UK-based developer and investment collaborator Select Property said it will be taking part in this year's Cityscape Global event which kicks off on September 10 in Riyadh and runs for the next three days. 

 

Cityscape Global, which is expecting over 180,000 international and local visitors this year, aims to bring global real-estate developers, investors, and industry stakeholders together to not only showcase projects but also to explore investment opportunities and discuss industry trends. 

 

On its debut participation at the event, Select Property said it is particularly enthusiastic about its inaugural show in this location "due to the promising influx of Saudi investors."

 

Since 2004, the UK group has achieved remarkable success by selling over 15,000 properties worldwide, generating an impressive rental revenue of SAR13.3 billion ($3.5 billion), and fostering a vibrant global investor community consisting of over 100,000 individuals. 

 

Select Property said it is looking forward to creating opportunities for citizens and residents of the Kingdom of Saudi Arabia (KSA). It aims to facilitate collaboration and investment in the thriving UK market, inviting people to become a part of this dynamic landscape.

 

The group is positioned to introduce an innovative perspective on Saudi property investments within the UK during the event, to emphasise the comprehensive strategies they offer to cultivate an investment-friendly environment.

 

Investing in UK property represents a compelling diversification opportunity for Saudi investors - a proposition underscored by the consistent returns that the UK property market has historically delivered. 

Between June 2022 to June 2023, the average UK house value grew at an annual growth rate of 1.7%, demonstrating its resilience and attractiveness to investors. 

 

CEO Adam Price said: "In recent years, Saudi investors are displaying growing eagerness with the highly profitable and reliable real estate sector in the UK. In light of the burgeoning Saudi-UK trade partnership it’s safe to say that there is a profound and positive trickle-down effect of collaborative efforts, with the real estate sector serving as just the beginning of what promises to be a robust and multifaceted relationship spanning various industries in the forthcoming years."

 

"I am therefore thrilled to announce our inaugural presence at Cityscape as we prepare to participate at the dynamic event and be a part of this evolving partnership," he stated. 

 

"This anticipated occasion provides us with a platform to showcase the diverse array of opportunities and investments that the UK has to offer to our valued Saudi investors. It is a testament to our commitment to nurturing this relationship, fostering growth, and facilitating mutually beneficial collaborations between our two nations," he added.