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Research

Report

Jeddah Real Estate Market Overview - Q1 2016


In the first quarter of 2016 Jeddah witnessed a general slowdown across its real estate sectors due to demand-supply mismatch and the country’s overall macroeconomic scenario. In the residential segment, sales prices continued to decrease marginally while rents started slowing down after continuous growth in 2015. The office market witnessed a further slowdown in the growth of lease rates while retail market lease rates showed signs of stabilisation.  The hotel sector is impacted by the general economic slowdown as a result of lower oil revenues affecting various demand drivers. 

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