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	<title>Arazi fiyatları | Lukinski</title>
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		<title>Saudi Arabia: Mega construction projects &#038; real estate market until 2030 &#8211; Development</title>
		<link>https://lukinski.com/saudi-arabia-mega-construction-projects-real-estate-market-until-2030-development/</link>
		
		<dc:creator><![CDATA[L_kinski]]></dc:creator>
		<pubDate>Thu, 24 Aug 2023 14:01:03 +0000</pubDate>
				<category><![CDATA[Law]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Arazi fiyatları]]></category>
		<category><![CDATA[Belastingoptimalisatie]]></category>
		<category><![CDATA[Completion]]></category>
		<category><![CDATA[Construction projects]]></category>
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		<category><![CDATA[The Line]]></category>
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		<guid isPermaLink="false">https://lukinski.de/saudi-arabia-mega-construction-projects-real-estate-market-until-2030-development/</guid>

					<description><![CDATA[Impressive construction projects are underway in Saudi Arabia that will greatly change the country in the coming years. Three outstanding examples are &#8220;The Line,&#8221; a 170-kilometer-long mirrored desert city, the &#8220;Mukaab,&#8221; a gigantic indoor super city, and the &#8220;Maraya,&#8221; the world&#8217;s largest mirrored concert hall. These projects are part of a comprehensive development drive aimed [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Impressive construction projects are underway in Saudi Arabia that will greatly change the country in the coming years. Three outstanding examples are &#8220;The Line,&#8221; a 170-kilometer-long mirrored desert city, the &#8220;Mukaab,&#8221; a gigantic indoor super city, and the &#8220;Maraya,&#8221; the world&#8217;s largest mirrored concert hall. These projects are part of a comprehensive development drive aimed at boosting technology, sustainability and innovation. But what about the housing market in Saudi Arabia? A look at current initiatives and successes in this area provides insight. Prestige buildings and the real housing market &#8211; development up to 2030.</p>
<h2><span id="The_Line_Mukaab_Maraya_-_3_Beispiele">The Line, Mukaab &#038; Maraya &#8211; 3 examples</span></h2>
<p>3 examples I have brought with me. &#8220;<a href="https://lukinski.com/the-line-saudi-arabia-location-photos-videos-of-the-construction-project/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/the-line-saudi-arabien-lage-fotos-videos-bauprojekt/" data-id="167117">The Line</a>&#8220;, a 170 kilometer long, 500 meter high, mirrored line will soon cross the Saudi Arabian desert. In Riyadh, the &#8220;<a href="https://lukinski.com/mukaab-inside-800-billion-construction-project-in-riyadh-map-photos-videos/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/mukaab-inside-800-milliarden-bauprojekt-riyadh-karte-fotos-videos/" data-id="172421">Mukaab</a>&#8221; is being built. Simply put, the most expensive surprise egg in the world! Costing 800 billion, the construction will provide space for 20 Empire State Buildings. A 400 meter high, wide and long indoor super city in the center of Riyadh. Example 3 is the &#8220;Maraya&#8221;, the largest mirrored concert hall in the world.</p>
<h2><span id="The_Line_170_Kilometer_lang_-_Die_Wustenstadt">The Line: 170 kilometers long &#8211; The desert city</span></h2>
<p>A 170-kilometer-long, 500-meter-high mirrored line will soon cross the Saudi Arabian Desert. People will live and work in it. Another superlative project, following the recent inauguration of the <a href="https://lukinski.com/the-largest-mirrored-building-in-the-world-architecture-masterpiece-maraya-concert-hall-saudi-arabia/" data-type="post" data-id="147414" data-origin="de" data-origin-url="https://lukinski.de/groesste-verspiegelte-gebaeude-welt-architektur-meisterwerk-maraya-konzerthalle-saudi-arabien/">mirrored concert hall</a>. The Line will be the name of the city, with over 9 million inhabitants. Under the title &#8220;What if we could start again&#8221; only the ideas are presented. The Saudi Arabian government has unveiled the first images of the 500-meter-tall rectilinear city called The Line, which will be built as part of Neom, near the Red Sea.</p>
<p>The Line will be a car-free and equally carbon-free (CO²) city the size of the country of Belgium.</p>
<ul>
