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A view shows the construction of the King Abdullah Financial District in Riyadh, Saudi Arabia May 12, 2016. REUTERS/Faisal Al Nasser


Land Fees Cause Drop in Saudi Real Estate Market

Land Fees Cause Drop in Saudi Real Estate Market

by | Jul 21, 2016 | Business

Riyadh-The Saudi real estate market has marked a sharp drop of 58.6%, its lowest record in the housing sector in 2016, the result of a significant drop of 56.7% of the total weekly sales settling at SAR1.9 billion (around USD506 million), the lowest weekly level in a...