Rental index achieves 189,000 rental transactions in October

Rental contracts

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The Rental Index report for last October revealed that the number of deals concluded in the electronic network for rental services “Ejar” reached 189 thousand rental deals in 16 cities covered by the index, covering all regions of the Kingdom, and the report indicated that the number of residential rental contracts reached more than 145 thousand contracts, while commercial rental contracts exceeded 43 thousand contracts.

The report showed that the number of residential rental contracts reached more than 145 thousand contracts, while commercial rental contracts exceeded 43 thousand contracts.

Neighborhoods where the residential rental index rose

Riyadh: Dhahrat Laban, Al-Warud, and Tuwaiq.

Riyadh.

Jeddah: Safa, Mushrifa, and Al Bawadi.

Mecca: Al Naseem, Wali Al Ahed, and Al Rashidiya.

<Medina: Al Zahra, Defense, and Airport.

<Dammam: Taiba, Al Noor, and King Fahd Suburb.

Neighborhoods where the commercial rental index increased

.

Riyadh: Al Khaleej, Al Sulay, and Al Alia.

Riyadh.

Jeddah: Balad, Safa, and Aziziyah.

<Medina: Dam, Defense, and Qurban.

<Mecca: Crown Prince, Al Awali, and Al Hajla

<Dammam: Al Adama, Al Anoud, and Al Faisaliah.

City Rankings

Riyadh topped the ninth rental index report as the most documented city with more than 67 thousand residential and commercial contracts, representing more than 35% of the total transactions, followed by Jeddah, which approached 40 thousand residential and commercial contracts, then Mecca with more than 14 thousand contracts, then Medina, with more than 13 thousand contracts, Dammam with more than 10 thousand contracts, while the rest of the cities recorded about 44 thousand residential and commercial transactions.

Riyadh topped the ninth rental index report as the most documented city with more than 67 thousand residential and commercial contracts, representing more than 35% of the total transactions.