Some real estate specialists said that the per square meter price of land in southern Riyadh has jumped by 20% over the past eight months.
The specialists added the demand for land in southern Riyadh continues to increase due to future advantages most of which an announcement by the Governor of Riyadh, Abdul Aziz Ibn Mohammed Eyaf Al-Miqren, to establish a new public sale market over a 500,000 square meter area, which urged real estate investors to arrive into the region. In addition, the establishment of a number of big projects, such as the southern circular railway and a decision by the Saudi Public Transport Company (SAPTCO) to move its headquarters into southern Riyadh, had positive impacts on the local land prices.
