| Real estate demand in Saudi Arabia’s two holy cities hits $2bn
Saudi Arabia’s real estate sector continues to draw international attention, with high-net-worth individuals from nine Muslim-majority countries preparing to commit $2 billion toward property purchases in Makkah and Madinah, according to a new survey. |
|
| Oman property market cools in February as deals drop 8.3%
Oman’s property market saw a dip in activity in February, with total real estate transactions falling 8.3 percent year on year to 362.3 million Omani rials ($940.7 million), official data showed. |
|
| Mortgage securitization can offer Saudi banks funding boost: Fitch
Saudi banks could unlock additional funding and expand the Kingdom’s debt market by converting home loans into investment products, according to a recent report by Fitch Ratings. |
|
| Saudi retail real estate outlook strong on tourism and Vision 2030, S&P says
Saudi Arabia’s retail real estate market is poised for growth in the near term, driven by population growth, expanding tourism, and economic diversification efforts under the Vision 2030 initiative, according to S&P Global. |
|
| Real estate leads corporate lending as bank loans top $811bn
Saudi Arabia’s banking sector experienced a surge in lending in February, with total loans reaching SR3.04 trillion ($811.46 billion) — the highest annual growth rate in more than two years at 14.89 percent. |
|
| New Saudi real estate directives reinforce home ownership goals: Finance minister
Saudi Arabia’s newly announced real estate directives underscore the Kingdom’s commitment to increasing homeownership among its citizens, according to the finance minister. |
|
| Saudi real estate sector playing key role in GDP growth: Minister
Saudi Arabia’s expanding real estate sector is contributing directly to the growth of the Kingdom’s gross domestic product, according to the minister of economy and planning. |
|
| Saudi Arabia’s real estate sector to maintain growth momentum in 2025
Saudi Arabia’s real estate sector is expected to experience growth in 2025, fueled by the ongoing efforts of Vision 2030 to diversify the Kingdom’s economy, according to a recent analysis. |
|
| UAE: Ras Al Khaimah real estate transactions surge 25,000% in 7 years
The real estate market in Ras Al Khaimah has grown significantly, with transaction volumes increasing by nearly 250 times or 25,000 per cent over the past seven years, according to the latest data from the Ras Al Khaimah Statistics Centre. |
|
| UAE banks, realty resilient as Russia-Ukraine ceasefire looms
The UAE banking sector will remain resilient amid potential Russia-Ukraine ceasefire and a subsequent likely softening of the country’s residential real estate market, say analysts at S&P Global Ratings. |
|
| Population growth, regulatory reforms and tourism reshaping Saudi real estate sector
Saudi Arabia’s real estate sector is poised for robust expansion thanks to an increasing population, growth in the tourism industry, and friendly government policies and regulatory reforms, experts told Arab News. |
|
| Saudi real estate loans hit $236bn as Kingdom captures global buyer interest
Saudi Arabia’s real estate loans surged 15.12 percent year on year to a record SR883.3 billion ($235.54 billion) by the end of 2024, driven by robust demand from both retail and corporate borrowers, official data showed. |
|
| Saudi Arabia, Italy sign $3bn deal to accelerate economic collaboration
Italian companies stand to access up to $3 billion in financing under a new agreement between Saudi Arabia’s Public Investment Fund and Italy’s SACE, reinforcing their role in the Kingdom’s economic transformation. |
|
| Housing demand in Saudi Arabia surges as 72% look to own homes: report
Saudi Arabia’s housing market is witnessing a surge in demand, with 72 percent of Saudis and expatriates expressing interest in homeownership, according to a new report. |
|
| Riyadh leads Saudi real estate surge with 18% rise in office rents
The real estate market in Riyadh is experiencing significant growth, with average rents for office spaces rising 18 percent year on year in the fourth quarter of 2024, according to an analysis. |
|
| Riyadh leads Saudi real estate surge with 18% rise in office rents
The real estate market in Riyadh is experiencing significant growth, with average rents for office spaces rising 18 percent year on year in the fourth quarter of 2024, according to an analysis. |
|
| Saudi real estate transactions jump 47% to $75.7bn amid GCC housing boom
