Residential property prices mixed in Q3 2025: JLL

JLL said that growth in Saudi residential property prices has slowed and, in some cases, declined following a period of strong expansion, particularly in the capital, Riyadh.

In a report, JLL noted that other markets recorded strong demand accompanied by continued price increases, indicating divergent market dynamics across Saudi Arabia’s major urban centers.

The company added that demand for residential units remains robust in the Kingdom’s main cities, supported by population growth and major investments in Riyadh, which continue to drive market momentum.

Jeddah and the Dammam Metropolitan Area (comprising Dammam, Khobar, and Dhahran) have seen steady demand, underpinned by economic diversification efforts and infrastructure development initiatives.

JLL stated that the total residential housing stock in Riyadh reached approximately 2.18 million units by the end of the third quarter of 2025, with around 9,468 additional units expected to be delivered during the remainder of the year.

In Jeddah, supply stood at around 1.23 million units following the completion of 4,320 units during Q3 2025.

Meanwhile, approximately 428 residential units were delivered in the Dammam Metropolitan Area during the quarter, bringing total housing stock to about 725,810 units, with a further 400 units expected to enter the market before year-end.