Saudi residential real estate transaction values fall 56% in February

Data showed lower transaction volumes and values across Saudi Arabia’s property market during February.

Real estate transactions in Saudi Arabia declined in February 2026, with a marked drop in the number and value of residential and non-residential transactions compared with the same period in 2025.

Data showed the number of residential transactions fell 45% to 18,300 from 33,600 in February 2025, while the number of non-residential transactions declined 42% year-on-year (YoY) to 2,100.

The value of residential transactions dropped 56% to SAR 14.7 billion in February from SAR 33.2 billion a year ago. In addition, the value of non-residential transactions fell 57% YoY to SAR 9.4 billion in February 2026.

The average traded area of residential properties decreased 4% YoY to 411 square meters (sqm), while the average in the non-residential sector rose 65% YoY to 42,100 sqm.

The average value of a residential transaction also fell 3% YoY to SAR 760,000, while the average value of a non-residential transaction declined 17% annually to SAR 2.47 million.

The rental market recorded growth in February, with an increase in the number and value of contracts and transactions compared with the same period in 2025.

The number of residential lease contracts rose 37% YoY to 266,300 from 194,800, while non-residential contracts increased 28% YoY to 65,600.

The number of residential lease transactions climbed 52% YoY to 338,300 from 222,200, while non-residential transactions rose 43% YoY to 107,400.

The value of residential lease transactions jumped 85% to SAR 7.0 billion from SAR 3.8 billion in February 2025, while the value of non-residential transactions increased 75% YoY to SAR 5.8 billion.

Data also showed that the number of land transactions fell 50% YoY to 10,600, while their value declined 62% annually to SAR 7.6 billion, marking the steepest decline among residential assets.

Apartment transactions decreased 39% YoY to 4,600, with a total value of SAR 3.0 billion, down 42% annually. Villa transactions fell 45% YoY to 1,300, with a value of SAR 2 billion, declining 60% annually.

Riyadh retained its position as the most active region in the Kingdom, accounting for 47%, or SAR 11.2 billion, of total real estate transaction value, followed by Makkah at 24%.

Five regions accounted for around 91% of the total real estate transaction value recorded in the Kingdom.

At the rental market level, Riyadh maintained its leading position, capturing 42%, or around SAR 5.4 billion, of total transaction value, with more than 145,000 transactions.

Makkah ranked second with SAR 3.3 billion, followed by the Eastern Province at SAR 1.78 billion.