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Al-Jawf tops real estate gains at 10.4%
The article discusses the rise of the Saudi real estate market index over the year, with a 1.3% increase on an annual basis, primarily supported by rising prices of agricultural and residential land. Al-Jouf region recorded the highest annual growth rate at 10.4%, followed by the Northern Borders at 4.6%, then Riyadh at 4.2%. Conversely, prices in some areas declined, such as Medina by 4.5% and the Eastern Province by 2.5%. At the sector level, the agricultural sector experienced the highest growth at 11.3%, while the commercial sector declined by 3.2%. In the real estate market itself, residential land values increased by 6.3%, whereas villas saw a decrease of 9.7%. Overall, property prices continue to fluctuate unevenly across regions and sectors, with strong ongoing demand for land.
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