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FinancialNews


  • 27-09-21

    Value of real estate transactions in Saudi Arabia increases by 19 percent to USD4.1B

    (MENAFN)Argaam reported referring to figures issued by the Justice Ministry that the worth of real estate transactions in Saudi Arabia rose by 19 percent to SR15.59 billion (USD4.1 billion) in the period between August and September, in comparison to SR13.12 billion in the previous year same time span.

    The value of real estate transactions recorded in the mentioned time amounted at 20,900.

    Commercial real estate deals increased by 93 percent to amount at SR5.2 billion in comparison to the same time span last year.

    Residential real estate deals stood for 58.3 percent of the total transactions, commercial deals (33.4 percent), and agricultural and industrial deals reached 8.3 percent.

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