Ministry: Riyadh sees 37% rise in new housing units in June

26/07/2022 Argaam

Logo of Ministry of Municipal Rural Affairs and Housing

The number of new housing units in Riyadh witnessed a rise of 37% year-on-year (YoY) during June, reaching 4,826 units, according to a report issued by the Decision Support and Artificial Intelligence Center at the Ministry of Municipal Rural Affairs and Housing.

 

The average number of Riyadh’s new housing units amounted to 5,163 units per month in the first half of 2022.

 

Accordingly, the number of new units grew 8% YoY by the end of H1 2022, the ministry said.

 

In 2021, Riyadh registered a 9% YoY rise in total new housing units, amounting to 61,310 properties. The index showed the best performance in December 2021, reaching 6,681 housing units.

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