Ideas That Generate Results
Saudi Arabia Housing Sector Outlook to 2017
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Publish Date : Nov, 2013| No. of Pages : 45
Saudi Arabia has managed to attract enormous investments and remains a preferential destination for real-estate developers in the Middle-East region. Among all the segments of real-estate industry, residential sector is witnessing huge demand in the Kingdom. Some of the important factors attributing to the growth of the residential real-estate market include continued government stimulus, and recovering oil prices. Increasing population, growing Saudi labor force, coupled with rising number of immigrants coming to the Kingdom, is also generating demand for housing. Thus, the potential demand of housing units is expected to grow at a CAGR of around 3.1% during 2013-2017.
Our new report, “Saudi Arabia Housing Sector Outlook to 2017”, is an outcome of extensive research and thorough analysis of industry trends. Our study finds that the Kingdom is witnessing huge developments in the housing construction, due to increase in expatriate population along with domestic population and rapidly declining household size. Moreover, majority of the Kingdom’s population does not have their own houses and live in rented houses. This is creating huge demand for housing units in the Kingdom.
Our report provides forecast of new housing units demand potential in the kingdom till 2017. During the study, we have observed that affordable housing is in high demand in the Kingdom, owing to lack of affordability of Saudi Arabia’s people. Thus, the real-estate developers have started focusing on affordable housing segment.
The report also provides a detailed overview of the housing sector in Saudi Arabia. It presents insight on housing units by tenure, administrative area, construction material, and type. In addition, industry trends & developments, and future residential projects are also discussed in the report, which will drive the growth in housing industry in the Kingdom.
Besides, we have also analyzed several industry verticals such as IDC and Fit-outs, furniture, cement and steel. We have included forecast till 2017 on these verticals, which will help industry and its related players to get the complete hawk-eye view of the industry.
Furthermore, the report provides profiling of the major players including Makkah Construction and Development Company, Red Sea Housing Services, Arriyadh Development Co., Dar Al Arkan Real Estate Development Co. and Saudi Real Estate Company (Al Akaria) which will help clients to gain insights on the overall business and recent activities of these players. Overall, the report presents optimum information and balanced research outlook on the potentials of the Saudi Arabia housing sector.