The value of real estate transactions fell by 20% Y-o-Y in Jumada Al-Awwal (month ending 10 March 2016) to reach SAR24.6 billion. Value of residential transactions during the month fell by 38% Y-o-Y to reach SAR14.4 billion, while the commercial transactions rose by 42% to reach SAR10.2 billion, boosted by a rise in transactions closed in Jeddah (353% Y-o-Y to SAR5.1 billion) and Dammam (+79% Y-o-Y to SAR0.5 billion). The value of residential transactions fell across all cities, namely Jeddah (-35% Y-o-Y), Riyadh (-36% Y-o-Y), Mecca (-72% Y-o-Y), Dammam (-3% Y-o-Y), and Khobar (-2% Y-o-Y). (Argaam)