Introduction Saudi Arabia's Retal Urban Development Company has inked a significant sub-development agreement with the National Housing Company (NHC) to construct 295 residential units in the suburbs of Riyadh. This project represents a substantial investment of SAR660 million ($176 million), reflecting the ongoing expansion and development within the region's real estate sector. Read this also :...

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...