The Saudi real estate market witnessed during the past week, coinciding with the Eid al-Fitr celebrations, the implementation of 1081 real estate transactions whose total value exceeded 683 million riyals, with an average selling price of 180 riyals per square meter, according to data Real Estate Exchange.
Real Estate Exchange
Real Estate Exchange.
Jeddah tops in terms of value
Jeddah topped Saudi cities in terms of the total value of real estate deals, after recording 123 deals worth SAR 216 million, with an average price of SAR 388.2 per square meter.
Jeddah topped Saudi cities in terms of total value of real estate transactions.
Riyadh leads in terms of number of deals Riyadh leads in terms of the number of deals.
Mecca, Medina and Eastern Abha also recorded remarkable activity, executing 22 real estate deals with a total value of SAR 14 million, at an average price of SAR 1880.1 per square meter.
The most traded neighborhoods West Dammam came fifth.
In contrast, Riyadh came first in terms of the number of deals, with 88 real estate deals worth 115 million riyals, with an average price of 293.3 riyals per square meter.
Mecca recorded 38 deals worth about 29 million riyals, with an average price of 235.2 riyals per square meter.
Madinah witnessed the implementation of 62 deals worth 31 million riyals, with an average price of 1543.1 riyals per square meter.
The Eastern Province - Dammam recorded 37 deals worth SAR 42 million, at an average price of SAR 1089.1 per square meter.
Abha also recorded remarkable activity, executing 22 real estate deals with a total value of SAR 14 million, at an average price of SAR 1880.1 per square meter.
At the neighborhood level, Al Shula in Dammam topped the list with 14 transactions, followed by Granada in Arar with 11 transactions, Al Marwa in Jeddah with 10 transactions, Al Rayyan in Jeddah also with 10 transactions, while West Dammam came fifth.
