Critical Housing Gap

On-campus housing is severely limited across all major universities in Riyadh

Market Pressures

* Student housing rental growth (YOY) +10.8%
* Student apartment rents growth +12.5%
* CPI for student rentals (2018=100) 151.920

Future Demand

* Projected need for 52,000 new student housing units annually by 2030
* Student housing transactions increased 25% in Q3 2024.