<li><a href="https://lukinski.com/the-line-saudi-arabia-location-photos-videos-of-the-construction-project/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/the-line-saudi-arabien-lage-fotos-videos-bauprojekt/" data-id="167117">The Line: The Desert City</a></li>
</ul>
<p><img decoding="async" class="lazy-loaded" src="https://lukinski.de/wp-content/uploads/2022/10/the-line-saudi-arabia-project-city-photos-videos-desert-blog-car-road-construction-site.jpg" data-lazy-type="image" data-src="https://lukinski.de/wp-content/uploads/2022/10/the-line-saudi-arabia-project-city-photos-videos-desert-blog-car-road-construction-site.jpg" /></p>
<h3><span id="Lage_von_The_Line_Satellitenansicht"><span id="Lage_von_The_Line_Satelliten_Ansicht">Location of &#8220;The Line&#8221;: Satellite view</span></span></h3>
<p>&#8220;The Line&#8221; from the view from space.</p>
<p><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-167094 lazy-loaded" src="https://lukinski.de/wp-content/uploads/2022/10/the-line-project-saudi-arabia-location-town-maps.jpg" alt="" width="1359" height="790" data-lazy-type="image" data-src="https://lukinski.de/wp-content/uploads/2022/10/the-line-project-saudi-arabia-location-town-maps.jpg" /></p>
<h2><span id="Mukaab_400_Meter_hoch_-_Die_Indoor-Superstadt">Mukaab: 400 meters high &#8211; The indoor super city</span></h2>
<p>&#8220;The Mukaab&#8221; has just been presented by the Crown Prince of Saudi Arabia. What is planned? An impossibly large, 400-meter high, wide and long indoor super city, right in the center of Riyadh. With space for a full 20 Empire State Buildings, the project is to be financed by the PIF and become a new global symbol for technology, sustainability, mobility and Saudi innovation.</p>
<p>&#8220;The Mukaab&#8221; is at the center of the broader New Murabba development project launched by Crown Prince Mohammad bin Salman bin Abdulaziz, the prime minister and chairman of the New Murabba Development Company (NMDC). The Riyadh Giga project is scheduled to open in 2030.</p>
<ul>
<li><a href="https://lukinski.com/mukaab-inside-800-billion-construction-project-in-riyadh-map-photos-videos/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/mukaab-inside-800-milliarden-bauprojekt-riyadh-karte-fotos-videos/" data-id="172421">Mukaab: Indoor Super City</a></li>
</ul>
<p><a href="https://lukinski.com/mukaab-inside-800-billion-construction-project-in-riyadh-map-photos-videos/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/mukaab-inside-800-milliarden-bauprojekt-riyadh-karte-fotos-videos/" data-id="172421"><img decoding="async" class="lazy-loaded" src="https://lukinski.de/wp-content/uploads/2023/03/saudi-arabia-mukaab-project-real-estate-riyadh-inside-tower-video-tour.jpg" data-lazy-type="image" data-src="https://lukinski.de/wp-content/uploads/2023/03/saudi-arabia-mukaab-project-real-estate-riyadh-inside-tower-video-tour.jpg"/></a></p>
<h2><span id="Maraya_Die_grosste_verspiegelte_Konzerthalle">Maraya: The largest mirrored concert hall</span></h2>
<p>I must show you the Maraya Concert Hall in Saudi Arabia! A real architectural highlight and certainly a hotspot of this world in the future. Al-Ula is a unique region in Saudi Arabia that was hidden from tourists until September 2019. Now the whole world has the opportunity to discover ancient places that are more than 6,000 years old.</p>
<ul>
<li><a href="https://lukinski.com/the-largest-mirrored-building-in-the-world-architecture-masterpiece-maraya-concert-hall-saudi-arabia/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/groesste-verspiegelte-gebaeude-welt-architektur-meisterwerk-maraya-konzerthalle-saudi-arabien/" data-id="147414">Maraya: Mirrored concert hall</a></li>
</ul>
<div class="avia-iframe-wrap"><iframe class="lazy-loaded" title="AlUla. Saudi Arabia’s hidden gem." src="https://www.youtube.com/embed/4pcTUoS3yKQ?feature=oembed" width="1500" height="844" frameborder="0" allowfullscreen="allowfullscreen" data-lazy-type="iframe" data-src="https://www.youtube.com/embed/4pcTUoS3yKQ?feature=oembed" data-mce-fragment="1" loading="lazy"></iframe></div>
<h2><span id="Hausmarkt_Saudi-Arabien_Entwicklung_bis_2030_PwC">House market Saudi Arabia: Development until 2030 (PwC)</span></h2>
<p>Away from the prestige projects, how is the country developing? This <a href="https://www.pwc.com/m1/en/publications/transforming-the-housing-sector-in-saudi-arabia.html" target="_blank" rel="noopener">report from PwC</a> provides an insight.</p>
