AI Summary
Medinah
Real estate transactions in Madinah reached 3,414 deals worth SAR 2.71 billion in the first quarter of 2025, according to a report from Madinah Chamber of Commerce.
Residential properties accounted for about SAR 2.1 billion, followed by commercial deals at SAR 520 million and agricultural lands at SAR 124 million.
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Madinah’s Real Estate Deals in Q1 2025 |
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|
Property Type |
No. of Deals |
Value (SAR mln) |
Area (’000 sqm) |
Avg. Price per sqm (SAR) |
|
Residential |
3,149 |
2,064.2 |
2,439.6 |
846.1 |
|
Commercial |
234 |
520.8 |
286.2 |
1,816.3 |
|
Agricultural |
31 |
124.1 |
1,887.3 |
65.7 |
|
Total |
3,414 |
2,708.1 |
4,613.1 |
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The value of real estate transactions in the Madinah climbed to SAR 8.2 billion in 2024, marking a 19.5% year-on-year (YoY), the chamber of commerce said in its report, adding that residential land prices rose about 6% YoY during the same period.
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