Stefan Burch News Today

The Saudi real estate market is in delivery mode,

The Saudi real estate market is in delivery mode, with massive residential and commercial projects delivered and four new Special Economic Zones (SEZs) created as the kingdom’s GDP reached SR10.1 trillion ($2.6 trillion) in 2023.

An impending landmark law that allows non-Saudi residents to own property in the kingdom will be a game-changer for the Middle East’s property market, prom..

According to the Dubai Land Department (DLD) weekly report, there were 3,267 real estate and property transactions conducted in Dubai during the week ending February 24, 2023,

The real estate markets of Dubai and Saudi Arabia are set for further growth in 2023 mainly driven by the spurt in residential sales as well as rise of rent prices of commercial office space in Dubai and significant growth in Saudi GDP, said an expert.

RIYADH: Saudi Arabia's real estate market is up for positive growth in 2023, with the post-pandemic recovery of the tourism sector being the key indicator within the hospitality sector, revealed the latest report from global consultancy firm Deloitte. Reflecting the upbeat mood in the real estate market, Deloitte’s ninth annual Middle East Real Estate Predictions 2023 report

Fractional ownership of real estate, powered by blockchain technology, can turn properties liquid and tradable among a more diverse pool of investors, a Deloitte report said.