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Al -Marsad newspaper – Can the foreigner own real estate in any neighborhood of Riyadh? .. In the video .. a specialist answers

by David Harrison – Chief Editor
written by David Harrison – Chief Editor

Foreigners Face Specific Riyadh Property Ownership Rules

Expert Clarifies Restrictions on Non-Citizen Real Estate Investments

Foreign nationals seeking to invest in Riyadh’s real estate market will find their options are not universal. Ownership is restricted to designated areas as outlined by executive regulations, according to financial and real estate investment specialist, Eng. Ibrahim Al-Sahn.

Defined Zones for Foreign Ownership

Eng. Ibrahim Al-Sahn explained that current regulations meticulously detail the permissible zones for foreign property acquisition within the capital. This system ensures that non-citizens can only purchase homes in specific, pre-determined neighborhoods rather than any location throughout Riyadh.

Anticipated Investment Hubs Identified

Looking ahead, Eng. Ibrahim Al-Sahn anticipates that areas such as Diriyah, New Square Gate, housing units within Qiddiya, and King Salman Park are likely candidates for foreign property ownership.

“The foreigner cannot own in any neighborhood of Riyadh, according to the system, but there are specific areas for it.”

—Eng. Ibrahim Al-Sahn, Specialist in Finance and Real Estate Investment

This move aligns with broader efforts to attract foreign investment, which saw a notable 13% increase in real estate transactions involving foreign investors in the first quarter of 2023, according to the Saudi Ministry of Justice.

Prioritizing Citizen Housing Needs

Eng. Ibrahim Al-Sahn emphasized that these designated foreign ownership zones are strategically located away from areas crucial for Saudi citizens and residents. The intention is to safeguard housing stability for local families, ensuring their essential needs are not impacted by international investment patterns.

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News

Riyadh Jet Fans Project: Cooling System & Air Quality Improvement

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

Riyadh is set to pilot an innovative environmental cooling system designed to combat teh city’s soaring temperatures and improve air quality. The ambitious project involves the installation of massive jet fans strategically placed on high-rise towers,mosque minarets,and other key urban structures.

These powerful fans will broadcast a fine water spray, aiming to moisturize the atmosphere and create a more comfortable surroundings, especially during peak heat hours.The system is designed to operate for approximately three hours daily, coinciding with the hottest parts of the day or evening.

Beyond temperature reduction, the initiative also targets a important improvement in air quality. By dispersing suspended dust particles, the jet fans are expected to enhance the air for residents and visitors in densely populated areas and public spaces.This dual-action approach promises to reduce the perceived heat in Riyadh’s streets and squares, while concurrently mitigating airborne pollutants.

The implementation plan is meticulously detailed: high-pressure jet fans equipped with precise spray nozzles will be installed and connected to a gray water network, utilizing treated, non-potable water to conserve resources. Locations for installation include the surfaces of towers in central districts, the roofs of major mosques, and along pedestrian walkways and public squares.

A smart control system will link the fans to heat and moisture sensors, ensuring optimal operation. moreover,the project aims to incorporate solar energy in select locations to minimize electricity consumption,aligning with Riyadh’s commitment to sustainability and its vision as a forward-thinking smart city addressing climate challenges.

Expected benefits include a noticeable reduction in the urban heat island effect,enhanced comfort for pedestrians and visitors in open areas,the creation of a unique aesthetic experience,and a decrease in airborne dust that can impact respiratory health.

To validate its effectiveness, the report recommends a three-month experimental phase in three distinct areas: the Boulevard, Al-Rajhi Mosque Square, and Prince Mohammed bin Salman Road.This trial period will focus on measuring the project’s impact on air quality, thermal sensation, and pedestrian behavior.

What are your thoughts on this innovative cooling solution for Riyadh? Share your opinions in the comments below, and subscribe to World Today News for more groundbreaking urban advancement stories!

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News

Al -Marsad Newspaper: Ziyad bin Nahit Criticizes Saudi Travel & Divorce Stories

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com







Saudi Poet Criticizes Extravagant Travel Amidst Financial strain

Table of Contents

By

Poet Ziyad bin Nahit has sharply criticized the tendency of some Saudis to travel abroad for tourism, even when their financial resources are limited. He observed that many individuals leave their spacious homes only to find themselves in cramped accommodations elsewhere, and trade comfortable climates for extreme temperatures.

“Sit in your home and provide your money,” Bin nakhit advised. “Run your air conditioner and television,and write anything you love to see,and you will find it because all photographers in the world breathe on YouTube.”

Bin Nakhit further elaborated on the potential negative consequences of international travel. He recounted instances of Saudi families who traveled abroad, with some returning and others facing unfortunate circumstances, including disagreements, divorces during honeymoons, and marital breakdowns attributed to spousal differences.

