The Capital Market Authority (CMA) revealed in its latest statistical bulletin that the total ”asset values of public and private funds real estate investment" with a growth rate of 33% by the end of the fourth quarter of 2023, an increase equivalent to 40.9 billion riyals to reach 164.5 billion riyals compared to 123.7 billion riyals at the end of the similar quarter of 2022.
The CMA attributed the growth of real estate investment funds“ assets to the increase in the number of public and private real estate funds, which reached 408 funds by the end of Q4 2023 compared to 254 funds by the end of Q4 2022, a growth of 60.6%, equivalent to 154 new funds.
The CMA's bulletin also showed an increase of 40.9 billion riyals to reach 164.5 billion riyals compared to 123.7 billion riyals at the end of the same quarter of 2022.
The CMA prospectus also showed an increase in the number of subscribers in Q4 2023 by 213% with an increase in the number of subscribers to 4296 to reach 63143 subscribers compared to 20181 subscribers in Q4 2022.
The CMA prospectus also showed an increase in the number of subscribers to these funds to reach 63143 subscribers compared to 20181 subscribers in Q4 2022.
Real Estate Fund Assets Rise
The asset values of real estate investment funds increased by 34% by the end of the fourth quarter of 2023, compared to the same period in 2022, to reach 164.2 billion riyals, representing 38% of the total asset values of private funds of 435.6 billion riyals, compared to 122.98 billion riyals, an increase of 41.3 billion riyals, representing 35% of the total asset values of private funds of 352.1 billion riyals.
The number of "real estate investment funds" increased by 34% at the end of the fourth quarter of 2023, compared to the same period in 2022. <While the number of "real estate funds, the number of private real estate funds reached 404 funds at the end of the fourth quarter of 2023, representing 41% of the total number of private funds of 994 funds, compared to 249 funds for the same period, an increase of 155 funds, a growth of 62%, representing 36% of the total number of private funds of 686 funds in the fourth quarter of 2022.
Real estate funds also increased by 155 funds, a growth of 62%, representing 36% of the total number of private funds of 686 funds in the fourth quarter of 2022. The number of subscribers to "Private Real Estate Funds" also increased to 61128 subscribers, representing 66% of the total number of private fund subscribers of 92410, compared to 17631 funds, a year-on-year growth of 247% and an increase of 43497 funds during the period, representing 72% of the total number of private fund subscribers of 24326 in the fourth quarter of 2022.
The number of subscribers to "Private Real Estate Funds" also increased to 61128 subscribers, representing 36% of the total number of private fund subscribers of 24326 in the fourth quarter of 2022.
