Real estate demand in Saudi Arabia’s two holy cities hits $2bn

RIYADH: Saudi Arabia’s real estate sector continues to draw international attention, with high-net-worth individuals from nine Muslim-majority countries preparing to commit $2 billion toward property purchases in Makkah and Madinah, according to a new survey. 

The findings, part of Knight Frank’s latest Private Capital Report, show that 84 percent of global HNWIs surveyed expressed interest in acquiring property in Saudi Arabia — with a clear preference for its two holy cities. …
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