:

Overview: Payment Terms:

• Cash. • Installment via banks and financing companies.

Amenities:• Landscaping.• Security.• Smart telecommunication technologies.• Walk way.

(2) Rafal Hotel Project: • The company also offered Rafal hotel in Riyadh Exhibition. • It is a 5 star hotel composes of 62 floors.• Built in Al-Sahafa district. • Excepted to be completed in march,2013.


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4.The Land Company:

Overview: The company is owned by an alliance of Al-Rajhi investment group & its partners. The company offered Ajmakan Project in Riyadh Exhibition. The project is located north western Riyadh, near the new extension of the western ring

road. Products description:

• The project is a developed land with a total area of 1.9 million square meters.• It was planned to build palaces, villas, retail strips, offices, shopping malls, hotels

and serviced apartments in the project land.• The company sells the land to investors and individuals.• Land areas ranging from (400 m2) to (760 m2).

Prices: • Lands prices per square meter ranging from (SR 500) to (SR 2,600).

Amenities available:• Schools.• Police station.• Parks.• Mosques.• Shopping malls.• Hotels.


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5. Injaz Company:

Overview: (1) Al-Gamra Project:

• The company offered Al-Gamra Project in Riyadh Exhibition.• Located in northern Riyadh, on Abubaker Alsedeeg road. It is 12 kilometers to the

north of the northern ring road.• Consists of developed land projected to be residential and commercial buildings.• The project occupies more than 2.5 million square meters divided into 4 blocks.• The land is sold to investors and end users.

Payment Terms:• Cash or financing via banks.

Amenities available:• Roads net works, lighting, electricity, landlines, water systems, gardens and

side walks. (2) Al-Marina Project:

• The company also displayed Al-Marina Project in Riyadh Exhibition.• Located in the eastern province.• Linking Al-khobar and Dammam on their sea front.• The project includes luxury villas, multi use towers, and hotels.• The land area is 3.3 million square meters.


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6. Affordable House Company:

Overview: It is a subsidiary company to Bin Saedan Real Estate Group. The company offered sunset project in Riyadh Exhibition. The project is located in western Riyadh near Jeddah high way. Located 12 kilometers to the west of diplomatic district. Near King Abdulla International Parks. The project is providing homes for middle income segment. Product description:

• Consist of 300 villas executed in several stages.• The first phase execution launched on the 3red quarter of 2009.• Villas consist of 3 models with build up areas ranging from (282 m2) to (323 m2).• Villas lands sizes ranging from (352 m2) to (728 m2).• 5 models of villas are available.

Price:• Villas prices starting from (SR 550,000).

Payment Terms:• Cash.• Installment via banks or financial companies.


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7. Ra-Yek Company:

Overview:

The company belongs to Al-Aglan Group. The company offered the following projects in Riyadh Exhibition: (1) Nakheel Tower:

• It is a five star hotel composes of 26 floors.• Located on King Fahad road, near Dalla hospital.• The company contracted with a well known international hotel company to

manage the hotel.• It is about to be completed.

(2) Riyadh Commercial Tower:• It is an office space building.• It composes of 52 floors plus 4 floors for parking service.• Located on the front end of King Fahad road near Oulia street.• The company won the prize of the best commercial project in Cityscape Exhibition

(2009),for developing Riyadh Commercial Tower. (3) Avenue Villa project:

• It is located in eastern Riyadh at the intersection of the new eastern ring road(Jaber Al-Sabah Road) and Khorais road.

• The project is characterized by its nearness to King Fahad Hospital, King KhalidMilitary College, and National Guard Officers’ Club.


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8. Rashid Saad Al-Rashid Company:

Overview: The company offered AI-Nowras villas project in Riyadh Exhibition. It is located in Al-Khobar city in eastern province. Products description:

• The project composes of 44 villas with two models(A & B).• The build up area for model (A) is (345m2). • The build up area for model (B) is (465m2). • 40 villas available from model (A).• 4 villas available from model (B).• The villas are ready for handing over.

Payment Terms:• Cash payment. • Installments for five years via Al-Rajhi bank.

Prices:• Villas prices ranging from ( SR 1,200,000) to (SR 1,350,000).


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9. Slman Bin Saeedan Group:

Overview: Al-Rehab Project was offered by the company in Riyadh Exhibition. The project is located in north western Riyadh, to the east of Shams ArRiyadh Project. Products description:

• Al-Rehab Project is a developed land divided into residential and commercial blocks. • 48 villas will be built in phases and the other parts will be sold as land blocks.• 20 villas are in skeleton stage.• Villas average size is (715m2).

