The results of the survey revealed that 82% of international high net worth buyers are keen on owning real estate in Saudi Arabia. The survey results revealed that 82% international HNW buyers are keen to own Saudi real estate and 73% who wish to use the property as their primary residence are "very interested", while 61% vacation home buyers share the same level of enthusiasm.
The survey results reveal that 82% international HNW buyers are keen to own Saudi real estate and 73% who wish to use the property as their primary residence are “very interested”, while 61% vacation home buyers share the same level of excitement. Knight Frank explained that the demand drivers supporting the desire to acquire property in the Kingdom largely stem from viewing Saudi Arabia as a “good investment opportunity” (60%), with “cultural and religious reasons” ranking second in importance (45%).
Night Frank explained that the demand drivers supporting the desire to acquire property in the Kingdom are largely driven by the perception of Saudi Arabia as a “good investment opportunity” (60%).
In terms of where they would like to settle and live, 30% of respondents would like to reside in Mecca, with Riyadh coming in second (25%) and Medina being the third most popular investment destination with 19% votes.
When it comes to where they would like to settle and live, 30% of respondents would like to reside in Mecca, with Riyadh coming in second (25%). For respondents who consider the Kingdom their permanent home, a third (33%) focus their attention on real estate options in Makkah, while Riyadh (27%) is the next most popular choice.
Knight Frank's survey results show that investors have a slightly different view, with respondents choosing Mecca and Riyadh equally as the top two target locations for investment (28% each).
The results of the Knight Frank survey show that investors have a slightly different view, with respondents choosing Mecca and Riyadh equally as the top two target locations for investment (28% each). <According to the findings, by nationality, Indonesians (45%), Pakistanis (43%) and Turks (42%) focus on Mecca, while Riyadh is highly desired by more than half (55%) of Algerian HNWI respondents. The HNWI from India (43%). While 67% of Iranians are interested in Jeddah, the gateway to the Red Sea. The wealthy of the nine countries with large Muslim populations who participated in the survey represent Algeria, India, Indonesia, Iraq, Iran, Malaysia, Pakistan and Singapore.
It is noteworthy that the wealthy of the nine countries with large Muslim populations who participated in the survey represent the countries of Algeria, India, Indonesia, Iraq, Iran, Malaysia, Pakistan and Singapore.
