Saudi Arabia is known to have plenty of oil and a vast amount of space, however, as odd as it may seem, the country has a shortage of housing. The Saudi government estimates that more than 500,000 people need new homes annually, equivalent to about 100,000 units a year.
To meet the housing requirement, scores of building projects are being launched, and the real estate business in the kingdom is gathering significant pace, it can even be called a ‘boom’.
The high price of oil has contributed to increased personal prosperity for many Saudi citizens, who now have a great deal of liquidity and are looking to buy property.
Riding this new housing wave is eSimsar.com, a new real estate portal recently launched in Saudi Arabia, catering to property hunters and sellers in the region. Not affiliated with any estate agencies, the site offers an extensive overview of both residential and commercial properties listed by licensed real estate agents and developers.
The company claims to have been established on the principles of transparency and efficiency; everything which the portal offers is intended to make the market more effective for both the property consumers and the developers/agents.
eSimsar uses Cloud Computing technology to ensure advanced services, and to provide room for easily adding in new features to give more value to clients over time.
eSimsar’s mission is to provide useful online property experience by:
- Displaying property listings along with value and price trend information
- Providing rich property data and local market information in one place
- Enabling users to search for property in a variety of customised ways
- Enabling users to connect directly with local estate agents
- Building relationships between home owners and local estate agents
Visitors to the portal can access the listed properties from around Saudi Arabia, free of charge. The site includes search functions to check property listings and price trends, as well as to search by data on property and offering types, furniture, building status, property classification, number of bedrooms, price range, build and land areas, and recently-added properties.
The company is currently planning to attract more seekers via social networks such as Twitter, Facebook and LinkedIn. eSimsar.com registered real estate companies have the option of sharing their listed properties on their own Facebook and Twitter pages as well.