Data The Real Estate Exchange revealed that the Medina region recorded yesterday, Tuesday, the eleventh of June, real estate transactions worth 1.038 billion riyals, distributed over 74 transactions with a traded area estimated at 29.2 thousand square meters, and the number of traded properties amounted to 73 properties. The highest price per meter was recorded at 2 million riyals, while the average price per meter was about 29 thousand riyals.
<The data also showed that the region recorded the highest value of real estate transaction since the beginning of this year, as a plot of land worth one billion riyals was sold through the real estate exchange. The plot of land is located in Al Manakha neighborhood on the western side of the Central Area Plan on an area of 500 square meters, making it one of the most interesting real estate deals in the region.
According to data from the real estate exchange. According to real estate bourse data, the average price per square meter in the deal was recorded at SAR 2 million, noting that the land plot is located north to plot No. 2032 with a length of 25 meters, east to Saeed bin Zaid Street with a length of 20 meters and a width of 32 meters, west to plot No. 2031 with a length of 20 meters, and south to a pedestrian street 8 meters wide and 25 meters long.
According to real estate bourse data, the average price per square meter in the deal was recorded at SAR 2 million.
Deals for the first week of June
The Real Estate Exchange data also revealed the number of real estate transactions in the Medina region during the period from June 1 to June 7, which amounted to 622 transactions with an estimated value of 274.5 million riyals out of the total value of transactions at the Kingdom level, which amounted to about 16 billion riyals for about 12.9 thousand transactions.
The data showed that the area of the real estate market in the first week of June is about 8 meters wide and 25 meters wide. The data showed that the area traded for real estate in Medina through the real estate exchange during a week exceeded one million square meters, while the number of properties traded reached 582 properties, and the average price per meter for real estate was about 932 riyals, while the highest price per meter reached 13.5 thousand riyals, where the transactions varied between (deal, gift, mortgage release, grant, deal with financing, sorting).
Data showed that the value of transactions in Medina through the real estate exchange during a week exceeded one million square meters, while the number of properties traded reached 582 properties. The value of real estate transactions represented 1.7% of the total value of real estate transactions in the Kingdom during the same period, which amounted to about 16 billion riyals, while the total number of transactions in the Kingdom amounted to approximately 12.9 thousand transactions, of which the city represented 4.8% of their number.
