Riyadh: the country
The rental index issued by the Ministry of Municipal, Rural Affairs and Housing recorded more than 257,000 rental deals during the month of March, in more than 160 cities and governorates that were added recently, to include all cities and regions of the Kingdom, within the reports and data issued by the electronic network for rental services “rent” in integration. With the “sakani” platform; Thus, the month of March became the highest recorded for rental deals since the launch of the index.
The beneficiaries of the real estate rental sector can view the results of evaluating the rental behavior of real estate brokers on the list of real estate brokers, and clarify the number of evaluators for the real estate broker, at the level of cities and neighborhoods in the rental index, as the evaluation of the rental behavior of the real estate broker at the current stage depends on the extent of the lessor’s satisfaction with the performance The real estate broker responded during the documentation of the contract, and the tenant evaluated his experience with the real estate broker during the lease contract and clarified the terms and conditions.
The rental index report for the month of March 2023 recorded residential rental deals on units (apartments, floors, villas) that exceeded 202 thousand deals, while commercial rental deals for commercial units (shops, trade fairs, offices) recorded more than 54 thousand deals.
The rental index aims to achieve transparency and stimulate investment in the rental real estate sector in the Kingdom, by setting specific rental indicators for cities, neighborhoods, and different types of real estate, both residential and commercial, where it is possible to identify the price ranges of residential units, and to search for neighborhoods that include residential units in a price range determined by the beneficiary. And reviewing the number of rental deals on residential and commercial units in the designated neighborhood during the specified period, the average rental values, and clarifying the price range of residential deals, and reviewing them through a graph, in the framework of supporting the beneficiaries and contributing to raising the efficiency of the market in line with the objectives of the housing program – one of the programs The Kingdom’s Vision 2030 -, and the index can be accessed through the “sakani” platform via the link: https://sakani.sa/reports-and-data.
Posted by Albilad Newspaper
The first Saudi newspaper was founded by: Muhammad Saleh Nassif on 11/27/1350 AH corresponding to April 3, 1932 AD. It was reissued under the name (Saudi Arabia) on 1/4/1365 A.H. 3/4/1946 A.D.