The real estate index decreased during the month of Jumada Al-Thani ... Riyadh first, Jeddah second and Makkah third

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Makkah ranked third in terms of real estate activity in the month of Jumada Al-Akhira, as Riyadh leads the list as the most active Saudi real estate cities in terms of the number of deals, whether residential or commercial, with 5244 deals, then Jeddah province in second place with a total of 2304 deals.

The total value of transactions in Makkah in Jumada al-Khater reached about 2.8 billion riyals, of which residential 2.5 billion and commercial 350 million riyals, a decrease of 53% from the month of Jumada I: 14.5pt; font-family: 'Arial','sans-serif"; color: #333333;">.

A report issued by the Information Center at the Makkah Chamber of Commerce and Industry in Makkah to read the real estate indicators in the city of Makkah for the month of Jumada II of this year showed a decrease in the total value of residential and commercial real estate transactions, compared to the month of Jumada I: 14.5pt; font-family: "Arial",'sans-serif'; color: #333333;'>.

The number of deals decreased by 27%.

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According to the report, and comparing the financial liquidity between the month of Jumada Al-Thani and the first Friday of this year, the decline reached 51%, but at the same time it is noted that Mecca is always characterized by large deals, which will add to the path of the general real estate index, in Jumada Al-Thani, a deal was made in the Maabdeh neighborhood in Mecca worth 300 million riyals, and another in Jaroul neighborhood worth 115 million riyals.