The value of real estate transactions in the Kingdom (12 cities) during the period from (8-9-1435) to (12-9-1435) rose by 30 % to reach 7.6 billion riyals. This increase was driven by the commercial sector, which rose by 78% and accounted for 57% of total real estate liquidity. Despite the increase, last week’s transaction value was below this year’s average. Other real estate indices also recorded an increase of 85% in traded area, reaching approximately 14 million square meters. The number of real estate transactions rose by 10% to 3,474 transactions. Looking at the weekly change in real estate liquidity by city, eight cities recorded increases, led by Madinah with a rise of 199 %, reaching 1.3 billion riyals for the first time, while Dammam saw the sharpest decline at 49%. The commercial sector accounted for 1,641 TP3T of the total transaction value in Riyadh, where real estate transactions reached 2.47 billion riyals, up 361 TP3T from the week before last. This increase was driven by the commercial sector, which accounted for 64% of the total volume. The largest real estate transaction in Riyadh was worth 233 million riyals, while the volume of space traded and the number of real estate transactions rose by 403% and 11%, respectively. 956 million riyals in real estate liquidity in Makkah Real estate liquidity in Makkah rose by 9% last week, reaching 956 million riyals, with the residential sector accounting for 66% of that amount. Last week’s trading volume was significantly lower than this year’s average. The volume of space traded also rose by 62 %, and the number of real estate transactions increased by 36%. Medina’s Real Estate Liquidity Hits Record High Real estate liquidity in Medina hit a record high in last week’s trading, reaching 1.3 billion riyals—the highest figure in the city’s trading history. This increase was driven by the commercial sector, which accounted for 74% of the liquidity. The largest real estate transaction was worth 540 million riyals. The number of real estate transactions rose by 10%, while the volume of traded space decreased by 36%. Real Estate Liquidity Rises in Jeddah for the Second Week Real estate liquidity in Jeddah continued to rise for the second week, reaching 1.9 billion riyals—a 29% increase from the comparable week. The commercial sector accounted for 54% of liquidity, while other real estate indicators also rose by 34 % in terms of traded area and 11% in terms of the number of real estate transactions. 12% Decline in Real Estate Turnover in Al-Khobar Real estate turnover in Al-Khobar fell last week by 12% to 148 million riyals, with the residential sector accounting for 62% of that total, while other indicators rose by 44% in terms of traded area and 52% in terms of the number of real estate transactions. Sharp Decline in Real Estate Indicators in Dammam All real estate indicators in the city of Dammam recorded a sharp decline last week; real estate liquidity fell by 49% to 380 million riyals, with the residential sector accounting for 56% of that total. Similarly, the volume of traded space decreased by 83%, and the number of real estate transactions fell by 12%. Jubail’s Real Estate Turnover Falls 40% for the Second Week Real estate turnover in the city of Jubail continued to decline, falling by 40 % last week to reach 25 million riyals. This decline was driven by the commercial sector, which fell by 53%. Meanwhile, the volume of traded space increased by 189 %, and the number of transactions remained unchanged. All Indicators Rise in Al-Ahsa All real estate indicators in the city of Al-Ahsa rose last week; real estate liquidity increased by 36% to reach 98 million riyals, with the residential sector accounting for 84% of that total. The volume of traded area also rose significantly by 4078%, and the number of real estate transactions increased by 12 %. Hafar Al-Batin Liquidity Down 28% for the Second Week The value of real estate transactions in the city of Hafar Al-Batin fell by 28% to 22 million riyals, with the residential sector accounting for 58% of that amount. Meanwhile, other real estate indicators showed an increase of 90% in the volume of traded area and 20% in the number of real estate transactions. 4% Increase in Yanbu Liquidity Real estate liquidity in Yanbu rose last week by 4% to reach 51 million riyals, with the residential sector accounting for 74% of that total, while the volume of traded area and the number of real estate transactions decreased by 18% and 2%, respectively. All Indicators Rise in Buraidah All real estate indicators in the city of Buraidah recorded positive performance last week; real estate liquidity rose by 60% to reach 158 million riyals, with the residential sector accounting for 60% of that amount, while the volume of traded space rose by 109% and the number of real estate transactions increased by 25%. 10% Increase in Liquidity in Jizan The value of real estate transactions in the city of Jizan rose to 34.8 million riyals, an increase of 10% from the week before last, with the residential sector accounting for 56% of the liquidity, while other real estate indicators recorded a decline of 40% in traded area and 36% in the number of real estate transactions.
** ** ** Disclaimer: This report is for informational purposes only and does not constitute any advice or recommendation. We have carefully and diligently collected the data for this report from its sources and then linked this data together using a clear calculation process.