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Riyadh sees 38 housing transactions daily
The real estate market in Riyadh experienced relative stability and moderate growth during the first half of 2026. The value of residential deals reached approximately 11.25 billion SAR, representing a 20.7% decrease year-over-year, with a total of 6,944 transactions—an increase of 4.9% annually. Data shows that about 76% of these deals were for properties costing less than two million SAR, with higher demand for larger spaces and properties ranging from 200 to 399 square meters. In the office sector, the occupancy rate of prime offices stood at 98%, and rental prices rose to 2,483 SAR per square meter, driven largely by continued demand from international companies, especially in the technology and media sectors. Reports predict that Riyadh’s economy will continue to grow at an 8.4% rate in 2026, supported by major future projects including the delivery of over 570,000 square meters of luxury office space, as well as new laws to facilitate ownership for non-Saudis and further develop the real estate market.
Notice: This Is an AI-Generated Summary
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