تداولات متذبذبة في مطلع نوفمبر، الأراضي الاستثمارية والصفقات النوعية تقودان الصفقات العقارية Fluctuating Trading Activity at the Beginning of November: Investment Lands and High-Value Deals Drive Real Estate Transactions
At the beginning of this November, the Saudi real estate market witnessed an investment movement, characterized by sharp price and volume fluctuations that reflect the varying quality of executed deals, amid a state of anticipation and preparation for major alliances and projects that are expected to be announced in the second half of the month.
The Saudi real estate market witnessed investment activity at the beginning of November, characterized by sharp fluctuations in prices and transaction volumes, reflecting differences in the nature of completed deals. This activity took place amid anticipation and preparations for major partnerships and projects expected to be announced during the second half of the month.
The market opened this month's trading with an exceptional jump, as transactions recorded on Sunday, the first of November, the execution of 785 sales transactions with a total value of about 968.6 million riyals, driven by qualitative deals on investment lands with vast areas exceeding 7 million square metres.
The market opened the month with an exceptional surge, as property transfers recorded on the first Sunday of November reached 785 sales transactions, with a total value of approximately SAR 968.6 million. This was driven by significant deals involving large investment land plots covering more than 7 million square meters.
In the middle of the week, specifically on Wednesday, the daily liquidity turnover stabilized at 312.8 million riyals distributed over 712 real estate sales transactions. Despite the total value decreasing by 31.14% compared to the previous day, the traded areas recorded a remarkable growth of 25.2% to reach about 2.7 million square metres, which indicates that operations are moving towards peripheral plans and raw lands with large areas.
By midweek, specifically on Wednesday, daily real estate trading activity stood at SAR 312.8 million, distributed across 712 property sales transactions. Although the total value decreased by 31.14% compared with the previous day, the traded land area recorded a notable increase of 25.2%, reaching approximately 2.7 million square meters. This indicates a shift in transactions towards peripheral developments and large plots of undeveloped land.
At the level of specific deals, the highest liquidity prices per square meter were concentrated in the Holy Capital. The “Al-Masfalah” neighborhood in Mecca topped the trading by registering an exceptional deal for a vacant land worth about 6.9 million riyals, with a price per square meter exceeding 51.9 thousand riyals, given the high investment value of the central areas surrounding the Holy Mosque of Mecca.
Regarding high-value transactions, the highest liquidity per square meter was concentrated in the Holy City of Makkah. The Al-Misfalah district led trading activity with an exceptional transaction involving a vacant plot of land valued at approximately SAR 6.9 million, at a price exceeding SAR 51,900 per square meter. This reflects the high investment value of central areas surrounding the Grand Mosque.
This activity coincided with a noticeable recovery in the liquidation of estates and major electronic auctions supervised by the Enforcement and Liquidation Center (Enfead), such as the “Nawader Makkah” and “Wadi Opportunities” auctions, which contributed to the pumping of various properties and ensuring the flexibility of the movement of cash liquidity.
This activity coincided with a noticeable increase in estate liquidation sales and major online auctions supervised by the Support and Liquidation Center (Infath), including the “Nawader Makkah” and “Furas Al-Wadi” auctions. These auctions contributed to bringing a diverse range of properties to the market and maintaining the flexibility of cash flow.
