The total value of real estate transactions during the month of Sha'ban and since the start of the summer vacation three weeks ago reached 31.1 billion riyals across four major regions: Riyadh, Makkah, the Eastern Province, and Madinah. Transactions in these four regions during the month of Sha’ban totaled approximately 18,971, including both residential and commercial deals.
Real Estate Index – Riyadh
The Riyadh Real Estate Index recorded approximately 8,347 residential and commercial transactions since the start of the holiday, with a total value of 12.5 billion riyals across an area of 40.7 million square meters. with the commercial real estate index recording 1,036 transactions worth approximately 5.5 billion riyals across an area of 21.6 million square meters, and the residential real estate index recording a total value of approximately 7 billion riyals for 7.311 transactions covering a total area of 19 million square meters. It is noteworthy that the commercial area exceeds the residential area, even though the value of residential real estate is more than double that of commercial real estate.
Real Estate Index – Makkah
Activity was evident in the Makkah region, where the General Real Estate Index recorded 4,378 transactions with a total value of 10.6 billion riyals covering an area of 9.7 million square meters, with the commercial real estate index recording 508 transactions worth 3.3 billion riyals across an area of 1.3 million square meters, while the Residential Real Estate Index recorded a total value of 7.3 billion riyals for 3,870 transactions covering a total area of 8.4 million square meters.
Real Estate Index – Eastern Province
In the Eastern Province, the index recorded a transaction value of 6.1 billion riyals for 4,758 transactions covering a total area of 13.5 million square meters, of which the commercial real estate index recorded a total value of 2.3 billion riyals for 685 transactions covering a total area of 6 million square meters, while the residential real estate index recorded a total value of 3.8 billion riyals for 3,328 transactions covering an area of 7.5 million square meters.
Real Estate Index – Madinah
In Madinah, the index recorded a transaction value of 2 billion riyals for 1,488 transactions covering a total area of 3.2 million square meters. Of these, the Commercial Real Estate Index recorded a total value of 325 million riyals for 197 transactions covering a total area of 313,000 square meters, while the residential real estate index recorded a total value of 1.6 billion riyals for 1,287 transactions covering an area of 2.8 million square meters.
