Jones Lang LaSalle real estate services in Riyadh and Jeddah
In response to increasing demand from the Saudi Arabian real estate and hotel market, Jones Lang LaSalle Middle East and North Africa now offer full range of core competencies across Saudi Arabia. Our experts cover a full range of services including research, valuations, strategic consulting, corporate finance advisory, leasing, and investment transactions. We cover the full range of asset classes including offices, residential, hotels, retail, industrial and infrastructure.
The opening of our Saudi Arabian office in 2008 marks the further expansion of the company operations in the MENA region, where Jones Lang LaSalle is the pre-eminent real estate investment advisor, having worked in 20 countries, on projects worth USD 200 billion and on transactions in excess of USD 1.2 billion. The company has advised on projects in excess of USD 100 billion in KSA in the last 2 years.
Saudi Arabia is by far the largest real estate market in the Gulf and is poised to be one of the fastest growing markets in the region over the next 3 years, with up to 30 million square meters of commercial (office, retail and hospitality space) forecast across the major cities within the Kingdom by 2012. Unlike most of the other GCC markets, the Saudi real estate market is driven primarily by internal demand generated by the rapidly growing local population.