The total value of real estate and infrastructure projects launched and under delivery has exceeded US$1.25 trillion since the launch of Saudi Arabia's National Transformation Plan in 2016, while the value of commissioned projects has reached US$250 billion, according to the Real Estate Megaprojects in Saudi Arabia report by real estate consultancy Mega Real Estate Projects in Saudi Arabia by real estate consultancy Night Frank.

Faisal Durrani, Knight Frank's Head of MENA Research, says the huge statistics come as the deadline for the realization of Vision 2030 approaches, and accordingly the number of planned residential units has risen to 660,000, an increase of 30% over the past 12 months, contributing to the decline in residential sales nationwide...

Faisal Durrani, Knight Frank's Head of MENA Research, says the number of planned units in the UAE has risen to 660,000 units, an increase of 30% over the past 12 months.

The volume of office projects scheduled is 6 million square meters, and this figure was certainly impacted by the 300,000 square meters of office projects that have been completed since last fall.