Some units were sold. Prices:

• Prices ranging from (SR 1,670,000) to (SR 3,300,000). Financing Model:

• Slman Bin Saeedan Company has obtained a license to establish a real estateinvestment fund to finance the project.

• Kasab Financial Group was recruited to manage the fund according to Saudi StockMarket regulations.

• After collecting money from underwriters Al-Rehab project was owned by Kasab RealEstate Investment Fund.

• Once the project is sold the proceeds will be distributed to the underwriters. Amenities available: Commercial malls.


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10. Aloula Company:

Overview: The company offered an industrial city in Riyadh Exhibition. The industrial city is located 30 kilometers to the south of Riyadh city on Alkharj road. The land area is 3,300,000 square meters. Products description:

• The project is mixed use development of heavy, medium and light industrialcombined with commercial, office, residential, retail, training center, ware houses.

• The project is executed in three phases.• The first phase is projected to be completed in 2011, then the second phase is

completed in 2012 and the third phase is completed in 2013. The project is provided by electricity, paved road, sanitary services,…….. etc The land will be sold to investors.


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1. Bussma Real Estate Management Company:

Overview:

Established in 2007 by Abdulaziz Al-Saghyir Commercial Investment Company & Khalid Al-Baltan Real Estate Group.

Has branches in central, western, and eastern regions.

The properties managed by the company is evaluated by 12 billion riyals.

Company’s Vision:

• To be the biggest worldwide professional real estate services provider using the most advanced technology.

Company’s Mission:

• Provide real estate services and solutions to investors, companies and individuals in both real estate and commercial business, helping them achieving their projects and investments in professional ways.

Services Provided by the Company:• Property management.• Real estate marketing.• Real estate appraisal.• Real estate development services.• Real estate location finding. • Real estate investment service.

Real Estate Agents Participated in Riyadh Exhibition

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2. National Pearl Company:

Overview:

Established before more than ten years by famous business men.

The chairman is Rajeh Al-Ajmay.

Has 5 branches in Riyadh city.

Company’s Vision:

• Stability of Saudi family via providing homes with reasonable prices.

• Providing free maintenance warranty for properties marketed by the company.

• Providing properties with suitable areas in several districts of Riyadh.

• Providing good working environment for Saudi youth in the company.

Company’s Objectives:

• To be the first apartment marketer in the kingdom .

• Opening braches all over the kingdom.

• Establishing a financing company. Services Provided by the Company:

• Property management.• Real estate marketing.• Real estate appraisal.


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3. Koden Real Estate Marketing Company:

Overview:

Koden is a real estate marketing company located in Riyadh.

Services Provided by the Company:• Commercial projects marketing.• Housing projects marketing.• Real estate evaluation services.• Feasibility studies for projects.• Conducting marketing studies.• Financial support solutions.

Projects offered by the company in Riyadh Exhibition:

1. Green yard Project: Composes of 14 villas in Al-Yasmin district in northern Riyadh.

2. The best House Project: Composes of 25 villas in Al-Rabee district. Located

southern Kingdom Hospital.

3. Dream Tower: It is an office space tower composes 26 flowers. Located in King

Fahad road.

4. Happy Apartment: A housing building composes of 38 apartments in Laban district.

5. Moon Tower: An office space tower, located in Al-Rahmania district.


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4. Dawawen Company:

Overview:

Dawawen is a real estate marketing company located in Riyadh.

It is a sister company to a group of companies working in several activities.

Company’s Activities:

• Real estate marketing, appraisal, development, and properties management.

Projects offered by the company in Riyadh Exhibition:

(1) Al-Safaa Project:

• Located in Al-kharj city, and Composes of 400 villas.

• Villas average price is (SR 450,000).

• Villas land area ranging from (585m2) to (1,200 m2).

• Land prices starting from (SR 43,000).

(2) Masaken Project:

• Located in Thaharat Laban district, and composes of 87 apartments.

• Apartments sizes ranging from (105 m2) to (214 m2).

• Apartments prices ranging from (SR 207,000) to (SR 437,000).

• Price per square meter ranging from(SR 1,971) to (SR 2,042).


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5. Great Company:

Overview:

Great is an abbreviation for Gulf Brokerage Company.

