Understanding Real Estate In Kingdom Of Saudi Arabia

By Author: Gregor Tarquin
Total Articles: 9
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The Kingdom of Saudi Arabia is seeing substantial action in real estate auction in a bid to draw attention of more real estate developers, land dealers and investors. Recent industry reports reveal that شقق تمليك جدة and شقق تمليك الرياض offers some of the world's best investment opportunities. This is because of the strong domestic housing demand, an attractive project pipeline and an expanding hospitality sector.

If you look at the astonishing figures, then you will be surprised to see how the Government's efforts have resulted in massive growth in real estate investment. With more than US$ 36 billion of FDI and over US$ 500 billion of real estate projects already underway, the Kingdom of Saudi Arabia presents some of the most lucrative and accessible opportunities for regional and international real estate investors.

Investment in real estate industry is one of the most attractive options for any investor because it gives higher capital appreciation and there ...
... is an option of generating fixed income by means of rent. Finding a house property is an investment of a lifetime for many people and thus it is always a very difficult decision as there are various factors, which are to taken into consideration. Saudi Arabia's young population is filled with first time homebuyers. The population growth is 2% annually and about 45% of the country's population is below 20 years old. Moreover there are 5.5 million expat workers in the country as well. This sharp rise in population figures is causing housing demand to outstrip the supply. But as Saudi Arabia is experiencing a bonanza from high oil prices, we see positive ripples of it in the economy especially real estate sector.

Saudi Arabia's unprecedented real estate boom is reflected in the progress in شقق تمليك جدة and شقق تمليك الرياض. With favorable demographics and a strong economy, both these cities are performing strong in the real estate segment.

In the past year, if we look at Jeddah, there was a 15% rise in average sales price of single-family dwellings i.e. villas and duplexes to SAR 3,980 (US $1,061) per sq. m., while the average sales price of multi-family dwellings i.e. apartments rose by 14% to SAR 2,450 (US $653) per sq. m. In the capital city of Riyadh, things are no different. There was a 9% rise in the average price of single-family dwellings i.e. villas and duplexes, to SAR 3,150 (US $840) per sq. m. Likewise, there was an 8% rise in the average price of multi-family dwellings i.e. apartments to SAR2,860 (US$762) per sq. m..

Gregor Tarquin is United States Author. Saudi Arabia is a place which is considered to be the most pious one for all the Muslims across the world. Finding an apartment on rent Jeddah is now easy and handy. For more details on شقق تمليك جدة and شقق تمليك الرياض than please visit our website.