Mohamad Rabih Itani’s Post

Illuminated by city lights at night, Riyadh resembles a bright sea of flowers amidst the desert landscape. It is the capital and most populous city of Saudi Arabia, situated in the heart of the Arabian Peninsula. Riyadh's transformation has been remarkable - from a small, fortified desert village in the 17th century to a modern metropolis of several million inhabitants in the 20th century. The city offers modern office spaces, state-of-the-art communication networks, and a conducive environment for entrepreneurs. With over 4000 mosques, bustling shopping centers, and cultural souks, life in the city is dynamic and centered around family values. Riyadh plays a key role in the Saudi Vision 2030. The government aims to make Riyadh one of the world’s top 10 economic cities. With a focus on economic, industrial, and tourism growth, they plan to invest $23 billion over the next 8 years. Despite its desert surroundings, Riyadh has developed extensive green spaces and parks, offering residents and visitors a respite from the arid climate. . . . . #Riyadh #Place2Place #Globalcities #GlobalRelocation

Revitalizing Riyadh: Real Estate's Surge through Strategic Renewals In a robust move to enhance Riyadh's real estate landscape, property owners are revitalizing assets, spurring rental income growth by up to 50%. This comes as part of a wider trend of retrofitting older properties, aligning with the demands of a modernizing city and contributing to Saudi Arabia's #RealEstate revival. With a sharp 20.7% increase in prime office space rents and a population boom, Riyadh's market is flourishing, as is the commitment from international companies to set up regional headquarters, per #CBRE insights. For more information, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Riyadh #RealEstate #PropertyMarket #RentalGrowth #UrbanDevelopment #AssetRenewal #CommercialRealEstate #KnightFrank #CBRE

Riyadh has emerged among the top 15 fastest-growing cities by 2033 on the Savills Growth Hubs Index. Driven by Vision 2030, Saudi Arabia continues to offer endless opportunities for new development and business expansion. Notably, Riyadh is the only non-Asian city on Savills’ top 15 Growth Hubs list due to its forecast of a 26% population growth, taking the city from 5.9 million to 9.2 million in 10 years. Riyadh’s growth will likely result in continued government spending on mega infrastructure projects as well as improved amenities and services to accommodate the growing population. Read more: https://lnkd.in/gKgXPr_x #SaudiArabia #SaudiVision2030 #Riyadh #EconomicGrowth

A massive residential development is planned for the outskirts of Riyadh, Saudi Arabia.  Saudi-based Talaat Moustafa Group has joined forces with the National Housing Company (NHC) to develop a project called Banan City. This ambitious undertaking aims to provide over 27,000 new homes for Saudi families. Spread across 10 million square meters in northeastern Riyadh, Banan City will offer a variety of housing options, including villas and apartments.  Sustainability is a key focus, with 40% of the project area dedicated to green spaces. Healthcare, education, shopping, and other amenities are also planned, creating a complete and integrated living environment for residents. This project signifies a significant investment in Saudi Arabia's housing market and aligns with the country's Vision 2030 goals for economic diversification #realestate #saudiarabia

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Riyadh is preparing to host major global events, driving its tourism and development forward. With its urban population growing significantly, traffic jams have become a common issue. The population of the capital is set to double by 2030. Consequently, there is a growing demand for convenient and efficient public transportation. Thankfully, as part of the King Abdulaziz Project for Riyadh Public Transport, six metro lines have been constructed and rigorous testing is ongoing. These lines will cover a total length of 176 kilometers (109 miles) and include 85 stations. The project began in 2014. The estimated cost of the project's construction is $22.5 billion, and it is expected to become operational for passengers soon. With 105 kilometers of predominantly underground rail, the residents of #Riyadh and tourists are expected to embrace this new mode of travel, which will enable them to navigate the city easily in every direction. This metro system could very well serve as the cornerstone of #SaudiVision2030. Now that is #sustainablegrowth

