Saudi Ministry of Justice indicated that the number of the mortgaged properties reached nearly 48,320, or 140 new additions per day, during the last Hijri year, El Eqtisadiah newspaper reported.
Riyadh Justice Department accounted for the largest share of the mortgaged properties at nearly 56.4%, or about 27,200 mortgaged properties, followed by Makkah (5,790) and Eastern Province (4,696).
Mortgaged Properties in 1444H
| ||
Region | No. of Mortgaged Properties (‘000)
| Percentage of Total
|
Riyadh | 27.2
| 56%
|
Makkah | 5.79
| 12%
|
Eastern Province | 4.70
| 10%
|
Qassim | 2.76
| 6%
|
Asir | 2.11
| 4%
|
Madinah | 2.10
| 4%
|
Hail | 1.33
| 3%
|
Tabuk | 0.72
| 1%
|
Al Jouf | 0.46
| 1%
|
Northern Borders | 0.47
| 1%
|
Jazan | 0.41
| 1%
|
Al Baha | 0.18
| 0.4%
|