SEARCH IN BRIEF

 
CI launches first Saudi residential and commercial price index

Dubai-based Cityscape Intelligence has launched new market data which not only compares real estate sales and leasing prices in eighteen areas across Jeddah and Riyadh, but also compares office and residential asset classes, tracking prices back to 2007.

Moira Robertson, Project Director of CI, said, “No real estate price index like this existed in Saudi Arabia until we commissioned our own research. It was therefore surprising to find that the market has yielded on average 8% per annum, clearly avoiding the boom bust that some other Gulf markets have suffered.”

The new price index includes real estate sales and leasing prices in fifteen areas of Riyadh and three areas in Jeddah. Information on each area is then sub-divided into residential and / or office real estate.

“We also supply information on prices for commercial property on a cost per sq m basis as well as average yields for rental property. This is vital information for investors and developers and when combined with actual build costs can quickly establish initially whether projects are financially viable or not. Previously it might have taken months to reach that point in the due diligence cycle,” added Robertson.

IN BRIEF
Wednesday 17 March 2010
RIBA to open Chapter in India next year
Thu 18 Dec 2014
Download your copy of the Architects and the Media Report
Thu 18 Dec 2014
Kingspan Insulated Panels announces ZerO Energy Lighting Solution and associated report
Wed 17 Dec 2014
ARCKIT picks up multiple accolades at London Design Awards 2014
Tue 16 Dec 2014
Shortlist announced for 'Olympicopolis' in London
Tue 16 Dec 2014
Moshe Safdie to receive 2015 AIA Gold Medal
Thu 11 Dec 2014
Mayor of London approves Wood Wharf
Thu 11 Dec 2014
LAFD called to massive fire at Geoffrey Palmer's Da Vinci complex in Downtown LA
Wed 10 Dec 2014