Manazel Trading Company Limited, an affiliate of Strata Investment Group and the exclusive franchisee of Better Homes, the region leading property services company which operates in the Middle East, opened its headquarters in Jeddah on Wednesday in the light of the increasing demand on properties in the Kingdom. One industry study said earlier that in value terms, the housing sector comprises 75 percent of all real estate activity in the Kingdom. And SR75 billion per annum will be required to meet annual housing demand in the Kingdom through 2020. Through 2010, the study added that total new real estate construction in the Kingdom will reach SR484 billion. In order to meet demand, through 2020 a total of 2.62 million housing units will be built, at an average rate of 163,750 units per annum. Through 2020, total new investment in housing will amount to SR1.20 trillion. The Saudi real estate market is a large market. Therefore, it requires the availability of a company specialized in property management and capable to meet the requirements and demands of its clients professionally, Haitham Al Karimi, managing director of Better Homes KSA, said. “We, at Better Homes believe in our leading role as a key player for the development of real estate industry services in Saudi Arabia. Our main goal is to establish the largest network of property services within the coming five years, which will allow us to consistently provide the best real estate innovative and modern solutions that meet demands and requirement of our clients. “ Al-Karimi further added: “Saudi Real estate market is a promising market and there is an increasing demand on lands, residential units, buildings and full residential complexes. Such great demand requires the availability of a company specialized in property management and capable to meet the requirements and demands of its clients professionally. We, at Better Homes have the capability to provide all appropriate solutions that help our clients to make the best choice.”
