CBRE MENA’s Post

Saudi Real Estate Financing Experiences Shifts in 2023 – What Does It Mean? SAMA reports reveal a revealing picture of Saudi Arabia's real estate financing landscape. By the end of 2023, the total value of financing reached 767 billion riyals, with 160 billion for corporates and a substantial 607 billion for individuals. Intriguingly, financing for specific property types saw declines: Apartments: -26% compared to 2022 Villas: -36% compared to 2022 Could these declines signal: 1-The impact of rising interest rates? As financing becomes more expensive, demand can potentially soften. 2-A natural market stabilization? After periods of growth, markets often experience a leveling-off phase. 3-Lender caution due to inflated property prices? Increased risk perception can lead to tighter lending practices. Let's Discuss: What factors do you believe are driving these trends? How might this influence the future of the Saudi Arabian real estate market? #SaudiArabia #RealEstate #Finance #MarketTrends #SAMA #cfoinsights #realestatefinance #cfo https://lnkd.in/dqcfuQTz

This just came out: Saudi Arabia has lifted restrictions on land development in certain zones of North Riyadh, a major step toward the city’s urban and economic growth. This move unlocks prime land in one of the capital’s most strategic areas, paving the way for significant residential and commercial developments. With its proximity to key roads and mega projects, North Riyadh is set to become a major hub for real estate investment. The news represents a major milestone in the release of the long awaited Riyadh Strategy. The infrastructure improvements and new projects that will follow are expected to drive both residential and commercial expansion, opening up new avenues for both local and international investors. As Saudi Arabia continues to align with Vision 2030, initiatives like this help create a more integrated, vibrant cityscape. The potential for growth and investment is clear, and it’s exciting to see how Riyadh will evolve in the years to come. At Stake, we’re focused on making these kinds of opportunities accessible to more people. As the market evolves, our goal remains the same: to ensure that investors—big and small—can participate in the Kingdom’s next phase of urban development. https://lnkd.in/dPFVhfi6

Saudi Arabia's real estate market is experiencing a significant boom, with the Real Estate Market platform playing a key role. Riyadh is leading the charge, accounting for 51% of the exchange's total value in the first 5 months of this year, with residential transactions making up 86%. This growth indicates a surge in property trading, with buying, selling, and financing all facilitated through the exchange. Interestingly, residential properties seem to be driving the market in Riyadh. This would put the Saudi real estate market on the radar of major investors. #SaudiArabia #RealEstate #Riyadh #Investment #CFOinsights #buitenvironment #CFOrealestate https://lnkd.in/d_SSB_8X

Hear from Allard de Monchy, a Director in our Advisory & Transaction services team, on his outlook on the Saudi Arabia office sector in 2024. In Saudi Arabia, occupier activity will remain relatively concentrated within Riyadh, where, given the elevated demand levels from both national and international occupiers, we saw the headline occupancy rate reach 98.1% in Q4 2023. Read our report on the Middle East Market Outlook for more insights: https://cbre.co/3UryL3M #CBREMENA #CBREmarketoutlook #2024marketoutlook #realestateinsights #officemarket

Real estate prices in Saudi Arabia rose by 0.6% in the first quarter of 2024 on an annual basis, with the residential sector increasing by 1.2%, while the index rose by 0.3% on a quarterly basis, according to data from the General Authority for Statistics.

𝐀𝐝𝐚𝐦 𝐍𝐞𝐰𝐦𝐚𝐧’𝐬 𝐅𝐥𝐨𝐰 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐖𝐢𝐭𝐡 𝐑𝐢𝐲𝐚𝐝𝐡 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬. Flow, led by Adam Newman, is making its global debut by partnering with local investors to develop three residential buildings in Riyadh, Saudi Arabia, with plans to open the projects in 2025. Image Credit: مشاريع السعودية | Saudi Projects #Flow #AdamNewman #SaudiRealEstate #RiyadhProjects #GlobalExpansion #ArabTimes #ArabTimesNewspaper #ArabTimesNews

Diriyah Company l شركة الدرعية, a subsidiary of the #Saudi Public Investment Fund #PIF, has unveiled an ambitious project with a total value exceeding 7.8 billion Saudi riyals ($2 billion), marking the largest construction contracts in the region's history. The project aims to create a thriving mixed-use area north of Diriyah, incorporating advanced educational institutions, #global #cultural #sites, #modern #office #spaces, and a #luxury #hotel. This landmark development promises to transform the area into a vibrant hub for #education, #culture, #business, and #tourism. ▪️The construction of this massive project will be a collaborative effort between Al-Saif Engineering Company #ESEC from #SaudiArabia and the #Chinese General Architectural Company #CSCEC. The partnership between these two prominent construction companies showcases the growing collaboration between Saudi Arabia and China in the realm of infrastructure development. ▪️This significant #investment by the Saudi #Public #Investment #Fund demonstrates the kingdom's commitment to diversifying its economy and creating new opportunities for #growth and #development. The project is expected to generate employment opportunities, stimulate #economic #activity, and enhance the overall appeal of the region. As the project progresses, it will be interesting to witness the transformative impact it has on the landscape and the community in the surrounding area.

Nine Kuwaiti government agencies have been assigned to complete 35 projects, with a total investment of 15.6 billion dinars over the next nine years. Here are some key projects: Affordable Housing Project: This project will replace existing housing in the Taima and Sulaibiya areas, covering an area of 8 km² and offering 9,800 housing units. The total cost is 1.03 billion dinars, with completion slated for 2028. Railway Network (Phase I - Advisory): A 111 km railway track will be built, connecting Kuwait to the Gulf Cooperation Council (GCC) countries. The track will run from the Saudi border in the south to Shadadiya in the north. D-Ring Road Development: Aiming to reduce traffic congestion and improve safety, this project will cost 417 million dinars and include the construction of pedestrian bridges and improved access to highways. Doha Port Development: This port project, with a budget of 80 million dinars, is scheduled for completion in 2028. Shuaiba Port Development: With a total investment of 108 million dinars, this project is currently in the preparatory phase and is planned for completion by 2027. Kuwait Ports Authority Storage Areas: Set to be completed in 2028, this project will enhance storage areas at a cost of 200 million dinars. Regional Road (Phase 2 - Northern Part): Currently 92% complete, this project will be finalized by 2026 at a cost of 274 million dinars. Mubarak Al-Kabeer Port: This major project, at a cost of 990 million dinars, is in the implementation phase and expected to be completed in four years.

Saudi Real Estate Market platform surpasses 5.3 billion sq m. in transactions within one year

𝐄𝐚𝐬𝐭𝐞𝐫𝐧 𝐏𝐫𝐨𝐯𝐢𝐧𝐜𝐞 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐐𝐚𝐭𝐢𝐟 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐏𝐥𝐚𝐧. The Eastern Province Development Authority has greenlit a comprehensive plan to transform Qatif Governorate into a thriving coastal oasis, encompassing urban development, agricultural revitalization, heritage preservation, infrastructure improvements, and enhanced public services. Image Credit: مشاريع السعودية | Saudi Projects #QatifDevelopment #CoastalOasis #EasternProvince #SaudiArabia #UrbanPlanning #Development #Progress #ArabTimes #ArabTimesNews