The real estate exchange in Saudi Arabia during the week ending January 2, 2025 witnessed remarkable activity, as 7504 transactions were recorded with a total value of more than 28 billion riyals, and a traded area of 102 million square meters.
According to official data released by the real estate exchange. According to official data issued by The Real Estate Exchange, the highest price per square meter during the week reached 183.3 thousand riyals, while the average price per square meter reached 274 riyals, reflecting the wide variation in transaction values.
Growth of users and beneficiaries
<Ministry of Justice statistics released last December show that the number of registered users of the real estate exchange exceeded one million users, while the number of beneficiaries of the platform reached more than 30,000 beneficiaries daily. This reflects the growing confidence in the platform as a key tool for real estate trading.
Record performance in 2024
During 2024, the total value of recorded real estate transactions amounted to about 399.7 billion riyals distributed over more than 345.9 thousand transactions. The total area traded reached 1.52 billion square meters.
The most prominent indicators that emerged
- Highest price per square meter: 4.56 million riyals.
- Average price per square meter: SAR 263.
- Lowest price per square meter: SAR 1. .
Signs of growing real estate demand
These positive figures reflect the growing demand for real estate in the Kingdom, both for residential and investment purposes. This reinforces the pivotal role of the real estate sector as a key driver of the Saudi economy, especially in light of the government's supportive policies.
<The performance of the Saudi Real Estate Exchange shows continued momentum in the real estate sector, reflecting the success of efforts to improve transparency and provide effective tools to facilitate real estate trading. This performance is a positive indicator that enhances the confidence of local and international investors in the Saudi real estate market.
