Real Estate Prices in the Western Region: Jeddah, Mecca, and Medina!

Real Estate Prices in the Western Region: Jeddah, Mecca, and Medina!

The Western Region of Saudi Arabia, especially the major cities of Jeddah, Mecca, and Medina, is considered one of the most active regions in the real estate market. Real estate prices vary greatly depending on many factors, starting with location and area and up to the type of property and its facilities. In this comprehensive guide, we will review together the latest real estate prices in the Western Region, relying on reliable data from experts at Afaq Real Estate Academy.

[Image: Panorama of Jeddah showing various residential buildings]

Real Estate Prices in Jeddah: The Jewel of the Red Sea

Jeddah is known as a vibrant cosmopolitan city, which is greatly reflected in its real estate prices. Prices vary widely depending on the location. For example, apartment prices in upscale neighborhoods such as Al-Zahia and Al-Salama are much higher than apartment prices in popular neighborhoods. Also, villa prices in Jeddah, especially those located on the waterfront, are considered among the highest in the Kingdom.

Apartments in Jeddah:

Apartment prices in Jeddah range from 500,000 Saudi Riyals for small apartments in popular neighborhoods to 5,000,000 Saudi Riyals or more for luxury apartments in upscale neighborhoods. Prices are affected by the size of the apartment, the number of rooms, the presence of parking spaces, and its exact location.

Villas in Jeddah:

Villa prices in Jeddah are much higher than apartment prices. Villa prices can start from 1,000,000 Saudi Riyals for small villas in neighborhoods far from the center, while exceeding 10,000,000 Saudi Riyals for the vast majority of luxury villas located in strategic locations.

[Image: A collection of pictures of various villas and apartments in Jeddah]

Real Estate Prices in Mecca: The City of the Two Holy Mosques

Mecca is considered a holy city, which gives it a unique character. Real estate prices there are generally high, and are greatly affected by the proximity of the property to the Grand Mosque. Demand for real estate in Mecca increases during Hajj and Umrah seasons, which directly affects prices.

The Impact of the Grand Mosque on Prices:

The closer the property is to the Grand Mosque, the higher its prices are significantly. Hotels and hotel apartments near the Grand Mosque are among the most expensive properties in the city.

[Image: View of the Grand Mosque with buildings around it]

Real Estate Prices in Medina: The City of the Prophet

Medina is characterized by its historical beauty and spirituality, which increases the attractiveness of its real estate market. Real estate prices in Medina are relatively lower than Jeddah and Mecca, but they are still high compared to other cities in the Kingdom. Prices also vary depending on the proximity of the property to the Prophet’s Mosque.

The Impact of the Prophet’s Mosque on Prices:

Real estate prices near the Prophet’s Mosque are higher than those located in remote neighborhoods, due to the increasing demand for these properties by visitors and pilgrims.

[Image: View of the Prophet’s Mosque with buildings around it]

Factors Affecting Real Estate Prices in the Western Region

Real estate prices in the Western Region are affected by many factors, including:

• Location: Location is one of the most important factors affecting the price, where prices rise in upscale neighborhoods and major cities.

• Area: The larger the area of ​​the property, the higher its price.

• Property Type: Apartment prices differ from villa prices and land prices.

• Facilities: The facilities and services available in the property increase its value and price.

• Property Condition: New and well-maintained properties are more expensive than old and dilapidated properties.

• Supply and Demand: Increasing demand for real estate in a particular area affects its prices.

Tips from Experts at Afaq Real Estate Academy

“Those wishing to buy a property in the Western Region should study the market well and consult with specialized experts before making any decision. It is advisable to look for properties that suit their needs and budget, and to take into account all factors affecting real estate prices.” - An expert at Afaq Real Estate Academy.
Afaq Real Estate Academy provides intensive training courses and workshops that help those interested in understanding the real estate market better and making sound investment decisions. {Link: Afaq Real Estate Academy website}

[Video: A short video about tips from Afaq Real Estate Academy experts for buying a property]

Case Study: Analysis of Land Prices in Jeddah Over the Past Five Years

A study conducted by Afaq Real Estate Academy showed a significant increase in land prices in Jeddah over the past five years, by approximately 15%. This increase is mainly due to the increasing demand for residential and commercial land in the city, in addition to the large real estate development projects witnessed by Jeddah.

[Table: A table showing the case study data with specific numbers and data]

Real Estate Investment in the Western Region: Opportunities and Challenges

The Western Region is considered one of the most attractive areas for real estate investment in the Kingdom, but it also presents some challenges. Investors are advised to look for properties with high growth potential and to deal with reputable real estate companies. All economic and social factors must also be taken into account.

[Image: A graph showing the growth rates of real estate investment in the Western Region]

Our website offers a service {Link: Property Valuation Website} for accurate valuation of your property.

For more detailed information about real estate prices in the Western Region, we advise you to visit our website or contact Afaq Real Estate Academy experts.

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