Saudi Arabia's Real Estate Boom: A Visionary Opportunity
Saudi Arabia's real estate market is rapidly transforming due to Vision 2030, boosting demand for commercial and hospitality real estate. Homeownership has risen from 47% in 2016 to 60% in 2020, and is with expectations of reaching expected to reach nearly two-thirds by 2030, driving residential construction. This growth across various sectors is attracting international investors, supported by the introduction of Real Estate Investment Trusts (REITs) that enhance market transparency.