Real estate prices in Saudi Arabia declined 8.7% Y-o-Y in 2016, according to official data, as reported by Gulf News. Residential prices dropped 7.4% in 4Q16 compared to a year earlier, the General Authority for Statistics’ Real Estate Price Index showed, while commercial real estate prices tumbled 12.3%. Residential prices slid 3.4% Q-o-Q in 4Q16 and commercial prices fell 4.1%. (Gulf News)
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