real estate transactions in the Kingdom during the past week achieved a remarkable growth in total value, an increase of more than 1.5 billion riyals compared to the previous week, along with an increase in the average selling price by 47%, an indicator that reflects an escalating activity in the real estate market.<According to data The Real Estate Exchange, about 4,418 real estate transactions were carried out during the past week, with a total value of more than 4.8 billion riyals, with an average price of 150 riyals per meter. This compares to the previous week, which witnessed the implementation of 4,420 transactions worth nearly 3.3 billion riyals, with an average price of 102 riyals per meter.

Riyadh and Jeddah lead the real estate scene
At the level of cities, Riyadh recorded 403 deals worth nearly 1.3 billion riyals, with an average price of 488 riyals per meter, compared to 367 deals in the previous week worth 479 million riyals.
In Jeddah, the number of deals reached 761 deals worth more than 1.2 billion riyals, at an average price of 2,152 riyals per meter, compared to 696 deals worth more than 1 billion riyals in the previous week.

Divergence in the performance of major cities
In Makkah, 160 deals worth more than 133 million riyals were recorded, while Medina witnessed 208 deals worth more than 173 million riyals, with an average price of 511 riyals per meter.
Dammam recorded 134 deals worth about 127 million riyals, while Abha witnessed 84 deals worth about 53 million riyals.

Dammam recorded 134 deals worth about 127 million riyals, while Abha witnessed 84 deals worth about 53 million riyals.

The most active neighborhoods in trading
At the neighborhood level, Al Safa neighborhood in Jeddah topped the list of the most traded with 73 transactions, followed by Mars with 33 transactions, then Al Salama with 31 transactions, while Namar neighborhood in Riyadh came fourth with 30 transactions, and Marwa neighborhood in Jeddah came fifth with 28 transactions, reflecting the diversity of real estate activity between different cities and neighborhoods.