Riyadh- Mohammed Jamous: The value of real estate transactions during the second week of January reached 3.4 billion riyals, an increase of 14.8%, due to the implementation of the sale of a commercial property in Riyadh city in King Abdullah neighborhood, with a total value of 420 million riyals.

Residential Sector Deals Decline

The value of Residential sector deals settled at 1.6 billion riyals, a decline of 14.9%. Equivalent to 47.8% of the total weekly transaction value of the real estate market.”

Growth of commercial sector deals

The King Abdullah neighborhood deal in Riyadh contributed to the rise in the value of commercial sector deals last week to 2.1 billion riyals, up by 98.6%.

The agricultural and industrial sectors escalated

The total value of transactions of the agricultural and industrial sectors recorded its first weekly rise after three consecutive weeks of decline, and managed to grow during the past week by 13 %, and the total value of transactions of the agricultural and industrial sectors stabilized by the end of the week at 414 million riyals "12.3 % of the total value of weekly transactions of the real estate market".

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Index of real estate transactions during a week

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Residential Sector Index

Trade value: 1.6 riyals.

Decline: 14.9%.

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Commercial Sector Index

Trade value: 1.8 riyals.

Up 98.6%.

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Industrial and Agricultural Index

Trade value: 414 million riyals.

Up 13%.

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Executed real estate deals

Number of deals: 3.4K transactions.

Rise: 6.6 %.

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Number of properties

Number of properties: 3.5K properties.

Height: 7.65 %.

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