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All sectors of the Jeddah rental market remain in the upswing stage of their cycle, although the pace of growth is declining in some and the residential sector has seen a fall in prices during Q3. The office sector continues to show healthy growth as new supply enters the market at a sustainable pace. While residential prices have fallen as buying remains unviable for most middle-income households, the residential rental market is holding up, with continued growth in rents recorded during Q3. Retail rents have increased marginally, despite downward pressure on rents in older centers. The hotel sector remains one of the best performing in the region, with limited new supply entering the market.
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05 October 2015