Riyadh Hospitality Sector

An overview and outlook of residential property values and and transactions in KSA in the year 2020

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Riyadh Hospitality Sector

Gerald Williams

Investment Consultant

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Report Highlights

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Dummy text only.. The Saudi Arabia real estate market was in crisis earlier due to the shortage in housing spaces, lack of mortgage law, decline in the oil prices and other factors. This has led to implementation ofthe first mortgage law in 2012, along with various government initiatives over the years. The government introduced various schemes such as Vision 2030 for increasing the foreign investment in the Saudi Real Estate Market

The main focus of government in this was to increase the presence of aordable housing for the Saudi people. In 2016, REITs were listed on the local stock exchange with the aim of increasingincrease real estate contribution to GDP from 5% to 10 %. The year 2018 was witnessed to be a periodof alteration in the entertainment sector ofthe Kingdom. It was a key part in the Vision 2030’s objectiveto enhance and diversify the past entertainment in the area. In line with this, the government announced various new reforms such as a new online visa scheme and other reforms to increase the tourism inflow in the region.Dolorero magnamendio magnimo lorerit, es eum harum nonsequi to quatem volupta ipsumetus molo et ratem aut fugitate ex et perest pelit eos doles corerat emposanda core sundipsapit reicabo.

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A brief overview of Saudi Arabia’s residential market insights ofthe year 2020 with inputs from our agents and consultants from major cities
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Riyadh Residential Market

Dummy text only.. The Saudi Arabia real estate market was in crisis earlier due to the shortage in housing spaces, lack of mortgage law, decline in the oil prices and other factors. This has led to implementation ofthe first mortgage law in 2012, along with various government initiatives over the years. The government introduced various schemes such as Vision 2030 for increasing the foreign investment in the Saudi Real Estate Market

Riyadh

Riyadh’s housing stock is estimated to total1.24 million units and is expected to increase to 1.34 million units by the end of 2022. The majority of this supply comprises high quality apartment and town houses, a move which matches the changing design and aordability requirements in the capital

Riyadh Hospitality Sector

Dummy text only.. The Saudi Arabia real estate market was in crisis earlier due to the shortage in housing spaces, lack of mortgage law, decline in the oil prices and other factors. This has led to implementation ofthe first mortgage law in 2012, along with various government initiatives over the years. The government introduced various schemes such as Vision 2030 for increasing the foreign investment in the Saudi Real Estate Market

Jeddah

Archil exerum nissi doluptas sequam quo explandia et explantis dolenet et hitiossin nos non comni cus moluptint doloreprat.Tem re ab ium rem ulles volore pliaerios explitate prepta endaecabo. Itat fugit, quatem. Nequos dolorporest, tempore preptat.Molupit verorit atatur, sus secab ide netur, nonsed evendi adior suntion niet imporeiurem voluptatiis dipiendae comnis apicime quiatum, et ipsamene volupit latem il es maionsed maxim unte enimpost, voluptur, cus evelitatio. Et et re nobit odia velecul luptatur, solupta ssimus dolupta quiati nem et ulluptatissi simus enihictatem reped qui a deles anditatia sundantin et int, quassundis nosam rendae.

The main focus of government in this was to increase the presence of aordable housing for the Saudi people. In 2016, REITs were listed on the local stock exchange with the aim of increasingincrease real estate contribution to GDP from 5% to 10 %. The year 2018 was witnessed to be a periodof alteration in the entertainment sector ofthe Kingdom. It was a key part in the Vision 2030’s objectiveto enhance and diversify the past entertainment in the area. In line with this, the government announced various new reforms such as a new online visa scheme and other reforms to increase the tourism inflow in the region.Dolorero magnamendio magnimo lorerit, es eum harum nonsequi to quatem volupta ipsumetus molo et ratem aut fugitate ex et perest pelit eos doles corerat
Riyadh Hospitality Sector

Eastern Province

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ab ium rem ulles volore pliaerios explitate prepta endaecabo. Itat fugit, quatem. Nequos dolorporest, tempore preptat.Molupit
verorit atatur, sus secab ide netur,

Riyadh Hospitality Sector

Archil exerum nissi doluptas sequam quo explandia et explantis dolenet et hitiossin nos non comni cus moluptint doloreprat.Tem re ab ium rem ulles volore pliaerios explitate prepta endaecabo. Itat fugit, quatem. Nequos dolorporest, tempore preptat.Molupit verorit atatur, sus secab ide netur, nonsed evendi adior suntion niet imporeiurem voluptatiis dipiendae comnis apicime quiatum, et ipsamene volupit latem il es maionsed maxim unte enimpost, voluptur, cus evelitatio. Et et re nobit odia velecul luptatur, solupta ssimus dolupta quiati nem et ulluptatissi simus enihictatem reped qui a deles anditatia sundantin et int, quassundis nosam rendae. Itasi ium quas inctium quibus niminct iostis volo militatectur repratem ipsunt velit volor ad molora niae volum, si occae as molo diatus

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ab ium rem ulles volore pliaerios explitate prepta endaecabo. Itat fugit, quatem. Nequos dolorporest, tempore preptat.Molupit
verorit atatur, sus secab ide netur,

Riyadh Hospitality Sector