Riyadh Residential Property Prices Up 5.1% Q2 2026

Riyadh residential property prices rose 5.1 percent in the three months to June compared with the same quarter in 2025.

The increase arrives as the city records sustained demand from both local families and expatriate professionals tied to ongoing projects under Vision 2030. Mortgage approvals processed by the Saudi Housing Finance Company reached 48,200 in the first half of 2026, up from 41,700 in the equivalent period a year earlier. This lending pace supports buyer activity even as some developers adjust delivery schedules.

Olaya and Al Nakheel recorded the clearest shifts. In Olaya, average apartment prices reached 1.28 million SAR, while villas in Al Nakheel traded at a median 3.4 million SAR. Both districts sit near completed sections of the Riyadh Metro, which opened its first operational line in late 2025 and now carries more than 180,000 passengers daily.

Transaction Data Shows Steady Demand

Figures released by the Saudi Real Estate General Authority on 8 July list 12,650 residential sales registered in Riyadh during the quarter. The average price per square metre in central districts stood at 12,450 SAR in June, compared with 11,840 SAR twelve months earlier. Off-plan units in the King Abdullah Financial District accounted for 2,180 of those transactions, with most priced between 950,000 and 1.6 million SAR.

Developers report that three-bedroom units under 120 square metres continue to move fastest. Listings on the Aqar portal show these properties spending an average of 23 days on the market before sale, down from 31 days in the second quarter of 2025.

Next Steps for Buyers and Sellers

Market watchers at the Riyadh Real Estate Chamber advise checking updated mortgage rates at local banks before committing to purchases this summer. Sellers in established neighbourhoods such as Al Malaz are encouraged to refresh listings with recent utility and maintenance records to match current buyer expectations.