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The value of real estate rental deals in the Medina region amounted to 4.52 billion riyals during the first nine months of 2026, through the implementation of 205,307 deals, with an average of about 22,000 riyals for the deal, while the third quarter recorded the highest number of deals since the beginning of the year, although its total value remained below the level of the first quarter, according to the reports of the General Authority for Real Estate.
The third quarter records 75.3 thousand rental deals
The number of real estate rental deals in the Medina region increased to 75,344 during the third quarter of 2026, compared to 64,681 in the second quarter, an increase of 10,663 deals, and a growth of 16.5%.
The third quarter accounted for about 36.7% of the total deals executed during the first nine months, compared to 65,282 in the first quarter and 64,681 deals in the second quarter.
The value of deals rises 38.4% during the third quarter
The value of real estate lease deals in the Medina region recorded about 1.59 billion riyals during the third quarter, compared to about 1.15 billion riyals in the second quarter, an increase of 38.4%, an increase of about 442 million riyals.
Despite this rise, the value of deals during the third quarter remained 10.4% lower than the first quarter, which recorded about 1.78 billion riyals, and accounted for 39.3% of the total value of deals during the first nine months.
These figures indicate that the third quarter experienced greater activity in terms of the number of trades, while the first quarter retained the lead in terms of the total value of rental transactions.
On the monthly averages, the average value of the real estate lease deal in the Medina region fell to 19,219 riyals in September 2026, compared to 24,729 riyals in January, a decline of 22.3%.
February recorded the highest monthly average during the period at 30,549 riyals, before falling to 25,889 riyals in March, and then to 18,932 riyals in April.
The average reached its lowest level in May at 13,664 riyals, before rising to 20,405 riyals in June and 22,420 riyals in July, and then falling to 21,494 riyals in August and 19,219 riyals in September.
The average value of the lease deal during the first nine months was about 22,002 riyals.
Disparity between the number and value of transactions
Medina data reveals a disparity in rental market movement during 2026; the number of deals in the third quarter increased to the highest level of the quarter, while its total value remained below the first quarter.
The data also shows that the high number of trades is not necessarily accompanied by a similar appreciation in its value as a result of the difference in the average value of contracts recorded between periods.
The change in the average value of the transaction does not necessarily reflect a rise or fall in the rental prices of similar real estate, as the average is affected by different types of real estate, its locations and the duration of registered contracts.
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