Riyadh, Saudi Arabia – The Saudi real estate market exhibited strong performance yesterday, Monday, with a total of 1,461 transactions recorded. The total value of these transactions exceeded 1.5 billion Saudi Riyals, involving a traded area of over 8 million square meters.

The highest price per square meter recorded on the real estate exchange yesterday was 17,470 Saudi Riyals, while the average price per square meter stood at 190 Saudi Riyals.

Most Active Neighborhoods Al Ramal neighborhood in Riyadh topped the list of the most actively traded neighborhoods in Saudi Arabia on the real estate exchange, with transaction values exceeding 84.8 million Saudi Riyals. Sidra followed closely with transaction values surpassing 53 million Saudi Riyals.

Janadriyah neighborhood secured the third position with transactions worth over 34.4 million Saudi Riyals, followed by An-Nizām in fourth place with transactions amounting to more than 29.2 million Saudi Riyals. Ain Al-Sih in Al-Azizyah, Al-Khobar, rounded out the top five with transactions exceeding 21.1 million Saudi Riyals.

This surge in activity indicates a robust demand for real estate in the Kingdom, driven by economic growth and government initiatives.