“Listing of REIT’s in Saudi Arabia’s Stock Market coupled with Revision in Mortgage Law in which Loan to Value Ratio increased to 90.0% have driven the Saudi Arabia Real Estate Market”
Revival of Cinemas in the region: AMC Entertainment in collaboration with The Development and Entertainment Investment Company (DEIC) launched the Kingdom’s first cinema in 2018. Operators such as Cinépolis will open 6 movie theaters in country, with first in Lulu Mall, Dammam, in 2019, four scheduled for 2020 and the sixth for 2021, other operators including VOX Cinemas and Next Generation are also opening movie theaters in the region. This has motivated several other local developers to sign agreements with cinema operators from across the region to open cinema multiplexes and offer a diverse selection of entertainment outlets to customers. This has led to huge opportunities especially in the retail sector with development of shopping entertainment or “shoppertainment”.
Boosting of the New Industries: In December 2018, King Salman Energy Park (Spark) a project developed by Saudi Aramco in partnership with the Saudi Authority for Industrial Cities and Technology Zones, located in the Eastern Province was inaugurated. This park has five main regions that focus on general manufacturing, liquids and chemicals, metal formation and industrial services. It is expected that this park will make a contribution of SAR 22 Billion by 2035 in the GDP. This will fuel the demand for commercial and industrial real estate with increase in foreign investment and private sector participation.
Improving House Ownership Scenario: Government is working on tackling the housing gap in the Saudi region. For this they have launched several initiatives, for instance in 2018, The Ministry of Housing in partnership with the Real Estate Development Fund (REDF) funded ‘Sakani’ program with the aim to provide 300,000 residential support units throughout the region. The ministry signed five agreements with four property developers to set up the villas and townhouses.
The report titled “Saudi Arabia Real Estate Market Outlook to 2025 – By Retail Real Estate Market (Super-Regional Malls, Regional Malls and Community Centre), By Hotel Real Estate Market (3 Star, 4 Star, 5 Star and Other Hotels),By Office Real Estate (Premium Offices Grade A and Grade B) and Residential Real Estate Market (Apartment, Villas, Traditional Houses and Others)“ by Ken Research suggested that the Saudi Arabia Real Estate market has been increasing due to government initiatives to increase the contribution from non oil sectors in economy. Moreover, various construction activities will take place by public and private partnership; foreign investors will enter the market as it is one of the most growing countries in the GCC and Middle East region. The maximum growth will happen in supply of hotel rooms which are expected to witness a seven year CAGR of 10.0% during the forecasted period 2019-2025.
Key Segments Covered
Saudi Arabia Retail Real Estate Market
By Type:
Super-Regional Malls
Regional Malls
Community Centers
By Geography:
Riyadh
Jeddah
DMA
Makkah
Saudi Arabia Hotel Real Estate Market
By Type:
3 Star Hotels
4 Star Hotels
5 Star Hotels
Others (Less than 3 Star Hotels)
By Geography:
Riyadh
Jeddah
DMA
Makkah
Saudi Arabia Office Real Estate Market
By Type:
Premium Office
Grade A Office
Grade B Office
By Geography:
Riyadh
Jeddah
DMA
Saudi Arabia Residential Real Estate Market
By Type:
Apartments
Villas
Traditional Houses
Floor in a Villa
Others (Floor in a Traditional House)
By Geography:
Riyadh
Jeddah
DMA
Makkah
Key Target Audience
Real Estate Developers
Independent Investors
Real Estate Consulting Companies
Third Party Real Estate Companies
Independent Architects
Government Associations
Government Agencies
Time Period Captured in the Report:
Historical Period – 2013-2018
Forecast Period – 2019-2025
Companies Covered:
Property Finder (Including JRD Group)
Emerging Market Property Group (Bayut.SA)
Aqarmap
Dar Alarkan Real Estate Development Co.
Taiba Investment Company
Jabal Omar Development Company
Kingdom Holding Company
Saudi Real Estate Company (Al-Akaria)
Arriyadh Development Co
Ewaan Global Residential Company
Al Saedan Real Estate Company
Key Topics Covered in the Report
Executive Summary
Research Methodology
Real Estate Market Scenario in Saudi Arabia, 2013-2018
Macro Economic Overview of Saudi Arabia
Overview of Retail in Saudi Arabia
Factors Inflecting Retail Real Estate Sector in Saudi Arabia
Current and Future Retail Demand and Supply, 2013-2025F
Supply and Demand Gap, 2013-2025F
Saudi Arabia Retail Real Estate Market Regional Landscape
Retail Market Outlook, Opportunities and Future Development Trends
Saudi Arabia Retail Market Future Outlook
Saudi Arabia Key Upcoming Malls
Future Trends in Retail Market
Saudi Arabia Retail Market Success Factors Recommendations
Saudi Arabia Retail Space Key Features and Characteristics
Saudi Arabia Case Studies of Major Retail Centers
Saudi Arabia Hotel Real Estate Market Overview
Factors Influencing Hotel Sector in Saudi Arabia
Saudi Arabia Current and Future Hotel Supply and Demand, 2013-2025F
Supply and Demand Gap, 2013-2025F
Saudi Arabia Hotel Real Estate Market Regional Landscape
Saudi Arabia Hotel Market Outlook, Opportunities and Future Development Trends
Key Features and Characteristics of Hotels in Saudi Arabia
Saudi Arabia Key Expected Hotel Projects
Saudi Arabia Hotel Market Potential Gaps
Saudi Arabia Recommendations Regarding Success Factors of Developing Hotels
Saudi Arabia Case Study of Major Hotels
Saudi Arabia Office Real Estate Market Overview
Factors Influencing Office Sector in Saudi Arabia
Saudi Arabia Current and Future Office Supply and Demand, 2013-2025F
Supply and Demand Gap, 2013-2025F
Saudi Arabia Office Real Estate Market Regional Landscape
Saudi Arabia Offices Key Features and Characteristics
Saudi Arabia Key Expected Upcoming Office Projects
Saudi Arabia Office Market Gap Analysis
Saudi Arabia Office Market Recommendations Regarding Success
Saudi Arabia Office Market Future Outlook, Opportunities and Development Trends
Saudi Arabia Co-Working Office Space Snapshot
Saudi Arabia Case Studies of Major Office Complexes
Factors Influencing Residential Sector in Saudi Arabia
Supply-Demand Gap, 2018
Saudi Arabia Residential Real Estate Market Regional Landscape
Saudi Arabia Residential Real Estate Market Gap Analysis
Saudi Arabia Recommendation Regarding Success Factors of Developing Residential Market
Saudi Arabia Residential Market Future Outlook, Opportunities and Development Trends
Saudi Arabia Key Upcoming Residential Projects
Key Features and Characteristics of Residential Sector in Saudi Arabia
Existing Housing Typologies in Saudi Arabia
Saudi Arabia Construction Costs, 2018
Saudi Arabia Online Real Estate Market Snapshot
Saudi Arabia Real Estate Online Portals Business Model
Saudi Arabia Online Real Estate Major Players ( Property Finder (Including JRD Group, Emerging Market Property Group (Bayut.SA) and Aqarmap)
Saudi Arabia Real Estate Market Competition Scenario
Saudi Arabia Real Estate Market Major Real Estate Developers Profiles (Dar Alarkan Real Estate Development Co., Taiba Investment Company, Jabal Omar Development Company, Kingdom Holding Company, Makkah Construction and Development Co)
For more information on the research report, refer to below link:
Saudi Arabia Real Estate Market
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