Knight Frank MENA’s Post

📣 OUT NOW: Knight Frank's Saudi commercial Market Review. The office market has been one of the biggest beneficiaries of Vision 2030, with occupier demand rising nationally. What is extraordinary about the market dynamics is the sheer shortage of prime office options, with occupancy rates as high as 98% in Riyadh. The shortage of options has left some businesses with little choice but to settle for less-than-ideal space, as is reflected in the rapid increase in Riyadh’s grade B rents which are up a staggering 26% when compared to this time last year. Click below to download your copy of our report to learn more about the office, hospitality and data centre markets in Saudi Arabia: https://lnkd.in/gdbrUkkZ #saudiarabia #vision2030 #offices #hospitality #datacentres #riyadh #jeddah #dammam Harmen de Jong Talal Raqaban MRICS Max Gardiner MRICS Yazeed Hijazi Stephen Beard Stephen Flanagan Adam Wynne MRICS Brad Boliko James Hodgetts MRICS MCR Andy Love Mohamed Nabil Moataz A. Mosallam Moemen Hafez Amar Hussain Vera Zabelina Christopher Payne Ph.D Fatma Musalli Marnieli dela Cruz Imen Ferah Ethan Punzalan Aliaa El-Esaaki Raoudah Albakri Ibrahim Alrashed Reda Omar Balbaid Rana Mira Fares S. Anna Lvova Knight Frank MENA

The most recent Saudi commercial market report from Savills, a global real estate firm, highlights Riyadh's office market's continued strength in the face of global economic challenges. Ramzi Darwish, Head of Saudi Arabia at Savills Middle East Read more: https://lnkd.in/gT36sv4x #REMTIMES #ResilientEconomy #NonOilSector #GlobalRealEstate

We are proud to announce the signing of a Memorandum of Understanding (MoU) between CBRE and the Real Estate General Authority | الهيئة العامة للعقار (REGA) at the Real Estate Future Forum in Saudi Arabia. This collaboration marks an important step in our commitment to supporting the growth and development of the real estate sector in the Kingdom. Through this partnership, we will work alongside REGA to attract investors and developers to the Saudi market, leveraging our global expertise to drive opportunities and innovation in the industry. The MoU was signed by Michael Young, Managing Director of CBRE MENA, and Jaber Al Meshal, Chief Operations Officer at REGA, under the sponsorship of the CEO of REGA. Elias Bou Habib, Head of Consulting for CBRE Saudi Arabia, was also present at the signing. We look forward to working together with REGA to shape the future of real estate in Saudi Arabia. #CBREMENA #RealEstate #SaudiArabia #REGA #RealEstateFutureForum

Discover five key trends driving the Saudi Arabia residential real estate market right now. Explore more in our full CBRE Saudi Arabia Residential Notes for October 2024: https://cbre.co/3Y7UlLi - for more market insights, contact Hattan Alsharif, Ph.D. or Matthew Green. #CBREMENA #realestateinsights #saudirealestate

The Saudi Arabian residential real estate market is set for significant growth in 2024, driven by increasing demand in key cities like Riyadh, Jeddah, and Dammam. The market is expected to reach USD 187.20 billion, with a CAGR of 8.77% through 2029. This expansion is aligned with Vision 2030, which aims to increase homeownership rates to 70% by 2030. The government's support, including incentives for developers and financial assistance for homebuyers, is making housing more affordable and accessible. Riyadh alone accounts for 60% of total transactions, thanks to its strong infrastructure projects and growing investor confidence. Additionally, the popularity of off-plan sales is rising, catering to the younger population and expatriates. To learn more about these trends and insights, read the full market report on platforms like Knight Frank or CBRE. At Property Automate, we are fully equipped to help real estate companies embrace digital transformation, enabling them to capitalize on these opportunities by streamlining operations and enhancing the customer experience. #DigitalTransformation #RealEstate #PropertyAutomate

