Riyadh rent hike drives demand for home ownership

Exorbitant rent prices have placed a significant financial strain on many middle-class and lower-income families, forcing them to make difficult choices about their housing options. (AN photos by Hajar AlQusayer)
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Updated 24 July 2024
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Riyadh rent hike drives demand for home ownership

  • Ongoing construction boom to improve housing affordability, expert says
  • Harmon described Ejar platform as unresponsive and biased toward landlords, with tenants feeling that their interests are not being adequately protected

RIYADH: The Kingdom’s capital has experienced a significant surge in apartment rental prices in recent years, making it increasingly difficult for many residents to afford suitable accommodation.

This sharp rise in rental costs has led to a growing trend among Riyadh’s population to prioritize home ownership over renting, as they seek to gain more stability and control over their living situations.

According to recent real estate market data, the average rent for a one-bedroom apartment in central Riyadh has skyrocketed to over SR5,000 ($1,300) per month (numbers differ daily). For larger units, the costs can be even more staggering, with three-bedroom apartments often commanding monthly rents in excess of SR10,000, a CBRE.sa report states.




Exorbitant rent prices have placed a significant financial strain on many middle-class and lower-income families, forcing them to make difficult choices about their housing options. (AN photos by Hajar AlQusayer)

These exorbitant prices have placed a significant financial strain on many middle-class and lower-income families, forcing them to make difficult choices about their housing options.

“It’s become almost impossible for my family to continue renting,” said Shahad Al-Ghamdi, a young administrative manager living in Riyadh. “The rent for even a modest apartment eats up a large portion of my monthly salary, leaving little room for other expenses. I’ve been seriously considering taking out a mortgage and buying a home instead, as it would ultimately be more cost-effective in the long run.”

FASTFACTS

• According to recent real estate market data, the average rent for a one- bedroom apartment in central Riyadh has skyrocketed to over SR5,000 ($1,300) per month (numbers differ daily).

• The Saudi government has introduced mortgage financing programs and other incentives to make it easier for citizens to purchase their own properties.

• Economist and financial analyst Talat Zaki Hafiz cautioned that factors, such as interest rates and inflation, will play a crucial role in determining overall market dynamics.

Al-Ghamdi’s sentiment is echoed by countless other Riyadh residents, who are increasingly viewing home ownership as a more viable and sustainable option compared to the ever-rising rental market.

To address this pressing issue, the Saudi government has introduced mortgage financing programs and other incentives to make it easier for citizens to purchase their own properties. As a result, the demand for home loans has surged, with many banks reporting a significant increase in mortgage applications over the past few years.

However, as highlighted by the experiences of residents like Ramona Harmon, the government’s efforts to regulate the rental market through initiatives like Ejar platform have been perceived as largely ineffective.




Exorbitant rent prices have placed a significant financial strain on many middle-class and lower-income families, forcing them to make difficult choices about their housing options. (AN photos by Hajar AlQusayer)

Harmon described Ejar platform as unresponsive and biased toward landlords, with tenants feeling that their interests are not being adequately protected.

Ramona said: “I have had experience with them (Ejar), and they do not respond to people who alert them to overly expensive apartments. They should protect both the landlord and tenant, but they don’t. They seem to be on the side of the landlord and owner.”

Harmon’s concerns raises the question of how can the system more effectively serve the people it is designed to help. Harmon’s own rental experience has been a rollercoaster of broken promises and escalating costs, with the landlord apparently increasing her rent by an astonishing 58 percent despite the standard maximum of 5-10 percent.




Exorbitant rent prices have placed a significant financial strain on many middle-class and lower-income families, forcing them to make difficult choices about their housing options. (AN photos by Hajar AlQusayer)

Harmon said that she was able to contact Ejar but they told her that there are no laws that stop the landlord from increasing a new lease.

Harmon, who is an expat working temporarily in Saudi Arabia, is not considering buying a house and has to deal with rent that keeps getting higher.  

Economist and financial analyst Talat Zaki Hafiz acknowledged the ongoing construction boom in Saudi Arabia which has a “value of construction outputs reaching $141.5 billion, a 4.3 percent increase compared to the previous year.”

