Riyadh City
Real Estate General Authority (REGA) published the details of prices per square meter (sqm) for residential lands in a number of neighborhoods in Riyadh, Jeddah, Dammam, Madinah, and Makkah during the second quarter of 2021.
Riyadh:
Al Qayrawan neighborhood in Riyadh witnessed the highest increase in the average price/sqm for residential land, with prices rising 41% to SAR 3,930 in Q2 2021, compared to SAR 2,787 for the same period in 2020.
Meanwhile, price/sqm in Al Hamra district was the lowest by 24%.
Al Nakheel neighborhood was the highest in residential land prices in Riyadh during Q2 2021, at SAR 4,517/sqm, while the lowest was Al Ghanamiya neighborhood at SAR 258/sqm.
Jeddah:
Al Wafa district had the highest increase in average price/sqm of residential land during Q2 2021, by 40% to stand at SAR 816.
Meanwhile, price/sqm in Al Sheraa district in Jeddah was the lowest by 58%.
Al Shati neighborhood was the highest in residential land prices in Jeddah during Q2 2021, at SAR 4,258/sqm, while the lowest was Riyadh neighborhood at SAR 704/sqm.
Makkah:
Al Umrah had the highest rise in price/sqm of residential lands in Q2 2021, by 38% to reach SAR 827.
Meanwhile, Ash-Sharaʼiʽ neighborhood had the most decline by 67%.
Aziziyah had the highest prices for residential land in Makkah at SAR 2,721/sqm, while the lowest was Ash-Sharaʼiʽ neighborhood at SAR 223/sqm.
Madinah:
Al Khadra neighborhood had the highest increase in average price/sqm of residential lands during Q2 2021, by 47% to stand at SAR 615.
Meanwhile, price/sqm in Abu Markha district decreased by 49%.
Al Anahi neighborhood was the highest in residential land prices during Q2 2021 at SAR 3,217/sqm, while the lowest was Al Mindassah neighborhood at SAR 137/sqm.
Dammam:
Al Shula district had the highest increase in the average price/sqm of residential lands during Q2 2021, by 40% to reach SAR 1,999.
Meanwhile, price/sqm in Ar Rakah Ash Shamaliyah district had the most decline by 32%.
Al Shula neighborhood was the highest in residential land prices, reaching SAR 1,999/sqm, while the lowest was Al Fursan neighborhood at SAR 871/sqm.
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