This year, real estate deals for residential apartments flourished, as the value of their transactions during the first nine months of this year reached about 9.0 billion riyals, while the value of deals in the same period last year did not exceed 7.2 billion riyals, an increase of 25.0 %, and expectations indicate that the residential apartments market is the main market that will occupy the lead in the real estate market within a few years.

The residential apartments market in the Kingdom is considered one of the most promising markets that promises a bright future in the real estate market map, especially with the completion of the structure of the new apartments offered by the Ministry of Housing, as well as the apartments of real estate developers. The residential apartments market in the Kingdom is considered one of the promising markets that promises a bright future in the real estate market map, especially with the completion of the structure of the new apartments offered by the Ministry of Housing, as well as the apartments of private sector real estate developers, and despite the weak representation of the value of residential apartments deals (3.0%), we expect to increase the value of its deals in the coming years, especially in light of promoting the culture of the apartment option as a major solution to the housing crisis, especially in light of the government adoption of it through the policies of the Ministry of Housing.

The recovery of the apartment market seems to be a catalyst for owners of white lands to develop them and build residential complexes on them or sell them to real estate developers for the same reason, and thus the market is moving in the direction of moving raw lands to build apartment buildings, which means that the deals currently concentrated in lands will gradually disappear to appear in the form of residential buildings and apartments.

On the other hand, we find that the value of deals currently concentrated in lands will gradually disappear to appear in the form of residential buildings and apartments. <On the other hand, we find that the value of land deals in the same period (the first nine months) of the year (1436H) amounted to about 255.8 billion riyals, compared to about 319.2 billion riyals for the same period of the previous year. In other words, land deals are witnessing a kind of decline this year from their levels in the previous year, which proves the caution and anticipation that has affected the sale and purchase of land. It is worth noting that the value of real estate transactions for the three quarters of this year reached 301.1 billion riyals, compared to about 359.3 billion riyals for the same three quarters of the previous year 1435 AH.