Hafiz believes that this expansion in housing and office buildings may help narrow the gap between supply and demand, potentially leading to more balanced rental prices and improved housing affordability.

However, Hafiz also cautioned that other factors, such as interest rates and inflation, will play a crucial role in determining overall market dynamics. He remains optimistic about the future, but emphasized the need for continued efforts to address the root causes of the rental crisis and ensure that housing remains accessible and affordable for all.  

“But we are still in good condition compared to countries who are members of G20 and I believe solutions are taking place … it is matter of time to increase the supply of houses,” Hafiz added.

To truly address the rental crisis in Riyadh, the Saudi government must take a more comprehensive and responsive approach. This may involve strengthening rent control regulations, empowering regulatory bodies like Ejar to effectively protect tenants’ interests, and exploring innovative solutions to increase the supply of affordable housing units.

By addressing the systemic issues underlying the rental market, the government can help alleviate the financial burden on Riyadh’s residents and foster a more inclusive and prosperous future for the city.

 


Al-Nassr star Ronaldo calls Saudi Arabia’s Red Sea his ‘second home’, describes AlUla as ‘spiritual’

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Al-Nassr star Ronaldo calls Saudi Arabia’s Red Sea his ‘second home’, describes AlUla as ‘spiritual’

DUBAI: Portuguese football star Ronaldo, who plays for Al-Nassr, said that it was easy for him and his family adapting to Saudi Arabia after signing with the Saudi football club to a two-and-a-half-year contract.

“To be honest, I am really happy to be there [Saudi Arabia],” Ronaldo said in an interview former Portuguese footballer, Rio Ferdinand.

“For me the adaptation was easy, and I really love it to be there,” he said. “It is a lovely country; I love to be there; my family loves to be there.”

Ronaldo was one of the first top-name recruits to the Saudi Pro League at the start of 2023, which paved the way for entry of other big-league players from Europe.

The five-time Ballon d’Or winner began his club career with Portuguese side Sporting CP before joining Manchester United in 2003. Ronaldo moved to Spanish La Liga giants Real Madrid after six seasons at United. He then played for two years with Juventus before making a return to the Red Devils in 2021 where he played until 2023, before departing for the Saudi Pro League.

Ronaldo became the first man to score 900 career goals after tapping in the ball at the 34th minute of Portugal’s UEFA Nations League group stage match against Croatia in Lisbon, which they won 2-1.

The Portuguese football star called Saudi Arabia’s Red Sea his “second house,” adding that he loves to spend time there with his family.

“The Red Sea which is my second home or [even my] first home is unbelievable like a diamond,” he said, adding that it is “one of the most beautiful places” he has ever been to.

Above, Ronaldo and his partner Georgina Rodriguez explore AlUla. (Instagram: @georginagio)

Ronaldo also spoke on AlUla, an increasingly famous tourist spot in Saudi Arabia’s northwest located near two oases, Khaybar and Tayma.

“It is beautiful because it is spiritual, you can feel the energy there. I felt it as well, to be honest,” the Portuguese star said.

“Even in the mountains they have snow. People in Saudi [Arabia]? Yes, they have snow. They have everything, so it is a lovely country.”


KSrelief provides aid, food assistance in Libya, Sudan, Turkiye and Lebanon

Updated 18 min 2 sec ago
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KSrelief provides aid, food assistance in Libya, Sudan, Turkiye and Lebanon

RIYADH: Saudi aid agency KSrelief recently provided humanitarian aid assistance and health care services to needy families in disaster-hit and conflict zones, state news agency SPA reported.
In Libya, 2,916 food baskets were distributed in Derna city, benefiting 14,580 individuals. The initiative was part of the emergency food assistance for families affected by the storm Daniel.

KSrelief distributes 2,916 food parcels in Libya (SPA)


In Sudan, KSrelief handed out 600 shelter bags in Northern State, benefiting 3,479 members of the neediest families affected by flashfloods. 
In Turkiye, KSrelief conducted volunteer medical programs for adult and pediatric orthopedic surgery in the provinces of Gaziantep and Hatay from August 24 to 31. 
The programs involved 28 volunteers from various medical specialties as part of the Saudi Volunteer Life program to assist those affected by the earthquakes in Syria and Turkiye.

