DUBLIN--(BUSINESS WIRE)--The "Assessment of Masterplans in Riyadh - Outlook to 2023" country profile has been added to ResearchAndMarkets.com's offering.
This report provides an overview of Riyadh city, factors influencing the Riyadh residential market, supply and demand assessment in Riyadh by segment (apartments, villas and vacant lands), residential supply characteristics in terms of housing, market insight and performance, analysis of sale price determinants, infrastructure development cost, land price assessment in Riyadh city, construction costs for different class (high class, medium class, and low class), typical characteristics of apartments and villas in Riyadh.
The report also includes a competitive analysis of masterplans in Riyadh and key features and characteristics of the residential sector in Saudi Arabia. The report concludes with the future outlook, investment opportunities, and development trends, the future landscape of the residential sector in Saudi Arabia along with key expected upcoming masterplans.
Riyadh City Review
Riyadh, the capital city of Saudi Arabia is the headquarters of financial business centers where significant international and Arab conferences and exhibitions are held beside major national festivals and events.
It was observed that over 80 mega projects, each worth of at least USD 1.0 billion are presently underway or planned for completion as per the Saudi Vision 2030 NDP (National Development Plan).
Market Insight and Performance
The residential market in the KSA has seen fundamental changes, for instance, the approval of long-awaited mortgage law which led to an increase in the home financing credit disbursement. The year 2017 ended on a positive note for the country, with the government implementing multiple key initiatives and reforms under the Vision 2030.
However, the country's economy was dragged down by low crude oil prices. The country's real estate market demand remained subdued in the year 2017 with declining rental rates across all classes coupled with low occupancy levels in the country.
Competitive Analysis of Masterplans in Riyadh
The majority of the masterplans in Riyadh were observed in their developing phase, however, the competition scenario is anticipated to change in the near future along with the expected entry of new players in the country's residential market.
Some of major masterplans operating in Riyadh (Eastern region) include Al Shroog masterplan, Loa'loat Al sharg masterplan; Al Rimal masterplan, Modon Al Sharg masterplan, Bawabat Al Sharg (Al Muzaini Real Estate - East Gate) masterplan, Al Ma'ali masterplan, and Al Qadisiya masterplan.
Masterplans compete on the basis of various parameters including land area, target segment, residential as well as commercial plot area, building height; land price and others. Modon Al Sharg and Al Rimal (western) are two of the leading masterplans in Riyadh in terms of land area.
Riyadh Residential Market Future Outlook
Despite facing difficulties over the past 2 years, the residential market in the KSA is expected to maintain an overall positive outlook due to the multiple reforms that are being presently planned and executed by the Saudi Arabian government. The most prominent of these reforms are included within Saudi Vision 2030 and the National Transformation Program.
These reforms over the long term aim at overcoming the multiple obstacles that are being faced by the residential sector such as the high land prices and the imbalance between demand and supply. The emergence of residential compounds has been gaining popularity amongst tenants. These complexes are in line with Grade B compounds and also offer apartment units, limited facilities, and other basic amenities. Some of the key expected upcoming masterplans in the KSA include King Abdullah Financial District (KAFD), Red Sea Project, NEOM city, Jeddah Tower, Al Widyan, The City of Tomorrow and others.
Key Topics Covered:
- Executive Summary
- Research Methodology
- Riyadh City Review
- Factors Influencing Riyadh Residential Market
- Supply and Demand Assessment in Riyadh by Segment (Apartment, Villas and Vacant Lands), 2016-2023E
- Residential Supply Characteristics in terms of Housing
- Market Insight and Performance
- Analysis of Sale Price Determinants
- Infrastructure Development Cost
- Land's Prices Comparison in Eastern Side of Riyadh City
- Land's Price Assessment in Riyadh City (North, South, East, West of the City)
- Construction Costs for Different Classes by Residential Asset Type in Riyadh, 2018
- Typical Characteristics of Apartments in Riyadh
- Typical characteristics of Villas in Riyadh
- Riyadh Residential Market Outlook, Opportunities and Future Development Trends
- Key Expected Upcoming Masterplans in the Saudi Arabia
- Common Big Masterplans Characteristics in Riyadh
- Key Features and Characteristics of Residential Sector in Saudi Arabia
- Competitive Analysis of Case Studies
For more information about this country profile visit https://www.researchandmarkets.com/r/ez0sqw