<h3><span id="Eigenuberquote_soll_um_8_auf_70_steigen">Own surplus ratio to increase by +8% to 70%.</span></h3>
<p>In 2020, an ownership rate of 62% was achieved, and the goal is to reach an ownership rate of 70% by 2030. The real estate sector already contributes about 7% to Saudi GDP and creates many jobs. In 2021, 40,000 job opportunities were created in the real estate sector alone.</p>
<p>To address housing challenges, Saudi Arabia has undertaken a number of initiatives since 2017. The Ministry of Municipal and Rural Affairs and Housing (MoMRA) has launched the Housing Program, which aims to improve Saudi families&#8217; access to affordable, quality, safe, and well-located housing for first-time buyers.</p>
<h3><span id="Initiative_zur_Forderung_Was_ist_geplant">Funding initiative: What is planned?</span></h3>
<p>The initiative also aims to increase private sector involvement and improve financing options for Saudi families. Various measures have been taken to this end, including injecting liquidity into the market, tax reform, reducing capital requirements, developing new mortgage products and strengthening the rental market.</p>
<p>The Saudi Real Estate Refinance Company (SRC) was established in 2017 to inject liquidity into the real estate market and improve homebuyers&#8217; access to sustainable financing solutions. By the end of 2020, SRC&#8217;s loan portfolio reached SAR 6.5 billion, and the goal is to have refinanced 20% of the total residential mortgage loan market in Saudi Arabia by 2025.</p>
<h3><span id="Sakani-Programm_hat_210000_saudische_Familien_unterstutzt_2021">Sakani program has assisted 210,000 Saudi families (2021).</span></h3>
<p>The successes of the housing program are already clearly visible. The supply of housing in Saudi Arabia has improved significantly, and many Saudi families have realized their dream of home ownership. In 2020, the homeownership rate in Saudi Arabia reached 62% and will reach the target of 70% by 2030. The Sakani program has assisted more than 210,000 Saudi families in 2021 alone, and a total of 1.2 million families have already benefited from the program. The mortgage market in Saudi Arabia has also grown significantly, with 295,590 contracts in 2020 worth a total of SAR 140.7 billion for Saudi families.</p>
<h3><span id="12_Millionen_neue_Wohnungen_benotigt">1.2 million new homes needed</span></h3>
<p>For the future, the focus of the housing program is on the most disadvantaged population groups and increased private sector participation. Around 1.2 million new homes will be needed in the coming years to reach a housing stock of 4.96 million homes by 2030.</p>
<p>The transformation of the housing market in Saudi Arabia is a success story and will have far-reaching implications for the Kingdom. The government has taken robust measures to address the challenges of the housing market and make the dream of home ownership possible for new generations of Saudis.</p>
<p>Source: <a href="https://www.pwc.com/m1/en/publications/transforming-the-housing-sector-in-saudi-arabia.html" target="_blank" rel="noopener">PwC</a>.</p>
<h2><span id="Fazit_Saudi_Arabien">Conclusion: Saudi Arabia</span></h2>
<p>Saudi Arabia is not only investing in spectacular construction projects such as &#8220;The Line&#8221;, the &#8220;Mukaab&#8221; and the &#8220;Maraya&#8221;, but has also launched a major initiative to promote the housing market. Measures such as the Sakani program and the establishment of the Saudi Real Estate Refinance Company have increased the ownership rate and improved access to affordable housing. The housing market has already developed significantly, and the government has ambitious plans to further meet housing needs. The transformation of the housing market is a success story for Saudi Arabia and will have a far-reaching impact on the country by realizing the dream of home ownership for many Saudi families.</p>
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		<title>The Line (Saudi Arabia): Location, photos + videos of the construction project</title>
		<link>https://lukinski.com/the-line-saudi-arabia-location-photos-videos-of-the-construction-project/</link>
		
		<dc:creator><![CDATA[L_kinski]]></dc:creator>
		<pubDate>Sat, 15 Oct 2022 14:48:10 +0000</pubDate>
				<category><![CDATA[Agency]]></category>
		<category><![CDATA[Agentur]]></category>
		<category><![CDATA[Arazi fiyatları]]></category>
		<category><![CDATA[Listing]]></category>
