Saudi Arabia’s rental index recorded over 275,000 residential and commercial leasing deals in July, unchanged from the same month last year, Invest-Gate reports.

The index, calculated using reports and data from the online rental platform Ejar and the Sakani portal, covers over 160 Saudi cities and provinces.

July’s index saw a 15% monthly increase in residential deals and an 11% rise in commercial leases versus June, the Saudi Press Agency (SPA) reported.

The figures point to buoyant demand for rented accommodation and office space in the Kingdom.