KSrelief distributes 600 shelter bags in Sudan (SPA)


In Lebanon, KSrelief continued implementing the Al-Amal Charitable Bakery project at Akkar Governorate and Al-Minieh District from August 15 to 21.
The project distributed 150,000 bags of bread to Syrian and Palestinians families as well as to residents of the host community, benefiting 62,500 individuals.

KSrelief continues to distribute bread in Lebanon (SPA)

 


KSrelief continues food, water and health projects in Yemen

Updated 14 min 47 sec ago
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KSrelief continues food, water and health projects in Yemen

RIYADH: KSrelief continues to implement several projects in Yemen that provide food, shelter, primary health care and water services for people displaced by the conflict.
In the Razih District of Yemen’s Saada Governorate, 127 individuals benefited from the services provided by the health education department and the epidemic disease control, internal medicine, reproductive health, and emergency clinics from August 14 to 20.

KSrelief distributes 320 food parcels in Yemen's Taiz. (SPA)


Four waste disposal programs were also carried out, various medications were dispensed to 120 individuals and 16,200 liters of potable water were pumped to the district.
KSrelief also distributed 320 food parcels in Maqbanah district in Taiz governorate, benefiting 2,240 individuals affected by the recent flashfloods in several Yemeni governorates.
The agency also handed 150 shelter bags, tents, and food packages to needy families in Al-Abr District in Yemen’s Hadramout governorate, benefiting 650 individuals from 50 families.


How Saudi Arabia’s healthcare sector is tackling medical waste to align with the Kingdom’s green vision

Updated 07 September 2024
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How Saudi Arabia’s healthcare sector is tackling medical waste to align with the Kingdom’s green vision

  • Private medical facilities in Saudi Arabia are adopting sustainable waste management practices to minimize their environmental impact
  • Efforts to reduce, reuse, and responsibly dispose of medical waste are essential for achieving the Kingdom’s sustainability goals

RIYADH: When one imagines the worst culprits for commercial waste, many would rightly think of fast fashion, obsolete technology, and food retail. However, one surprisingly prolific offender is the medical community — responsible for vast amounts of non-biodegradable and often hazardous waste.

Mindful of their environmental footprint, private medical facilities in Saudi Arabia are doing their bit to help cut waste by encouraging the reduction, reuse, and recycling of packaging, using materials that are biodegradable, and responsibly disposing of dangerous substances.

Furthermore, many medical facilities are adopting technologies to improve energy efficiency and conserve water in line with the Kingdom’s promotion of corporate social responsibility and its commitment to sustainable development.

Dr. Rosanna Cavalletto. (Supplied)

Dr. Rosanna Cavalletto, who heads the Strategic Development Department at the Sijam Dental Clinic in Riyadh, became aware of the issue when she noticed the huge amount of waste produced by her profession.

“General waste dumpsters were filled with various types of possible recycling materials, such as plastic bottles, coffee cups, and disposable items used in our everyday practice,” Cavalletto told Arab News.

However, she was also aware that medical waste was not always being disposed of properly, including “specific types of hazardous wastes, such as dental amalgam,” she said.

Indeed, dental amalgam — a material used to fill cavities caused by tooth decay — consists of a powdered alloy made up of silver, tin, and copper, combined with liquid mercury.

“We cannot forget that mercury is one of the most toxic global non-radioactive pollutants worldwide,” said Cavalletto. “All amalgam waste must be properly disposed of to avoid air, water and soil pollution thereafter.

“Dental practices generate large quantities of waste, including household (non-food) waste, improper hygiene, clinical, hazardous, and food waste, which should be managed appropriately.”

Cavalletto, who authored the book “Save Your Health, Save the Planet: Dentistry for a Bright, Green Future,” launched the “non-medical waste separation” initiative in 2022 to encourage environmental responsibility among medical and cosmetic practitioners.

By mid-2023, the initiative had succeeded in getting new bins installed at Cavalletto’s dental practice, providing different compartments to separate different kinds of waste. But the waste management firm that collected them had another trick up its sleeve.

“The contractor for Sijam Clinics collects our waste full of recyclables weekly and provides us with data to measure the quality of our initiative, which drives us towards reducing environmental pollution,” said Cavalletto.

