Real Estate Indicators Platform
If you want to talk about the Real Estate Indicators Platform, the General Authority for Real Estate in Saudi Arabia plays a key role in supporting the real estate sector and providing necessary information for investors. The authority provides various support and regulatory services to the public through several platforms, including the Saudi Real Estate Institute and the Real Estate Arbitration Center, in addition to other platforms that include property unit sorting and property ownership.
The Real Estate Indicators Platform provides the latest statistics and real estate information for various geographical areas and all types of properties in the Kingdom. Here’s a detailed explanation of the Real Estate Indicators Platform, highlighting how to use it to benefit from the available real estate data and statistics, enabling investors to make informed decisions in the real estate investment field.
The platform’s role covers a time period starting from the first quarter of 2008 and extends to the present time. The indicators and data displayed on the platform are regularly updated every quarter, contributing to providing users and those interested in the real estate field with up-to-date and accurate information.
What is the Real Estate Indicators Platform?
The Real Estate Indicators Platform is one of the electronic service platforms managed by the General Authority for Real Estate in the Kingdom of Saudi Arabia. It collaborates with the Saudi Ministry of Justice to provide updated and reliable real estate information. The platform offers comprehensive and accurate data and statistics on real sales and rental transactions that have been legally registered with the Ministry of Justice.
These data and statistics are presented in graphical charts and numbers, illustrating real estate activity across various regions, cities, and neighborhoods within the Kingdom. On the other hand, investors can use this platform to analyze the real estate market and make informed investment decisions. They can also choose the desired time period and geographic scope to obtain the required data.The platform displays various real estate transactions such as apartments, villas, buildings, residential and commercial lands, making it easier for investors to understand market trends and make appropriate investment decisions.
The types of statistics displayed on the Real Estate Index platform
- Real Estate Sales Indices
This index indicates the following:
Average Selling Price per Square Meter: Through the Real Estate Indicators Platform, the Saudi Real Estate Authority provides the average value per square meter of the property within the specified geographical range and during the specified period, after reviewing and analyzing the data provided by the Ministry of Justice. This data includes information that has been filtered to exclude abnormal transactions and ensure the accuracy of the data provided to support investment decisions.
Total Value of Sales Transactions: The platform displays the total value of real estate transactions in the specified area and period, clearly presented with numbers and graphical representations illustrating the volume of transactions and their total value based on data officially recorded in the Ministry of Justice.
Number of Transactions: The platform displays the number of real estate transactions executed within the specified geographical area during the given period, indicating the volume of real estate trading and the number of units sold for the specified property types, after specifying the conditions for the location, period, and type of property.
- Rental Indicators
Average Rent: Displays the average rental value for residential units or the average rental value per square meter for commercial units within the specified geographical area and during the specified period. This relies on data available on the rental platform affiliated with the authority, which is analyzed to obtain accurate information about the rental sector.
Number of Lease Contracts: The indicator provides the total number of registered and executed lease transactions for this type of property within the specified geographical area during the specified period. This information comes from the same platform, where lease contracts and related rental data are recorded and documented.
Image Real Estate Indicators Website
How to Use the Real Estate Indicators Website
- Go to the official website of the Saudi Real Estate General Authority.
- Click on “Electronic Services for Real Estate Mediation” located at the top of the homepage to navigate to the dedicated page.
- Upon entering this page, click on “Real Estate Indicators” to access the page dedicated to this service.
- On the new page, there are two sections, both of which take you to the real estate indicators page in cities and regions. Choose between “Sales Indicators” or “Rental Indicators” according to your needs.
- Select the type of statistics required and the desired time period to search, which ranges from previous years.
- Choose the specific area by clicking on the arrow and selecting the desired area from the menu.
- Choose the type of property for which you want to know the statistics.
- The platform will display all the selected data and statistics for the specified period, and you can adjust the timeline to change the displayed time period.
- You can specify the number of years to focus on specific statistics.
With these steps, you can access the real estate information and statistics you need through the Real Estate Indicators website of the Saudi Real Estate General Authority.
What are the objectives of the Real Estate Indicators platform?
The objective of the Real Estate Indicators platform is to provide real estate market information to everyone by continuously updating and making it available, thereby promoting transparency in the real estate market in the Kingdom of Saudi Arabia.
The entities responsible for the Real Estate Indicators platform
Collaboration between governmental entities in the Kingdom of Saudi Arabia has led to the establishment of this platform, which includes the following:
- General Authority of Real Estate
- Ministry of Justice
- Ministry of Economy and Planning
- General Authority for Statistics
- Ministry of Municipal and Rural Affairs and Housing
What are the indicators and elements available on the platform?
The indicators displayed on the platform vary to include all aspects of the Saudi real estate market, and they are divided into multiple categories.
Price Indicators include:
- Average price per square meter for sale
- Percentage change in average price per square meter for sale
- Total value of sales transactions
- Average value of sales transactions
- Deal Indicators
- Area
- Average apartment rent by number of rooms
- Percentage change in average apartment rent by number of rooms
- Average villa rent
- Percentage change in average villa rent
- Rental activity
- Average price per square meter for commercial unit rent
These indicators work to provide a comprehensive and updated overview of the performance and movement of the real estate market in the Kingdom of Saudi Arabia, facilitating investors and stakeholders in this sector to make informed decisions based on accurate data.
Non-price indicators:
These are represented by time indicators that help access information about real estate transactions stored in databases, and these indicators are:
- Number of sales transactions
- Percentage change in average property area
- Average property area
- Total number of contracts under the rental system
- Number of active contracts under the rental system
- Number of apartments under the rental system
- Number of commercial units under the rental system
- Number of buildings under the rental system
- Number of lands
Stock indices and real estate funds include:
- Share volume
- Net assets
Real estate maps include:
- Riyadh
- Dammam
- Jeddah
- Al-Madinah
- Makkah
In conclusion, If you’re looking for assistance with the Real Estate Indicators Platform, Bin Saedan provides valuable insights to help you explore its features and maximize its potential.