Re-Birth of Special Economic Zones in Saudi Arabia
Today as we look into the planned and existing economic zones in GCC, they will cover 100,000 hectares of land combined in 2040. Put into context, this is a size larger than the Kingdom of Bahrain. The wheels of economic diversification and transformation started rolling in 2016 in the Kingdom following the launch of Saudi […]
Office Market Trends in Saudi Arabia’s Real Estate
We closed Q4 2023 with a smile given the increased occupier activities within Riyadh. With the nationals and international businesses queueing for quality office spaces, especially in Riyadh, the occupancy rate reached 98.1%. The year 2024 has come with its share of challenges in the office market. The headwinds resulted in expectations of a slowdown […]
Why You Need Energy Efficient Building in KSA
Why You Need Energy-Efficient Building in KSA Energy-efficient buildings are of paramount importance in the Kingdom of Saudi Arabia (KSA) due to a combination of environmental, economic, and social factors. In a study conducted by King Abdullah Petroleum Studies and Research Center (KAPSARC), energy efficient programs especially in residential buildings have the potential to reduce […]
Industrial Zone for Building Material in the Saudi-Chinese Agreement
Industrial Zone for Building Material in the Saudi-Chinese Agreement Industrial zones are valuable spaces for creating employment, attracting investments, and lifting the barriers that hinder industrialization processes. In Saudi Arabia, the creation of Industrial zones not only improves the asset base for real estate but also supports the transformation agenda in the 2030 Vision. The […]
Rental Yields and Transactions in the Key RE Markets in the Kingdom
Rental yield is a financial metric used to evaluate the return on investment for a real estate property. It measures the annual income generated by the property as a percentage of its purchase price or its current market value. Rental yield is typically calculated by dividing the annual rental income by the property’s purchase price […]
Homeownership Trends in Saudi Arabia You Need To Know
At the close of 2023, real estate transactions in the Kingdom witnessed a 16% drop. For homeownership in Saudi Arabia, this was not a piece of welcome news. It spelt doom at the dawn of 2024 when Saudis continued to grapple with high interest rates, price increases, and a significant decrease in mortgage lending. For […]
Homeownership Trends in Saudi Arabia
Home is an important place that mean different things to different people. Some find rest after a tiresome work; and other get down to real business once they are back at home. In 2024, homeownership trends in Saudi Arabia are strongly influenced by the Vision 2030 initiative, which aims to increase the homeownership rate to […]
Expats’ Demand for Homeownership in Saudi Arabia Hit 77%
For decades now, the perceived status of the Kingdom as a good investment destination has received global attention. Unfortunately, expats residing in the Kingdom had to only salivate and watch on the sidelines as Saudi citizens made kills in terms of home ownership. An attempt to actuate the Kingdom’s willingness to become a global hub […]
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 […]