Riyadh city
The value of Saudi Arabia's real estate transactions increased 12%, or SAR 24.3 billion, year-on-year (YoY) to SAR 221.5 billion over the year starting from Aug. 9, 2021 (1443 Hijri year), Ministry of Justice data showed.
The value of real estate deals hit the highest level in six years, or since 2015/2016 (1437 Hijri year), when it reached SAR 281.1 billion.
The number of the real estate transactions over the 12-month period stood at around 250,200, while the total real estate units sold was 260,700.
|
Real Estate Transactions Since Hijri-1430* (SAR bln) |
|||
|
Year |
Value |
Change (Value) |
Change (%) |
|
1430 (2007/2008) |
83.08 |
-- |
-- |
|
1431 (2009/2008) |
127.61 |
+44.53 |
+54% |
|
1432 (2010/2011) |
167.00 |
+39.39 |
+31% |
|
1433 (2011/2012) |
203.62 |
+36.62 |
+22% |
|
1434 (2012/2013) |
374.95 |
+171.33 |
+84% |
|
1435 (2013/2014) |
428.03 |
+53.08 |
+14% |
|
1436 (2014/2015) |
358.72 |
(69.31) |
(16%) |
|
1437 (2015/2016) |
281.10 |
(77.62) |
(22%) |
|
1438 (2016/2017) |
199.74 |
(81.36) |
(29%) |
|
1439 (2017/2018) |
169.09 |
(30.65) |
(15%) |
|
1440 (2018/2019) |
161.49 |
(7.60) |
(4%) |
|
1441 (2019/2020) |
163.61 |
+2.12 |
+1% |
|
1442 (2020/2021) |
197.17 |
+33.56 |
+21% |
|
1443 (2021/2022) |
221.46 |
+24.29 |
+12% |
*Updated Data.
Real estate transactions increased over a nine-month period, recording a hike of 37% in Dhul Qa’dah and 35% in Jumada Al Awwal.
Meanwhile, the value of the real estate deals declined over the remaining three months, with a drop of 19% in Sha’ban.
|
Total Value of Real Estate Market Transactions (SAR bln) |
|||
|
Month* |
2020/2021 (1442) |
2021/2022 (1443) |
Change |
|
Muharram |
13.15 |
15.54 |
+18% |
|
Safar |
11.74 |
14.58 |
+24% |
|
Rabi Al Awwal |
18.15 |
18.10 |
(0.3%) |
|
Rabi Al Thani |
18.69 |
18.02 |
(4%) |
|
Jumada Al Awwal |
14.42 |
19.43 |
+35% |
|
Jumada Al Thani |
18.72 |
22.25 |
+19% |
|
Rajab |
23.12 |
24.05 |
+4% |
|
Sha’ban |
23.28 |
18.83 |
(19%) |
|
Ramadan |
15.17 |
17.12 |
+13% |
|
Shawwal |
11.65 |
14.74 |
+27% |
|
Dhul Qa’dah |
17.27 |
23.69 |
+37% |
|
Dhul Hijjah |
11.81 |
15.11 |
+28% |
|
Total |
197.17 |
221.46 |
+12% |
*Updated data
Land sale deals represented nearly 87.8%, or SAR 194.35 billion, of total real estate deals over the 12-month period.
|
Real Estate Market Property by Type (SAR bln) |
||
|
Property Type |
Total |
Percentage to total (%) |
|
Plot of land |
194.35 |
87.8% |
|
Apartment |
14.19 |
6.4% |
|
Agricultural land |
9.64 |
4.4% |
|
Utility |
1.78 |
0.8% |
|
Villa |
0.56 |
0.3% |
|
House |
0.36 |
0.2% |
|
Shopping mall |
0.35 |
0.2% |
|
Showroom/shop |
0.14 |
0.1% |
|
Building |
0.05 |
0.02% |
|
Chalet |
0.02 |
0.01% |
|
Palace |
0.02 |
0.01% |
|
Total |
221.46 |
100.0% |
Land space grew 7% YoY to 2.91 billion square meters last year.
|
Real Estate Market Properties Areas (SQM) |
|||
|
Month |
2020/2021 (1442) |
2021/2022 (1443) |
Variation |
|
Muharram |
172.27 |
410.64 |
+138% |
|
Safar |
128.17 |
402.89 |
+214% |
|
Rabi Al Awwal |
208.79 |
446.19 |
+114% |
|
Rabi Al Thani |
217.30 |
511.85 |
+136% |
|
Jumada Al Awwal |
136.52 |
358.09 |
+162% |
|
Jumada Al Thani |
225.35 |
121.75 |
(46%) |
|
Rajab |
245.04 |
129.45 |
(47%) |
|
Sha’ban |
343.35 |
115.46 |
(66%) |
|
Ramadan |
240.17 |
80.91 |
(66%) |
|
Shawwal |
275.76 |
88.75 |
(68%) |
|
Dhul Qa’dah |
272.53 |
131.27 |
(52%) |
|
Dhul Hijjah |
254.01 |
110.51 |
(56%) |
|
Total |
2818.25 |
2907.77 |
+7% |
Riyadh saw the largest number of real estate deals at SAR 91 billion. It was followed by Jeddah with SAR 37.1 billion worth of deals.
|
Real Estate Transactions in Major Cities (SAR bln) |
|||
|
City |
Residential |
Commercial |
Total |
|
Riyadh |
53.2 |
37.8 |
91.0 |
|
Jeddah |
25.2 |
11.9 |
37.1 |
|
Makkah |
8.4 |
6.7 |
15.1 |
|
Dammam |
6.6 |
2.9 |
9.5 |
|
Madinah |
5.1 |
1.5 |
6.6 |
|
Al Khobar |
4.8 |
1.3 |
6.1 |
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