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The luxury real estate market of Saudi Arabia is growing rapidly, and there's no telling how high it will go
In a time where property prices are going through the roof in places like Dubai, Abu Dhabi, and Singapore, there's a new home market in play that's also on the rise and is gaining more interest from overseas buyers. That market is the luxury real estate market of Saudi Arabia
Saudi Arabia has long been known for its oil wealth as well as its desert beauty. But with a booming population and an economy that's growing at an average of 8% per year (which is twice the rate of many countries), things have changed significantly in recent years
Not only are tourists flocking to Saudi Arabia to see the sites of Mecca and Medina (the holiest cities in Islam) but they're also flocking there for property investment opportunities. And they're buying into higher-end housing developments that are being built all over the kingdom.
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