The value of Saudi Arabia's real estate transactions grew 506% year-on-year (YoY) to SAR 23.28 billion in March - April 2021 (Sha’ban 1442 Hijri year), recording its highest level in nine months, or since June- July 2020 (Dhul Qa’dah) when it reached SAR 26.5 billion, Saudi Justice Ministry's data showed.
The real estate deals recorded their lowest value in Sha’ban 1441 Hijri year (March-April 2020), coinciding with the Kingdom's precautionary measures to check the spread of coronavirus.
The real estate deals inched up by 0.6%, or SAR 143 million, month-on-month (MoM).
The number of the real estate transactions in March - April 2021 stood at around 35,500, up from nearly 6,120 a year earlier. The number of properties sold also jumped to 36,800.
|
Total Value of Real Estate Market Transactions (SAR bln) |
|||
|
Month* |
2019/2020 (1441) |
2020/2021 (1442) |
Variation |
|
Aug. - Sept. (Muharram) |
16.61 |
13.11 |
(21%) |
|
Sept. - Oct. (Safar) |
15.62 |
11.76 |
(25%) |
|
Oct. - Nov. (Rabi Al Awwal) |
14.87 |
18.12 |
+ 22% |
|
Nov. - Dec. (Rabi Al Thani) |
14.32 |
18.67 |
+ 30% |
|
Dec. - Jan. (Jumada Al Awwal) |
13.32 |
14.44 |
+ 8% |
|
Jan. - Feb. (Jumada Al Thani) |
19.49 |
18.76 |
(4%) |
|
Feb. - March (Rajab) |
13.77 |
23.13 |
+ 68% |
|
March - April (Sha’ban) |
3.84 |
23.28 |
+506% |
|
April - May (Ramadan) |
5.62 |
-- |
-- |
|
May - June (Shawwal) |
13.98 |
-- |
-- |
|
June - July (Dhul Qa’dah) |
26.51 |
-- |
-- |
|
July - Aug. (Dhul Hijjah) |
5.85 |
-- |
-- |
*Updated data.
Residential deals rose 370% YoY to SAR 15.87 billion. Similarly, the value of the commercial deals grew by 1,255% YoY to SAR 5.42 billion. The agricultural and industrial deals were valued at nearly SAR 1.99 billion last month.
The residential deals represented 68.2% of total real estate deals last month, while commercial deals and agricultural deals represented 23.3% and 8.5%, respectively.
|
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) |
13.03 |
9.63 |
(26%) |
3.22 |
2.69 |
(16%) |
|
Sept. - Oct. (Safar) |
12.73 |
8.11 |
(36%) |
2.58 |
3.02 |
+ 17% |
|
Oct. - Nov. (Rabi Al Awwal) |
11.85 |
10.51 |
(11%) |
2.68 |
6.75 |
+ 151% |
|
Nov. - Dec. (Rabi Al Thani) |
10.03 |
10.45 |
+ 4% |
3.89 |
6.63 |
+ 70% |
|
Dec. – Jan. (Jumada Al Awwal) |
10.40 |
9.45 |
(9%) |
2.61 |
3.42 |
+ 31% |
|
Jan. - Feb. (Jumada Al Thani) |
14.87 |
12.69 |
(15%) |
4.18 |
4.83 |
+ 16% |
|
Feb. - March (Rajab) |
10.15 |
14.42 |
+ 42% |
3.37 |
5.82 |
+ 73% |
|
March - April (Sha’ban) |
3.38 |
15.87 |
+ 370% |
0.40 |
5.42 |
+ 1248% |
|
April - May (Ramadan) |
4.66 |
-- |
-- |
0.75 |
-- |
-- |
|
May - June (Shawwal) |
8.96 |
-- |
-- |
4.39 |
-- |
-- |
|
June - July (Dhul Qa’dah) |
17.47 |
-- |
-- |
7.14 |
-- |
-- |
|
July - Aug. (Dhul Hijjah) |
4.18 |
-- |
-- |
1.14 |
-- |
-- |
|
Total |
121.70 |
-- |
-- |
36.37 |
-- |
-- |
*Updated data.
Land sale transactions accounted for nearly 90.2%, or SAR 20.99 billion, of the total realty deals in March - April 2021, followed by the agricultural land sales with a value of SAR 1.41 billion.
|
Real Estate Market Transactions by Type (SAR mln) |
||
|
Type |
Transaction Value |
Percentage to total |
|
Land plot |
20991.7 |
90.2% |
|
Agricultural land |
1410.1 |
6.1% |
|
Apartment |
381.4 |
1.6% |
|
Shopping mall |
187.7 |
0.8% |
|
Villa |
127.6 |
0.5% |
|
Showroom/shop |
113.1 |
0.5% |
|
House |
50.5 |
0.2% |
|
Building |
12.9 |
0.1% |
|
Utility |
1.5 |
0.01% |
|
Chalet |
1.3 |
0.01% |
|
Total |
23277.7 |
100 % |
Land space increased to 386.91 million square meters (sqm) during March - April 2021.
It rose 226% YoY to 1.85 billion sqm since August - September 2020 compared to the same period a year earlier, while it increased on a monthly basis in March - April 2021 by 98.86 million sqm.
|
Total area of Real Estate Market Transactions (mln sqm) |
|||
|
Month |
2019/2020 (1441) |
2020/2021 (1442) |
Variation |
|
Aug. - Sept. (Muharram) |
63.15 |
177.49 |
+ 181% |
|
Sept. - Oct. (Safar) |
108.04 |
139.59 |
+ 29% |
|
Oct. - Nov. (Rabi Al Awwal) |
72.46 |
216.74 |
+ 199% |
|
Nov. - Dec. (Rabi Al Thani) |
54.39 |
222.66 |
+ 309% |
|
Dec. – Jan. (Jumada Al Awwal) |
77.55 |
165.25 |
+ 113% |
|
Jan. - Feb. (Jumada Al Thani) |
118.63 |
253.43 |
+ 114% |
|
Feb. - March (Rajab) |
69.84 |
288.05 |
+ 312% |
|
March - April (Sha’ban) |
3.41 |
386.91 |
-- |
|
April - May (Ramadan) |
6.22 |
-- |
-- |
|
May - June (Shawwal) |
58.42 |
-- |
-- |
|
June - July (Dhul Qa’dah) |
179.17 |
-- |
-- |
|
July - Aug. (Dhul Hijjah) |
81.25 |
-- |
-- |
|
Total |
892.52 |
-- |
-- |
*Updated data.
Riyadh witnessed the largest number of real estate deals at SAR 10.38 billion. It was followed by Jeddah with SAR 3.08 billion worth of deals.
|
Real Estate Transactions in Major Cities in March- April(Sha'ban) (SAR bln) |
||||||
|
Residential |
Commercial |
|||||
|
City |
2019/2020 (1441) |
2020/2021 (1442) |
Variation |
2019/2020 (1441) |
2020/2021 (1442) |
Variation |
|
Riyadh |
780.5 |
7446.8 |
+854% |
101.8 |
2936.9 |
+2785% |
|
Jeddah |
204.4 |
2368.9 |
+1059% |
42.8 |
708.8 |
+1556% |
|
Dammam |
165.7 |
684.5 |
+313% |
27.8 |
270.9 |
+874% |
|
Madinah |
-- |
558.0 |
-- |
-- |
161.4 |
-- |
|
Makkah |
114.8 |
608.9 |
+430% |
3.8 |
85.7 |
+2155% |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}