Real estate demand ‘strong’, property deals surpass SAR 200B in 2025: Adeer exec

Sulaiman Al-Harbi, Executive Vice President of Adeer Real Estate, says the White Land fees have encouraged landowners to develop their plots and reduce the number of undeveloped land

Sulaiman Al-Harbi, Executive Vice President of Adeer Real Estate Co., said real estate supply and demand remain robust and have not been significantly impacted by the implementation of fees.

The value of real estate transactions exceeded SAR 200 billion last year, he told Argaam on the sidelines of the Real Estate Future Forum 2026.

Al-Harbi indicated that the White Land fees have encouraged landowners to develop their plots and reduce the number of undeveloped land.

These decisions have accelerated the approval of development plans and the start of development activities, Al-Harbi said.

He added that the Ministry of Municipalities and Housing is targeting the delivery of around 300,000 housing units, most of which will be built on land subject to the fees.

Al-Harbi described that the decision to allow non-Saudis to own real estate is an important and long-awaited step that will likely have a positive impact on the real estate market, particularly as more foreign companies establish regional headquarters in Riyadh.

Regarding Adeer’s investment portfolio, the senior executive explained that the company’s business model focuses more on portfolio management and service provision than asset ownership, adding that Adeer manages real estate portfolios worth billions of riyals.

Regarding a potential move to the Main Market (TASI), Al-Harbi said the company is witnessing balanced growth and gradual improvement in its share price, expecting a move to TASI in the coming period. He, however, did not specify an official date.

On price expectations, Al-Harbi emphasized that the market is currently balanced, noting that relevant authorities are working to curb price inflation through initiatives, including the Real Estate Balance Platform, which has delivered positive results in supporting market stability.