The total value of the residential sales transactions were SAR9.3bn in the period from 05 July to 03 August (-9.7% M-o-M, -30% Y-o-Y YTD), according to data posted by the Ministry of Justice. The value of sale of land plots was SAR8.1bn during the month (-4.7% M-o-M, -28% Y-o-Y YTD). The total area was 98.1mn sqm (-30% M-o-M, +234% Y-o-Y YTD), while the average selling price of land was SAR82.8/sqm (+36% M-o-M, -67.7% Y-o-Y). (Bloomberg)
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