The Ejar Program in Saudi Arabia has announced that the rental index has registered more than 3.2 million rental transactions in the residential and commercial sectors, according to data recorded in residential and commercial lease contracts on the online rental services network.
“Ejar” explained that the rental index in the “Sakani” platform includes more than 16 cities in all regions of the Kingdom, and that the number of neighborhoods covered by the index exceeded 1,100 neighborhoods, distributed over: (Riyadh, Jeddah, Makkah Al-Mukarramah, Dammam, Madinah, Al-Khobar, Buraydah, Tabuk, Hail, Jizan, Abha, Sakaka, Najran, Al-Ahsa, Al Baha, and Arar), using search filters and interactive maps.
The beneficiaries of the residential and commercial real estate rental sector, including tenants, lessors, investors and real estate brokers, can view the rental indicators and know the average price values for the rental of housing units (floor – apartment – villa) or the average price per square meter for commercial units (shop – office – exhibition), in addition to the number of transactions Which took place during a specific date and in a specific neighborhood, by visiting the service page on the Sakani platform https://sakani.sa/reports-and-data, where the rental index includes rental deals in the years 2019, 2020, 2021, 2022.
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.
In its data, it relies on the input of residential and commercial lease contracts in the electronic network of rental services.
