Dammam Sees 71% Surge in Property Sales Amid Riyadh Rent Decline

Summary:

Dammam experienced the highest residential property growth in Saudi Arabia during Q1 2026, with home sales rising 71% to SAR3.6 billion. Approximately 2,900 homes were sold, a 41% increase from Q4 2025. In contrast, Riyadh and Jeddah saw slower activity due to affordability challenges and seasonal factors. Riyadh's rents decreased, while annual prices in major cities continued to rise. Jeddah's sales fell 25% from the previous quarter. New housing supply is expected to increase in Riyadh, Jeddah, and Dammam, while foreign investment in real estate has been facilitated by new laws.