Saudi Real Estate Market Upward Trend
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According to JLL’s latest KSA Real Estate Market Dynamics report, Saudi Arabia's real estate market continues growing due to major infrastructure investments and Saudi giga projects. In the first half of 2024, 27,500 new residential units were delivered in Riyadh and Jeddah, with prices rising by up to 10% year on year in Riyadh and 9% in Jeddah, and rents grew by 4% yearly in Dammam. Additionally, the hospitality and tourism sector saw massive growth due to increased tourism initiatives, supporting the Saudi Vision 2030 goals.
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