UAE holiday planning, Saudi visa rule updates, Dubai real estate records, Coldplay in Abu Dhabi and more top news stories this week
Saudi real estate market
Latest in Saudi real estate market
commercial real estate
Saudi Arabia’s Jeddah Tower to serve as magnet for surge in global investment in the Kingdom, say experts
The ambitious project, projected to be 180 meters taller than the reigning title holder for the world’s tallest building, Burj Khalifa, when completed
Real Estate
Saudi Arabia real estate: Office and residential sectors maintain positive momentum in the Kingdom
CBRE Middle East report on third quarter 2024 says occupancy rates in Riyadh are running close to 100%
Dar Global
Dar Global announces launch of $530m Trump Tower Jeddah
The Trump Tower will feature several highlights including the Trump Club, Saudi’s first members-only social club
Fractional Ownership
Saudi real estate investments start at just $133 as Stake launches fractional ownership in Riyadh
Stake brings international investors chance to part-own Saudi real estate from as little as $133
Dar Global
Trump Organization, Dar Global to develop two new luxury real estate projects in Riyadh
The announcement comes as the companies prepare to launch Trump Tower Jeddah in Saudi Arabia this week
Jeddah
ROSHN’s ALAROUS hits 80% sale of phase 1, aims to ease housing shortage, appeal to expats in Jeddah
The project will span over 4 million square meters once it has been completed and comprises of 18,000 homes
commercial real estate
Saudi real estate: Grade A offices hit 98% occupancy as global firms rush in
To meet surging demand, Riyadh plans to add more than 1.6 million square metres of Grade A office space by 2028
CBRE
Saudi real estate: Best-performing areas, price rises and increase in sales
Saudi Arabia’s real estate market has witnessed significant gains as transactions and values increase
Makkah
Saudi developers Ladun and Mawten to co-develop $220mn luxury residential tower in Makkah
The project, spanning 6,580 square metres, will include 935 luxury serviced residential units
Cityscape Global
Riyadh to host Cityscape Global in November with 400+ real estate giants showcasing visionary projects
The 4-day meet, christened as ‘Cityscape Global’, will showcase visionary projects and innovative approaches to technology, sustainability, and quality in the sector
Dar Global
Saudi real estate: Dar Global, Mouawad announce MASSIVE $235mn luxury residential project in Riyadh
The development, located near the World Expo 2030 site in the north of the city, marks Dar Global’s entry into the Saudi market and Mouawad’s expansion into luxury real estate
Damman
Saudi real estate: Riyadh property prices up 10% in a year, Jeddah climbs 5%; analysts forecast further gains
Saudi real estate sector sees supply increases as hospitality and residential real estate flourish across the Kingdom
BlackRock
Saudi real estate: BlackRock signs major property financing deal
US finance giant signs deal with Saudi Real Estate Refinance Company
CBRE Middle East
Saudi real estate: Massive increase in residential sales in Riyadh and Jeddah
CBRE identifies a lack of quality stock as a factor in holding back potential of Saudi real estate market
Real estate in Saudi Arabia
Leading real estate player Victor Lechman, several others eyeing foray into Saudi property market
Industry experts said more and more international and regional industry players will be looking to enter the burgeoning real estate sector in Saudi Arabia due to its potential for hitting high growth rates
affordable housing
Saudi real estate shortage: What will it take to drive down Riyadh construction costs?
Saudi Arabia’s giga-projects are pricing out real estate developers as construction costs skyrocket and exacerbate the supply crunch for housing and office spaces in Riyadh, expert says