Real Estate
Regional countries drew 23 percent of BRI spending in 2022
90% would purchase property in the Emirate after selling their existing one
Capital values grow 12.4 percent, rents jump 22.9 percent
Investments in place to transform Riyadh into a global metropolis
New company launched to oversee project construction
Regulatory updates pave way for future freehold boom
Several new projects in the works to diversify Kingdom's economy
Market expected to grow at CAGR of 8 percent by 2028
Developers look to cash in as record deals soar
Optimism prevails nevertheless for long-term outlook
Infra and urban projects to drive growth
Dubai expected to remain immune to interest hikes
Dubai is currently the hottest market in the world
Market risks must be overcome for long-term benefits
Abu Dhabi developer teams up with Dubai Holding
Awareness of ESG essential as ethical investment interest grows
New property handovers in 2022 reached 35,560 properties
Diversification in asset classes underway
Inflation and urban demands among key influencers
Manufacturing investments being incentivised
The majority of these projects are located in Saudi ($71.4 billion)
Real estate and sports tourism growth to buoy diversification plans
