Is Saudi Arabia the next new Dubai?
As we go into 2025...
Have you ever thought about Saudi Arabia? If not, you are now!
Is it going to be the next new Dubai - Time will tell.
We have Trump Tower built and many other hard assets increasing within Saudi and investors seem to extending further. The growth of Saudi not only commodities advantage they hold, but the other relation matters.
That's the fact jack - Residential real estate prices and rents continue to soar in Saudi Arabia. The cities of Riyadh and Jeddah saw year-on-year sales prices jump by 10% and 5%, respectively, in the first half of 2024, according to property consultancy company JLL's KSA Market Dynamics Report H1 2024.
I'd personally be a dip buyer if we break out of this wedge and decline further for a medium term. If we are to break higher out of wedge there's great target areas.
I could go on further to discuss macroeconomic factors, see further on my Substack about 2025 outlook - Saudi Arabia, other EM countries and much more!
All the best for 2025 - Let's make it rain!
Trade Journal | Empowering Your Trading Journey
Have you ever thought about Saudi Arabia? If not, you are now!
Is it going to be the next new Dubai - Time will tell.
We have Trump Tower built and many other hard assets increasing within Saudi and investors seem to extending further. The growth of Saudi not only commodities advantage they hold, but the other relation matters.
That's the fact jack - Residential real estate prices and rents continue to soar in Saudi Arabia. The cities of Riyadh and Jeddah saw year-on-year sales prices jump by 10% and 5%, respectively, in the first half of 2024, according to property consultancy company JLL's KSA Market Dynamics Report H1 2024.
I'd personally be a dip buyer if we break out of this wedge and decline further for a medium term. If we are to break higher out of wedge there's great target areas.
I could go on further to discuss macroeconomic factors, see further on my Substack about 2025 outlook - Saudi Arabia, other EM countries and much more!
All the best for 2025 - Let's make it rain!
Trade Journal | Empowering Your Trading Journey
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.