The real estate exchange witnessed a remarkable recovery in the pace of trading during the week ending December 18, with a clear growth in the volume of real estate transactions and their total value. The value of transactions amounted to about 6.21 billion riyals, reflecting the continued momentum in the real estate market.
The data showed the implementation of 4,299 real estate transactions, which included traded areas exceeding 25.85 million square meters, an indication of the diversity of deals between large and smaller lands.
Data showed the implementation of 4,299 real estate deals, which included traded areas exceeding 25.85 million square meters. <In terms of prices, the highest price per square meter reached 38.45 thousand riyals, while the average price stabilized at 240 riyals per meter, while the lowest price recorded only one riyal per meter. The indicators also showed that the best offer amounted to one riyal per meter, while the best demand amounted to 3,250 riyals per meter.
The most active neighborhoods
In terms of transaction value, the Yaqoot neighborhood in Jeddah topped the list of the most traded neighborhoods, achieving transactions worth 136.12 million riyals through 43 transactions, for a traded area of 52.18 thousand square meters, at an average price of 2,609 riyals per meter.
In second place, the Haniyah neighborhood in Al-Kharj came with a total of SAR 74.24 million worth of transactions, distributed over 126 transactions, for an area of more than 5.19 million square meters, with a relatively low average price of SAR 14 per meter.
Al-Qanadil neighborhood in Makkah recorded deals worth 71.88 million riyals through 66 transactions, for an area of 35.51 thousand square meters, with an average price of 2,024 riyals per meter.
<In Riyadh, the Janadriyah neighborhood achieved trades worth 43.68 million riyals through 39 transactions, for an area of 15.37 thousand square meters, at an average price of 2,841 riyals per meter. While the Al-Hazm neighborhood recorded transactions amounting to 20.73 million riyals through 43 transactions, for an area of 5,233 square meters, with an average price of 3,961 riyals per meter.
