Housing in Saudi Arabia: Housing is the Driver of Saudi Real-Estate Sector
Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate, describes housing in Saudi Arabia. He states that the country “lacks hotels.” He sees many hotels being constructed at the moment, including 5-star and 4-star hotels. The market will be saturated in about two years.
Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate, describes housing in Saudi Arabia, which will be the future driver of the growth. “There is genuine demand for housing,” he adds. Furthermore, he states that the country “lacks hotels.” He sees many hotels being constructed at the moment, including 5-star and 4-star hotels. The market will be saturated in about two years.
Dr. Bader continues to explain Saudi Arabia has an “overflow” of office spaces. Moreover, there are huge projects underway, such as Technology Park and King Abdullah Financial Center, which should be completed next year.
About Al Saedan
Al Saedan Real Estate is one of the leading real-estate companies in Saudi Arabia. The company has a strong expertise in master-plan developments, land development, building commercial and residential centers, selling and buying local and international real estates, providing consultation in real estates, and providing valuation and estimation services. Al Saedan is an international real estate company with projects in Saudi Arabia, Tunisia and the United Kingdom.