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Abstract

This paper sheds light on analyzing the effect of educational uses on rental prices of neighboring residential properties by applying a case study of Al-Aqiq neighborhood in the city of Riyadh. The research seeks to examine the extent of the existence of a relationship between the educational uses and the neighboring residential properties, depending on the distance factor within a range of 150 meters. The research used field survey tools and interviews with real estate marketers in Al-Aqiq district in Riyadh, and data were entered in a quantitative manner that can be measured in the SPSS statistical analysis program. The results of the study showed that there is an effect of educational uses on residential real estate according to the distance factor, as the rental value of the real estate decreases as the distance from the school increases. When applying the correlation coefficient to schools, the result was that the distance of schools reduces the rental price of residential real estate, and that the proximity of schools to real estate represents an added value that affects economically, and this is contrary to the result of field interviews with real estate marketers, which were characterized by neutrality. The study recommended the need to expand the conduct of similar studies to include measuring factors other than the distance, such as the quality of educational uses, the type of school, and population density.

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