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Saudi real estate market Hits record activity
The real estate sector in the Kingdom of Saudi Arabia continued to perform strongly during the second quarter of 2026, supported by massive infrastructure and real estate development projects, as well as growth in non-oil economic activities which increased by 2.9% year-over-year. The gross domestic product (GDP) also rose by 3%. Riyadh remains the primary hub for real estate investment, while areas such as Mecca, Medina, and other regions have seen many major projects implemented, reflecting the ongoing high demand in the sector. Despite a 14% year-over-year decline in residential transactions, property prices increased by 2.6%, driven by the expansion of large-scale housing projects. Demand for office spaces and commercial activities continues, with the available office spaces in Riyadh surpassing 6 million square meters.
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