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Riyadh city
Saudi Arabia’s real estate price index declined by 1.6% year-on-year (YoY) in the first quarter of 2026, data issued by the General Authority for Statistics (GASTAT) showed.
The index fell to 103.3 points in Q1 2026, based on 2023 as the base year, compared with 104.9 points in Q1 2025.
The decline was driven by a 3.6% drop in the residential sector, which holds the largest weight in the index (72.7%).
GASTAT stated that a new index methodology was adopted in Q3 2024, in cooperation with the Real Estate General Authority (REGA), the Ministry of Justice, and the Saudi Central Bank (SAMA), setting 2023 as the base year.
Meanwhile, the commercial sector, which represents 25.4% of the index weight, increased by 3.4% YoY as commercial land prices grew 3.6% YoY as of Q1 2026.
The agricultural sector rose by 11.8% YoY to 112.8 points during the same quarter.
As for real estate prices by region, the Eastern Province recorded the highest annual rise of 6.9%, followed by Najran at 3.5%, then Tabuk and Aseer at 1.5 and 1.1%, respectively.
In contrast, Al Baha recorded the largest decline at 9.2%, followed by Hail again at 8%, and then the Northern Borders Province at 6.6%.
|
Saudi Real Estate Price Index by Region |
||
|
Region |
Price Index (Points) |
YoY Change (%) |
|
Eastern Province |
97.8 |
6.9% |
|
Najran |
105.6 |
3.5% |
|
Tabuk |
102.0 |
1.5% |
|
Aseer |
88.5 |
1.1% |
|
Makkah |
99.4 |
(0.7%) |
|
Jazan |
100.3 |
(1.4%) |
|
Al Jouf |
95.6 |
(1.4%) |
|
Riyadh |
109.8 |
(4.4%) |
|
Madinah |
93.6 |
(5.0%) |
|
Qassim |
91.9 |
(5.1%) |
|
Northern Borders |
100.0 |
(6.6%) |
|
Hail |
95.4 |
(8.0%) |
|
Al-Baha |
76.1 |
(9.2%) |
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