Jeddah apartment rents have bucked the real estate recession and falling sale prices and recorded a remarkable rise.

Apartment rents in Jeddah have bucked .

A number of real estate investors have attributed the continued high annual rental prices for apartments and small units in the city of Jeddah, with the price of renting a room in some neighborhoods reaching 10,000 riyals, in defiance of the decline in sales prices and the stagnation of the number of supply, to a number of reasons, primarily the influence of workers in the rental sector In addition to the high percentage of segments that prefer to live in these types of apartments and units, whether citizens or residents in Jeddah, in light of the postponement of many of those wishing to buy until the clarity of vision in the sector, which most investors expect a corrective process to occur soon due to the changes that have occurred in the market.

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A field survey revealed that the price of renting a room in the central and preferred neighborhoods of Jeddah, such as Al Faihaa, Al Naseem, Sulaymaniyah, Al Roud, and its neighboring neighborhoods of Bani Malik, Sharafiyah, Al Baghdadiyah and Al Thaghar, as well as the northern neighborhoods such as Al Naim, Al Nahda, Al Aziziyah, Mushrifa and Al Rahab reached 10 thousand SAR to rent a four room apartment between 30 and 40 thousand SAR.