Established in 2007 by some real estate developers in UAE.

Managing projects in KSA & UAE.

Services Provided by the Company:• Real estate marketing.• Real estate evaluation services.• Leasing services.• Properties management.• Investment consultancy.• Conducting marketing studies.

Company’s Projects in KSA offered in Riyadh Exhibition:

1. Rowdat Al-Khaldia Project: It is a developed land project located in Al-Khobar city,

with a total area of (2,000,000 m2).

2. Al-Mohammadia Project: It is a developed land project located in Jazan, with a total

area of (3,500,000 m2). The third phase of the project

was sold within 3 months by(SR 60,000,000).


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6. Saudi Cities Planning Company:

Overview:

It is limited liability company located in Riyadh.

Company Activities:• Marketing properties for investors.• Properties management.• Real estate development for investors.

Company’s Projects Offered in Riyadh Exhibition:

1. Raw land in Sakaka:

• The project was belong to Al-Fahad Establishment.

• The total land area is (4,000,000 m2).

• The project was developed and sold.

2. Raw land in Khobar:

• Belongs to Al-Fahad Establishment.

• The land total area is(500,000 m2). It was developed and sold.

3. Raw land in Riyadh:

• Located in Al-shifa district. It was belong to Al-Fahad Establishment.

• Land total area is (1000,000 m2). It was developed and sold.


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Villas Prices Offered By Marketing Agents

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Villa Price Villa Size Location Agent Name

SR 1,600,000 438m2 Al-Falah District Al-Rasheed Real Estate office

SR 1,300,000 375m2 Al-Falah District Al-Rasheed Real Estate office

SR 1,400,000 436m2 Al-Falah District Areez For Real Estate

SR 1,900,000 507m2 Al-Falah District Atamimi For Real Estate

SR 1,800,000 480m2 Al-Falah District Atamimi For Real Estate

SR 4,000,000 1,200m2 Al-Falah District Atamimi For Real Estate

SR 1,350,000 412m2 Hiteen District Areez For Real Estate

SR 1,800,000 440m2 Hiteen District Areez For Real Estate

SR 3,600,000 750m2 Al-Wahaa District Emaar Al-wahaa For Real Estate

SR 4,200,000 850m2 Al-Wahaa District Areez For Real Estate

SR 5,000,000 825m2 Al-Wahaa District Areez For Real Estate

SR 3,500,000 (Skeleton) 779m2 Al-Wahaa District Areez For Real Estate

SR 1,600,000 675m2 Al-Ageeg District Areez For Real Estate

SR 1,800,000 – SR 2,500,000 528 - 650m2 Al-Malgaa District Al-Sowailem For Real Estate Investment

SR 1,600,000 600m2 Al-Malgaa District Areez For Real Estate


Villas Prices Offered By Marketing Agents

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Villa price Villa Size Location Agent Name



SR 1,400,000 450m2 Al-Sahafaa District Areez For Real Estate




SR 800,000 400 m2 Al-Suwady district Al-Areny For Real Estate

SR 800,000 325 m2 Al-Suwady district Suqok Nagd

SR 1,300,000 442 m2 Al-Badyaa district Suqok Nagd

SR 1,200,000 440 m2 Zaharat Al-Badyaa district Suqok Nagd

SR 900,000 500 m2 Ashifaa district Atamimi For Real Estate

SR 750,000 400 m2 Ashifaa district Al-Areny For Real Estate

SR 1,300,000 1160 m2 Al-Eryga central district Atamimi For Real Estate

SR 600,000 312 m2 Al-Dar albyda district Durat Atmleek Real Estate Company

Villas Average Prices Per Square Meters

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District Villa Average Price Per Square Meter

Al-Wahaa District SR 4,875

Hiteen District SR 3,697

Al-Falah District SR 3,499

Al- Sahafaa District SR 3,256

Al-Malgaa District SR 3,193

Al-Badyaa district SR 2,941

Zaharat Al-Badyaa district SR 2,727

Al- Ageeg District SR 2,370

Al-Suwady district SR 2,206

Al-Dar albyda district SR 1,923

Ashifaa district SR 1,833

Al-Eryga Central district SR 1,120

Average price per square meter in northern Riyadh SR 3,704

Average price per square meter in southern Riyadh SR 2,160

Overall Average Price Per Square Meter SR 2,803

Apartments Prices Offered By Marketing Agents

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Apartment Price Apartment Size Location Agent Name

SR 225,000 140 m2 Ashifaa district Agyad Real Estate Company

SR 260,000 105 m2 Ashifaa district Atamimi For Real Estate

SR 240,000 134 m2 Ashifaa district Individual investor.

