A Saudi engaged in real estate emphasized the importance of real estate funds and he considered them as an important mechanisms that should be available for financing huge projects in Saudi Arabia, referring that to that financing normally needs huge guarantees, and in major projects land value is not guarantee, because it is less than project value, thus there should be second mechanism, which is real estate fund that collects amounts of moneys subject to profit and loss, and guarantee will be the project.

Mr. Saadi Al Shammari – Executive President of Wajaha Real-Estate Company in a report to (Riyadh), has revealed about placing financing products to the individuals, in addition to specialized financing product placed to real estate developers without interests.

Shammari has expected that application of real estate mortgage regulation in the kingdom will contribute in solving many obstacles that expose growth of real estate market, through facilitating financing processes and putting an end to increase of properties prices and availability of houses sizably.

He said that application of estimation regulation and other regulations such as real estate mortgage regulation, building code, in kind registration of properties will work on activating, growing and increasing demand to properties sizably.

He confirmed that banking financing is still weak and does not suit with expectations of Saudis generally and it should be fast and smooth, that means to serve citizens, dealers and to create specific move in property far from reservations, where real estate sector is passing through pressures and reservations that should be displaced so that investment to launch and increase therein, especially Saudi Arabia is passing through development phase in different development fields, which real estate industry is most important one in Saudi Arabia.