Landlords

In this project we studied the real estate rental market of the four major cities in Saudi Arabia: Jeddah, Riyadh, Alkhobar and Dammam. We explored the relationships of prices with other features. The dataset used is found on kaggle Saudi Arabia Real Estate (AQAR) dataset It was collected and scrapped from Aqar.fm This report will help officials from the Ministry of Housing understand the current rental landscape for the average consumer (families and singles) in each city. A report of the initial data exploration

Main features discussed in our report

• City: location of the house
• Price: monthly rent (by building an assumption and performing needed calculations)
• Front: which way is the house front facing; north, west, east, south, south-east, south-west, north-eat and north-west
• Districts: which district the house is located in

  Main issues

  After exploring the dataset we found significant issues with it

• Not many observations (total of 1500 units after deleting duplicates)
• District distribution is not fair
• Price periods are ambiguous

  Solutions

• Combining the dataset with additional datasets to get more complete answers to our questions
• Build an assumption for the price period based on research done on the website “aqar”

  Main questions

• Which feature is more prominent in expensive real estate?
• Is there a preferred front?
• Is there a front that is more expensive?
• Which side of each city is considered more expensive?

  Key conclusions

• Real estate has higher prices in Jeddah compared to Riyadh, Dammam and Alkhobar (on the date of data collection)
• The features that are more prominent in expensive real estate in order are:
  1. house includes a driver’s room
  2. house has a frontyard
  3. house has a garage
• The most expensive front out of the 4 main directions is “East”, while “North-east” is the most expensive overall