The Al-Ekhbariya channel recently reported on real estate activity across several cities in the Kingdom. According to the channel’s announcer, Riyadh saw over 1,035 deals within a week, totaling 2,054 billion riyals in value and spanning 678 thousand square meters. In Jeddah, there were 491 deals worth 917 million riyals, covering an area of 429 thousand square meters. Meanwhile, in Dammam, 202 deals were recorded for 240 million riyals and an area of 195 thousand square meters.
Al-Marsad newspaper: Al-Ekhbariya channel published a report on the real estate movement in some cities of the Kingdom within a week.
The announcer of the “channel” said that the capital, Riyadh, recorded a number of deals amounting to 1,035, and the value of real estate deals amounted to 2,054 billion riyals, and the area in circulation was 678 thousand square meters.
He continued: In Jeddah, the number of deals reached 491, and the value of the deals amounted to 917 million riyals, and the area in circulation was 429 thousand square meters.
Overall, the real estate market in several cities across the Kingdom seems to be thriving. With large numbers of deals, high values, and significant areas in circulation, it’s clear that many people are investing in the property market. As always, it will be interesting to see how these trends continue over time and whether any new developments occur in the sector. Regardless, it’s clear that real estate will remain an important part of the economic landscape in Saudi Arabia, providing opportunities for both investors and buyers alike.