6 Hrs
Source:
الاقتصادية
Riyadh's housing supply to reach 3.3 million by 2030
According to reports from Knight Frank, the residential supply in Riyadh is expected to increase by 17% to reach 3.3 million units by 2030, with gains also anticipated in Jeddah and Dammam. However, housing market activity in Saudi Arabia declined during the second quarter of 2026 due to affordability pressures. Despite a 12% year-on-year decrease in the number of transactions, their total value fell by 24.6%, with purchasing decisions being affected by regional tensions and rising costs. Saudi Arabia is moving toward utilizing modern construction techniques to reduce housing completion times by 50%, while some landowners prefer selling rather than developing, which could impact future supply levels.
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