<Ministry of Justice data revealed that The value of real estate transactions residential for May 2023 decreased by 32.4% compared to the same period last year, reaching 3.1 billion riyals, while commercial transactions decreased by 8.7% to record 6.2 billion riyals, while the real estate index of the value of real estate transactions in May increased by 25.6% from last April

<Compared to last April of this year, Real Estate Transactions Index Residential real estate transactions rose by 19.2%, as residential real estate transactions in April amounted to 2.6 billion riyals for the residential sector, while commercial transactions rose by 29% with 4.8 billion riyals in the same month.

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The real estate index of the value of real estate transactions for the months of April-May 2023

Residential

April: 2.6 billion

May: 3.1 billion riyals

Rise: 19.2%

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Commercial Sector

April: 4.8 billion

May: 6.2 billion riyals

Rise: 29%

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Number of deals in the three major cities

2023

Number: 3500 deals

Value: 9.3 billion riyals

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2022

Number: 5284 deals

Value: 11.5 billion riyals.

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Decline: 19%.