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2008 News

November

Saudi Businesswomen To Buy Into King Abdullah Economic City
Saudi Gazette
Sunday, 24 November , 2008

Jeddah – Some 75 Saudi businesswomen gathered Sunday at the Aziza Mansour Limited Company for Property, the first all-women investment company in Saudi Arabia, to discuss plans to buy into the King Abdullah Economic City in Thwal.
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‘Genuine housing crisis’ in Makkah
Saudi Gazette
Wednesday, 19 November, 2008

MAKKAH –Authorities have said that the city of Makkah is going through a “genuine housing crisis,” with rents rocketing and supply falling far short of demand.
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Ravenous Land Sharks Plague Saudi
Kippreport.com
Monday, 17 November, 2008

Vast tracts of land on the outskirts of Jeddah have, over the past few years, turned into a battleground between illegal real estate investors and municipal authorities, reports Arab reports.
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Mehad Launches SR200m Real Estate Project in Abhur
Saudigazette.com.sa
Sunday, 9 November, 2008

JEDDAH - Mehad Al-Arabia Real Estate Developer and Marketing launched its first residential and land development project in North Abhur with a value of SR200 million.
The project comprises 500 plots in different location in North Abhur, which is approximately 60 km away from downtown Balad area in Jeddah.
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Property Investors Flock to Holy Cities
Zawya.com
Monday, 3 November, 2008

Muslim investors from around the world, including some from the United States and Europe, have leased units in the largest housing complex on Earth.
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Huge Property Growth Expected in Saudi
Propertywire.com
Sunday, 2 November, 2008

Population growth and an increasingly wealthy middle class are creating a boom in high-end real estate development in the Gulf, especially in Saudi Arabia where government reforms are encouraging development, it is claimed.
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