Saudi Real Estate Market Shifts: Dammam Leads Growth While Riyadh Stabilizes
The Saudi Arabian real estate market showed signs of stabilization in the first quarter of 2026, with noticeable differences among the major cities. Dammam experienced strong growth, with the number of sales increasing by 41.4% to approximately 2,900 transactions valued at around 3.6 billion riyals, accompanied by significant rises in both sale and rental prices. Riyadh remains the largest and most active market, but it is beginning to move toward balance, with a slowdown in price momentum and transactions compared to 2025—about 8,800 deals totaling 13.4 billion riyals. Meanwhile, Jeddah saw a decline in activity, with transactions dropping by 31.5% to 5,800 deals, while property prices remained steady or saw slight increases. It is expected that these three cities will add approximately 53,000 new housing units throughout 2026. Measures aimed at improving foreign ownership regulations and increasing transparency are also underway, helping to stabilize the market and meet the growing demand.
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