Hintel

Saudi Arabia's residential market soars... Do you have the right talent to deliver your Real Estate projects in the region? Knight Frank MENA's Residential Market Dashboard for Q3 2024 highlights insights into the region's thriving real estate sector. Key findings: Residential transaction volumes grew by 12% (45,924 deals), with a 25% increase in value, reaching SAR 35.4bn over the last year. Riyadh led the way with a 16% rise in sales volume and an impressive 41% growth in total value, while all major cities, except Makkah, recorded positive year-on-year changes. Residential mortgage loans granted by banks in Saudi Arabia reached SAR 55.7bn (US$14.8bn) in the first eight months of 2024, reflecting a 3% increase from 2023. The current residential supply across the five major markets is 3.5 million units, with forecasts showing this could rise to 3.7 million by 2026. Hintel helps your business build and sell the best properties in the world, through the best people. Speak with an advisor: https://lnkd.in/eNdv4YJ4

Feeling optimistic about the market? So was our panel of property experts. You can watch the deverellsmith group's full discussion from the ninth edition of our Banking on the Future event series now: https://bit.ly/3Nc8JNF

A KPMG study found that 83% of UK chief executives expect a return to pre-pandemic working patterns within three years. London workers have been slower to return to in-office work compared to cities such as Paris and New York. According to the Centre for Cities thinktank, staff in central London spent on average 2.7 days a week in the office while workers in Paris were in 3.5 days a week. Are we approaching a potential turning point for office values?

Saudi Arabia’s leisure tourism sector surged 656% since 2019, with 17.5 million international visitors in 2024. This growth follows the 2019 introduction of the first tourism visa and aligns with Vision 2030, which targeted 100 million tourists by 2030 but achieved it by 2023. From January to July 2024, 4.2 million leisure visitors marked a 25% year-over-year increase, with total international tourism up 10% from 2023 and 73% from 2019. Vision 2030 continues to drive the Kingdom's transformation into a global tourism hub. https://lnkd.in/dAtrH4jW

Today the deverellsmith group hosted our ninth edition of Banking on the Future. A panel discussion offering unique perspectives from every vertical of Real Estate. A key takeaway is that optimism is strong in the market as we enter the final quarter of 2024. You can register for the live recording which will be available next week here: https://bit.ly/4dk4Fp9 

Happy Saudi Arabian National Day to all our our friends in the Kingdom of Saudi Arabia! #saudinationalday #94 #nationalday #celebrate #saudiarabia

In Saudi Arabia, a remarkable transformation is underway, focusing on both economic growth and citizen development. Guided by Vision 2030, the Kingdom aims to diversify its economy, empower its people, and attract investors, positioning itself as a global leader. A key goal is to establish Saudi Arabia as a major player in tourism. #tourism #vision2030 #hospitality #sauditourism https://lnkd.in/dGJePUr4

How to prevent an employee tribunal. In the complex world of employment law, one misstep in the dismissal process can lead to costly consequences for businesses. A recent case involving a care worker accused of murder serves as a stark reminder of the importance of following proper procedures when letting an employee go. Read our full article here: https://bit.ly/3B4iDOn

UK companies plan to expand operations in Saudi Arabia following discussions on strengthening trade ties. Saudi Commerce Minister Majid Al-Qasabi met with the UK's Secretary of State for Business and Trade, Jonathan Reynolds, in Riyadh to enhance economic partnerships in key sectors. The Kingdom was ranked the UK’s 23rd largest trading partner in the four quarters to the end of the year’s first quarter. https://lnkd.in/d46QfEHK