The value of Saudi Arabia's real estate deals surged 33% year-on-year (YoY) to nearly SAR 18.6 billion in November-December 2020 (Rabi Al-Thani 1442 Hijri year), Saudi Justice Ministry's data showed.
On the other hand, real estate deals jumped 3%, or SAR 600 million, month-on-month (MoM).
The number of real estate deals made in Rabi Al-Thani reached around 29,200, up from 24,500 during the same month of the last Hijri year.
The number of sold properties increased to 30,400.
|
Total Value of Real Estate Market Transactions (SAR bln) |
|||
|
Month* |
2019/2020 1441 |
2020/2021 1442 |
Variation |
|
Aug. - Sept. (Muharram) |
16.17 |
13.14 |
(19%) |
|
Sept. - Oct. (Safar) |
15.23 |
11.70 |
(23%) |
|
Oct. - Nov. (Rabi Al-Awwal) |
14.73 |
18.00 |
+ 22% |
|
Nov. - Dec. (Rabi Al Thani) |
13.96 |
18.60 |
+ 33% |
|
Dec. - Jan. (Jumada Al Awwal) |
12.99 |
-- |
-- |
|
Jan. - Feb. (Jumada Al Thani) |
18.99 |
-- |
-- |
|
Feb. – March (Rajab) |
13.42 |
-- |
-- |
|
March – April (Sha’ban) |
3.80 |
-- |
-- |
|
April – May (Ramadan) |
5.51 |
-- |
-- |
|
May – June (Shawwal) |
13.66 |
-- |
-- |
|
June – July (Dhul Qa’dah) |
25.80 |
-- |
-- |
|
July – Aug. (Dhul Hijjah) |
5.86 |
-- |
-- |
|
Total |
160.14 |
-- |
-- |
*The data is updated based on the periodic reports issued from the Ministry of Justice
The rise in real estate deals in Rabi Al-Thani is attributed to the increase in the number of commercial deals by 74% YoY to SAR 6.61 billion.
Similarly, the value of the residential deals appreciated 7% YoY to SAR 10.40 billion. The agricultural and industrial deals were valued at nearly SAR 1.6 billion.
Residential deals represented 55.9% of total real estate deals in Rabi Al-Thani. It was followed by the commercial deals (35.5%) and agricultural as well as industrial deals at 8.6%.
|
Real Estate Market Transactions in detail (SAR bln) |
||||||
|
Residential |
Commercial |
|||||
|
Month* |
2019/2020 1441 |
2020/2021 1442 |
Variation |
2019/2020 1441 |
2020/2021 1442 |
Variation |
|
Aug. - Sept. (Muharram) |
12.64 |
9.65 |
(24%) |
3.17 |
2.69 |
(15%) |
|
Sept. - Oct. (Safar) |
12.33 |
8.06 |
(35%) |
2.59 |
3.00 |
+16% |
|
Oct. - Nov. (Rabi Al-Awwal) |
11.60 |
10.45 |
(10%) |
2.63 |
6.68 |
+154% |
|
Nov. - Dec. (Rabi Al Thani) |
9.75 |
10.40 |
+7% |
3.81 |
6.61 |
+74% |
|
Dec. - Jan. (Jumada Al Awwal) |
10.16 |
-- |
-- |
2.52 |
-- |
-- |
|
Jan. - Feb. (Jumada Al Thani) |
4.56 |
-- |
-- |
3.99 |
-- |
-- |
|
Feb. – March (Rajab) |
9.88 |
-- |
-- |
3.30 |
-- |
-- |
|
March – April (Sha’ban) |
3.34 |
-- |
-- |
0.40 |
-- |
-- |
|
April – May (Ramadan) |
4.56 |
-- |
-- |
0.75 |
-- |
-- |
|
May – June (Shawwal) |
8.68 |
-- |
-- |
4.35 |
-- |
-- |
|
June – July (Dhul Qa’dah) |
7.08 |
-- |
-- |
6.80 |
-- |
-- |
|
July – Aug. (Dhul Hijjah) |
4.19 |
-- |
-- |
1.14 |
-- |
-- |
|
Total |
98.77 |
-- |
-- |
35.44 |
-- |
-- |
*The data is updated based on the periodic reports issued from the Ministry of Justice
Land sale transactions accounted for nearly 92%, or SAR 17.1 billion, of the total realty deals in Rabi Al-Thani.