He shared his own experience as a traveler with the Union of Saudi Chambers, noting that even with financial capability, his recreational travels revealed that places like Al-Batha offered a colder experience than Paris, suggesting that many European cities are not adequately equipped for comfort.

“Stay with your family and do not pressure your parents to travel as not everyone who traveled is domesticated,” he urged. “The costs in European countries are high, and people live in rooms as if they are refugees.”

Bin Nakhit also highlighted the financial risks involved, mentioning that many investors in foreign cafes have lost their money. He shared a personal anecdote about a friend from Riyadh who, ten years prior, experienced marital discord with his wife during their honeymoon and later divorced her in Paris.

Evergreen Insights

The practice of international travel for leisure has become increasingly accessible globally. Though,economic realities and personal financial management remain crucial considerations for individuals and families. Understanding the true costs associated with travel, including accommodation, daily expenses, and potential unforeseen circumstances, is vital for making informed decisions. Furthermore, the impact of travel on relationships, especially during important life events like honeymoons, underscores the importance of communication and compatibility.

Frequently Asked Questions

Why dose the poet criticize Saudis traveling abroad?
The poet criticizes Saudis who travel abroad despite weak financial capabilities, suggesting they ofen trade comfort and spaciousness for less desirable conditions.
What are the poet’s alternatives to international travel?
The poet suggests staying home, enjoying personal amenities like air conditioning and television, and utilizing online platforms like YouTube for entertainment and content consumption.
What negative outcomes has the poet observed from international travel?
The poet has observed negative outcomes such as financial loss, marital discord, divorce during honeymoons, and people living in conditions akin to refugees.
What are the financial implications of traveling to European countries, according to the poet?
The poet states that costs in European countries are high, and travelers often end up in cramped accommodations, comparing them to refugees.
Has the poet experienced any

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News

In the video .. A report compares the prices of apartments and villas in the “Al -Malaz” and “Al -Rabwah” neighborhoods in Riyadh

by David Harrison – Chief Editor
written by David Harrison – Chief Editor

Riyadh Apartment, Villa Rental Prices Show Neighborhood Divide

New data reveals a significant disparity in apartment and villa rental costs between two Riyadh neighborhoods. The analysis highlights that tenants could pay substantially more depending on their chosen location.

Apartment Rental Costs Compared

Commercial indicators show that Al-Rabwah apartments command higher rents. Over the last year, apartment rentals in Al-Rabwah averaged 35,420 riyals, according to data from the “rent” network. In contrast, similar apartments in Al-Malaz averaged 29,148 riyals.

This price difference means that apartment rentals are over 21.5% more expensive in Al-Rabwah compared to Al-Malaz.

Villa Rental Costs Compared

The price gap is even more pronounced for villas. Renting a villa in Al-Rabwah averages 97,879 riyals. However, in Al-Malaz, the average villa rental costs 64,947 riyals.

Therefore, prospective tenants can expect to pay over 50.7% more to rent a villa in Al-Rabwah versus Al-Malaz.

These rental differences highlight the impact of location on housing affordability in Riyadh. Nationally, rents are rising, with asking rents up 0.3% in April 2024 alone (Realtor.com).

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Sport

Jake Paul Defeats Chavez Jr: Boxing Upset & Next Fight?

by Alex Carter - Sports Editor
written by Alex Carter - Sports Editor

Jake Paul Defeats Julio Cesar Chavez Jr. – Is He Good for Boxing?

Anaheim, CA – Jake Paul continues to make waves in the boxing world, securing a unanimous decision victory over former WBC middleweight champion Julio Cesar Chavez Jr. at the Honda Center in Anaheim, California on sunday [[1]]. The 10-round bout saw Paul win wiht scores of 99-91, 97-93, and 98-92, improving his professional boxing record to 12-1. Chavez Jr., a 39-year-old former champion, falls to a new defeat.

This win adds to the ongoing debate surrounding Paul’s impact on the sport. While some criticize his involvement, arguing he lacks the pedigree of a traditional boxer and his fights lack genuine stakes [[3]], others point to the financial benefits he brings to the sport and the increased exposure it receives [[2]].

Notably, fighters like Amanda Serrano have reportedly earned larger purses fighting on Jake Paul cards than in previous high-profile bouts, suggesting he is capable of generating notable revenue for boxers [[2]]. Paul has primarily faced other athletes transitioning to boxing, including UFC fighters, further fueling the debate about the legitimacy of his boxing career [[1]].

Whether Jake Paul is ultimately “good” for boxing remains a contentious issue, but his continued success in attracting attention and generating revenue is undeniable.

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