Commercial real estate projects in Saudi Arabia have significantly impacted local communities, fostering economic growth, and enhancing the urban landscape. Here are a few notable examples: 1- Al Faisaliah District, Riyadh: This mixed-use development is an iconic landmark that includes a luxury hotel, office space, and a premium shopping center. Its architectural grandeur and diverse offerings have not only elevated the city's skyline but also created numerous job opportunities, contributing to the area's economic prosperity. 2- King Abdullah Financial District, Riyadh: Designed as a world-class financial center, this project has attracted major national and international financial institutions, fostering a hub for business and commerce. The district's establishment has not only bolstered Riyadh's position as a financial powerhouse but has also catalyzed the growth of related service industries, further driving economic development. 3- Jeddah Corniche Development: The transformation of the Jeddah Corniche has revitalized the city's waterfront, offering a vibrant mix of commercial, residential, and recreational spaces. This project has not only enhanced the quality of life for residents but has also become a magnet for tourism, bolstering the local economy and creating a sense of community pride. These examples showcase how commercial real estate projects in Saudi Arabia have positively impacted local communities, contributing to economic vitality, job creation, and the overall well-being of residents. #TechIntegratedMall  #EfficientShopping  #FutureOfRetail #SaudiRealEstate #KSAProperty #RiyadhRealEstate #RealEstateInvesting #SaudiPropertyMarket #NAMA

𝐑𝐢𝐲𝐚𝐝𝐡'𝐬 𝐋𝐮𝐱𝐮𝐫𝐲 𝐎𝐟𝐟𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐁𝐨𝐨𝐦𝐬 𝐰𝐢𝐭𝐡 𝐚 98% 𝐎𝐜𝐜𝐮𝐩𝐚𝐧𝐜𝐲 𝐑𝐚𝐭𝐞 🔝 In an astonishing display of market strength, #Riyadh's luxury office spaces now boast a 98% occupancy rate, ranking among the highest globally. This insight comes from the Middle East Research Head at #KnightFrank, who highlighted this achievement in a recent interview with Al-Sharq News. 🔅 Key factors driving this surge include significant legislative changes in Saudi Arabia, viewed favorably by markets. A pivotal amendment this year was the introduction of the Premium Residency for property owners with assets over SAR 4 million, significantly influencing the real estate sector. 🔹️Moreover, there's a marked increase in global wealthy individuals seeking to invest in real estate in key cities such as Makkah and Medina. Other legislative reforms aimed at providing developers with more licenses are expected to support Saudi Arabia's goal to add 660,000 new housing units by 2030. 🔹️As Riyadh's population grows, partly due to multinational companies moving their regional #headquarters to the city, the demand for schools, hospitals, and other facilities is also rising. This underscores the vibrant economic ecosystem and the city's capacity to attract international business interests. #RealEstate #Investment #SaudiArabia #Riyadh #BusinessDevelopment #KnightFrank #LuxuryOffices

#ZeeVentures: Unlocking Passive Income Opportunities in Saudi Arabia | Real Estate As someone deeply passionate about financial independence and investment opportunities, I'm excited to share insights that can help you tap into this lucrative sector so let's explore how you can leverage Saudi Arabia's booming estate market to generate passive income this 2024. Residential Rental Properties. Investing in high-demand areas like Riyadh, Jeddah, and Neom can ensure stable income from long-term leases. With the growing expatriate community and young professionals, quality housing remains in constant demand. Commercial Real Estate. The expanding economy boosts the need for office and retail spaces in business districts. Investing in commercial properties can attract long-term tenants such as start-ups, multinational companies, and retail businesses. Property Flipping. Identifying undervalued properties for renovation and quick resale can be highly profitable. Focus on areas with high growth potential and rising property values, ensuring a swift turnaround with a reliable network of contractors and agents. Saudi Arabia's real estate market in 2024 offers diverse opportunities for generating passive income. By strategically choosing investments and leveraging the Kingdom's economic growth, you can create a strong income stream to meet your financial goals. How do you plan to capitalize on this market? Join the conversation and let's discuss! #Vision2030 #SaudiArabia #SustainableGrowth #Innovation #GlobalLeadership #Progress #RealEstateInvesting #PassiveIncome #FinancialFreedom

Riyadh's Metro X Corporate Real Estate: How is Riyadh's new metro system creating prime locations for emerging business hubs? Location Location Location: Properties near transit stations achieve higher occupancy rates and greater profitability for developers. This is driven by enhanced accessibility, which attracts top talent with convenient commutes, along with proximity to vibrant lifestyle options and improved visibility. Circular Economy: Properties near transit stations will not only be well-connected to other commercial areas but will also create opportunities for nearby businesses catering to daily commuters. Saudi Green: Having direct access to public transportation can incorporate sustainability standards, such as LEED certification, to ensure energy efficiency and environmental responsibility, aligning with the city's Vision 2030 goals. It Can Only Get Better: Investing in areas around metro stations future-proofs your workplace developments, as these spots are expected to grow in demand and value as the metro network expands. #RiyadhMetro #Workplace #CorporateRealEstate #Vision2030 #UrbanGrowth #RealEstateInvesting #Sustainability #LEED