Riyadh city
The Saudi real estate price index edged up 0.9% in the fourth quarter of 2021 to 81.3 points, from 80.6 points a year earlier, data issued by the General Authority for Statistics (GASTAT) showed.
The base year for the index is 2014 (100 base points).
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Q1 2021 |
81.3 |
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Q2 |
81.3 |
0.4% |
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Q3 |
80.9 |
0.5% |
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81.3 |
0.9% |
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The real estate index comprises three segments: Residential sector, which covers residential land plots, buildings, villas, apartments, and houses; the commercial sector, which covers commercial land plots, buildings, shops and malls; and the agricultural sector that covers agricultural land.
The residential sector came on top, with a 1.7% increase in Q4, while commercial and agricultural sectors fell by 0.7% and 0.2%, respectively.
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Change in Saudi Real Estate Price Index Main Sectors (Q4 2020/2021) |
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Sector |
Variation (%) |
Main Items |
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Item |
Variation (%) |
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Residential |
1.7% |
Plot of land |
+2.0% |
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Building |
(0.1%) |
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Villa |
(6.3%) |
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Apartment |
(3.6%) |
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House |
(1.4%) |
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Commercial |
(0.7%) |
Plot of land |
(0.7%) |
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Building |
-- |
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Showroom/shop |
+0.5% |
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Commercial center |
-- |
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Agricultural |
(0.2%) |
Agricultural land |
(0.2%) |
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Relative Importance of Sectors and Items |
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Sectors and items |
Relative importance (%) |
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General index |
100.00 |
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Residential |
65.37 |
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Plot of land |
62.16 |
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Building |
0.03 |
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Villa |
0.40 |
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Apartment |
2.58 |
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House |
0.21 |
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Commercial |
31.02 |
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Plot of land |
30.87 |
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Building |
0.003 |
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Showroom/shop |
0.08 |
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Commercial center |
0.07 |
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Agricultural |
3.61 |
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Agricultural land |
3.61 |
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