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The real estate market in Jeddah showed a healthy growth rate for the last quarter of 2014. The residential sector saw improvements compared to Q3 2013. The office sector is performing well despite a substantial amount of office space entering the market over the last quarter. While hotel vacancy rates remained relatively stable, ADR’s and RevPAR's have increased on an annual basis. The retail sector continues to perform well and is expected to continue to do so due to the limited supply entering the market over 2015.
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27 January 2015