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Saudi property developer SEDCO Development finalizes a deal for a new commercial, residential and recreational project in Jeddah, Reuters reports.
Rental values in Jeddah’s housing sector in the first quarter of the year have decreased by 9% quarter-on-quarter and 8.5% year-on-year, Invest-Gate reports.
Saudi Arabia is to develop a new smart industrial city in Asfan, north of Jeddah, reported the Saudi Gazette.
Jeddah Urban Development and Real Estate Event – Powered by Cityscape got underway on Wednesday at the Jeddah Centre for Forums and Events and will run until Friday, November 4.
The Jeddah real estate market is slowing down, according to JLL, citing challenging economic conditions, low oil prices, and government reforms as reasons for the slowdown.