Investment in affordable housing set to intensify

The Jeddah Urban Development and Real Estate Investment Event — Cityscape Jeddah 2013, scheduled to take place on March 2-4 at the Jeddah Centre for Forums & Events, is expected to be a unique one, with this year’s inclusion of exciting new features. In addition to the largest Real Estate Exhibition in Saudi Arabia, being added to its portfolio this year, is the Residential & Affordable Housing Summit, the Hotel Investment & Development Summit and the World Architecture Congress Saudi Arabia, which will provide a wealth of opportunities for various asset classes in the real estate sector.

With a market heavily fueled by domestic consumption, as opposed to future projections in other GCC countries, Saudi Arabia represents a significant hub of opportunities for the local, national and international industry players. “The Jeddah Urban Development and Real Estate Investment Event — Cityscape Jeddah is one of the most important and strategic events in our portfolio. With a solid combination of demographic and economic growth positions, Jeddah is a major center for residential and commercial development projects,” said Hussain Al-Harthi, VP and MD, National Exhibitions Company. “All demand drivers are in place to sustain growth within the residential market, offering ample opportunities for investors to make attractive returns. Jeddah’s population has doubled over the last 25 years to 3.6 million, and this growing population coupled with limited housing supply is expected to drive prices and sustain demand.”

Read more: http://www.gulfbase.com/news/investment-in-affordable-housing-set-to-intensify/228924