Al-Marsad newspaper: Al-Ekhbariya channel published a report in which it revealed that the rental prices of apartments in Riyadh decreased between 1% and 52% during the month of July.
The “report” stated that the “sakani” platform reviewed the rental index to record a decrease in the average rental values of residential apartments by a rate ranging between 1% to 52% in 32 neighborhoods in the city of Riyadh out of 43 neighborhoods that recorded 200 commercial transactions, while the remaining neighborhoods recorded stability with average values The rent for residential apartments has increased to 15%.
He added, the three neighborhoods with the highest records for preparing apartment deals were Zahra Laban neighborhood, Tuwaiq neighborhood and Aziziyah neighborhood, which came third in the number of apartment deals.
And he continued, regarding what the real estate market is witnessing, several specialists confirmed that the pace of decline locally comes in line with most of what real estate is witnessing around the world from entering a corrective stage at the price level. The needs of citizens and beneficiaries and contributes to modifying the organizational role of the network and enables beneficiaries to view the service and its advantages through the Sakani platform.
