The General Index of the Value of Residential Real Estate Transactions in the Kingdom continues to decline after registering a decline of 4.4% in the fourth quarter of 2022 from the previous quarter, stabilizing at SAR 24.4 billion, and recalling that the index recorded a decline in the previous quarter of 29%. The number of residential real estate transactions also declined, with 33,496 transactions recorded, down 11.2% from the previous quarter. Riyadh Capital City continued to top the list of cities in terms of the value of residential real estate deals, winning 37.5% of the total value of transactions in the Kingdom followed by the city of Jeddah with 9% and then Dammam 7.8%. In terms of the number of residential real estate deals, the city of Buraydah was dissolved by 5% after Riyadh and Jeddah from the total number of deals in the Kingdom.
