JLL shares insights on opportunities within entertainment, industrial and healthcare sectors in Jeddah

JLL shares insights on opportunities within entertainment, industrial and healthcare sectors in Jeddah

Dubai, UAE: JLL, a leading professional services firm that specializes in real estate, investment management and development consultancy services, hosted a VIP networking roundtable in Jeddah, Saudi Arabia, to discuss the opportunities within Entertainment, Industrial and Healthcare sectors that align with Vision 2030.

Key insights shared by JLL at the event included:

- Defining the new ‘sweet spot’ in the Jeddah residential market: Currently, supply is either in the form of low-rise villas or a limited number of extremely high-rises high-end apartments. Smart developers are however beginning to recognize that neither of these product categories match the changing expectations of consumers. Jeddah will witness a shift to the middle ground as developers respond to the “sweet spot” in demand for mid-rise apartments in mixed use projects at more affordable prices.

- Jeddah’s informal settlement areas: The urban redevelopment of Jeddah is the first in the Kingdom to make a concrete move towards redeveloping these spaces. As a result, former residential buildings, offices and retail plazas, with high vacancies in other parts of Jeddah have seen a sudden spike in demand from the displaced families, businesses and retailers. In the long run, it opens up the opportunity for improving the overall equation between the