The Saudi real estate sector witnessed remarkable activity during the first half of March, which coincided with the first two weeks of Ramadan, as the value of real estate transactions reached 95.8 billion riyals, registering a growth of 38.6% compared to the similar period last year, during which the value of transactions reached 69.1 billion riyals.

According to data from the Real Estate Exchange, the total number of transactions during this period reached 30.4 thousand transactions. <According to data from The Real Estate Exchange, the total number of transactions during this period reached 30.4 thousand transactions, with an estimated traded area of 328.6 million square meters, while the average price per square meter reached about 15 thousand riyals. The number of traded properties reached 29.1 thousand properties, and the highest price per meter was recorded at 1.5 million riyals in one of the mortgage operations within a plan in the Rimal neighborhood in Riyadh, while the total value of mortgages reached 202.9 billion riyals.

The total value of mortgages reached 202.9 billion riyals. <In a comparison with the first half of Ramadan last year, the number of operations at that time reached 26.8 thousand operations, with a traded area of 120.9 million square meters and an average price per square meter of 6.7 thousand riyals. The number of traded properties reached 25.7 thousand properties, and the highest price per meter was recorded at 800 thousand riyals for a mortgage operation in the Al-Murooj neighborhood in Al-Ras city, while the value of mortgages amounted to 192.3 billion riyals.

The value of mortgages reached 192.3 billion riyals.