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Business, Infographic

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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

By TRENDS Desk
October 31, 2022 11:17 pm
  • 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.

 

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INSEAD Day 4- 300x600