Al-Khateeb: Rate of Foreign tourists coming for recreational purposes soars 600% in 5 years    Saudi Arabia participates in OIC anti-corruption agencies' meeting in Qatar    Saudi Arabia implements over 800 reforms to drive rapid transformation    Al-Jadaan: Painful decisions were part of the reforms, but economy overcame them    Al-Swaha: Saudi Arabia is heading towards exporting technology in the next phase    Israel-Hezbollah ceasefire appears to hold as Lebanese begin streaming back to their homes    Al Rajhi: Saudi Arabia sets revised unemployment target of 5% by 2030 "300,000 citizens employed in qualitative professions"    Imran Khan supporters call off protest after crackdown    Five survivors found day after Red Sea tourist boat sinking    Russia launched a record number of almost 200 drones toward Ukraine    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Saudi FM attends Quadripartite meeting on Sudan in Italy    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



High rents diminish wedding dreams
By Reema M. Al-Shoukany
Published in The Saudi Gazette on 12 - 04 - 2009

Many young Saudis are delaying their marriages because they are not able to afford the high rental rates of apartments with their low salaries.
Saudi bridegrooms have a number of responsibilities to face before getting married, such as, paying the bride's dowry, financing the wedding ceremony, and providing housing and furnishing. All of this puts prospective bridegrooms under a lot of pressure which forces some of them to put off their plans for marriage. The high rents being charged for apartments merely add to the young men's financial troubles.
“I got engaged a couple of months ago and I am preparing for my marriage. My parents offered to let me live with them because I cannot afford to pay for the rent of an apartment. A medium-sized apartment rents for between SR25,000 and SR50,000 per year, which is completely out of question for me with my SR5,000 monthly salary,” said Mohammed Salem, a 26-year-old private company employee.
Bridegrooms are also complaining about the quality and size of apartments, as owners are reducing the size of their apartments so that they can get as much use out of their land as possible.
“After six months of searching and after seeing 40 apartments, I have decided to live in a tiny apartment in an old building that belongs to my father-in-law, because it is something that I can afford,” said Ali Naser, a high school teacher.
“However, I'm really concerned about our future. When we have children, this apartment will not be big enough for all of us,” he added.
“There are more than 7,000 housing units in Jeddah whose owners have chosen not to rent to tenants. Moreover, almost 11,000 real estate cases have been pending in the courts for years waiting for a judgment to be issued,” said Abdullah Al-Asmary, Vice President of the Real Estate Committee in Jeddah Chamber of Commerce and Industry (JCCI).
There are many factors that have forced property owners to raise the rents that they charge their tenants.
“There are many reasons for high rental rates, such as, the increasing demand and limited supply of apartments and the high price of construction materials,” said Hassan Al-Gadi, a member of the JCCI's Real Estate Committee and a manager of the Development and Expansion Corporation.
The increasing demand for rental apartments is due to many reasons, such as, the desire of couples to establish their own identity by living alone in their own place.
“In the past 50 years, the extended family (a group of relatives, usually spanning three generations, who live under the same roof) has started to disappear as couples seek to live in their own apartments in order to have more freedom and privacy,” said Dr. Obaid Al-Madaf, sociology professor at King Abdulaziz University.
Landlords are becoming increasingly particular about who they rent to in order to avoid problems.
“I prefer to rent my apartments to foreigners because they will pay the rent on time and maintain my property better than Saudi citizens who often try to get out of paying and cause damage that costs me a lot of money,” said Ahmed Ali, a real estate investor.
There is clearly a need for laws that protect both apartment owners and tenants.
“There seems to be a lot of ambiguity in the law, so they should write a law which protects those of us who rent apartments as well as respecting the rights of apartment owners,” said Mohammed Salem.
Al-Asmary said that a recent decision from Council of Ministers which is aimed at regulating the relationship between owners and tenants seems to deal mainly with the rights of tenants. There is a need to devise deterrents for negligent tenants, such as, imposing fines or preventing them from traveling until they pay the rent that they owe.
Many solutions are being considered to address the problem of the high rents being charged for apartments.
Some have suggested that the rent should be automatically cut from the tenant's salary every month, which would be one of the best ways to insure the owner's rights.
“Taking the rent every month as an automatic deduction from the tenant's salary might solve some of the problems and save a lot of time on both sides,” Al-Asmary explained.
According to Al-Gadi, the Development and Expansion Corporation is studying an Economic Alternative Housing project, which would build complexes of high-quality houses which average income people could rent or buy at a reasonable price.


Clic here to read the story from its source.