Saudi Arabia’s real estate market continued its rapid expansion in 2024, with transactions surging 47 percent year on year to $75.7 billion, according to property consultancy Sakan. |
|
| Housing prices drive Saudi Arabia’s inflation to 2% in January: GASTAT
Consumer prices in Saudi Arabia increased by 2 percent in January compared to the same month in 2024, primarily due to a rise in housing costs, official data showed. |
|
| Oman’s property market expands 29.5% as foreign investment grows
Oman’s real estate sector surged 29.5 percent in 2024, with total transactions reaching 3.3 billion Omani rials ($8.57 billion), driven by foreign investment and government-led reforms. |
|
| Green Horizons: Saudi Arabia’s sustainable tourism drive planting seeds for economic growth
Eco-friendly holiday destinations being developed across Saudi Arabia are positioning the Kingdom as a leader in sustainable tourism, a host of experts have told Arab News. |
|
| UAE real estate market ends 2024 with record growth, led by Dubai, Abu Dhabi
The UAE’s real estate market ended 2024 on a strong note, with Dubai’s residential sales soaring 30 percent year on year to 119 billion dirhams ($32.4 billion) in the fourth quarter. |
|
| Experts highlight real estate financing, foreign investment at Saudi forum
Experts at the Real Estate Future Forum emphasized the evolving landscape of property financing in Saudi Arabia, pointing to strong bank portfolios, public-private partnership opportunities, and a focus on foreign investment. |
|
| Sports and entertainment driving Saudi real estate boom, say Deloitte experts
Saudi Arabia’s real estate sector is gaining momentum as investments in sports and entertainment create new opportunities for infrastructure development and economic stability, according to industry experts. |
|
| Saudi Arabia’s property market set for growth with billions in new projects
The Saudi real estate landscape is poised for substantial growth, as industry leaders, policymakers, and investors gathered at the Real Estate Future Forum in Riyadh to unveil major developments in property investment and tourism. |
|
| Saudi Arabia’s NHC to offer affordable homes 20% below market rates, CEO says
Saudi Arabia’s state-owned developer NHC will price units 20 percent below market rates as part of its strategy to meet the surging demand for affordable housing, revealed its CEO. |
|
| Now foreigners can invest in Makkah, Madinah property
Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority. |
|
| Saudi Arabia opens door for foreign investment in Makkah and Madinah real estate
Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority. |
|
| Saudi Vision 2030 spurring growth across the real estate sector, says industry leader at Davos
Saudi Arabia’s real estate sector is undergoing a transformation that ranges from affordable housing to luxury living under the Kingdom’s Vision 2030 reform agenda, according to the chairman of Saudi company Dar Al Arkan. |
|
| Saudi rent now, pay later firm Rize closes $35m in equity and debt funding
Saudi real estate technology company Rize has closed an SR132 million ($35 million) “Series A” funding round to expand its presence beyond the nation’s capital. |
|
| Saudi capital market strategy set to boost growth, transparency
Saudi Arabia’s Capital Market Authority has unveiled its ambitious 2024-2026 strategic plan, which aims to further develop the Kingdom’s financial market and enhance its global competitiveness. |
|
| Oman’s real estate market surges 28% to $8bn by November 2024
Oman’s real estate market maintained its upward trajectory in 2024, with transaction values soaring 28.1 percent year on year to 3.13 billion Omani rials ($8.13 billion) by November, official figures showed. |
|
| SRC and Hassana launch mortgage-backed securities to boost Saudi real estate investment
The region’s first-of-its-kind residential mortgage-backed securities will be available in Saudi Arabia as the Kingdom seeks to enhance liquidity and expand investment opportunities in the real estate finance sector. |
|
| Giga-projects fueling real estate boom in Saudi Arabia
Saudi Arabia’s real estate sector underwent a major transformation in 2024, driven by the goals of Vision 2030. The market saw significant changes, fueled by unprecedented investments and key policy reforms. |
|
| Riyadh leads Saudi real estate surge with 20.8% rise in office rents
The real estate market in Riyadh is experiencing significant growth, with rents for Grade A office spaces rising 20.8 percent year on year in the third quarter of 2024, reaching SR2,131 ($567.31) per sq. meter. |
