With estimates of new housing requirements being upwards of 3 million units in the next five years, and demand for commercial space also increasing, the Saudi Arabia property market is an exciting market under development. The Saudi government is also focused on developing the tourism industry especially in the Red Sea coast of Saudi Arabia, and the long awaited Saudi Mortgage Law is now soon to be in action, helping to diversify sources of real estate investment.
Cementing it’s presence in the Middle East and adding to the already solid network in the region, throughout the UAE, Oman and Egypt, Hamptons International is set to open its first branch in Jeddah, Saudi Arabia. The new branch will add global property experience to the local knowledge of its expert Jeddah property team. The planned professional property services will include sales, leasing, property management, valuations and research studies.
To find out more about the opportunities we have on offer in Saudi Arabia, call 800 Hamptons (800 4267 8667) or from outside the UAE +971 4 366 1662, or email enquiries@hamptonsuae.com.