Real estate prices in Saudi Arabia to rise by 40%: Al Rajhi Investment exec – بوابة أرقام المالية

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Sales Director at Al Rajhi Investment Co., Hossam Ahmed

Real estate prices in Saudi Arabia are likely to rise by 25% to 40% in the coming period, Asharq News reported, citing Sales Director at Al Rajhi Investment Co. Hossam Ahmed.

Buy/sell, rent/lease residential &
commercials real estate properties.

On the sidelines of the Real Estate Future Forum, Ahmed said that premium residency is a unique opportunity for the real estate market. It can contribute to the sector’s growth in the coming period by more than 300%.

The Kingdom is currently experiencing a real estate boom, as more than 50% of real estate traffic is concentrated in Riyadh.

Ahmed noted that there is a shift in real estate ownership and acquisition, adding that the demand in the real estate market improved, specifically for the commercial properties.

There is a trend among all developers now is to provide commercial and residential real estate units, and there is a shift from owning residential homes to residential apartments, he highlighted.

Ahmed estimates interest rates to have a limited impact in light of the current situation in Saudi Arabia, the launch of premium residency, and the expected growth of the real estate market during the coming period.

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