Search Site

Trends banner

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

Major Saudi Arabian cities witness strong demand for residential, office real estate

  • Rents and prices for residential real estate in Riyadh and other major cities such as Jeddah is growing, according to JLL.
  • The Saudi real estate market is expected to register a CAGR of more than 9.74 percent during 2022 - 2027, according to Mordor Intelligence.

Riyadh—Saudi Arabia continues to fuel its ambitious target to make Riyadh one of the tenth largest cities in the world by 2030. The demand for residential properties in the city remains strong and it is expected to continue to strengthen in the longer term, according to Thierry Delvaux, CEO Middle East, Africa and Turkey at global real estate services firm Jones Lang LaSalle. He told Arab News recently that the real estate is reviving and the demand for the demand for office real estate is rising because there has been a comeback from firms that planned to open new offices. TRENDS takes a look at some key real estate indicators in the kingdom’s major cities.