|
Real Estate Market Transactions by Type (SAR mln) |
||||||
|
Residential |
Commercial |
|||||
|
Type |
2019/2020 1441 |
2020/2021 1442 |
Variation |
2019/2020 1441 |
2020/2021 1442 |
Variation |
|
Plot of land |
8548.5 |
9830.3 |
+ 15% |
3624.6 |
6505.3 |
+ 79% |
|
Agricultural land |
33.0 |
-- |
-- |
2.7 |
-- |
-- |
|
Apartment |
723.1 |
332.3 |
(54%) |
15.4 |
17.3 |
+ 12% |
|
Utility |
0.3 |
1.7 |
+467% |
4.9 |
-- |
-- |
|
Villa |
188.6 |
77.7 |
(59%) |
150.0 |
4.5 |
(97%) |
|
Show room/shop |
68.3 |
89.4 |
+ 31% |
5.8 |
2.0 |
(66%) |
|
House |
52.4 |
37.6 |
(28%) |
1.4 |
2.8 |
+ 100% |
|
Building |
70.6 |
13.3 |
(81%) |
2.7 |
2.5 |
(7%) |
|
Shopping Mall |
64.7 |
15.0 |
(77%) |
-- |
74.8 |
-- |
|
Chalet |
2.2 |
3.3 |
+50% |
-- |
0.1 |
-- |
|
Total |
9751.6 |
10400.4 |
+ 7% |
3807.5 |
6609.2 |
+74 % |
|
Total Real Estate Market Transactions (mln sqm) |
|||
|
Month* |
2019/2020 (1441) |
2020/2021 (1442) |
Variation |
|
Aug. - Sept. (Muharram) |
63.03 |
177.65 |
+ 182% |
|
Sept. - Oct. (Safar) |
107.96 |
139.61 |
+ 29% |
|
Oct. - Nov. (Rabi Al-Awwal) |
72.52 |
216.73 |
+ 199% |
|
Nov. - Dec. (Rabi Al Thani) |
54.27 |
222.57 |
+ 310% |
|
Dec. - Jan. (Jumada Al Awwal) |
54.27 |
-- |
-- |
|
Jan. - Feb. (Jumada Al Thani) |
118.59 |
-- |
-- |
|
Feb. – March (Rajab) |
69.76 |
-- |
-- |
|
March – April (Sha’ban) |
3.40 |
-- |
-- |
|
April – May (Ramadan) |
6.19 |
-- |
-- |
|
May – June (Shawwal) |
58.36 |
-- |
-- |
|
June - July (Dhul Qa’dah) |
179.00 |
-- |
-- |
|
July - Aug. (Dhul Hijjah) |
81.37 |
-- |
-- |
|
Total |
868.73 |
-- |
-- |
*The data is updated based on the periodic reports issued from the Ministry of Justice
Riyadh saw the largest number of real estate deals worth SAR 7.3 billion, followed by Jeddah with SAR 2.6 billion worth of deals.
|
Real Estate Transactions in Major Cities in Rabi Al-Thani (SAR mln) |
||||||
|
Residential |
Commercial |
|||||
|
City |
2019/2020 1441 |
2020/2021 1442 |
Variation |
2019/2020 1441 |
2020/2021 1442 |
Variation |
|
Riyadh |
3419.8 |
3757.8 |
10% |
1830.7 |
3567.0 |
95% |
|
Jeddah |
1139.5 |
1641.7 |
44% |
559.5 |
972.6 |
74% |
|
Dammam |
575.1 |
550.4 |
(4%) |
326.2 |
792.5 |
143% |
|
Al Khobar |
341.9 |
492.2 |
44% |
293.7 |
350.3 |
19% |
|
Makkah |
546.8 |
697.7 |
28% |
68.2 |
83.8 |
23% |
|
Madinah |
472.2 |
604.7 |
28% |
94.8 |
105.0 |
11% |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}