Saudi property market this week: cooling, price index down 1.6% on the year
A summary written automatically from the latest official figures. It updates whenever the data does.
Key takeaways
- The national real estate price index stands at 103.3 (Q1 2026), down 1.6% on a year earlier.
- Market temperature: cooling. Deals are down 23.6% (2025 vs 2024).
- Latest daily reading (3 November 2026): 634 registered deals, worth SAR 0.5 bn.
- Financing: 3-month SAIBOR 4.84%, repo rate 4.25% (Feb 2026). New home mortgages: 8,353 (Feb 2026).
The major cities
Average apartment price per m² and gross rental yield in the four largest cities, from Ministry of Justice deeds and Ejar contracts.
| City | Apartment SAR/m² | Year on year | Gross yield |
|---|---|---|---|
| Riyadh | 5,862 | −3.6% | 4.7% |
| Jeddah | 3,876 | +2.8% | 5.4% |
| Dammam | 3,448 | +1.2% | 4.8% |
| Al Khobar | 3,712 | 0.0% | 5.5% |
Districts where apartment prices rose most
Districts with at least 30 deeds in the latest quarter, against the same quarter a year earlier.
| District | City | SAR/m² | Year on year |
|---|---|---|---|
| Jarir | Riyadh | 7,537 | +33.2% |
| Gharnatah | Riyadh | 7,243 | +28.5% |
| Al Quds | Riyadh | 8,652 | +27.0% |
| Al Mahdiyah | Riyadh | 6,608 | +25.1% |
| Al Narjis | Riyadh | 9,292 | +24.5% |
Districts where apartment prices fell most
| District | City | SAR/m² | Year on year |
|---|---|---|---|
| Al Qirawan | Riyadh | 4,599 | −42.1% |
| Hajar | Dammam | 3,279 | −13.8% |
| Al Aziziyah | Jeddah | 3,403 | −10.3% |
| Al Nuzhah | Jeddah | 3,745 | −7.9% |
| Umm Al Salam | Jeddah | 3,038 | −7.0% |
Busiest districts this week
By registered deals, to 4 November 2026. District names as published by the Ministry of Justice.
| District | City | Deals | Value |
|---|---|---|---|
| الفلاح | جدة | 62 | SAR 0.0 bn |
| الصويدرة | المدينة المنورة | 47 | SAR 0.0 bn |
| الهداء | الخرج | 46 | SAR 0.0 bn |
| السلامة | جدة | 22 | SAR 0.0 bn |
| الريان | تبوك | 21 | SAR 0.0 bn |
Financing
3-month SAIBOR was 4.84% and the repo rate 4.25%. 8,353 new home mortgages were written, worth SAR 5.4 bn (Feb 2026).
Latest updates
- 2026-11-05برعاية وزير البلديات والإسكان.. انطلاق أعمال النسخة الخامسة من ملتقى مستقبل القطاع غير الربحي بالرياض
- 2026-11-05وزارة البلديات والإسكان: أكثر من 90 ألف أسرة سعودية سكنت مسكنها الأول خلال الأشهر التسعة الأولى من 2026
- 2026-11-05وزارة البلديات والإسكان: "إتمام" ينجز أكثر من 2,800 طلب للتطوير العقاري.. لدعم المعروض وتوسيع الخيارات السكنية
- 2026-11-03"بدء أعمال السجل العقاري في منطقتي مكة المكرمة والجوف
- 2026-11-02Al Othaim Developments brings 70 years of consumer insight into Saudi Arabia’s real estate market
Frequently asked
Are Saudi property prices rising or falling?
On the official real estate price index (Q1 2026), the national index fell 1.6% year on year. Apartment prices by city: Riyadh −3.6%, Jeddah +2.8%, Dammam +1.2%, Al Khobar 0.0%.
How is the Saudi property market doing right now?
The market temperature reads "cooling", from four signals: deals −23.6%, mortgages −45.4%, prices −3.6%, rents +0.1%.
What is the average apartment price per m² in Riyadh and Jeddah?
Riyadh: SAR 5,862 per m² (Q1 2026), gross yield 4.7%; Jeddah: SAR 3,876 per m² (Q1 2026), gross yield 5.4%.
What are mortgage-related interest rates in Saudi Arabia now?
3-month SAIBOR is 4.84% and the repo rate 4.25% (Feb 2026). Banks' own mortgage rates vary by customer.