Assessment of the Real Estate Sector in Saudi Arabia by Al Akaria

The real estate sector in Saudi Arabia has been one of the major economic supports for the economy of the country for at least the last two decades.

Dr. Fahad A. M. Al Said, CEO of Al Akaria Real Estate, talks about 3 fundamental characteristics of the real-estate market is Saudi Arabia: “The first is a very stable political system. The second is a highly growing economy driven by oil production and oil prices. The third is a growing population that creates a genuine demand, i.e. by Saudis. In Saudi Arabia today there are more than 20 million Saudis and there are almost 13 million expats, so the demand is genuine.”