Saudi real estate market

There is no doubt that the real estate sector in Saudi Arabia is a safe haven for investments. Experts believe that the size of the real estate market will witness an unprecedented movement in the volume of investments and is expected to reach 1.5 trillion riyals in the next few years due to the availability of investment opportunities for developers and investors in the real estate market The largest in the Middle East.
According to CNN, there is strong domestic demand for housing projects in Saudi Arabia, which is expected to account for 91 per cent of the volume of real estate investments in the future, as well as growing commercial development projects and the growth of the hospitality sector. At the same time, official reports confirmed that Saudi Arabia needs more than 5 million new housing units in all cities by 2020.

Al-Nafaa : the real estate market is moving on a big move

The Vice President of the Contracting Sector in the Arab Towns Holding Company, Engineer Fouad Al-Nafaa, said that the real estate market is moving on a big move, stressing that the measures are taken by the State to impose fees on white lands and projects of the Ministry of Housing lead the market to the process of correcting prices and return them to their logical level, In developing or selling schemes. "I am optimistic about the recovery of the market, but it has not yet reached the balance between supply and demand," he said in a statement to Okaz. "If the Housing Ministry completes housing projects, we will see this on the ground."