The Real Estate Index revealed that the data of the “Real Estate Exchange” recorded about 60.8 billion riyals for 58.7 thousand transactions during the month of February last.
The data revealed that the area traded through the real estate exchange across the Kingdom during the past month amounted to about 288.9 million square meters. The data showed that the traded area of real estate through the real estate exchange throughout the Kingdom during the past month amounted to about 288.9 million square meters, while the number of traded properties touched 56.4 thousand properties, and the average price per meter for real estate was 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.
Comparing the numbers of real estate deals in Medina during February 2024 with the numbers 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 its numbers during February 2023 of about 3000 deals at that time.
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The real estate stock exchange during last February.
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60.8 billion riyals worth of transactions.
58.7 thousand transactions.
4 thousand properties traded.
288.9 million square meters total area.288.9 million square meters total area.
1.746 SAR average prices.
1.746 SAR average prices.
815.2 thousand riyals Highest price.
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Medina Real Estate Exchange
Number of deals: 1.632 deals.
Value: Approximately 914.8 million riyals.
Area: 1.8 million square meters.
Number of properties: 1,535 properties.
Number of properties: 1,535
Average prices: SAR 1.127 per square meter.
Highest price: 20.9 thousand riyals per square meter.
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Types of deals Sort, grant, gift, deed-in-lieu, deal with financing.
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Real Estate Index: SAR 5.13 billion in villa financing in January
The latest data from the Saudi Central Bank “SAMA” revealed that the volume of new residential financing provided by banks to individuals from banks reached 7.53 billion riyals last January, a growth of 20.8% from the previous month “December 2023” in which the volume of financing recorded 6.23 billion riyals.
<According to the monthly bulletin issued by the Saudi Central Bank for the month of January, villas accounted for the highest share of the total volume of housing finance for individuals from banks with 5.13 billion riyals, followed by apartments with 1.96 billion riyals. While land ranked third with 440 million riyals.
The data also showed that the total number of real estate financing contracts during January rose by 10.5 billion riyals by 21.4% compared to last December, which was about 8.6 billion riyals.
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The real estate index monitors:
Supply of residential properties rises to 3.8 million units in Riyadh, Dammam and Jeddah
Recent reports confirmed that Riyadh residential real estate sales prices increased by 5 % to reach 5320 riyals per square meter for houses during the fourth quarter of last year 2023, while it increased by 8% for apartments to 5050 riyals per square meter, according to data from Deloitte Consulting in its latest report.Riyadh, Dammam and Jeddah
In terms of real estate supply, Deloitte said the supply of residential real estate in Riyadh, Dammam and Jeddah has risen to about 3.8 million units by the end of 2023.
According to Deloitte's latest report. <According to Deloitte's report, the supply of residential real estate in Riyadh in Q4 2023 increased by 1% to 3.8 million units, and by 1% in Jeddah and Dammam to 1.1 million units and 670,000 units. The total office supply in Q4 2023 in Riyadh, Jeddah and Dammam totaled 8.5 million square meters.
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Ribbon
Rising residential real estate rents
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Riyadh City
3 % homes.
6% for apartments.
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Jeddah
6% houses.
18% for apartments.
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Dammam
11% for houses.
18% for apartments.
