Figures and data the Real Estate Exchange, have revealed a significant uptick in the number of transactions in the Saudi real estate market during the month of October, with 23,588 transactions totaling 27.58 billion riyals.
The Riyadh region ranked first in terms of the number ofreal estate transactions, with 8,988 transactions, followed by the Makkah region with 4,810 transactions, then the Qassim region with 1,742 transactions, then the Eastern Province with 3,329 transactions, and finally Madinah with 800 transactions.
The Riyadh region also ranked first in terms of value, reaching 12 billion riyals, followed by the Makkah region with 1.1 billion riyals, then the Al-Qassim region with 8.4 billion riyals, then the Eastern Province with 4 billion riyals, and finally Madinah with 819.2 million riyals.
Most Active Residential Neighborhoods:
- Al-Narges Neighborhood – Riyadh: 325 transactions, worth 747,591,944 riyals, with a traded area of 121,104 square meters, and an average price of 6,173 riyals.
- Al-Wisam District – Riyadh: 314 transactions, worth 697,220,000 riyals, with a traded area of 114,310 square meters, and an average price of 6,100 riyals.
- Al-Waha District – Jeddah: 305 transactions, valued at 593,650,000 riyals, with a total transaction area of 102,200 square meters, and an average price of 5,760 riyals.
- Al-Khair District – Riyadh: 303 transactions, worth 589,500,000 riyals, with a total transaction area of 101,800 square meters, and an average price of 5,750 riyals.
- Arid District – Riyadh: 262 transactions, valued at 477,600,000 riyals, with a total transaction area of 89,200 square meters, and an average price of 5,350 riyals.
