11 Hrs
Source:
الاقتصادية
Riyadh Neighborhoods See Up to 42% Rent Drop
The article discussed the decline in average rental prices in 45% of Riyadh's neighborhoods until May 2026, with decreases reaching up to 42%. This is part of the government's efforts to restore balance to the real estate market after Crown Prince Mohammed bin Salman approved a package of measures in September 2025 aimed at curbing rent hikes and improving market efficiency. The results showed that the most affected neighborhoods include Al-Khair and King Saud University neighborhoods, where rents dropped by 42%. The greatest decline was seen in Al-Rahmaniyah neighborhood, with a 40% decrease, falling from 76,600 SAR to 45,600 SAR. At the same time, rental prices increased in 50% of the neighborhoods by up to 117%, reflecting continued variation in market responses to the initiatives. Meanwhile, residential mortgage financing for individuals saw a 41% decline by May 2026. The government measures aim to re-balance the market by increasing land supply and expanding housing projects, with price fluctuations expected to continue in the coming months.
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