“Rental Index” recorded more than 340,000 rental transactions during the month of August, according to reports and data released by the online rental services network “Ejar” in integration with the Sakani platform; The index covers more than 160 cities and provinces, encompassing most of the Kingdom’s cities and regions, marking the highest number of rental transactions recorded by the index in a single month.

The Rental Index report for last August showed a 25.8% increase in residential transactions compared to last July, with the number of residential transactions in August exceeding 275,000, and a 15% increase in the number of commercial rental transactions, reaching 65,000 rental transactions.

The index also recorded more than 71,000 in Riyadh residential and commercial lease transactions, continuing to top the index’s monthly report as the city with the highest number of lease transactions, with a total value exceeding 1.1 billion riyals, followed by Jeddah, which recorded over 40,900 residential and commercial transactions, then Makkah with 16,700 residential and commercial transactions, followed by Madinah, which recorded more than 15,800 transactions, and then Dammam, where transactions exceeded 14,600.

The Rental Index aims to promote transparency and stimulate investment in the Kingdom’s rental real estate sector, by establishing specific rental indices for cities, neighborhoods, and various types of residential and commercial properties. This allows users to identify price ranges for residential units, search for neighborhoods with residential units within a price range specified by the user, review the number of rental transactions and residential and commercial units in a specific neighborhood during a specified period, and view average rental values, and illustrate the price range of residential transactions and visualize it through a graph, as part of joint efforts to improve market efficiency in line with the objectives of the Housing Program—one of the programs under Saudi Vision 2030.

Rental Index Infographic

25.8% increase in residential transactions.

275,000 residential transactions.

15% increase in commercial transactions.

65,000 commercial transactions.

71,000 residential and commercial transactions in Riyadh.

1 billion riyals in transaction volume in Riyadh.

40.9 thousand transactions in Jeddah.

16.7 thousand transactions in Makkah.

15.8 thousand transactions in Madinah.

14.6 thousand transactions in Dammam.