Data and indicators of “The Real Estate Exchange” showed that real estate transactions recorded at the level of the Kingdom about 60.8 billion riyals for 58.7 thousand transactions, during the month of February last.

The average price of real estate traded through the real estate exchange across the Kingdom during last month was about 288.9 million square meters, while the number of properties traded was about 56.4 thousand properties.

While the traded area of real estate through the real estate exchange throughout the Kingdom during the last month amounted to about 288.9 million square meters, while the number of properties traded reached about 56.4 thousand properties, and the average price per meter of real estate recorded approximately 1,746 riyals, while the highest price per meter reached about 815.2 thousand riyals, according to the data of the real estate exchange.

Real estate exchange data.

The real estate exchange in Medina

Data Real Estate Exchange, also revealed that the number of real estate deals recorded in the Medina region reached 1,632 deals worth more than 914.8 million riyals approximately.

The indicators showed that the area traded for Medina real estate through the real estate exchange during February amounted to about 1.8 million square meters, while the number of properties traded reached 1,535 properties, and the average price per meter for properties recorded about 1.127 riyals, while the highest price per meter reached about 20.9 thousand riyals, where the transactions varied between (deal, sorting, grant, gift, mortgage release, deal with financing, update / amendment).

The value of the real estate transactions recorded in Madinah region amounted to 1,632 deals with a value of more than 914.8 million riyals. The value of real estate transactions in Medina represented 1.5% of the total value of real estate transactions in the Kingdom during the same period worth about 60.8 billion riyals, while the total number of transactions in the Kingdom amounted to approximately 58.7 thousand transactions, of which Medina represented 2.7% of their number.

Comparing the number of real estate deals in Medina during February 2024 with the number of deals in the similar period last year, the value of deals recorded a decrease of 5.2%, and the number of deals decreased by 22.1% compared to their numbers during February 2023, which amounted to about 3000 deals at that time.

The number of real estate deals in Medina decreased by 22.1% compared to their numbers during February 2023, which amounted to about 3000 deals at that time.