Specialized real estate reports confirmed that the total number of hotel rooms that will enter service in Riyadh will reach more than 8,000 rooms by the end of 2018, with substantial delays expected that may ease the pressure on prices.

The report stated that 11,000 housing units entered the market during the second half, mostly homes belonging to Saudi families or small developers, bringing the supply of housing units to more than one million units.

The report stated that 11,000 housing units entered the market during the second half.

A report by Jones Lang LaSalle showed that residential properties and office spaces saw a slight decline in their rental values during the second quarter of 2016, as rents for villas and apartments decreased by 1 % and 3 % respectively from quarter to quarter, while prices for villas and apartments saw a slight improvement but are still low compared to last year.

A report by Jones Lang LaSalle showed that residential properties and office spaces saw a slight decline in their rental values during the second quarter of 2016, as rents for villas and apartments declined by 1 % and 3 % respectively from quarter to quarter.

The hotel market continued to suffer from a slowdown in performance levels from the beginning of this year, as the average daily rental rate decreased by 7 % to reach $ 220, and the report noted that the decline in business trips, reduced government spending and the entry of new hotels into the market put downward pressure on daily rates and occupancy, negatively impacting the performance of the sector.

The company's report indicated that the hotel market continued to suffer from a slowdown in performance levels from the beginning of this year.

The occupancy rate declined by 6 %, resulting in a 15 % decline in RevPAR performance.

The occupancy rate declined by 6 %, resulting in a 15 % decline in RevPAR.