SR 290,000 83 m2 Laban district National Pearl Company

SR 232,000 105 m2 Laban district Dawawen For Real Estate

SR 460,000 196 m2 Laban district Dawawen For Real Estate

SR 250,000 123 m2 Al-Azizia district National Pearl Company



SR 250,000 125 m2 Al-Azizia district Individual investor.

SR 340,000 170 m2 Al-Azizia district Individual investor.




Apartments Prices Per Square Meters.

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District Apartments Average Prices Per Square Meters

Ashifaa district SR 1,958

Laban district SR 2,557

Al-Azizia district SR 1,930

Al-Dar albyda district SR 2,000

Overall Average Price SR 2,111

Lands prices Offered By Marketing Agents

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Land Price Per Square Meter Location Agent Name

SR 2,400 – SR 2,700 Al-Wahaa District Abdulla Fahad Al-Owaidaa For Real Estate

SR 2,300 Al-Wahaa District Al-sameem For Real Estate

SR 1,500 – SR2,500 Al-Falah District Al-Rasheed Real Estate Office

SR 1,100 – SR 1,800 Hiteen District Dar Al-shargeya Real Estate Office.

SR 1,100 – SR 2,150 Al-Sahafaa District Areez For Real Estate

SR 800 Al-Malgaa District Atamimi For Real Estate

SR 470 Al-Ageeg Atamimi For Real Estate

1. Dar Al-Tamleek:

Overview:

It is a real estate financing company established by a group of companies in partnership with the General Organization for Social Insurance.

This company provides finance for individuals to obtain homes via the following financing instruments: Murabaha, Ijarah with ownership appointment, and Ijarah Mausufa Al-Zimah.

Financing Terms:

• Monthly income not less than SR 5,000.

• Financing term up to 30 years.

• Financing up to SR 5,000,000.

• Financing up to (90%) of home price.

• Age not more than 65 years for self employed applicants.

• Age not more than regular pension age for salaried employees.

Features:

• Heirs exempted from paying installments in case of death.

• Cooperative insurance against risks.

• Joint ownership option is available.

Financing Companies Participated in Riyadh Exhibition

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2. Deutsche Gulf Finance:

Overview:

Established in 2009 by an alliance of Deutsche Bank and Al-Rajhi Bank.

Providing the following financing facilities to customers to purchase homes:

• Classic home financing facility.

• Enhanced home financing facility.

• Flex home financing facility.

Financing to purchase a home, or to construct a home.

Refinancing an existing home.

Financing first time homebuyers and financing home purchasing for investment purpose.

Financing Terms:

• Applicants to be salaried employees customers, or self employed customers.

• Financing terms ranging from 5 to 30 years.

• Financing up to SR 5,000,000.

• 20% down payment.

• Seasonally adjusted installments payment is offered.


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3. Amlak International:

Overview:

Established by an alliance of: Saudi Investment Bank, Amlak Finance Co., Al Baraka Bank, Aseer Group, AlMakarim Co., and others.

Mission: A solutions provider in finance & real estate development.

Vision: To become the leading real estate finance & development company in the

Kingdom.

Products: Providing real estate finance via the following financing products:

• Ijarah, murabahah, refinancing products, incomplete property financing, and ijarahmausufah al-zimah.

Financing Terms & Features:• Minimum (SR 8,000) income for applicants, and (SR 5,000) for co-applicants.• Minimum 21 years old for applicants and co-applicants.• Down payment starting from(10%).• Financing up to 25 years.• Financing amount up to (SR 3,000,000).• Property title is transferred to customer’s name, once all installments paid.• Providing an option for joint ownership between husband and wife.• Heirs exempted from paying installments in case of death.


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1. Riyadh Bank:

Overview:

The bank provide customers with mortgage finance to own villas, apartments, pieces of lands, and residential buildings via the following sharia compliant financing options:

•Murabaha.•Ijara with the promise of ownership.•Specified liability Ijarah.

Financing Terms and Features:• Salary not less than (SR 4,000).• To be an employee in a governmental organization or in a private company.• Working duration not less than 6 months.• Financing amount up to SR 5,000,000.• Financing term up to 30 years.• No advance payment required.• Joint ownership option is available.• Heirs exempted from paying installments in case of death.• Cooperative insurance for the home. • Home is registered in customer’s name immediately in case of murabaha financing.

