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Transcript
00:00What are the key trends you're seeing in Saudi's big cities?
00:02Well, it depends on the asset class.
00:05Without a single doubt, the office has been the hottest in terms of price increases,
00:12followed by land prices over the last few years.
00:16But now with all the government regulations,
00:19it started a little bit to be more mature and stabilised
00:24and to start to be reduced a little bit over the past two months.
00:30I would say the retail has been almost stable.
00:33Some decline on the lower quality bit.
00:37So it's not as fast in terms of pace and the other sectors.
00:42When it comes to industrial,
00:44industrial has been witnessing significant growth
00:48due to the limitations of the available quality supply.
00:53And for the hospitality, there's been a significant shift toward Riyadh
00:57over the last few months.
01:00due to all of the events and conferences are being hosted.
01:04And finally, when it comes to the residential,
01:10Riyadh and Jeddah are a bit ahead of the curve.
01:12But Riyadh, again, has been witnessing a significant increase
01:16over the last few years
01:17due to the massive relocation of population
01:21internally within the kingdom
01:23to Riyadh, migration, and international experts.

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