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Developer collaborations with luxury brands are creating high-end properties offering premium services in the Middle East. In Saudi Arabia, luxury housing is on the rise, driven by a growing affluent population and expatriates who prefer secure, gated communities with amenities tailored to upscale tastes. Market analysts predict the Saudi residential real estate market could be valued at approximately USD 1.64 trillion, partly fueled by ongoing mega projects and progressive social reforms. Additionally, virtual property tours, AI-driven analytics, and blockchain technology for secure transactions are becoming commonplace. Legislative efforts to open the real estate market to foreign buyers have increased demand for properties in specific freehold areas.
Streamlined foreign ownership rules and enhanced regulations have attracted more international investors to Abu Dhabi and Dubai, making them more appealing destinations for those seeking returns from luxury and mid-market residential developments.
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