Via Valentina Pasquali in agbi.com: A combined 27,500 units came onto the market from January to June in Saudi Arabia’s two largest cities, bringing the total residential stock to about 1.5 million units in the capital and to 891,000 in Jeddah, a new report from the real estate consultancy JLL said. Despite this, residential sales prices jumped 10 percent over a year in Riyadh, with rents growing by 9 percent. In Jeddah, prices were up 5 percent and rents up 4 percent over the first half of 2023, the report said.
