How Saudi’s home-ownership drive supports its residential market – ZAWYA

How Saudi’s home-ownership drive supports its residential market – ZAWYA

In Riyadh, 7,500 units were delivered while in Jeddah 1,800 units were handed over. In Riyadh, average sales prices dropped 6 percent in Q1 2020 compared to Q1 2019, while average rental rates fell 2 percent according to the report.. In Jeddah, average sales prices dropped 7 percent and average rental rates fell 5 percent in Q1 this year.. In the retail sector, Q1 2020 rental rates came under pressure according to the report.. In Riyadh, average rental rates in regional and community malls in the first quarter of the year fell 7 percent year-on-year.. In Jeddah, average rental rates in super regional and regional malls retreated 12 percent..