Luxury Real Estate Blog and News

Expat exodus taking its toll on Saudi real estate market

November 28, 2019 - Saudi Arabia
Around 1.9 million expats have left Saudi Arabia in the past two years, with their exit taking a toll on the country's real estate market, a recent report found.

The 'House Inside a Rock' by Amey Kandalgaonkar

May 23, 2019 - Saudi Arabia
Shanghai-based architect Amey Kandalgaonkar has designed and 3D rendered a House Inside a Rock by combining minimalistic concrete slabs with the organic geometries of natural rock.

Jeddah real estate market continues to soften in Q3

October 26, 2018 - Saudi Arabia
New JLL report says Jeddah office rents dropped further during Q3 as vacancy rates continued to increase

King Abdullah Economic City sets up second home department

August 02, 2016 - Saudi Arabia
Saudi Arabia megacity, King Abdullah Economic City, has set up a new resale and rental property department to boost secondary sales.

Saudi projects on show at Cityscape Jeddah

May 06, 2014 - Saudi Arabia
Saudi Arabia is gearing up to welcome an estimated 8,000 realtors, designers and investors at the upcoming Cityscape Jeddah 2014, which is set to take place this weekend.

Construction of the world’s tallest tower set to begin

March 26, 2014 - Saudi Arabia
Construction of the Jeddah-based Kingdom Tower, which is set to be the world's tallest building, is scheduled to begin next month.

Kingdom Tower in Saudi Arabia

May 10, 2012 - Saudi Arabia
The Kingdom Holding Company approved the plan to build the USD 30 billion Kingdom Tower in Jeddah the tallest building on Earth that will stand one mile high.

Saudi Arabia real estate market to gain largest value in Middle East markets

June 02, 2010 - Saudi Arabia
Real estate investors in Saudi Arabian are likely to see 10% gains in the next 12 months as the market has more maturity and stability than others in the Middle East at present, it is claimed. Saudi Arabia is the strongest performing real estate market at present and could stay like that for the next 12 to 24 months, far exceeding expectations in other Middle East markets, according to the Jones Lang LaSalle Investor Sentiment Survey. Some 40% of investors, analysts and economists questioned said they believe that the kingdom’s real estate market had already stared to recover while another 40% expect the market to recover by the end of 2010.

World's second tallest building to open in Saudi

March 11, 2010 - Saudi Arabia
The world's second tallest building will be opened next August in Saudi Arabia, Meed has reported. The 577-metre Makkah Clock Royal Tower will be 59 metres taller than the 508-metre tall Taipei 101 tower in Taiwan, but 251 metres shorter than the Dubai's 828-metre tall Burj Khalifa. Developed by the Saudi Bin Laden Group, the tower is a part of the 4.5 million-square-metre, Abraaj al-Bayt complex, of the Kingdom Holding Co.

Saudi projects worth $20bn put on hold

August 03, 2009 - Saudi Arabia
About 80 projects worth around $20bn have been put on hold or cancelled in Saudi Arabia due to the global economic downturn, Dubai-based research firm Proleads Global said in a report yesterday. "The economic crisis has not had a great effect on the rate at which projects have been cancelled in Saudi Arabia," the report said. The report examined more than 720 projects worth more than $430bn across all property sectors.