Experts have raised a warning against the lack of low-cost accommodation in Saudi Arabia. According to real estate experts, this shortage in the affordable property will reflect in the agenda of the Mortgage Law, which Saudi Arabia is planning to implement soon.

“Most new developments are targeting the high-income segments of the population which constitute a relatively small share of existing demand,” said Rakesh Kunhiraman, who is the director at the consulting division of Oxford Business Group (OBG).