Saudi housing markets diverge in 1Q as Riyadh slows, Dammam grows
Riyadh’s housing boom is cooling just as a supply wave arrives, while Dammam keeps climbing
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Riyadh’s housing boom is cooling just as a supply wave arrives, while Dammam keeps climbing
Riyadh’s zones are mega-project heavy, Jeddah goes wide, and the holy cities keep it in the faith
The warehousing facility is built on a 576.7k sqm plot and has been under construction since 1Q 2023
Riyadh leads Saudi retail with 4.17 mn sqm GLA and 2.2 mn more due by 2028
Demand for modern facilities outpaced the addition of 1.3 mn sqm of space, pushing up rents and occupancy rates
ALSO- Hawyia Auctions sold SAR 919.5 mn in residential plots
Residential sales hit SAR 164.8 bn
The Ukrainian team will remain in the Kingdom for talks with US Secretary of State Marco Rubio
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