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FINANCIAL NEWS
Prices of residential units in Jeddah jump by 30pct
25 Aug 2016
(MENAFN) Rental prices of residential units in Jeddah increased to 30 percent, due to the growth in building materials prices, such as steel and cement.
Accordingly, the residential unit price between new and old properties range from SR2.000 to SR5.000 amid the same neighborhood.
The increase was attributed to many reasons, like the dependent on the property sites, the whole area of the apartment and number of rooms and toilets.
In addition, the property owners took advantage of the rise in prices, when they renew the rental prices amid one or two years and increase prices from SR1.000 to SR2.500.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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