Saudi Arabia's real estate deals hit 1.03M in Q1 2023

Justice Ministry headquarters

The number of real estate transactions stood at 1.03 million in the first quarter of 2023, the Saudi Justice Ministry's data showed.

 

According to the ministry's data, the real estate transactions included registrations, compensations, amendments to old deeds, and updating manual deeds, in addition to merging properties, deeds, grants, and mortgages.

 

Riyadh topped the list with around 934,700 transactions, followed by Makkah with around 34,800 transactions, as shown in the following table:

 

Real Estate Deals by Province in Q1 2023

Province

No. of Deals (‘000) 

Riyadh

934.7

Makkah

34.8

Eastern Province

18.1

Virtual Notary Public-Riyadh

8.1

Asir

6.6

Qassim

6.5

Madinah

5.0

Hail

3.1

Jazan

2.4

Tabuk

2.1

Al Jouf

1.3

Najran

1.1

Northern Borders

0.9

Al Baha

0.8

Total

1,028.5
 

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