Kingdom of Saudi Arabia Living Market Dynamics, Q1 2025
Summary and analysis of the Kingdom of Saudi Arabia's current living real estate market conditions.
- Faraz Ahmed
- Muhammad Aijaz
- Taimur Khan
Both Riyadh and Jeddah experienced significant increases in sales transactions, with Riyadh seeing a 13.0% year-on-year rise and Jeddah recording an impressive 43.5% growth.
There's a noticeable trend towards integrated masterplan developments, reflecting a growing preference for 'community living' over standalone properties.
While Riyadh witnessed price appreciation across both apartments and villas, Jeddah showed mixed results with declining apartment prices but increasing villa prices.
Programs like Sakani and the Real Estate Development Fund are making homeownership more attainable for a broader segment of the population.
These initiatives are reshaping the market landscape and stimulating demand, particularly among first-time buyers.