{"id":98382,"date":"2025-07-02T00:00:00","date_gmt":"2025-07-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/"},"modified":"2025-07-02T00:00:00","modified_gmt":"2025-07-02T00:00:00","slug":"madinah-property-market-heats-up-with-16-jump-in-2024-transactions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/","title":{"rendered":"Madinah property market heats up with 16% jump in 2024 transactions"},"content":{"rendered":"

Madinah\u2019s<\/strong> real estate sector saw a 16% y-o-y rise in property transactions in 2024<\/strong>, driven by increased investment activity and growing demand for housing and tourism-related projects, state news agency SPA<\/a> reported yesterday, citing a report by the Madinah Chamber.<\/p>\n

In 4Q 2024 alone, 2.5k transactions worth SAR 2.1 bn were completed<\/strong> across residential, commercial, and agricultural real estate sectors, compared to 1.6k transactions worth SAR 1.8 bn during the same period in 2023.<\/p>\n

The residential sector accounted for most of the growth<\/strong>, with 2.3k transactions totaling SAR 1.6 bn in 4Q 2024, with an average price of SAR 1.2 per sqm. In comparison, 4Q 2023 saw 1.4k residential transactions worth SAR 1.1 bn, with a higher average price of SAR 1.3k per sqm.<\/p>\n

Meanwhile, commercial real estate activity declined<\/strong>, with 237 transactions worth SAR 382.4 mn taking place in 4Q 2024, compared to 294 worth SAR 755.4 mn a year earlier. The average price per sqm also declined by 24% to SAR 2.1k over the same period.<\/p>\n

Agricultural land transactions also dropped:<\/strong> Only 18 transactions were recorded in 4Q 2024, valued at SAR 55.6 mn, with an average price of SAR 87 per sqm. This compares to 37 transactions in 4Q 2023 totaling SAR 29.3 mn, with an average of just SAR 15 per sqm.<\/p>\n","protected":false},"excerpt":{"rendered":"

Residential sales surged in the last quarter of 2024, while commercial and agricultural activity slowed<\/p>\n","protected":false},"author":1,"featured_media":98383,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2574],"tags":[10,2149,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam-ksa","tag-madinah","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"2051c042-ad94-4c5d-a19d-fbe4dd390921","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/125.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Madinah real estate transactions rise 16% in 2024","related_issue":[98370],"teaser":"Residential sales surged in the last quarter of 2024, while commercial and agricultural activity slowed","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.51307548-a318-4ce2-aec5-293ab4e792fe.mp3"},"yoast_head":"\nMadinah property market heats up with 16% jump in 2024 transactions - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madinah property market heats up with 16% jump in 2024 transactions\" \/>\n<meta property=\"og:description\" content=\"Residential sales surged in the last quarter of 2024, while commercial and agricultural activity slowed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/125.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Madinah property market heats up with 16% jump in 2024 transactions\",\"datePublished\":\"2025-07-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/\"},\"wordCount\":201,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/125.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"Madinah\",\"Real Estate\"],\"articleSection\":[\"REAL ESTATE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/madinah-property-market-heats-up-with-16-jump-in-2024-transactions\/\",\"name\":\"Madinah property market heats up with 16% jump in 2024 transactions - 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