{"id":79966,"date":"2025-06-30T09:19:13","date_gmt":"2025-06-30T06:19:13","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=79966"},"modified":"2025-11-25T21:19:32","modified_gmt":"2025-11-25T21:19:32","slug":"%d8%aa%d8%b1%d8%a7%d8%ac%d8%b9-%d8%ad%d8%a7%d8%af-%d9%81%d9%8a-%d8%a3%d8%b3%d8%b9%d8%a7%d8%b1-%d8%a7%d9%84%d8%a3%d8%b1%d8%a7%d8%b6%d9%8a-%d8%a8%d8%ad%d9%8a-%d8%a7%d9%84%d8%ae%d8%a8%d8%b1-%d8%ae","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/79966\/","title":{"rendered":"A sharp drop in land prices in Al-Khair neighborhood in 60 minutes. What are the reasons?"},"content":{"rendered":"<p>The \u201cAl-Khair\u201d neighborhood north of Riyadh witnessed a sudden collapse in<strong><a href=\"https:\/\/amlak.net.sa\/en\/76375\/\"> Land prices<\/a><\/strong>has fallen more than 65% in less than an hour, according to data from the <strong><a href=\"https:\/\/srem.moj.gov.sa\/\">Real estate stock exchange<\/a> <\/strong>official. These rapid shifts shocked investors and speculators alike, and reshaped the real estate landscape in the capital, in a clear indication that the market has entered a long-awaited correction phase.<\/p>\n<p>Data from the platform documented the execution of a transaction at 11:12 pm at a price of 1,284 riyals per square meter for a 467 square meter plot of land, with a total value of 600,000 riyals. However, the market witnessed another transaction just minutes later, at a price of 1,132 riyals per meter for an area of 398 square meters, with a final value that did not exceed 450 thousand riyals, indicating a rapid and direct decline in prices within a very narrow time frame.<\/p>\n<p>This accelerated decline, which came after a period during which the market witnessed slight declines that did not exceed 15%, raised many questions about the causes and consequences of this decline. Observers believe that this decline cannot be separated from recent government decisions related to opening new areas of white land in northern Riyadh, as part of a plan aimed at increasing the real estate supply and facilitating citizens\u201c ownership of housing units at affordable prices. These decisions were considered one of the most prominent catalysts that pushed the market towards correction, especially in neighborhoods that were suffering from severe speculation and unjustified price hikes, such as in the Al-Khair neighborhood.<\/p>\n<p>Sector experts believe that the current correction is not circumstantial or of limited impact, but rather represents the beginning of broader structural shifts in the land market in the north of the capital. They point out that these shifts will lead to a realistic reassessment of land prices, especially in areas that have witnessed price inflation over the past months, opening the way for building a more balanced and transparent market, in line with the goals of Saudi Vision 2030, which puts the citizen at the center of real estate development.<\/p>\n<p>In the midst of these developments, many investors have begun to reconsider their options and direct their compass towards new areas that are more connected to major development projects. Among these areas are Al Azariya and Al Rimal, which are close to promising projects such as the Sports Track and Qiddiya, and are expected to offer better long-term growth and stability compared to areas that have relied on speculation for their price rises.<\/p>\n<p>Analysts expect this corrective trend to continue during the coming period, with a gradual tendency towards price stability and a relative decline in the impact of speculation on the market movement. They believe that investors are more inclined to look for developed lands and approved plans that are in line with the state's direction to raise the quality of life and provide real estate products that serve the citizen and contribute to the sustainability of the sector in the long term.<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>The \u201cAl-Khair\u201d neighborhood north of Riyadh witnessed a sudden collapse in land prices, falling more than 65% in less than one hour, according to data from the official real estate exchange platform. These rapid shifts shocked investors and speculators alike, and redrew the features of the real estate scene in the capital, in a clear indication that the market has entered a new correction phase that has been long awaited. The data documented ... <a title=\"\u062a\u0631\u0627\u062c\u0639 \u062d\u0627\u062f \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0623\u0631\u0627\u0636\u064a \u0628\u062d\u064a &#8220;\u0627\u0644\u062e\u064a\u0631&#8221; \u062e\u0644\u0627\u0644 60 \u062f\u0642\u064a\u0642\u0629.. \u0645\u0627 \u0627\u0644\u0623\u0633\u0628\u0627\u0628\u061f\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/79966\/\" aria-label=\"Read more about \u062a\u0631\u0627\u062c\u0639 \u062d\u0627\u062f \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0623\u0631\u0627\u0636\u064a \u0628\u062d\u064a &#8220;\u0627\u0644\u062e\u064a\u0631&#8221; \u062e\u0644\u0627\u0644 60 \u062f\u0642\u064a\u0642\u0629.. \u0645\u0627 \u0627\u0644\u0623\u0633\u0628\u0627\u0628\u061f\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":79972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[119],"tags":[],"class_list":["post-79966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"\u0647\u0628\u0648\u0637 \u064a\u0641\u0648\u0642 65% \u062e\u0644\u0627\u0644 \u062f\u0642\u0627\u0626\u0642 \u0628\u0639\u062f \u0635\u0641\u0642\u0627\u062a \u0645\u062a\u062a\u0627\u0628\u0639\u0629\u060c \u0648\u0639\u0632\u0648\u0647 \u0644\u0641\u062a\u062d \u0623\u0631\u0627\u0636\u064d \u0628\u064a\u0636\u0627\u0621 \u0648\u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u0645\u0636\u0627\u0631\u0628\u0629","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":"\u0647\u0628\u0648\u0637 \u064a\u0641\u0648\u0642 65% \u062e\u0644\u0627\u0644 \u062f\u0642\u0627\u0626\u0642 \u0628\u0639\u062f \u0635\u0641\u0642\u0627\u062a \u0645\u062a\u062a\u0627\u0628\u0639\u0629\u060c \u0648\u0639\u0632\u0648\u0647 \u0644\u0641\u062a\u062d \u0623\u0631\u0627\u0636\u064d \u0628\u064a\u0636\u0627\u0621 \u0648\u062a\u0631\u0627\u062c\u0639 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