The real estate bourse achieved a remarkable performance yesterday, Monday, December 2, 2024, with 1,494 real estate transactions with a total value of more than 1.4 billion riyals, and a traded area of 3.7 million square meters. As activity in the real estate market escalated, key areas in Riyadh topped the list of the highest-valued neighborhoods, reflecting the continued momentum in the real estate sector in the Kingdom.

The data showed that the highest price per square meter during yesterday's transactions reached 22,900 riyals, while the average price per square meter reached 379 riyals.

<In a clear leadership of real estate neighborhoods, Riyadh's Rimal neighborhood came in first place in terms of transaction value, with a total of transactions exceeding 111 million riyals. Riyadh's Sidra neighborhood came in second place with a transaction value of 45 million riyals, while Riyadh's Janadriyah neighborhood came third with 20.5 million riyals. The Shula neighborhood in Dammam ranked fourth with deals worth 14.1 million riyals, while the Al-Nazim neighborhood in Riyadh came in fifth and last place with a transaction value of more than 10 million riyals.

<The real estate exchange is a pivotal tool to enhance the efficiency of the real estate market, as it provides integrated electronic services that enable users to carry out sales, purchases and property transfers quickly and safely. These digital solutions contribute to saving time and effort, enhancing the transparency and ease of real estate transactions in the Kingdom.