The results of the real estate index issued by the Ministry of Justice showed a decrease in the values of real estate transactions for the month of Jumada II compared to the same month of last year as well as compared to the month of Jumada I 1437H.
The total value of transactions reached 21 billion riyals, down by 12.5% compared to the same month last year, with the residential sector accounting for 12.6 billion riyals and the commercial sector for 8.4 billion riyals.
and down by 14.5% compared to Jumada I 1437H, when the trading volume reached 24.6 billion riyals: 18.0pt; font-family: "Arial","sans-serif"; color: #333333;">.
Mecca and Riyadh first
The Makkah region topped the regions in terms of executed transactions values, reaching 7.5 billion riyals, followed by the Riyadh region with a value of 7.2 billion riyals, the Eastern region came third with a value of 3.3 billion riyals: 18.0pt; font-family: "Arial","sans-serif"; color: #333333;'>.
Trading on land plots won the largest share of the value of transactions with a total of 18.7 billion riyals, residential land 10.9 billion riyals and commercial 7.9 billion riyals: 18.0pt; font-family: "Arial','sans-serif'; color: #333333;'>.
According to the Ministry of Justice's index, the following:
-Residential villas achieved an amount of more than 200 million riyals, led by the Riyadh region with 123 million riyals, then Mecca with 70 million riyals: 18.0pt; font-family: 'Arial','sans-serif'; color: #333333;">.
- Residential apartments have achieved an amount of 721 million riyals in all regions of the Kingdom, Makkah led the volume of trading with 362 million riyals, followed by the Eastern Province with 112 million riyals, then Riyadh with 113 million riyals: 18.0pt; font-family: "Arial","sans-serif"; color: #333333;">.
Average prices
First, villas:The average price of residential villas in Riyadh and Makkah reached SAR 1.3 million, Medina SAR 1.1 million, and Qassim SAR 580 thousand.
Secondary apartments:The average price in Makkah reached 600 thousand SAR, Riyadh 470 thousand SAR, Eastern Province 630 thousand SAR, Medina 580 thousand SAR, Qassim 380 thousand SAR.
The average price of a residential plot of land in the Riyadh region was 800 thousand riyals and commercial 4.5 million riyals, and in the Makkah region 1.8 million riyals for residential and 11 million riyals for commercial. In the Eastern Province, 900 thousand for the residential plot and 2 million for the commercial plot.
