Saudi Arabian home prices tumbled by nearly 10 % from a year ago in the first quarter because of pressure on the economy from low oil prices and government austerity measures, official data showed on Thursday.
Saudi Arabia's King Abdullah Economic City (KAEC) is one of the most ambitious construction projects in the world.
The plan is to create a city of two million people and one of the world's biggest deep water ports.
It is hoped the $100bn (£68bn, 89bn euros) city will be a magnet for global business and tourism to rival Dubai, but as the plunge in oil prices continues to spook global financial markets, could these plans now be shrouded in uncertainty?
Annual office take up in key Saudi Arabian cities is continuing to rise but higher demand is offset by new office completions, according to the latest report into the country’s commercial property market.
In Riyadh and Jeddah in the 12 months to June 2015 this resulted in vacancy rates remaining broadly stable over the same period and rents were also unchanged in the two cities.
For the first time, foreigners can now buy and sell shares in listed companies on the Saudi Arabian stock exchange.
It's the last of the grouping of the world's largest economies, the G20, to open up its market to foreigners. Until now, they were only able to indirectly buy shares and would only get the economic benefits.
Industry experts say Monday's move, that allows foreigners voting rights, could be transformative for the region as Saudi companies will be able to profit from the scrutiny and strategy of sophisticated international partners and overseas investment will help push forward the country's economic reforms.
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