		<category><![CDATA[Neom]]></category>
		<category><![CDATA[Photo]]></category>
		<category><![CDATA[Photographers]]></category>
		<category><![CDATA[real estate company]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[Search Engine Optimization]]></category>
		<category><![CDATA[Share capital]]></category>
		<category><![CDATA[Skyscraper]]></category>
		<category><![CDATA[The Line]]></category>
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		<category><![CDATA[Wallpapering]]></category>
		<category><![CDATA[Yenilikler]]></category>
		<guid isPermaLink="false">https://lukinski.de/the-line-saudi-arabia-location-photos-videos-of-the-construction-project/</guid>

					<description><![CDATA[A 170-kilometer-long, 500-meter-high mirrored line will soon cross the Saudi Arabian Desert. People will live and work in it. Another superlative project, following the recent inauguration of the mirrored concert hall. &#8220;The Line&#8221; will be the name of the city with over 9 million inhabitants. Under the title &#8220;What if we could start again&#8221; only [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A 170-kilometer-long, 500-meter-high mirrored line will soon cross the Saudi Arabian Desert. People will live and work in it. Another superlative project, following the recent inauguration of the <a href="https://lukinski.com/the-largest-mirrored-building-in-the-world-architecture-masterpiece-maraya-concert-hall-saudi-arabia/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/groesste-verspiegelte-gebaeude-welt-architektur-meisterwerk-maraya-konzerthalle-saudi-arabien/" data-id="147414">mirrored concert hall</a>. &#8220;The Line&#8221; will be the name of the city with over 9 million inhabitants. Under the title &#8220;What if we could start again&#8221; only the ideas are presented.</p>
<h2>Building project of the future with 0 emissions</h2>
<p>The Saudi Arabian government has unveiled the first images of the 500-meter-tall rectilinear city called &#8220;The Line&#8221; to be built as part of Neom, near the Red Sea. &#8220;The Line&#8221; will be a car-free and equally carbon-free (CO²) city the size of the country of Belgium.</p>
<ul>
<li><a href="https://www.neom.com/en-us/regions/theline" target="_blank" rel="noopener">The Line / Neom</a> &#8211; official website</li>
</ul>
<h3>Spectacular! The Line meets Red Sea</h3>
<p>This is how spectacularly &#8220;The Line&#8221; meets the red sea. With exclusive berths for yachts and lots and lots of sand.</p>
<p><iframe src="https://assets.pinterest.com/ext/embed.html?id=624593042087958169" width="600" height="820" frameborder="0" scrolling="no" loading="lazy"></iframe></p>
<h3>Why is Saudi Arabia building &#8220;The Line&#8221;?</h3>
<p>As mentioned before, &#8220;The Line&#8221; will be a car-free and equally carbon-free (CO²) city the size of the country of Belgium. So much for the grand plan. Will the XL construction project succeed? The FT&#8217;s Andrew England explores the Saudi crown prince&#8217;s pet project.</p>
<div class='avia-iframe-wrap'><iframe loading="lazy" title="Why Saudi Arabia is building a 170km line city through the desert | FT" width="1500" height="844" src="https://www.youtube.com/embed/REYtqZIRiR0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe></div>
<h3>Visualization: Video from Neom</h3>
<p>Neom is a government-projected planned city, with an attached technology park, in the northwest of the country, not far from the Gulf of Aqaba, and on the Red Sea coast.</p>
<div class='avia-iframe-wrap'><iframe loading="lazy" title="NEOM | What is THE LINE?" width="1500" height="844" src="https://www.youtube.com/embed/0kz5vEqdaSc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe></div>
<h2>Big city rethought: transformation</h2>
<p>What if you were to completely rethink a major city like London, with a population of 9 million?</p>
<div class='avia-iframe-wrap'><iframe loading="lazy" title="Central London reimagined as a city of the future" width="1500" height="844" src="https://www.youtube.com/embed/0FeWWJbmPKo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe></div>
<h3>Location of &#8220;The Line&#8221;: Satellite view</h3>
<p>&#8220;The Line&#8221; from the view from space.</p>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-167094" src="https://lukinski.de/wp-content/uploads/2022/10/the-line-project-saudi-arabia-location-town-maps.jpg" alt="" width="1359" height="790" /></p>
