Saudi property liquidity higher ahead of Eid

The market primarily benefited from a 15.6% weekly increase in the value of the commercial sector deals

  
Riyadh, Saudi Arabia. Image used for illustrative purpose.

Riyadh, Saudi Arabia. Image used for illustrative purpose.

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RIYADH: The Saudi real estate market recorded a 6.2 percent rise in weekly activity to reach SR4.1 billion ($1 billion) after earlier declines.


The market primarily benefited from a 15.6 percent weekly increase in the value of the commercial sector deals, to just under SR1.2 billion by the end of last week, Al Eqtisadiah reported.

Housing sector deals recorded a 2.8 percent weekly increase to nearly SR2.6 billion.

Agricultural and industrial deals also increased by 2.3 percent to SR344 million.

The number of real estate transactions gained 1.4 percent to 5,600, the newspaper reported.

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