The value of real estate transactions that took place during the month of Shawwal 1438 AH decreased by 21% compared to the same period last year, amounting to 11.5 billion riyals, and data issued by the Ministry of Real Estate showed that the value of real estate transactions decreased by 29% during the first ten months of 1438 AH to reach 173.7 billion riyals compared to about 245.1 billion riyals during the same period last year.
Real estate transactions decreased by 29% during the first ten months of 1438 AH to reach 173.7 billion riyals compared to 245.1 billion riyals during the same period of last year.
Residential achieves 6.5 billion riyals
Real estate deals are distributed between residential and commercial, where the value of residential deals during the month of Shawwal 1438 AH amounted to about 6.5 billion riyals, a decrease of 29% compared to the similar period of the previous year.
The value of residential deals during the month of Shawwal 1438 AH amounted to about 6.5 billion riyals, compared to the same period of the previous year.
5 billion riyals for commercial
Land 10.4 billion riyals
Real estate transactions on land plots (residential and commercial) accounted for the largest share during the month of Shawwal 1438 AH, amounting to 10.4 billion riyals, with a value of about 90 % of the total value.
Real estate deals worth 10.4 billion riyals.
Apartment deals worth 516.5 million riyals.
Riyadh
Riyadh is the most active city
Riyadh was the most active city in terms of the value of residential real estate transactions during the month of Shawwal. In terms of commercial deals, Jeddah was the most active city, where the value of deals that took place during Shawwal amounted to about 2.5 billion riyals, up by 144% compared to the same month last year.
With regard to commercial deals, Jeddah was the most active city.