Taimur Khan, our Head of Research, shares his outlook on the residential sector for the Middle East in 2024. Price performance in the GCC’s residential sector has almost uniformly been positive over the course of 2023, with only villas in Bahrain and apartments in Jeddah seeing prices decline marginally. Read more in the CBRE Middle East Market Outlook 2024 report: https://cbre.co/3UfnvaM #CBREMENA #CBREmarketoutlook #2024marketoutlook #realestateinsights

🇸🇦🇸🇦JEDDAH🇸🇦🇸🇦 LAUNCHING SOON... ...TRUMP TOWER... PLEASE GET IN TOUCH FOR MORE INFORMATION OR TO EXPRESS INTEREST... 🇬🇧 +44 753 626845 🇦🇪 +971 585 202260 Dar Global, the luxury international real estate developer, and The Trump Organisation, renowned for its prestigious properties and iconic developments worldwide, have announced plans to develop a new project in Jeddah, Saudi Arabia. This new agreement builds on the tremendous success of The Trump International Oman project within the AIDA development, one of the largest premium mixed-use real estate projects in the world, which has already received remarkable acclaim. Targeting the luxury Saudi Arabian market and international investors, this development significantly advances Dar Global’s growth strategy of capitalising on opportunities across key cities in the Kingdom. As the international arm of the Saudi mega-developer Dar Al Arkan, this new project marks Dar Global’s debut in Jeddah, Saudi Arabia and will further strengthen its real estate offerings in the country. Listed on the London Stock Exchange, Dar Global currently has US$5.9 billion worth of projects under development in six countries – the UAE, Oman, Qatar, the UK, Spain, and Bosnia. Ziad El Chaar, CEO of Dar Global, said: "We are delighted to strengthen our ongoing relationship with The Trump Organisation and expand our portfolio by delivering premium properties to redefine Saudi Arabia’s high-growth real estate market. The new agreement in Saudi Arabia will leverage the strengths of both organisations to attract more international investors and vacationers. This collaboration underscores our commitment to grow our footprint by elevating the standards of luxury living in the region.” Eric Trump, Executive Vice President of The Trump Organisation, said: "We are thrilled to expand our footprint in the Middle East and bring the Trump standard of luxury to the region through our long-standing relationship with Dar Global. This collaboration embodies our shared vision of creating landmark developments that exude luxury, quality, and sophistication. Together with Dar Global, we are setting new benchmarks for excellence, aiming to meet the demand for iconic properties in key markets.” #jeddah #saudiarabia #luxuryrealestate #trump #investment #globalinvestor

🌍 $1.68 Trillion Worth of Projects in MENA Real Estate The MENA region, especially within the Gulf Cooperation Council (GCC) countries, is experiencing significant activity in the real estate sector, with an estimated $1.68 trillion in planned or ongoing projects. Saudi Arabia is at the forefront of this development, boasting $1.06 trillion in real estate investments. While the office market remains robust, global economic uncertainties could impact overall activity. The region is also emphasizing diversification and sustainability, attracting considerable investment into the hospitality and retail sectors. This focus positions MENA as a dynamic player in the global real estate landscape. #MENA #RealEstate #GCC #InvestmentOpportunities #Sustainability #Hospitality #RetailSector

GCC nationals and expatriates are set to invest US$ 538 million in Qatar’s residential property market, as revealed by Knight Frank’s second annual Destination Qatar report. The survey examined regional perspectives, interests, and ambitions concerning home ownership in Qatar, alongside preferences for leisure, shopping, and entertainment in the country. Knight Frank MENA Read more: https://lnkd.in/gMFic4Vn #REMTIMES #QatarRealEstate #GCCInvestments #PropertyMarket #MiddleEastInvestments #RealEstateNews

Explore the latest trends & developments in the Saudi Arabia real estate market right now: https://cbre.co/3wV15Ti “We do also expect that there might be some bifurcation in performance within the residential sector, with new quality assets likely to register record rates.”- Taimur Khan, Head of Research – MENA at CBRE. #CBREMENA #realestateinsights #saudirealestate