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Foreign property ownership in Saudi will have little impact

Shane McGinley Arabian Business 02.02.2011
Middle East Real Estate Outlook: Home Loans on the Rise in Saudi Arabia

Well, good news coming from the middle east. Saudi Arabian home lending is growing at the fastest pace in over four years in the second quarter of 2012, according to reports by Bloomberg. It's evidence that banks in the largest Arab economy are more open to take risk as the nation's mortgage law comes into effect.

Foreign property ownership in Saudi will have little impact

Moves to allow foreign residents to own properties in Saudi Arabia will have little impact on the kingdom’s fledgling real estate market, a Saudi-based economist said on Monday.

Massive Saudi property development switches focus

Kevin Brass The National 09.12.2010
Massive Saudi property development switches focus

King Abdullah Economic City, the master-planned development under construction on Saudi Arabia's Red Sea coast, is reconfiguring its plans to focus on more low and middle-income housing, says the developer.

Can Saudi Arabia fix its housing time bomb?

Like thousands of young Saudis, Nayef al-Nasser is trapped between love and a dysfunctional real estate market.

Dusit International announces its first hotel in Saudi Arabia.

Dusit International, one of Asia’s leading luxury hotel groups, marks another major milestone in its expansion plan with the announcement of its seventh property in the Middle East, and the first hotel in Saudi Arabia.

Hilton Garden Inn Blossoms in Saudi Arabia

Beverly Hills, CA & Kingdom of Saudi Arabia, Riyadh, July 2, 2009: Hilton Hotels Corporation opens its first Hilton Garden Inn property in the Middle East & Africa today with the Hilton Garden Inncin the Kingdom of Saudi Arabia.

Saudi mortgage market primed for action

It is the world’s largest oil exporter and the biggest economy in the Gulf, but only one in five of its citizens owns a home.

Shuaa Capital Plans $1.1 Billion Saudi Real Estate Investment

June 16 (Bloomberg) -- Shuaa Capital PSC, the United Arab Emirates’ biggest investment bank, plans to inject more than 4 billion riyals ($1.1 billion) into real estate hospitality projects in Saudi Arabia.

Rezidor Announces the Al Muna Karim Radisson Blu Hotel in Al Madinah, Saudi Arabia

The 322 rooms-property is scheduled to open in Q3 2009 to welcome its first guests during the holy month of Ramadan and is Rezidor's second hotel in town - the group also develops the Al Madinah Paradise Radisson Blu Resort which will welcome the first guests in Q4 2010.

Saudi real estate market 'needs $120 billion' for housing units

BEIRUT: The Saudi real estate market requires investments of more than SAR450 billion or $120 billion over the next five years, said Aayed al-Qahtani, CEO of Somow Real Estate, in an interview with pan-Arab daily Ash-Sharq al-Awsat. He added that at least 1 million residential units need to be constructed to satisfy demand over the same period.


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