2014 was highly productive year for KSA real estate sector. We observed completion of several projects and in parallel we witnessed announcements for several new residential and commercial developments. In 2014 real estate sector will maintain its solid growth momentum. Since inception, Century21Saudi has stood as one of the most trusted and reputable real estate marketing and consultancy firm, serving through its six fully operational offices across KSA. Century21Saudi has continued to grow and evolve with the changing time and continues to be at the forefront of real estate marketing and consultancy industry. Century21Saudi’s dedication and commitment to its clients remain and will continue to be the very essence of the company. We always put ourselves in the shoes of our clients and offer our services to meet and even exceed their demands.
Century21 Saudi continues to focus on delivering high standards of real estate marketing and consultancy services in an outgoing and professional manner. Working with our partners, which include local and international real estate developers, banks, investment houses , and other Specialists; we deliver customers focused special services to our clients tailored to meet their needs. Saudi Arabia has enjoyed two years of excellent economic growth, because of sharp gains in oil production, high oil prices, vigorous government spending and a vibrant nonoil economy. However, the outlook - while still comparatively encouraging - is beginning to change. KSA’s real GDP growth is expected to be 4.2% in 2013. This decline is because of drop in the oil production .
Welcome to the 2nd edition of “Riyadh Real Estate Market Overview”. First and foremost, allow me to thank you for all your appreciation of “Riyadh Real Estate market Overview H1-2012”. The overwhelming market response was a immense source of inspiration for us. Since Inception, we at Century21Saudi continued to expand our local network while providing value added real estate marketing, valuation, and advisory services that have aided our clients in transforming their business to enormous success. It is our intent to provide quality service that will make us real partner to our clients. We are not driven by a profits-first attitude, but a deep desire to do what we love to do, and to do it in a way that makes most sense for our clients. A healthy growth in the real estate development & construction sector is noted during 2012. The volume of imports of construction goods during 2012 are 40 percent greater than that of 2011, suggesting that more projects have moved from the planning stage to actual construction.
Cenury21 Saudi is official representative of Century21® Global, the most recognized name in Real Estate Market since 1971. Century21 Saudi was established in 2005 with aspire to serve market needs in highly professional decorum. Specialized in Real Estate Evaluations (Appraisal), Marketing and Leasing Services, Real Estate Research & Advisory, and Property Management, we cover all segments of Real Estate Market (Residential, Commercial, Industrial and Hospitality). It is worth mentioning that Century21Saudi has invested in building its capabilities and created innovative leadership that is capable of serving real estate market through their inventive approach. We are striving to sustain and build on the remarkable success which we have enjoyed since Century21 Saudi’s inception. In 2011, the country’s real estate market experienced sustained growth, supported by robust economic development and large government spending. The real estate market is expected to expand further during 2012. Residential and infrastructure are forecasted to expand with greater pace, while offices and retail segment will experience more limited growth.