Saudi Real Estate Prices See Annual Growth Amid Revenue Surge

Summary:

Saudi Arabia's real estate prices saw a 1.3% annual increase in Q2 2026, driven by a 2.6% rise in residential property and an 11.3% increase in agricultural real estate, despite a 3.2% decline in commercial property prices. The Operating Revenues Index rose 11.4% year-on-year in May, led by mining and quarrying. However, building permits fell 33.3% year-on-year, indicating fewer new construction projects. The real estate market is evolving under the Housing Program aimed at increasing homeownership to 70% by 2030, with the current rate at 66.24%.