25.06.2012 - Saudi residential market posts solid Q1 growth
The Saudi real estate market witnessed solid growth in the first quarter with the residential prices on the rise in both capital Riyadh and the Kingdom's leisure destination Jeddah, according to a report. During the period, Riyadh saw an increase in both sale prices and rental levels across all sectors of residential market with the average sale price for villas increasing to SR4,200 ( $1120) per sq m and apartment prices also higher at SR2,600 per sq m, said the report by property expert Jones Lang LaSalle (JLL)...............................................Full Article: Source
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