Saudi real estate prices rebound
The article discusses the rise in real estate prices in Saudi Arabia during the second quarter of 2026, recording a 1.3% annual increase after two consecutive quarters of decline. The increase was primarily driven by the residential sector, especially residential land, which rose by 6.3%. Meanwhile, villa prices continued to decline for the third consecutive quarter, and apartment prices increased by 1.1%. The commercial sector, on the other hand, decreased by 3.2%. The Saudi government implemented measures to increase land supply and reduce price pressures, including allowing the sale and development of land in northern Riyadh, amending the white land tax system to encourage land development, and freezing annual rent increases in Riyadh for five years.
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