The «Amlak Real Estate» newspaper reported notable activity in the Saudi real estate market this week, led by a surge in the number of real estate transactions by 18% over the past week, with 3,541 transactions totaling 2.1 billion riyals, amid clear disparities in transaction volumes across cities.
In the the construction sector, residential activity continued to grow for the third consecutive month in July, supported by an increase in new projects and strong infrastructure activity, despite the overall index falling to 55.2 points.
The briefing also covers the most notable regulatory developments, highlighting the differences between previous and updated qualification requirements for real estate brokerage, including training programs, training duration, exams, and fees.
In terms of construction costs, material prices showed mixed trends in July, with cement and rebar prices falling, while prices for sand, concrete blocks, wire, and electrical cables rose.
The coverage of «Amlak» to include updates to real estate data, as the Al-Ahsa Municipality has updated information on 2,987 plots of land on the Geographic Explorer since the beginning of the year, in addition to tracking investment opportunities and real estate auctions—including 15 real estate opportunities at the «Naseem Makkah.»
In this issue, we also track developments in the «REIT» sector and the shifts in the real estate investment market they reflect, to provide readers with a comprehensive picture of the key indicators of activity, legislation, prices, and opportunities driving the market this week. Here are the top headlines and their links:
