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Dammam registers 3,944 property deals since the start of 1437

Saudi Arabia - February 28, 2016

Dammam came first in respect of the most active real estate markets in the Eastern Region. The city witnessed 3,944 deals since the start of the new Hijri year with a total value of 5.3 billion SAR.

According to the statistics issued by the Ministry of Justice, the total number of property deals sealed in the Eastern Region since the start of the year reached 16,887 deals. The residential sector took over the biggest share with 14,330 deals with a total value of 12.9 billion SAR, the commercial sector registered 2,339 deals of 5.7 billion SAR.

The real estate deals in Dammam this year included 2986 land plots with a total value 4.6 billion dirhams. The residential apartments had the biggest share with 842 deals worth 525 million SAR.

As for lands prices, the registered average price reached 1.5 million SAR as the average square meter price hit 1211 SAR. Ahsaa came second in the Eastern Region with 3436 deals of 2.9 billion SAR while Hafr Al Baten came third with 1901 deals worth 298 million SAR, Al Khobar came fourth, and Al Qateef in the last place.

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