Press room
Destination Saudi - Branded Residences in Focus with Knight Frank
In the lead up to the Future Hospitality Summit (FHS) Saudi Arabia taking place at the Mandarin Oriental Al Faisaliah in Riyadh next week, Knight Frank, the global real estate consultancy and knowledge partner of FHS Saudi Arabia, has released a study about the surging demand for branded residences in the Kingdom.
The report titled “Destination Saudi, branded residences in focus,” discusses the strong momentum branded residences are gaining in Saudi Arabia’s real estate sector, with 68 percent of expat buyers surveyed saying they are likely to purchase a branded residence in the Kingdom. Millennials are leading this demand, and hotel-branded residences are their top choice—especially among high earners with household incomes above SAR 40,000 per month.
Key highlights from the report include:
As Saudi Arabia continues its urban and hospitality transformation, this emerging asset class offers strong potential for investors and developers looking to meet evolving lifestyle expectations and has a dedicated track at FHS Saudi Arabia with sessions about market trends, legal frameworks, investor strategies and global buyer behaviour.
The full report can be downloaded here: https://www.futurehospitality.com/sa/content-library/destination-saudi-branded-residences-in-focus-with-knight-frank