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Real estate experts said that Riyadh’s goal to increase its population by about 15 million people in 2030 will contribute to its transformation into a city with an independent and sustainable economy. They added that the Riyadh Season, as well as major projects and government plans will accelerate the realization of the Saudi capital’s objectives by 2030. ....
The Saudi real estate market recorded deals worth more than 214 billion riyals ($57 billion) during the first nine months of this year, according to real estate exchange data. Real estate experts, who spoke to Asharq Al-Awsat, noted that the recent figures highlight the strength, solidity and cohesion of the Saudi real estate market, despite the surrounding factors, such as the continued rise in interest rates and the decline in financing granted to individuals. ....
During the first week of its launch, the Real Estate Exchange, which is affiliated with the Saudi Ministry of Justice, witnessed the trading of about 61 million square meters of properties in various regions of the Kingdom, with the total number of deals reaching 17,000, at a value exceeding SAR 17 billion ($4.5 billion). The real estate exchange served over 500,000 visitors, illustrating its rapid impact on the Kingdom’s real estate sector. ....