<p>Here a little closer, with connection to the Red Sea.</p>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-167103" src="https://lukinski.de/wp-content/uploads/2022/10/the-line-project-saudi-arabia-location-town-maps-close-view-red-sea.jpg" alt="" width="1359" height="790" /></p>
<h2>Photos: First visualizations of The Line</h2>
<p>The interior of Saudi Arabia&#8217;s 150-kilometer mirrored line skyscraper:</p>
<p><iframe loading="lazy" src="https://assets.pinterest.com/ext/embed.html?id=306526318400354742" width="600" height="900" frameborder="0" scrolling="no" loading="lazy"></iframe></p>
<h3>Skyscrapers and tropical forest</h3>
<p>The project combines city and &#8220;tropical forest&#8221;.</p>
<p><iframe loading="lazy" src="https://assets.pinterest.com/ext/embed.html?id=696298792405499675" width="600" height="824" frameborder="0" scrolling="no" loading="lazy"></iframe></p>
<p><iframe loading="lazy" src="https://assets.pinterest.com/ext/embed.html?id=119134352635114292" width="600" height="820" frameborder="0" scrolling="no" loading="lazy"></iframe></p>
<h3>Sports stadium in the middle of the line</h3>
<p><iframe loading="lazy" src="https://assets.pinterest.com/ext/embed.html?id=651755377340536076" width="600" height="501" frameborder="0" scrolling="no" data-mce-fragment="1" loading="lazy"></iframe></p>
<h3>View from above: Desert meets tropical forest</h3>
<p>In this published picture you can see once again very nicely how the contrast of desert and tropical forest looks from above.</p>
<p><iframe loading="lazy" src="https://assets.pinterest.com/ext/embed.html?id=462815299220528934" width="600" height="821" frameborder="0" scrolling="no" loading="lazy"></iframe></p>
<h2>Crown Prince Mohammed bin Salman on &#8220;The Line</h2>
<p>Saudi Arabia&#8217;s Crown Prince Mohammed bin Salman on &#8220;The Line&#8221; project. Here are 3 short excerpts and statements.</p>
<p>Source: <a href="https://www.neom.com/en-us/newsroom/hrh-announces-theline-designs" target="_blank" rel="noopener">Neom</a>.</p>
<p>His Royal Highness Crown Prince Mohammed bin Salman said, &#8220;At the launch of &#8216;The Line&#8217; last year, we committed to a civilizational revolution centered on people and based on radical change in urban planning. The designs for the city&#8217;s vertically layered communities unveiled today will challenge traditional flat, horizontal cities and create a model for protecting nature and improving people&#8217;s quality of life. &#8216;The Line&#8217; will address the challenges humanity faces in urban living today and demonstrate alternative ways of living.&#8221;</p>
<p>He added, &#8220;We cannot ignore the quality of life and environmental crises facing our world&#8217;s cities, and &#8216;Neom&#8217; is at the forefront of finding new and imaginative solutions to these problems. &#8216;Neom&#8217; is leading a team of the brightest minds in architecture, engineering and construction to make the idea of building upward a reality.&#8221;</p>
<p>He continued, &#8220;The &#8216;Neom&#8217; will be a place where all people from around the world can make their mark on the world in creative and innovative ways. NEOM remains one of the most important projects of the Saudi Vision 2030, and we are determined to make &#8216;The Line&#8217; a reality on behalf of the nation.&#8221;</p>
<h2>Largest mirrored building</h2>
<p>Largest mirrored building &#8211; The Maraya Concert Hall in Saudi Arabia I must show you! A real architectural highlight and certainly a hotspot of this world in the future. Al-Ula is a unique region in Saudi Arabia that was hidden from tourists until September 2019. Now the whole world has the opportunity to discover ancient places that are more than 6,000 years old.</p>
<ul>
<li><a href="https://lukinski.com/the-largest-mirrored-building-in-the-world-architecture-masterpiece-maraya-concert-hall-saudi-arabia/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/groesste-verspiegelte-gebaeude-welt-architektur-meisterwerk-maraya-konzerthalle-saudi-arabien/" data-id="147414">Mirrored concert hall</a></li>
</ul>
<p>Architecture is one thing. Ideas are something else. This one is&#8230; wow. The Maraya Concert Hall.</p>
<div class='avia-iframe-wrap'><iframe loading="lazy" title="AlUla. Saudi Arabia’s hidden gem." width="1500" height="844" src="https://www.youtube.com/embed/4pcTUoS3yKQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe></div>
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