Data released by the Ministry of Justice showed that the value of real estate transactions that took place during the month of Rajab 1439H amounted to 11.56 billion riyals, a decrease of 34% compared to the same period last year.

Data released by the Ministry of Justice showed that the value of real estate transactions during the month of Rajab 1439H amounted to 11.56 billion riyals. Compared to the month of Jumada II 1439H, real estate transactions recorded a decrease of 4 % equivalent to 500 million riyals.

The value of real estate transactions recorded during the month of Rajab 1439H amounted to 11.56 billion riyals, a decrease of 34% compared to the same period last year. <The value of real estate transactions recorded a decrease of 3% since the beginning of 1439H, equivalent to 4.4 billion riyals, compared to the same period in 1438H, to reach 126.3 billion riyals. The decrease in real estate transactions during the month of Rajab 1439H is due to the decrease in residential transactions by 24% compared to the same period last year, to reach about 9.3 billion riyals. In addition, the value of commercial transactions decreased by 58% to reach about 2.3 billion riyals. The real estate transactions that took place on plots of land (residential and commercial) acquired the largest share during the month of Rajab of the year 1439 AH, amounting to 10 billion riyals and a percentage of about 87% of the total value, followed by apartment deals worth 778TP3T.As for the most active cities in terms of the value of residential real estate transactions during the month of Rajab, Riyadh was the highest with deals worth 3.29 billion riyals, a decrease of 17% compared to the same month last year, followed by Jeddah with 1.24 billion riyals, a decrease of 25%.