General Report on the Actual Financial Results of the Traded Properties in the Kingdom During the 1st Half (January-June) 2007

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The property sector plays a vitally important and instrumental role in economic activities on the global scene, and it is considered one of the active  and effective investment tools affecting the income of countries, both regionally and internationally.

Given the open door economic policies followed by the Kingdom as a premier financial hub in the region, as well as the flexible legislation and regulations regulating the trading of properties, trends and indicators of traded properties are increasingly growing, with the total number of properties traded until the end of the first half of this year reaching BD 582,502,549, against BD 399,451,896 in the corresponding period of last year, an increase of 31%.

Record Trading Figures in the First Half

The month of June witnessed the highest number of traded properties during the first half of this year and last year, with the value of traded properties standing at BD 141,044,200 against BD 194,024,474 last year.

Traded Properties by Gulf Nationals and Foreigners:

The percentage of properties traded by non-citizens in the Kingdom during the first half of the year 2007 stood at 7% of the total number of properties traded, against 8% last year.

Number of Properties

Investors

Value of Properties

%

8,490

Bahrainis

540,305,654

93%

58

Saudis

27,027,800

4.6%

22

Kuwaitis

8,012,464

1.3%

10

Qataris

1,958,716

0.3%

6

Omanis

955,767

0.2%

2

Emiratis

187,113

0.03%

16

Foreigners

4,055,035

0.6

8,604

Total

582,502,549

100%

 

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  • Traded Properties by Gulf Nationals and Foreigners
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