Ryan Routh was arrested on September 15 after Secret Service agents spotted him with a gun near the course where Trump was playing
world1 hour ago
Sharjah market is thriving despite a slowdown in market due to low property prices and stable demand-supply ratio, a senior executive says.
Real estate developer Arada's vice-chairman Prince Khaled bin Alwaleed bin Talal, who has tested the UAE market for 10 years now, said Sharjah realty market hasn't been affected like other emirates.
"Prices in Sharjah didn't increase as fast and dramatically as Dubai did. So there is a bigger slowdown and curve heading down for Dubai. Percentage wise it is not high but still it's going down. And this positions us perfectly for Arada," Khaled said on the sidelines of Cityscape Abu Dhabi where Arada is promoting projects Nasma Residences and Aljada mixed-use development.
Elaborating, Khaled said Arada kept prices low and made competitors slash prices. "We are offering very lower price compared to the competitors. I think we had a positive effect on slowdown of the real estate. The prices were little too high for the customers," he said.
Khaled is very optimistic about positive demand for Arada projects. "We are very bullish on continuing our efforts to push our residential project Nasma. It is a 900-unit project and we have sold 700 units so far. We are also looking at pushing mixed-use Aljada. We are receiving good feedback from phase 1, 2 and especially 3 which is student accommodation."
He noted there is room for further growth in Sharjah market as appetite from locals and those in the region is on the rise.
"We are seeing lot of families from Saudi Arabia and Kuwait, and international clientele who would love to commute to Dubai but live in Sharjah," he said and noted that Emiratis were 'surprisingly? the biggest number of buyers for Nasma and Aljada. "We are happy with positioning of our apartments, villas and mixed-use buildings."
He said Arada was interested in investing into Saudi Arabia ideally through a joint venture. "We want to export our ideas and philosophy into Saudi Arabia. Our next expansion will definitely be in Saudi Arabia. We are studying it very seriously."
Khaled hoped for ease of Saudi regulations to attract more investors. "There is lot of requests from private sector to ease visa issues, employment issues and Saudisation. We would love to see some ease in that regard. We are seeing lot of efforts from Minister of Commerce and Investment Majid Al Qasabi, who is forward thinker. He is optimistic about opening up Saudi market for the locals and international investors," Khaled added. - ashwani@khaleejtimes.com
Ryan Routh was arrested on September 15 after Secret Service agents spotted him with a gun near the course where Trump was playing
world1 hour ago
Later in the day, a second show on January 12 was announced, giving some fans renewed hope
entertainment1 hour ago
The expansion aims to revolutionise how industry professionals access and share knowledge, offering a digital marketplace where employees can exchange skills and expertise using a tokenised time currency
kt network1 hour ago
Former food industry executive says he did it because he wanted to leave a legacy to the city that hosted him
americas1 hour ago
As students return to classrooms, the surge in digital activity introduces significant security challenges
tech1 hour ago
Biden offers continued US support as Dhaka implements reform agenda
asia2 hours ago
The visit is a diplomatic milestone that will solidify the UAE’s role on the global stage as a bridge between East and West, he said
uae2 hours ago
Forward-focused government regulation and increasing institutional investment boost market
cryptocurrency2 hours ago