The value of real estate transactions in the first half of the Hijri year rose to 115 billion riyals, compared to 113 riyals in the same period last year (1438 AH), representing an increase of 2%.<\/p>\n
Decline in the Value of Transactions in Jumada al-Akhira<\/strong><\/p>\n Data from the Ministry of Justice showed that real estate sales in the month of Jumada al-Akhira declined by 38 % to 1.12 billion riyals compared to the same month last year, when the value of real estate transactions did not exceed 6.19 billion riyals, while the decline compared to the month of Jumada al-Akhirah was 3%, equivalent to 400 million riyals.<\/p>\n Decline in Residential Transactions<\/strong><\/p>\n The decline in real estate transactions during the month of Jumada al-Akhira 1439 AH is attributed to a 26 % decrease in residential transactions compared to the same period last year, reaching approximately 2.9 billion riyals, In addition, the value of commercial transactions fell by 59% to reach approximately 9.2 billion riyals.<\/p>\n Plots of Land in the Foreground<\/strong><\/p>\n Real estate transactions involving land parcels (residential and commercial) accounted for the largest share during the month of Jumada al-Akhira, with a value of 76.10 billion riyals, representing approximately 89 % of the total value, followed by apartment transactions valued at 7.691 million riyals.<\/p>\n Riyadh Tops the List of Cities<\/strong><\/p>\n Riyadh topped the list of the most active cities in terms of residential real estate transaction value during the month of Jumada al-Akhira, with transactions totaling 22.3 billion riyals\u2014a decrease of 16,% compared to the same month last year, followed by Jeddah with 02.1 billion riyals, a decrease of 53 .%. Riyadh was the most active in terms of transactions, with the value of deals completed during Jumada al-Akhira reaching approximately 22.1 billion riyals, down 65 % from the same month last year.<\/p>\n Transactions in Jumada al-Akhira Totaled 48.12 Billion Riyals<\/strong><\/p>\n Real estate transactions in Jumada al-Awwal totaled 48.12 billion riyals, marking a decrease of 25,% compared to the same period last year, Compared to Rabi\u2019 al-Thani 1439 AH, real estate transactions fell by 64 %, equivalent to 8.21 billion riyals.<\/p>\n The value of real estate transactions has risen by 10 % since the beginning of 1439 AH, equivalent to 2.9 billion riyals compared to the same period last year, reaching 6.102 billion riyals.<\/p>\n Reason for the Decline in Transactions in Jumada al-Awwal<\/strong><\/p>\n The decline in real estate transactions during the month of Jumada al-Awwal is attributed to a 22% drop in residential transactions, which totaled approximately 7.8 billion riyals, while the value of commercial transactions reached approximately 8.3 billion, marking a 32% decrease compared to the same period last year. Real estate transactions involving land plots (residential and commercial) accounted for the largest share during the month of Jumada al-Awwal of the year 1439 AH; with a value of 69.10 billion riyals, accounting for approximately 86% of the total value, followed by apartment transactions valued at 03.1 billion riyals.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The value of real estate transactions in the first half of the Hijri year rose to 115 billion riyals, compared to 113 riyals in the same period last year (1438 AH), representing an increase of 2%. The value of transactions declined in Jumada al-Akhira, and data from the Ministry of Justice showed that real estate sales in the month of Jumada al-Akhira fell by 38 % to reach 1.12 billion \u2026 Read 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