Riyadh Hospitality Sector
An overview and outlook of residential property values and and transactions in KSA in the year 2020
Author
Gerald Williams
Investment Consultant
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- Project Building Consultancy
- Commercial
- KSA
- Industrial
- Riyadh
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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Watch
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
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
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Eastern Province
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