Real estate transactions continued to decline at the level of the Kingdom, as the value of real estate transactions during the month of Jumada I 1438 AH decreased to 16.7 billion riyals, a decrease of 33% compared to the same month last year, and thus the value of real estate transactions since the beginning of the year 1438 AH decreased by 34% to 93.4 billion riyals compared to about 140.8 billion riyals made during the same period last year.

Real estate transactions since the beginning of the year 1438 AH decreased by 34% to 93.4 billion riyals compared to 140.8 billion riyals made during the same period last year. According to the Ministry of Justice's monthly indicators, real estate transactions were distributed between residential and commercial:

Residential deals

The value of residential transactions during the month of Jumada I 1438 AH amounted to about 11.1 billion riyals, a decrease of 24% compared to the same period of the previous year.

The value of residential transactions during the month of Jumada I 1438 AH amounted to about 11.1 billion riyals.

Commercial deals

Commercial transactions amounted to about 5.6 billion riyals during the month of Jumada I of 1438 AH, recording a decrease of 45% compared to the same period last year.

Commercial transactions.

Land deals

Real estate deals on land plots (residential and commercial) took the largest share during the month of Jumada I of 1438 AH, amounting to 14.7 billion riyals and a percentage of about 88% of the total value, followed by apartment deals worth 1.03 billion riyals.

Real estate deals on land plots (residential and commercial) took the largest share of the total value.

Riyadh has the highest activity in residential

As for the most active cities in terms of the value of residential real estate transactions during the month of Jumada I, Riyadh was the highest with deals worth 3.2 billion riyals, a decrease of 26% compared to the same month last year, followed by the Jeddah region with about 2.1 billion riyals, a decrease of 19%.

Riyadh was the most active city in terms of the value of residential real estate transactions during the month of Jumada I.

Jeddah has the highest activity in commercial

In terms of commercial transactions, Jeddah was the most active city, where the value of transactions that took place during the month of Jumada I amounted to about 2.2 billion riyals, a decrease of 58% compared to the same month last year.

Jeddah.