Riyadh in the Limelight for Beating Big Names in Smart City Ranking
It is now 2023 and we’re only 17 years shy of 2050 when 70% of the world’s population will reside in cities! Unfortunately, the World Bank Report indicated that urban areas account for 70% of global CO2 emissions. This calls for a concerted effort to decarbonize the cities and ensure limited emissions from the industrial […]
The Kingdom’s Real Estate Market and Its Growth Potential
The fourth quarter of the year 2022 ended with a smile of hope for investors and would-be investors in the Kingdom for various reasons. RE Price Index increased by 6% The residential prices increased by 2.6% The annual increase of the RE price Index was calculated to be 1.1% The Kingdom amended its real estate […]
The essential principles in RE that must be taken into account before investing in Saudi Arabia
After several years of muted growth, the Kingdom experienced a considerable expansion in its real estate sector beginning the year 2019. For instance, the RE contributed $56 billion in 2019 constituting 7.06% of the Kingdom’s GDP. In this performance, the residential property represented 65% of the RE value in 2019 while the commercial segment represented […]
Technology solutions that are Transforming the RE due to PropTech
The top development trends in the Kingdom in 2023 are factory automation, smart living, and smart working. These trends are accompanied by technological solutions that are transforming real estate (RE) in the Kingdom. Currently, the construction sector in the Kingdom is in its progressive state with positive growth prospects. The Deloitte Survey revealed that 75% […]
Is Airbnb a PropTech?
Tourism is about experiencing the local cultures and making the most out of your interaction in new environments. Airbnb is part of the tech-led structural shifts in housing from a product into a service making it a PropTech. It feels amazing to come back to a home after a day-long encounter with the local culture […]
Principles of Green Building: What does Green Building Industry look like?
With a rich experience in building, we know for sure that builders are a conservative bunch! However times have greatly changed and there is no alternative except to convince them to change and embrace green buildings that consumer little energy, use fewer resources, and reduces harm to the environment. Whether this change occur willingly or […]
Traffic Jam in the Kingdom and What it means for the Real Estate
It is 8.00 AM on a Sunday. A daily meeting is scheduled to start at 10:30 AM in Riyadh. After every preparation, I have to look at one more thing and that is the congestion level. It reads 67% in the traffic jam index which means I need additional 30 minutes compared to less than […]
Changes in Demand for Homeownership in the Kingdom of Saudi Arabia
Homeownership is one of the visions at the heart of the Kingdom. As laid out in vision 2030, 70% of Saudi nationals are expected to be homeowners. Well, this is a jaw-dropping opportunity for real estate investors who are already salivating to meet this demand. Some through large villas and others through small houses. The […]
Struggles of Small-Time Landlords and Hope in PropTech
The RTB 2021 survey report showed the medium landlord experience. More than half of the surveyed landlords reported a positive or very positive experience. The survey noted that these landlords had properties in rent pressure zones or had more of their income coming from letting out residential properties. This finding shows how small-time landlords can […]
Barriers to Sustainable Construction
When you spot a rare sight of Arabian Oryx on Farasan Island, you may not realize that the animal faced extinction in 1972. In the words of former AIA President, Susan Maxman: Sustainable Architecture isn’t a prescription. It’s an approach, an attitude. It shouldn’t even have a label. It should just be Architecture. Since construction […]