Banks Participated in the Exhibition

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2. Al-Rajhi bank:

Overview: The bank provides real estate financing to customers to purchase land, villa, apartment,

commercial building, or to build a home.

Financing Terms and Features:

• Area of the land to be purchased is not less than 200 m2.

• The property is to be completed before financing.

• Property is not to be more than 20 years old.

• Financing up to 62 times of employee’s salary.

Steps to Own the Property:

• Property Choosing.

• Opening an account at Al Rajhi Bank and transferring the salary to the account.

• Applying for home finance.

• Signing off the contract upon the final approval of the bank.

Required Documents To open An Account:

• A copy of the national ID and family card along with originals for verification.

• An introduction letter stamped by the employer.


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3. National Commercial bank:

Overview:

Home Finance Requirements:

• To be 25-60 years old.

• To be a Saudi national.

• A minimum monthly income of SR 5,000.

• To have been continuously employed for a minimum of 1 year.

• To be employed by a government or private sector organization.

• 5-10% down payment for villas and apartments.

• A 15% down payment on land properties.

• To transfer the salary to NCB. Property Requirements:

• Villas should not be older than 15 years and apartments not older than 7 years.

• The property should be vacant and ready for residence (Villas & Apartments).

• Property should be located in one of the following cities: Jeddah, Riyadh, Dammam, Dhahran or Al-Khobar.

• The property is subjected to approval by NCB appraisers.


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3. National Commercial bank-Continue:

Overview:

Property Ownership Steps:

1. Preparation:

• Completion of all required documents.

• Checking customer’s credit history in SIMAH.

• Property appraisal.

• Paying processing fees and down payment.

2. Property Purchase:

• Signing the promise to lease documents.

• Cheque issuing with property price to original owner.

• Deed transfer to NCB.

3. Property Handing over:

• Signing leasing (Ijara) contract.

• Handing over property to customer.


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4. Al-Inma Bank:

Overview:

The bank offers a broad range of flexible, Shariah-compliant real estate financing options.

Financing Terms and Features:

• Freedom for selecting the suitable property.

• Financing up to (SR 5,000,000).

• No sponsor required.

• No advance payment once salary is transmitted to the bank.

• No administration fees paid.

• Installments up to 25 years.

Home Requirements To Provide Financing:

• Not more than 10-years-old.

• Located within city limits.

• Construction is completed.

• Property location map is required.

• Appraisal of the property.

Banks Participated in Riyadh Exhibition

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5. AL-Bilad bank:

Overview:

The bank has adopted financing solutions to help customers to buy homes and pay its price at right-at-hand, Sharia-compliant monthly installments.

Financing Terms & Features:• Monthly income not less than SR 5,000.• Customer must be an employee of public or private sector.• Customer must transfer his salary to the bank.• Customer is not less than 21 years of age.• Installment term is up to 20 years.• The bank buys the home requested and register it in the banks’ name.• The bank adds its profit to home’s price and install it to the customer.• Financing does not require guarantor or a down payment.

Real Estate documents Required:

• An eligible copy of the ownership deed.

• Copy of the building license.

• Eligible layout of the location.

• A breakdown of the building, if applicable.

• Completing "Real Estate Information" form.


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6. Al-Jazera Bank:

Overview:

The bank provides solutions for customers to acquire properties through specialized home financing program (Baity).

Financing Terms:

• Minimum salary of SR 5,000 for main applicants, and 3,000 for joint customers.

• Minimum age is 21 years.

• Maximum age is 60 year at the end of installments payment.

• Good credit history.

• Minimum monthly income is SR 20,000 for self employed customers.

• Exemption from payment of the remaining amounts in case of death and total disability.

Features and Benefits:

• Program available to private/ public employees and self-employed professionals.

• No guarantor or salary transfer.

• Early settlement option available.

• Property and damage insurance coverage included throughout the finance period.

• Joint applicants are accepted.


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6. Al-Jazera Bank- Continue:

Overview:

Eligibility:

• Good credit history.

• An employee or self-employed professional.

• Job seniority no less than 3 months public sector (government) employees and six month for private sector staff.

• Job seniority not less than 3 years for self-employed professionals.

Property Specifications:

• Availability of the title deed.

