The average property sale price across the Kingdom increased by 32% last week, with 4,672 transactions completed at a total value exceeding SAR 4.5 billion, and an average of SAR 136 per square meter.
This compares with 4,188 transactions worth SAR 3.288 billion and an average of SAR 103 per square meter recorded the previous week, according to monitoring by Akhbaar24.
Major cities recorded the following performance:
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Riyadh: 492 transactions worth SAR 671 million, with an average of SAR 935 per square meter (down 62% from the previous week).
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Jeddah: 880 transactions exceeding SAR 1 billion, averaging SAR 3,247 per square meter.
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Mecca: 188 transactions worth SAR 154 million, with an average of SAR 641 per square meter.
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Medina: 199 transactions totaling SAR 174 million, averaging SAR 408 per square meter.
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Dammam: 129 transactions valued at SAR 151 million, with an average of SAR 2,276 per square meter.
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Abha: 63 transactions worth SAR 44 million, averaging SAR 698 per square meter.
The most traded district was Mareekh in Jeddah with 64 transactions, followed by Al Waha (59), Al Abdaliyah in Al-Bada’i (58), Al Yaqout in Jeddah (55), and Al Safa in Jeddah (48).
