(MENAFN) The real estate markets in Riyadh and Jeddah have maintained the steady growth during the third quarter of this year, real estate firm JLL said in a new report.
Demand remains strong within the residential sector, particularly as high-end residential properties and community developments continue to be active and on track for completion in 2016 and 2017.
The strong demand is attributable to continued demand for existing office space and further delays in the delivery of mega-projects King Abdullah Financial District (KAFD) and the IT and Communications Complex (ITCC).
"The Riyadh real estate market has maintained a steady performance this quarter. The office sector showed signs of stability," National Director and Country Head of JLL KSA said.