Saudi real estate trends post-balancing decisions

A slight decline in real estate prices in Saudi Arabia occurred during the third quarter of 2026, with an annual increase of 1.2%. Both the residential and agricultural sectors experienced a slowdown, while the commercial sector saw a decrease. Residential property prices specifically dropped by 0.3 percentage points to 2.3%, land prices rose by 4.9% but then decreased by 1.4 percentage points, and prices of villas declined for the fourth consecutive time by 7.7%. Commercial real estate prices fell by 2%, although land prices in the agricultural sector increased by 3.9% despite a decline in the overall index. The regions with the highest growth were the Northern Borders at 12% and Riyadh at 4.6%, while Asir and Hail experienced the largest declines of 4.3% and 3.8%, respectively. These changes come after government measures aimed at stabilizing the real estate market, including reopening land plots and imposing taxes on vacant land, with the goal of reducing monopolies, increasing housing supply, and achieving price stability.

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