20240425
This data is based on Middle East Research, and 98% is the highest value in the world. There are many factors that make Riyadh's office real estate hot, and the golden residency program launched this year has played a role in adding fuel to the fire. One of the programs allows individuals who invest more than four million lire (equivalent to US$1.07 million) to obtain permanent residence.
Real estate market analysis shows that high-net-worth individuals investing in Saudi Arabia's big cities are growing rapidly; the government also encourages private investment, allowing 660,000 residential units to be built by 2030 to provide for future demand.