Jeddah Real Estate

Surging Demand Leads to Rent and Price Increases for Saudi Villas and Offices in 2023

Surging Demand Leads to Rent and Price Increases for Saudi Villas and Offices in 2023

A recent report highlights the persistent supply constraints in Saudi Arabia's real estate market, contributing to significant increases in both office rents and residential property prices throughout 2023. CBRE's latest findings reveal a notable surge in average office rents for Grades A and B units in Riyadh, with rates soaring by 13% to 22.2% over the twelve months leading up to the fourth quarter of...

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