In its recent report, “Jeddah Real Estate Market Overview”, JLL stated that the recently announced white land tax rules are expected to drive further residential development in Jeddah over the next two years, resulting in lower land costs and the cost of housing for the market. Earlier this year, Abdul Latif Jameel Property has announced the development of its first residential complex in Saudi Arabia, the J One Complex, as part of Abdul Latif Jameel’s planned SAR 7.5 billion investment in Saudi Arabia over the next five years.
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