Makkah’s Grand Mosque, which contains the Kaaba, is the holiest site in Islam and a place of pilgrimage for millions of Muslims worldwide. As pilgrim numbers continue to rise, the region’s hospitality and infrastructure services are witnessing significant expansion. Makkah currently has a total of 107,000 hotel rooms, with the wider Makkah region accounting for two-thirds of the Kingdom’s...
The Middle East
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Thanks to robust non-oil sector growth and ongoing regional investment in infrastructure development, Bahrain’s banks are proving more resilient than expected during this period of lower oil prices.
Articles & Analysis | Programmes to support both real estate developers and purchasers in Saudi Arabia from The Report: Saudi Arabia 2015
The basic outline of the Saudi Arabian property market provides a tempting picture of a land of opportunity. The most populous country in the GCC region, the Kingdom has seen disposable income grow strongly. Furthermore, it has a youthful population and a culture that emphasises family formation, as well as the prospect of purchasing a first...
Articles & Analysis | Rethinking the building model to meet Saudi Arabia's housing demand from The Report: Saudi Arabia 2015
Given the constricted land environment, development costs and affordability issues in Saudi Arabia, some real estate firms are beginning to rethink the building model in the Kingdom. Indeed, from developing with greater height and density to rolling out fully serviced and planned communities, the built environment across the country is...
Articles & Analysis | New trusts and funding vehicles aid property investment in Saudi Arabia from The Report: Saudi Arabia 2015
The opportunities for investors to place capital and for developers to access funding are expanding as Saudi Arabia’s real estate market grows and matures. Indeed, there is an increasing realisation that real estate in the Kingdom is a sound asset class and, consequently, more funds are beginning to eye the market as a means of generating...
Articles & Analysis | Expanding population and a rise in tourism boost demand for real estate in Saudi Arabia from The Report: Saudi Arabia 2015
A young and growing population coupled with rising disposable income signals an optimistic future for the Saudi Arabian real estate sector and its developers. While the market, which has grown at a steady rate in recent years, seems poised for an uptick, a number of impediments related to land, financing and affordability remain, meaning that...