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Othaim Markets renews two lease contracts in Dammam. PLUS: Sumou to develop over 900 units in Makkah for SAR 680 mn
PLUS: Wholesale grocery store Al Othaim Markets renewed two lease contracts in Dammam
Retail real estate demand to maintain momentum in the next two years -S&P
This will be driven by population growth, tourism inflows, and the expansion of mixed-use developments and gigaprojects
Real estate prices up 4.3% y-o-y in 1Q 2025
Riyadh saw the highest gains
Majid Al Futtaim lines up SAR 17.5 bn mixed-use project in Riyadh
The developer made the last USD 100 mn land payment last year
Construction costs climb in 2024 amid rising demand and supply challenges -Stonehaven
The sector could face cost hikes of up to 7% thanks to global tariffs and high demand
Riyadh is getting serious about real estate reform — and it’s starting with the north
The moves include regulation overhaul and unfreezing land plots
Construction contracts hit USD 29.5 bn in 2024, with the Kingdom leading in upcoming projects -JLL
The residential sector drove USD 7.9 bn in construction awards
AlBalad AlAmeen + Sumou to launch SAR 4 bn Makkah real estate fund
The fund will help develop infrastructure for the Sumou Suburb Project
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