DID YOUKNOW?

• Medical facilities generate large amounts of non-biodegradable and hazardous waste, which are harmful to the environment.

• The Kingdom’s clinics are embracing waste reduction, reuse, and recycling, aligning with the Saudi Green Initiative.

• Innovative waste management initiatives encourage environmental responsibility and pollution reduction.

• Financial incentives and awareness campaigns are crucial for improving waste management in the medical sector.

The transition to better waste management among clinics has not been easy, however. “It was a difficult process with slow steps,” said Cavalletto.

“The truth is there is not enough knowledge about waste separation in dentistry. Making waste separation more convenient and accessible at clinics can encourage proper disposal habits and create a culture of environmental awareness.”

The picture is similar elsewhere in the Saudi medical sector. Abdulrahman Al-Rifai, an environmental engineer at the King Abdulaziz Royal Reserve Development Authority, said clinics are gradually improving their sustainability practices.

Abdulrahman Al-Rifai. (Supplied)

“In line with the Saudi Green Initiative, which focuses on reducing emissions, the sector can contribute significantly by adopting environmentally friendly technologies and waste management strategies,” Al-Rifai told Arab News.

“In recent times, companies have increasingly cooperated in the recycling process within the Kingdom to promote efficiency and resource recovery. However, coordination and infrastructure development remain critical for optimal performance.”

The Saudi Green Initiative, launched by Crown Prince Mohammed bin Salman in 2021, pays close attention to circular economy principles, promoting partnerships and innovation in the recycling industry.

Integrating recycling into waste management systems, boosting research and development, and encouraging public participation are essential steps to achieving the goals of the Saudi Green Initiative, says Abdulrahman Al-Rifai, an environmental engineer. (Shutterstock) 

Al-Rifai, who worked in environmental engineering at Panasonic for four years, believes the medical sector requires strong government support, including financial incentives and awareness campaigns, if it is to improve its waste management.

He believes integrating recycling into waste management systems, boosting research and development, and encouraging public participation are essential steps. The Saudi Green Initiative provides a clear road map for achieving a more sustainable economy, he added.

Abdullah Aljumah, general manager at the Riyadh-based First Saudi Contracting Co., says environmental initiatives in the medical sector are integral to sustainable development and social responsibility.

The use of environmentally friendly materials, especially those that are biodegradable and low-toxic, also contributes to reducing negative environmental impacts, he told Arab News.

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Aljumah wants to see more support for research aimed at improving medical technologies and reducing their environmental impacts. Such initiatives, he says, are critical to balancing effective healthcare and environmental conservation.

To make these ambitions a reality, however, waste management firms will require sufficient investment and proper regulation.

Sultan Al-Harthi, executive director of corporate communications at Saudi Arabia’s National Center for Waste Management, known as MWAN, said that the center is promoting investment opportunities in the waste management sector.

Sultan Al-Harthi. (Supplied)

“MWAN aims to enable investors to access hundreds of lucrative investment opportunities in the waste management sector and to familiarize them with the regulatory and economic enablers provided by MWAN and other stakeholders to support the feasibility and success of these projects,” Al-Harthi told Arab News.

Over the past three years, MWAN has developed a comprehensive strategic master plan for the waste sector to build the required infrastructure based on fundamental circular economy principles.

“We’re encouraging innovative initiatives and building the necessary capacities to achieve the Kingdom’s Vision 2030 objectives,” said Al-Harthi.

Caption

“This is accomplished through extensive training programs, awareness campaigns, and initiatives promoting sustainable and circular waste management practices.”

He added: “We’ve focused on capacity building for workers across the waste management system in all sectors — government, private, and non-profit. Simultaneously, we’re increasing public awareness to achieve the sector’s objectives.

“We’re working side by side with our partners to offer integrated waste management solutions. Our goal is to enhance the capacity of private sector companies to channel investments towards environmental, economic, and social sustainability.”
 

