Saudi rental index rises by 22% in September

RIYADH: Saudi Arabia’s rental index rose by 22 percent in September 2023, compared to the same period last year, according to official statistics.

Over 294,000 residential and commercial rental transactions were documented in September 2023, as reported by the electronic rental service network Ejar, connected to the Sakani platform, covering 160 cities and regions nationwide.

The statement added that the September rental index witnessed a 15 percent decrease in residential transactions compared to August.

There were 233,000 transactions in September, with commercial rentals accounting for approximately 61,000. This marked a 6 percent decrease compared to August.