The number of real estate transactions in the Medina region during last March increased by 9% as more than 11 thousand residential and commercial rental transactions were recorded, compared to 10 thousand transactions recorded in the previous month of February.
The Rental Index issued by the electronic network of rental services "Madinah . The Rental Index issued by the electronic network for rental services ”Ejar“ in integration with the Sakani platform, revealed that Medina recorded 11.7 thousand rental transactions in March, with the ”residential" rental supply reaching 9 thousand rental transactions.
According to the rental index, apartment units accounted for 8.8 thousand transactions with an average value of 15.9 thousand riyals, and 85 rental transactions for the "Dor" unit with an average value of 25.9 thousand riyals, while residential units of villas recorded 91 rental transactions worth 44.1 thousand riyals.
According to the rental index, the residential supply of "residential" reached 9 thousand rental transactions.
<The index also showed that the commercial rental supply in Madinah reached 2.6 thousand deals for the number of rental deals for shops 2.3 thousand deals
While the commercial rental supply in Madinah recorded 2.6 thousand deals.
While the number of rental deals for shops reached 2.3 thousand deals with an average of 674 per square meter, the number of deals for trade fairs recorded 193 deals with an average of one thousand riyals, while commercial offices accounted for 189 rental deals with an average of 248 riyals per meter.
The number of commercial rental deals in Medina recorded 2.6 thousand deals.
