The National Real Estate committee at the Council of Saudi Chambers successfully concluded Sairec 4, the Prominent Real Estate conference that was held under the patronage of Minister of Housing, Mr. Majed AL Hogail, earlier this month at BurjRafal Hotel Kempinski, Riyadh. The conference was conducted under the theme “The Real estate Role in the Transformation Process” and aimed to discuss the corrective actions that should be taken and the real estate laws and regulations, the public private partnerships, and their effect on the future of the real estate sector in Saudi Arabia and the economy in general.
The conference also highlighted the importance of urban planning and its role in real estate development, the individuals’ real estate mortgage and how it can stimulate development projects, the role of financial institutions and the real estate valuation in enhancing real estate investment, and the sustainable economic value in managing the Real Estate facilities.
RAFAL Real Estate Development Company, the premier residential community innovator in Saudi Arabia, were among the first who adopted the 2030 national transformation vision, who are keen to support and host economic and Real estate events such as Sairec 4 which was hosted at the Burj RAFAL Hotel Kempinski, Riyadh. Mr. Abdulrahman Bajunaid, Managing Director, RAFAL Real Estate Development Company, said “The Real estate sector is a key pillar in the economic development process and RAFAL is here to stress this fact.
This conference was conducted according the 2030 national transformation vision, and it discussed the real estate sector challenges and opportunities, the relevant governmental bodies’ efforts to support theReal estate’s regulatory and operational framework, to present an advanced model of Public Private Partnership.” It is worth mentioning that RAFAl real estate development company was established with the objective of developing distinguished residential communities with unique lifestyle that enriches the Saudi Real Estate Sector and offers both clients and investors a real opportunity to live and invest in.
RIYADH — Burj RAFAL, the iconic and unique vertical residential self-sustained community in Riyadh has released 460 title deeds to its respective owners on 19 Shawwal 1437H corresponding to 24 July 2016G, supplanting the previous sale purchase agreement issued between Burj RAFAL Real Estate Development Co. and the owners of the residential units.
The 70 floors tower constructed on an exclusive 20,000 sqm plot, is the first mixed-use community to finalize deeds in the Kingdom of Saudi Arabia, where the owners have gained all legal rights of their properties at the Burj RAFAL as per the recent Rules and regulations of the Saudi ministry of Justice and the ministry of Housing.
The owners have full rights and authority of possession, control, exclusion, enjoyment, and disposition as in lease, resale, transfer of title and other legal actions deemed necessary. Mr. Abdulrahman Bajunaid, CEO, RAFAL Real Estate Development Company, said: “We are proud to be the pioneers in complying with the legal rules and regulations, where we believe that these regulations come for the greater good of our country and are in line with the Ministry’s objectives and initiatives to achieve the strategic objectives aligned with Saudi vision 2030.”
He added: “RAFAL leads the dynamic lifestyle pattern by providing an enriched, homogeneous social environment offering both clients and investors a real opportunity to live and invest in.” It is worth mentioning that RAFAL Real Estate Development Company, established at the end of 2007, is specialized in developing integrated high-end residential communities. The company’s mission revolves around developing various residential communities. RAFAL is committed to providing consistent value for its long term partners in success.
Despite some limited rights, the Saudi woman has been able to deservedly prove her presence in all vital and developing sectors in the Kingdom, having overcomemany obstacles and challenges, which enablingher to occupy leading positions and become an active member of the community.
Sincefemale contribution limitation in real estate was visibly clear, RAFAL was prompted to place a new unconventional standard in a strategy of hiring women in various departments of the company. An approach based on the company’s belief in the importance of the female influence in the real estate sector.
Accordingly, RAFAL Real Estate development company announced that female personnel account for 20% of total company employees, holding positions in marketing, sales, engineering, design, accounting and human resources.
To empowerladies to compete and excel in the real estate sector, RAFAL was committed to createan attractive and supportive work environmentand to help them in developing their professional skills and capabilities through the use of advanced technologies and training, thus overcoming the obstacles that were faced by women within companies operating in the sector.
RAFAL Real Estate Development Company attributed the challenges facedby women in this sector to several factors; whether from regulations and procedures or other professionals in the industry neglecting the acceptance of women working among them. Thus the company is seeking to encourage the enrollment of women in the real estate sector, both residential or commercial, that would attract other women to step in.
It is worth mentioning that RAFAL Real Estate Development Company, established at the end of 2007, is specialized in developing integrated high-end residential communities. The company’s mission revolves around developing various residential communities. RAFAL is committed to providing consistent value for its long term partners in success.
Burj RAFAL, the iconic vertical residential community in Saudi Arabia, was awarded as the best residential hotel serviced complex in Saudi Arabia during the World Travel Awards ceremony that took place in Dubai, United Arab Emirates.
The prestigious ceremony, known as the Oscars of the Travel industry, gatheredleaders in the tourism, airline, hotel and hospitality sectors from the globe to acknowledge, reward and celebrate excellence,
Burj RAFAL which incorporatesBurj RAFAL Hotel Kempinski was granted 2 awards at the ceremony,“Saudi Arabia's Leading Hotel Residences” and “Saudi Arabia’s Leading Hotel”, as a recognition of the added value provided at this community that is enriching residents’ lives.
Mr. Abdulrahman Bajunaid, CEO of RAFAL Development Company said during this ceremony, “Burj RAFAL aimed to introduces a new residential concept to the Saudi Market, and we have succeeded in our mission as this Iconic community is being highly recognized locally and internationally.”
Mr. Abdulrahman Bajunaid added “We will continue our endeavor in developing unique residential communities and partnering with renowned hotel operators to take the real estate development industry in Saudi Arabia to a whole new level, where the resident is our main pillar.”
He concluded “We don’t develop projects, we introduce new life styles, new concepts of living that match the modern resident’s needs and requirements.”
It is worth mentioning that RAFAL Real Estate Development Company, established at the end of 2007, is specialized in developing integrated high-end residential communities. The company’s mission revolves around developing various residential communities. RAFAL is committed to providing consistent value for its long term partners in success.
RAFALreal estate development Company, the premier residential community innovator in Saudi Arabia, has recently announced issuing title deeds for the1 hotel and 172 apartments ofthe “RAFAL Residence Community’’ in Riyadh.
This comes in continuation for RAFAL’scommitment towards its customers by granting owners the full legal rights towards their properties in line with the recent laws and regulations issued by the Saudi Ministry of Justice and the Saudi Ministry of Housing.
RAFAL Residence, the recent addition to RAFAL communities, is a 27 floorshigh-end vertical communityfeaturing 172 elegant apartments, in addition to 234 hotel apartments (5 stars)operated by ASCOTT Hotel.
RAFAL has announced that it has sold the majority of the units that are distinguished with their unique design offering full-fledged services and diversified facilities that enrich the lives of its residents and guests.
It is worth mentioning that RAFAL Real Estate Development Company, established at the end of 2007, is specialized in developing integrated high-end residential communities. The company’s mission revolves around developing various residential communities. RAFAL is committed to providing consistent value for its long-term partners in success.
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