The 2020’s is set to usher in a decade of change and transformation across Saudi Arabia and with it will come a host of challenges as well as opportunities for the Kingdom’s real estate markets.
As we begin to emerge from the pandemic, there is much optimism about the momentum of change that is being unleashed across Saudi Arabia and the energy and excitement the National Transformation Plan and Vision 2030 is injecting into real estate markets across the country.
Historically, Saudi Arabia’s real estate market was a bit of an enigma, often perceived to be opaque and inaccessible, but how times have changed. The sleeping giant has awoken and with over US$ 1 trillion of real estate projects planned, or underway, the Kingdom is transforming at a phenomenal pace. New Giga projects are set to redefine living, while also tempting international institutional investment in a way that the region has not seen previously.
In our second annual Saudi Arabia Residential Survey, we investigate the attitudes and appetite amongst Saudi nationals to rent, or purchase homes and we zoom in on how the Giga projects are perceived amongst potential future buyers, investors, and residents.
We invite you to explore our fascinating research findings and welcome the opportunity to discuss our analysis with you in more detail.