Research

Kingdom of Saudi Arabia Living Market Dynamics, Q3 2024

Summary and analysis of the Kingdom of Saudi Arabia's current living real estate market conditions.

November 26, 2024

Contributors:

Faraz Ahmed
Muhammad Aijaz
Taimur Khan

Robust demand in Riyadh and Jeddah’s residential market continued to drive the sector’s strong performance in Q3, reflected by the elevated annual sale prices and rental rates in both cities.

While villas remain a popular option, there is a notable shift towards apartment living in the kingdom, primarily due to their higher affordability among buyers.

The ongoing rapid urban and infrastructure development of the kingdom are creating new hotspots for development and reshaping residential preferences, positioning the residential market for significant growth in the long term.

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