Saudi Business News’ Post

A more diversified residential market in Riyadh is on the horizon, offering smaller units ranging from 50 to 60 sqm. This shift isn't about affordability but about creating investment-led products to attract future business and leisure visitors. Embracing this diversity opens up new opportunities in the market. #RiyadhRealEstate #MarketDiversity #InvestmentOpportunities

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

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

🚨 Interesting read the other day 🚨 Saudi Arabia’s real estate market is expected to hit $69.5 billion by end of 2024? Compared to a $67.2 billion (3% increase) for 2023 and $61 billion compared to 2020. This explosive growth is being fueled by: 1️⃣ Surging Demand for Office Spaces: Riyadh is emerging as a business hub with office space demand increasing due to expansions by major international and local companies. 📈 2️⃣ Affordable Housing on the Rise: Vision 2030 has led to partnerships between the public and private sectors to develop affordable residential units, filling a critical gap in middle-income housing. 🏘️ 3️⃣ Tech Transformations: PropTech and smart property solutions are reshaping how real estate is managed and experienced, aligning with government initiatives to create smart cities. 🔧 4️⃣ Increased Interest in Off-Plan Projects: Off-plan sales are gaining momentum as buyers seek long-term investment opportunities. This trend is particularly strong in major cities like Riyadh and Jeddah, where new developments are offering competitive pricing and attractive financing options. 📊🏗️ The Saudi market is set for an 8% annual growth rate over the next five years through 2030 🚀 #RealEstate #SaudiArabia #Growth

Great insights into the real estate sector in Saudi Arabia! According to CBRE's latest report, the Kingdom leads the GCC's real estate project pipeline for 2024, accounting for a staggering 63.1% of total projects in the region. With an estimated $1.06 trillion investment, Saudi Arabia is driving growth and innovation in the GCC's real estate landscape, showcasing immense opportunities for investors and developers alike. The report highlights Riyadh as a focal point for office sector activity, with high demand from both national and international occupiers. Additionally, the residential sector in Riyadh is expected to witness significant price growth, outperforming other key cities in the Kingdom. In the hospitality sector, Saudi Arabia is poised for a bright transition in 2024, as it gears up to welcome visitors to its tourist destinations. From new developments to traditional leisure hotspots like Al Khobar and Jeddah, the Kingdom is embracing a competitive market. As we navigate through this dynamic landscape, the outlook remains positive, with robust economic growth and limited supply driving sustained upward momentum in the Middle East real estate market. Excited to explore the opportunities ahead in Riyadh's thriving real estate market! #RealEstate #GCCProjects #SaudiArabia #Riyadh #BusinessOpportunities #Consultancy #InvestmentPotential

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

Saudi Arabia's commercial real estate market is among the strongest globally, with a 𝟲𝟱% 𝘀𝘂𝗿𝗴𝗲 in office space demand in Q1 2024.  💪🏻 The market shows robust performance across all sectors, with a 𝟱𝟯% 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 in overall occupier demand. Industrial and retail sectors also experienced significant growth. Commercial real estate rents and capital values, especially for prime properties, are expected to continue rising, supported by large-scale infrastructure projects and government investments under the Saudi Vision 2030 plan. Despite high valuations, the market is seen as stable and still in an upturn phase. #saudiarabia #saudirealestate #realestate #vision2030 #saudigrowth #saudieconomy

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

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

Riyadh's Housing Market Booms with a 52% Rise in Transactions. Recent data shows a 51.6% surge in residential transactions in Riyadh alone by Q2 2024, with over 18,500 sales valued at SR26.6 billion. The Kingdom’s real estate sector is poised for even more growth as population increases and government-backed investment projects align with Vision 2030. Key Highlights: 🔹 Jeddah also saw a significant jump, with a 43.2% increase in sales, while Dammam Metropolitan Area rose by 22.4%. 🔹 The Sakani Program continues to support Saudi families with personalized housing and financing solutions. 🔹 Riyadh’s real estate prices are appreciating rapidly, with average apartment prices rising 11.7% annually since 2020. 🔹 Top Villa Districts in Riyadh: Hittin and Al-Malqa remain the most expensive, with prices ranging from SR9,500 to SR13,500 per sq. meter. 🔹 Areas like As-Sulimaniyah and An Nakheel continue to command the highest apartment prices. As Saudi Vision 2030 transforms the landscape, Riyadh and Jeddah’s thriving real estate markets are key drivers of economic diversification. 💡 Looking to explore opportunities in real estate investment advisory, strategic partnerships, or investor advisory in KSA? Let’s connect and discuss how we can collaborate! #SaudiRealEstate #Vision2030 #RiyadhBusiness #RealEstateAdvisory #KSAInvestments #BusinessNetworking #InvestorAdvisory #FDIPromotion #StrategicPartnerships #Arabianproperties