|
| UAE’s proptech Stake expands to Saudi Arabia, to consider regional HQ relocation, GM says
UAE real estate investment platform Stake is considering relocating its regional headquarters to Saudi Arabia, but no immediate plans have been finalized, according to a top official. |
|
| Dubai: Dh10 billion worth of properties sold in just 10 hours, says top developer
Damac Properties on Thursday said it sold over Dh10 billion worth of properties in less than 10 hours, ending 2024 on a very high note for the largest private developer in Dubai and giving strong confidence to investors about next year. |
|
| Qatar’s real estate market shows resilience with luxury and office sectors leading growth
Qatar’s real estate market is showing resilience amid shifting dynamics, with a clear divergence between the performance of luxury and standard offerings, a new report showed. |
|
| Saudi Arabia’s real estate loans hit $226bn, fueled by retail and corporate demand
Saudi banks’ real estate loans surged to a record SR846.48 billion ($225.73 billion) in the third quarter of 2024, marking a 13.29 percent annual increase, official data showed. |
|
| Arabian Hills unveils Phase II of AED22bn Dubai residential project
Building on the remarkable success of its first phase, Arabian Hills Real Estate Development has officially launched the second phase of its iconic AED22 billion ($6 billion) residential development, Arabian Hills Estate, strategically located on the Dubai-Al Ain Road. |
|
| Paperless system to cut real estate transaction time
In a bid to modernize and regulate its real estate market, Kuwait has launched a new Electronic Real Estate Broker System, which is set to streamline transactions and enhance transparency. |
|
| Saudi Arabia’s National Housing Co. launches 11 residential projects in Riyadh’s Khuzam area
Saudi Arabia’s National Housing Co. has launched 11 projects in Riyadh’s Khuzam area, offering over 10,000 units to meet growing demand for quality housing in the Kingdom. |
|
| Saudi Arabia’s demand for apartments pushes new mortgages over $16bn
Banks in Saudi Arabia granted SR60.92 billion ($16.24 billion) in residential mortgages in the first nine months of 2024, an annual rise of 4.88 percent. |
|
| Saudi Arabia needs 115k new homes a year to meet 2030 homeownership target: Knight Frank
Saudi Arabia will need to construct 115,000 homes annually over the next six years to address the demands of its growing population, according to new research by Knight Frank. |
|
| Expatriates fuel strong demand for housing in Riyadh, Jeddah: report
Residential real estate demand in Riyadh and Jeddah is expected to stay robust due to population growth, particularly from expat inflows, according to a new report from S&P Global. |
|
| Real estate becoming a cornerstone of Saudi Arabia’s economic diversification, experts say
Saudi Arabia’s real estate market has rapidly emerged as a key pillar in the Kingdom’s quest for long-term sustainability and economic growth, benefiting local residents and foreign investors alike, experts have told Arab News. |
|
| Saudi real estate to see $48bn in deals at Cityscape Global 2024
Saudi Arabia’s real estate sector is poised for another major boost with an estimated SR180 billion ($48 billion) in deals expected to be signed at Cityscape Global 2024, taking place in Riyadh from Nov. 11-14. |
|
| Regulatory reforms helping drive growth in Saudi Arabia’s commercial real estate sector
Saudi Arabia’s commercial real estate sector is witnessing robust growth, driven by rising demand across key industries, including offices, hospitality, and data centers. |
|
| Kuwait: Residential property sales show signs of recovery in Q3 2024
Real estate sales were relatively stable in Q3 2024, amid a recovery in residential sales from weak levels of previous quarters and a surge in investment sales, outweighing a fall back in commercial activity. |
|
| Saudi Arabia’s real estate price index rises 2.6% in Q3: GASTAT
Saudi Arabia’s real estate price index rose by 2.6 percent in the third quarter of 2024 compared to the same period last year, driven by growth in residential sector expenses, according to official data. |
|
| Riyadh’s population to hit 9.6m by 2030, driving demand for 305k new homes: Knight Frank
Saudi Arabia’s capital Riyadh is poised for significant population growth, with the number of residents projected to rise from 7 million in 2022 to 9.6 million by 2030, according to a new report. |