Realty market in Dammam, Saudi Arabia draws $26bn investment

Realty market in Dammam, Saudi Arabia draws $26bn investment

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Dammam realty market is set for solid growth and expansion with  US$26.6 billion
Dammam realty market is set for solid growth and expansion with US$26.6 billion

The real estate market in the Eastern Province of Saudi Arabia, particularly its capital, Dammam, is set for solid growth and expansion with the investors pumping in more than US$26.6 billion into the market. The annual demand for residential accommodation is approximately 60,000 units, according to an internal report released by real estate firm Injaz Development Company.

Western Dammam has witnessed major construction activities as a natural residential expansion area, with a host of projects under construction along with recently announced development plans in this part of the city.

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