Publication Date:
Sun, 2004-03-14 03:00
JEDDAH, 14 March 2004 — The real estate market in Jeddah has recently witnessed considerable activity. The increase is due to the offers and demands for residential property and land as well as the market attracting capital from outside the city. There is interest on the part of Gulf businessmen in Jeddah real estate investment. Real estate deals have exceeded SR1.1 billion with the price for a single plot of land reaching SR1 billion. Sources confirmed that land in the south of Jeddah has been sold for SR980 million in addition to other plots sold for SR123 million.
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