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Saudi Arabia: Land deals go up by 65pct in 2012

Posted on 04 February 2013

The value of property deals rose by a massive 65 percent to SR 35 billion last year compared to 2011, according to figures released by the Ministry of Justice, a local newspaper reported.
A total of 25,000 deals were recorded involving 41 million square meters of land. In 2011, the value of land deals was recorded at SR 15 billion. Real estate operators and experts say this is a normal increase because of the massive construction taking place across the Kingdom……………………………………..Full Article: Source


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