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Volume :43 Issue : 166 2017      Add To Cart                                                                    Download

Assessing the Influence of Dwelling Prices Variables in AL Khobar City.

Auther : Prof. Ahmed J. AL Jarallah - Ameen M. Bin Mohanna

     The limited studies on the estimation of different kinds of dwellings especially in Saudi Arabia is mainly due to the unavailability of secondary data. For these studies, researchers need to collect data from the field. The literature on housing indicates that an enormous number of variables influence the cost of dwellings, and collecting data on all dwelling variables, either directly from the field or by secondary means, is impossible. As a result, researchers always select some variables and ignore other important variables with greater value than what they select. Therefore, this study aimed at introducing the descriptive survey approach as a necessary step to determining the most important variables that influence the estimation of the cost of dwellings in order to achieve an effective model for pricing. Two objectives towards the achievement of the goal are: 1) to review the literature of dwelling prices in order to identify the most commonly studied variables that influence the cost of dwellings; and 2) to assess the identified variables by conducting five- point Likert scale structured interviews in Al Khobar City. Sixty variables were identified and assessed in the conduct of twenty two structured interviews with the representatives of the real estate firms in AlKhobar city. Finally, the study presented some recommendations and highlighted further research.


 

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May 18, 2017

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