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Riyadh Real Estate Market Overview - Q1 2013

Q1 2013 Highlights:

Conditions in the prime residential market continue to improve for owners / investors, while the office market has moved in tenants favour during the first quarter of 2013. Office landlords are introducing more leasing incentives to attract tenants in the face of higher vacancy levels. The greater choice available to tenants will maintain downward pressure on rental levels during 2013, especially for Grade B properties. The major influence on market conditions in 2013 will be the completion of the first phase of the King Abdullah Financial District (KAFD) that will introduce a new quality of space not previously seen in Riyadh.

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