"Wafiex 2019" in Jeddah combines the most prominent of off-plan sales or rent projects. | Ministry of Housing

Ministry of Housing

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Tuesday 22 Dhu al-Hijja 1441 on August 11, 2020

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26/6/1440 -on- 03/03/2019"Wafiex 2019" in Jeddah combines the most prominent of off-plan sales or rent projects.

Reviews the experience of the off-plan sales or rent in the UAE.

"Wafiex 2019" in Jeddah combines the most prominent of off-plan sales or rent projects.
Under the patronage of His Excellency Minister of Housing Mr. Majed bin Abdullah Al-Hogail, the forum and second exhibition of the off-plan sales or rent  projects "Wafiex 2019", organized by the off-plan sales and rent program "Wafi" will be held during the period 9-11 March this year in Hilton Hotel in Jeddah, in the presence of a number of Excellencies and stakeholders and the participation of the UAE as a guest of honor.

The aim of the forum and exhibition is to introduce the off-plan sales or rent system although its current and future projects, and attract local and international expertise in the field of off-plan sales or rent to benefit from their experiences and gather the relevant parties in the off-plan sales activity and provide a space for the introduction of activities and exchange of experiences. As well as partnership with the participant entities, providing opportunity for visitors to view the off-plan sales or rent projects and to identify the role of the "Sakani" program in offering the adequate housing for citizens at a lower cost and higher-quality through the residential and financial solutions provided to beneficiaries.

The forum includes, four main themes, the first one touched upon government subsidy in the Ministry sector (review of the UAE experience).However,  the second theme focuses on the management of real estate development in traditional and modern models, while the third focuses on the engineering design and its role in serving the off-plan sales projects; While the fourth and final pillar discusses the role of media and advertising in off-plan sales projects.

The exhibition and forum will be attended by several real estate development companies and financial institutions, as well as engineering and accounting offices. A number of international experiences in the field of procurement and ownership of property will be reviewed on the in-progress off-plan sales projects. What's more a number of diverse real estate products and experiences of local and regional companies in real estate development will be presented, in which "Wafi" looks forward to keeping pace with the "Saudi vision 2030" to provide adequate housing and investment opportunities in housing sector.

Through "Wafiex2019", UAE government entities will be able to present their experiences and future vision. Also, visitors will be able to view, participate and attend specialized workshops in the real estate sector and learn about the ownership mechanism in this type of real estate development.