• Real-estate located within the city boundaries.

• Not older than 10 years (for villas) or 5 years (for apartments).

• Vacant and ready to move in.


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7. SAAB Bank:

Overview:

The bank offers Islamic banking solutions to customers to own homes.

It is a pioneer in home ownership solutions.

Features & Benefits:

• Financing amount up to SR 5,000,000.

• Financing installment up to 25 years.

• Financing private sector and public sector employees, and self employed customers.

• Possibility of joint finance for couples.

• Free "Content Coverage" in cooperation with SABB Takaful for one year.

• A complete Home Financing product is available from SABB that suits individual customer needs.

Products offered by the bank:

• Own a house that is ready made (Villa, Duplex, apartment).

• Own a house that is under construction.

• Own a land for future house.

• Get financing against the property customer already own.

• Get financing for customer house and additional financing to furnish it.


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Appendixes

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Diamond Sponsorship:

• Affordable House Company.

Platinum Sponsorship:

• The Land Company

• Saudi Group for Researches & Marketing.

Golden Sponsorship:

• Al-Argan Projects Company.

• Rafal Company.

• Holy Makka Municipality.

Silvery Sponsorship:

• Riyadh Development Authority

• Development Authority.

• Thabat Company.

• Injaz Company.

Partner Sponsorship:

• Riyadh bank

• Amlak International Company

• Aloula Company

Riyadh Exhibition Sponsors

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Organizations Participated in Riyadh Exhibition

No Organizations

A Real Estate Companies Participated in Riyadh Exhibition:

1 Thabat Company

2 Rafal Company

3 Al-Argan Projects Company

4 The Land Company

5 Injaz Company

6 Affordable House Company

7 Ra-Yek Company

8 Rashid Saad Al-Rashid Company

9 Slman Bin Saeedan Group

10 Al-Oula Company

11 Agar and Binaa Company

12 Al-Balad Al-Ameen Company

13 Atheer Amlak Real Estate Company.

14 Makeyoun Company

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No Organizations

A Real Estate Companies Participated in Riyadh Exhibition-Continue:

15 The Developers Company

16 Bin Fageeh Company( Offering projects in Bahrain)

17 Sultat Wahat Dubai For Silekon (Offering projects in Dubai)

18 Tabarak Holding Company(Offering projects in Egypt)

19 Mico Caceal For Real Estate Investment(Offering projects in Egypt)

20 Bridge For Real Estate Development (Offering projects in Egypt)

B Real Estate Marketing Agents Participated in Riyadh Exhibition:

1 Bussma Real Estate Management Company

2 National Pearl Company

3 Koden Real Estate Marketing Company

4 Dawawen Company

5 Great Company

6 Saudi Cities Planning Company

7 Al-Saed For Real Estate Marketing

8 Future Company For Development and Projects Management(Offering projects in Egypt)

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No Organizations

B Real Estate Marketing Agents Participated in Riyadh Exhibition-Continue:

9 AL-Safwaa Al-Ragia For Investment(Marketing time share products)

10 Al-Khamisi For Real Estate Investment

11 Mazayaa Real Estate Company

C Financing Companies & Banks Participated in Riyadh Exhibition:

1 Dar Al-Tamleek

2 Deutsche Gulf Finance

3 Amlak International

4 Riyadh bank

5 Al-Rajhi bank

6 National Commercial bank

7 Al-Inma bank

8 AL-Bilad bank

9 Al-Jazera bank

10 SAAB bank

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No Organizations

D Consultant Companies Participated in Riyadh Exhibition-Continue:

1 Gulf Amaraa For Engineering

2 Architectural Center

3 Business Development Center

E Organizations Participated in Riyadh Exhibition:

1 Riyadh Development Authority

2 Chamber of Commerce

3 Saudi Telecommunication Company

4 General Authority For Housing

F Magazines Participated in Riyadh Exhibition:

1 Agar Magazine

2 Al-Binaa Magazine

3 Al-Agaria Magazine

4 Gulf Real Estate Magazine

5 Omran Magazine

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No Organizations

G Miscellaneous Companies Participated in Riyadh Exhibition:

1 Capivest- (From Bahrain)

2 Go Agar Company

3 Rowawa Company For Technology

4 Al-Sosan Garden Company(Landscaping Company)

5 Saudi Mitsubishi Electric Company

DAAR Competitors Projcets in Riyadh Exhibition

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