The total value of real estate deals increased during the first half of 2022 to 122.8 billion riyals, an increase of 12% compared to the same period last year, in which the value of real estate transactions amounted to about 109.7 billion riyals.

Stunning growth of the commercial sector 42.3%

According to the data, the sales of the commercial sector jumped at a record rate of 42.3%; with the implementation of large commercial real estate deals throughout the first half of the year in the cities of Riyadh and Jeddah in particular, the value of the sector's deals jumped to 40.7 billion riyals.

Riyadh and Jeddah in particular.

Residential deals rise slightly 2.4%

As for the residential sector, the annual growth rate of its transaction value during the period did not exceed 2.4%, and stabilized at the end of the first half of this year at the level of 72.8 billion riyals.

9.4 billion riyals in the agricultural and industrial sectors

While the total value of transactions of the agricultural and industrial sectors for the same period recorded an annualized rate of 6.2%, and the total value of their transactions decreased to 9.4 billion riyals.

The total value of their transactions decreased to 9.4 billion riyals.

133.8 thousand real estate transactions

The number of real estate transactions during the period recorded an annual decrease of 20.9%, settling at 133.8 thousand real estate transactions by the end of the period, affected by # the largest decline in the number of transactions in the residential sector, which decreased by 23.4%.