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Saudi real estate indicator oscillates
Published in The Saudi Gazette on 11 - 03 - 2013

RIYADH – The Saudi real estate indicator for the last week saw fluctuations in the real estate deals all over the Kingdom, Al-Hayat daily reported Sunday.
In Riyadh, Jeddah, Buraidah, Jazan, Al-Khobar, Tabuk, Arar, Hafr Al-Batin, and Al-Zulafi, the indicator increased. However, in Makkah, Madinah, Dammam, and Al-Ahsa, the indicator decreased.
In its weekly report issued Saturday, the Ministry of Justice said the indicator increased in Riyadh by 42.96 percent. The total value of real estate deals exceeded SR4 billion.
In Jeddah, the indicator increased by 41.15 percent and the total value of real estate deals exceeded SR2.27 million. In Buraidah, the indicator increased by 12.28 percent and the total value of deals exceeded SR167 million.
In Jazan, it increased by 65 percent and the total value of deals reached SR25 million while in Al-Khobar it increased by 57.02 percent and the value of deals reached SR541 million.
In Tabuk, it increased 13 percent and the value of deals reached SR41.8 million whereas in Arar it increased 78.83 percent and the total value of deals was SR17,320,728.
In Hafr Al-Batin, it increased by 45.59 percent and the total value of deals was SR57 million. In Al-Zulafi, it increased by 50.9 percent and the total value of real estate deals was SR29.6 million.
In Al-Khafji, it increased by 12.8 percent and the total value of deals reached SR23 million. In Onaizah, it increased by 47.93 percent with the total value of SR70 million.
In Makkah, the indicator decreased by 3.45 percent and the total value of real estate deals exceeded SR2 billion. In Madinah, it decreased by 3.57 percent and the total value of real estate deals reached SR506 million.
In Dammam, it decreased by 3.13 percent and the total value of deals was SR594 million. In Al-Ahsa, it decreased by 39.93 percent and the total value of deals was SR154 million.
In Yanbu, it also decreased by 9.72 percent to SR98.7 million in total value. – SG


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