outlook of riyadh’s residential sector remains positive kpmg
Last Updated : GMT 02:26:09
Arab Today, arab today
Arab Today, arab today

Outlook of Riyadh’s residential sector remains positive: KPMG

Arab Today, arab today

Arab Today, arab today Outlook of Riyadh’s residential sector remains positive: KPMG

Outlook of Riyadh’s residential sector remains positive: KPMG
Riyadh - Arab Today

KPMG Saudi Arabia, claimed as the world’s leading audit and advisory firm, here forth represented by its real estate team, recently released its comprehensive study “Riyadh Real Estate Market Overview” highlighting the economic and demographic trends in Riyadh’s residential, retail, office and hospitality sectors.
According to the findings in the report, demand has remained robust for apartments and small-sized villas within the sector while sale prices of apartments and villas subdued in 2015. The waiting period in residential compounds ranged between two to six months, with the highest waiting period being in class B compounds. On the occupancy front, market wide figures touched 87 percent with steady increase of 3-5 percent year on year over the past three years.
The overall outlook of Riyadh’s residential sector will remain positive. The report also highlighted that the recently announced white land tax on undeveloped residential and commercial urban land would free up developable land and boost tax collection.
Focusing on the retail sector, the report indicated that current retail mall stock stands at approximately 1.5 million sqm. The sector also experienced marginal growth of 2 percent in rentals and occupancies compared to 2014 as the market went through a consolidation phase during this period.
The demand for retail space in Riyadh is likely to remain healthy in the next 2 to 3 years despite the sector having the likelihood of an additional supply of more than 1 million sqm. Moving forward rentals and occupancies are likely to remain steady.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

outlook of riyadh’s residential sector remains positive kpmg outlook of riyadh’s residential sector remains positive kpmg

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

outlook of riyadh’s residential sector remains positive kpmg outlook of riyadh’s residential sector remains positive kpmg

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday