Eastern Province records 28,000 real estate transactions in 9 months

RIYADH: The volume of real estate transactions in the Kingdom’s Eastern Province reached 28,000 worth SR36 billion ($9.6 billion) by the end of the third quarter, said a top official.

Abdullah Saud Al-Hammad, CEO of the Real Estate General Authority, noted that 45 percent of these transactions involved commercial real estate properties. In comparison, 39 percent were residential properties, the Saudi Press Agency reported.

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