Independent Project Monitoring is a key service for funders to effectively manage their security and risk in the development process. Knight Frank’s qualified and experienced team of surveyors will ensure Clients are fully informed on status and progress at all stages of the development process.
Knight Frank’s experienced team of Valuation and Quantity Surveyors provide an independent Project Management Service for Client’s including funding institutions, banks and investors to effectively manage their security in the development process.
Reporting options include Initial Audit Reports, Progress Reports and Practical Completion Reports and comply with Royal Institution of Chartered Surveyors best practices.
Monitoring scope is tailored to each individual Project and the Clients’ needs with options including:
While most hospitality markets in the GCC are driven by traditional demand supply mechanics, Makkah – for which religious visitation makes up the majority of demand – works slightly differently, with government quotas and capacity constraints determining tourist flows. In terms of Hajj visitation, a variety of factors have affected tourist numbers between 2013 and 2016, but the past two years have been far more positive. During this period, Hajj visitation exceeded the 2.3 million mark in consecutive years for the first time since 2012.
Looking at the real estate market performance in 2018, the general trend for Saudi Arabia is that most sectors have remained subdued as highlighted by lower activity levels, while occupancy levels have been under pressure across most asset classes leading to a gradual softening of rents.
The Knight Frank office market review provides an overview of the most recent developments in the sector, in addition to insights on the outlook, with a focus on the key markets of Riyadh, Jeddah and Eastern Province.