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Q1 2013 Highlights:
The Jeddah market continues to see demand for prime offices with declining vacancies recorded in Q1. Villas remain the strongest performing sector of the Residential market, recording increases in both rents and sale prices during the first three months of 2013. Conditions in the apartment market remained more stable, with no increase in average price or rents being recorded. There has been little change in retail market conditions in Q1, while Jeddah remains one of the strongest performing hotel markets in the region, with further improvements in room rates and RevPAR compared to the same period of 2012.
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26 June 2013