Explore lucrative investment opportunities in Saudi real estate at IPS 2024

Explore lucrative investment opportunities in Saudi real estate at IPS 2024

Dubai, UAE -- (ARAB NEWSWIRE) -- As the landmark 20th edition of the International Property Show (IPS) 2024 draws near, global investors are turning their attention to the thriving real estate market in Saudi Arabia. With key indicators pointing towards a promising landscape, IPS 2024 serves as the ultimate platform for exploring and capitalizing on investment options in the Saudi real estate sector.

Investors worldwide are turning their attention towards the Kingdom of Saudi Arabia, given the qualitative leap in real estate initiated by the Kingdom. This is based on economic diversification, especially in light of positive indicators in the real estate sector. This makes it one of the prominent sectors that will drive economic growth, alongside startups and small to medium-sized projects, aligning with the Saudi Vision 2030.

According to CBRE’s ‘Saudi Arabia Real Estate Market Review Q3 2023’, the Kingdom’s GDP will see a rise in 2023, which stands as a testament to the country's economic stability. With headline inflation declining to 1.7% in September 2023 and a notable decrease in the unemployment rate to 4.9% in Q2 2023, the Saudi market exhibits a robust foundation for investment.

Riyadh, the capital city, witnessed a remarkable 12.9% rise in Grade A rents,