Residential Tower Apartment Rentals Lead Saudi Real Estate Activity
Due to their market value, apartment rentals in high-rise towers are leading Saudi Arabia’s residential real estate sector as the most profitable of real estate branches. According to experts, apartment rentals’ annual revenues exceed 12% of their total price. Apartment rental activity in residential towers has surpassed all other real estate activities in the local rental sector, said experts, revealing that the rent for these apartments can reach up to SAR 270,000 annually.
Source: aawsat.com