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Jeddah Leads Riyadh in 1.69B Riyal Deals
The article discusses the development of the real estate market in Jeddah during the first quarter of 2026. The total value of its real estate transactions exceeded 9.47 billion SAR, compared to 7.78 billion SAR in Riyadh, despite a decline in the number of transactions in Riyadh. Jeddah experienced a 45.4% increase in the number of transactions compared to the 2025 annual average, with a 57.6% rise in transaction value. Additionally, the average transaction value increased by 8.4%, reaching 1.69 million SAR, while the average size of transactions decreased. Conversely, the number of transactions in Riyadh fell by 30.7%, with the total value dropping by 44.9%, despite a 65.4% increase in the traded areas. Overall, the real estate market in Jeddah showed growth in activity and value, whereas Riyadh experienced declines in the number of transactions and total value, even as traded areas increased in both cities.
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