 


From thin to thriving: Saudi content creator shares health tips to thousands

Known online as Heem Fit, Ibrahim Al-Dosaimani transformed his life through the power of weight training and healthy cooking.
Updated 07 September 2024
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From thin to thriving: Saudi content creator shares health tips to thousands

  • Ibrahim Al-Dosaimani’s health transformation has inspired 227,000 of his followers on Instagram

RIYADH: Saudi nutrition and culinary content creator Ibrahim Al-Dosaimani’s health transformation has inspired 227,000 of his followers on Instagram who struggle with being underweight.

Known online as Heem Fit, Al-Dosaimani transformed his life through the power of weight training and healthy cooking.

“All of my recipes are healthy and without deprivation. The basic idea of all my recipes is to maintain the beautiful flavor and increase the nutritional value, and my followers love them,” he told Arab News.

“Learn the right way to gain weight and increase your knowledge about nutrition,” says Ibrahim Al-Dosaimani. (Supplied)

The 27-year-old computer engineer began with a struggle against extreme thinness, leading him to discover not only the importance of nutrition, but also his love for creating delicious meals.

“I never expected that one day I would practice weight training and be in the field of cooking,” he added.

His transformation started when he faced a significant challenge: Despite trying a range of methods, he struggled to gain weight. Growing up, Al-Dosaimani often cooked alongside his mother, who encouraged him to eat more. “I would tell her I wanted to gain weight, and she’d say I had to eat a lot, but I didn’t quite understand what that meant.”

HIGHLIGHTS

• In 2017, Al-Dosaimani took the plunge into weight training while gradually honing his culinary skills.

• The combination of exercise and cooking paid off; he began to gain weight, although it fluctuated over time.

In 2017, he took the plunge into weight training while gradually honing his culinary skills. “I found joy in cooking and could spend hours in the kitchen without noticing the time fly by.”

The combination of exercise and cooking paid off; he began to gain weight, although it fluctuated over time. Realizing that he was not eating as much as he thought, Al-Dosaimani delved into the world of nutrition.

“I started learning about calories, macronutrients and how to meet my dietary needs effectively,” he said.

Known online as Heem Fit, Ibrahim Al-Dosaimani transformed his life through the power of weight training and healthy cooking. (Supplied)

By early 2021, Al-Dosaimani decided to share his journey and knowledge with a broader audience. “I wanted to change people’s perceptions of healthy eating.”

He started creating content and, to date, has filmed more than 250 recipes across various social media platforms, reaching thousands of viewers. His primary goal is to raise awareness about healthy eating and reshape how people perceive it.

“At first, appearing in front of the camera was difficult for me, and I did not like to show my face. Of course, the editing and the way of filming were a challenge, but with time, I was able to develop myself and present the recipe better, and I showed my face,” Al-Dosaimani added.

Throughout his journey, he has faced several challenges, including a lack of nutritional knowledge that delayed his progress. “Not being fully versed in nutrition led to delayed results,” he said. He also encountered misconceptions about healthy eating resulting in bland food that lacks flavor, which he combats by creating delicious recipes that mirror fast food favorites. “I love making burger recipes because I’m a burger lover,” he added.

For those looking to gain weight and be healthy, Al-Dosaimani highlights the importance of a structured meal plan alongside a resistance training regimen to build muscle mass.

“It’s essential to eat high-calorie, low-volume foods that provide the necessary nutrients without overwhelming you,” he said.

Understanding calories and macronutrients has been crucial in Al-Dosaimani’s journey. “Once you grasp these concepts, you can enjoy your food without feeling deprived or restricted. That mindset shift is vital,” he said.

The most rewarding aspect of his work is the positive feedback he receives from those who have benefited from his recipes. “I love hearing from people who have changed their bodies because of my recipes,” he added.

Looking ahead, Al-Dosaimani is excited about an upcoming project: “I’m working on an e-book dedicated to healthy recipes, which will also have educational content to enhance nutrition awareness.”

Reflecting on his transformation, Al-Dosaimani said he would advise his younger self to seek out the right methods to gain weight and to deepen his understanding of nutrition. “Learn the right way to gain weight and increase your knowledge about nutrition,” he said.

His passion for cooking and helping others continues to drive him as he evolves in his fitness and culinary pursuits.

“Through my journey, I not only changed my life, but also hope to inspire countless others to embrace healthy eating and a balanced lifestyle.”