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Jeddah Jeddah

Increasing Tourism in Jeddah

Efforts of introducing measures to increase tourism, pilgrimage, investment and local entertainment options have continued in Jeddah, according to JLL's Real Estate Market Overview.

These initiatives have boded well with Jeddah's real estate market and sentiment across some real estate sectors has been boosted, according to JLL's third quarter (Q3) marketplace report. Jeddah's retail sector witnessed improved sentiment shown by an increase in construction activity following a subdued period.

The hotel sector continues to remain competitive with two completions coming into the market over the course of Q3, and further completions to be expected by the end of the year.