Saudi Real Estate Deals Decline 31% in Ramadan

Monday, 3rd July 2017

Saudi Arabia’s real estate transactions fall by 31% y-o-y in the holy month of Ramadan, Argaam reports.

Real estate transactions are valued at SAR 12.5 bn in Ramadan, according to official data.

The value of real estate deals fell by 30% in the nine-month period from October 2, 2016 till May 27, 2017 to SAR 162.2 bn, compared to SAR 230.5 bn in the prior-year period.

Residential deals declined 16% y-o-y to SAR 8.7 bn in Ramadan, while commercial deals levelled down 51% y-o-y to SAR 3.8 bn.

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