19/10/2017
In the second meeting of the program of Shorfat in Asharqia Chamber
The
real estate market in Saudi Arabia has not yet started, and expects to
move in 2018 due to the availability of all factors of growth and launch
of large capital and capabilities.
on Wednesday, October 18, Shorfat program held by Asharqia for the second time in a row within the
activities of the Committee on Housing and Real Estate Development.
Al Masoudi
talked about the most prominent achievements of modern electronic
technologies in the real estate and housing sectors, pointing that
the real estate technology sites achieve profits through advertising
fees, they are like ad sections in paper newspapers, stressing the
importance of being limited to combine the seller and the buyer, Which may harm the Web site.
Al Masoudi
said it is a real estate search engine based in Egypt and a major
market to become an important source of real estate information
in Egypt, referring to what the site includes services to its customers,
whether buyers or sellers, such as real estate services and
neighborhood directory, spreading in the Saudi market two years ago, and
based on the idea of classified ads such as those in paper newspapers,
but electronic, noting that it has about 75 employees and visits about
one million visitors monthly.
He
pointed that there is a technical invasion in different sectors,
stressing the need to pay attention to speeding up the technology tracks
but to achieve competitive advantages, summarizing the determination of
the needs of the customer and working hard to meet the needs, as well as
uniqueness in the features of the customer, and finally what he called the actual introduction of competitive
advantage, so that credibility is gained, which is the first steps to
success.
Al Masoudi
said that the level of profitability in the real estate technology
sites sector is very high up to 75%, but its sustainability depends on
good management and sound planning of good reading of the market,
advising developers, especially those coming to build commercial malls
by making the largest proportion of the mall restaurants and parks and
30 to 40% of it for shops, due to the transformation of many international brands to electronic marketing.
