Authored by the expert who managed and guided the team behind the Saudi Arabia Property Pack
Get all the data you need about the real estate market in Riyadh
We keep this blog post updated so you can understand the current housing prices in Riyadh in 2026 without reading dozens of reports.
In this article, we explain average prices, median prices, price per square meter, neighborhood differences, and buying costs in Riyadh.
The goal is simple: help you quickly understand what a normal home, an entry-level apartment, or a luxury villa costs in Riyadh in 2026.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Riyadh.
Insights
- The average housing price in Riyadh in 2026 is about SAR 1.75 million, but the median is closer to SAR 1.25 million because villas pull the average up.
- Riyadh apartments are more resilient than villas in 2026, with official Saudi data showing smaller price falls for apartments than for villas.
- A normal buyer in Riyadh should not look only at the purchase price, because taxes, fees, and basic costs often add 8% to 14%.
- Asking prices in Riyadh are usually higher than final sale prices, with a typical gap of about 8% in 2026.
- North Riyadh neighborhoods such as Al Malqa, Hittin, and Al Narjis remain expensive because they combine newer homes, family demand, and better lifestyle access.
- USD 200,000 is a much more realistic entry budget in Riyadh than USD 100,000, especially for a livable two-bedroom apartment.
- New homes in Riyadh usually cost around 20% more than similar older homes because buyers value parking, better layouts, and easier financing.
- The Riyadh housing market in 2026 is not falling everywhere, because apartments in good districts are holding up better than older villas.
What is the average housing price in Riyadh in 2026?
The median housing price in Riyadh in 2026 is more useful than the average because a few expensive villas and luxury homes make the average look higher than what a normal buyer will usually pay.
We are writing this as of 2026, using the latest data collected from authoritative sources that we manually double checked.
In 2026, the estimated median housing price in Riyadh is about SAR 1.25 million, or about USD 333,000, or about EUR 288,000. The estimated average housing price in Riyadh in 2026 is about SAR 1.75 million, or about USD 467,000, or about EUR 403,000.
For about 80% of residential properties in Riyadh in 2026, the realistic price range is around SAR 650,000 to SAR 4.8 million, or about USD 173,000 to USD 1.28 million, or about EUR 150,000 to EUR 1.11 million.
A realistic entry range in Riyadh in 2026 is about SAR 450,000 to SAR 800,000, or about USD 120,000 to USD 213,000, or about EUR 104,000 to EUR 184,000, which can usually buy an existing 1-bedroom or 2-bedroom apartment of about 55 to 85 sqm in Al Aziziyah, Al Manar, edge areas of Al Rawdah, or parts of east and south Riyadh.
A typical luxury property in Riyadh in 2026 starts around SAR 5 million to SAR 15 million, or about USD 1.33 million to USD 4 million, or about EUR 1.15 million to EUR 3.46 million, which can buy a new or recently built villa of about 350 to 600 sqm in Al Malqa, Hittin, Al Yasmin, Al Narjis, or areas near Diriyah.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Riyadh.
Are Riyadh property listing prices close to the actual sale price in 2026?
In Riyadh in 2026, asking prices are usually about 6% to 10% higher than the final sale price, with a working average gap of about 8%.
The gap exists because Riyadh sellers still remember the strong 2021 to 2025 market, while 2026 buyers are more careful because mortgages and affordability are tighter. The gap is usually smaller for normal apartments, around 4% to 7%, and larger for villas or luxury homes, often around 8% to 14%.
Don't buy the wrong property, in the wrong area of Riyadh
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
What is the price per sq m or per sq ft for properties in Riyadh in 2026?
As of 2026, the estimated median housing price in Riyadh is about SAR 5,700 per sqm, or USD 1,520 per sqm, or EUR 1,313 per sqm, which is about SAR 530 per sqft, or USD 141 per sqft, or EUR 122 per sqft. The estimated average housing price in Riyadh is about SAR 6,150 per sqm, or USD 1,640 per sqm, or EUR 1,417 per sqm, which is about SAR 571 per sqft, or USD 152 per sqft, or EUR 132 per sqft.
The highest price per sqm in Riyadh in 2026 is usually found in small new apartments, branded residences, serviced units, and compact homes in premium northern districts, while the lowest price per sqm is usually found in larger older villas and older homes needing renovation.
The highest price per sqm in Riyadh in 2026 is often found in Hittin, Al Malqa, Al Nakheel, Al Murabba, New Murabba-adjacent areas, and Diriyah-adjacent areas, with rough ranges of SAR 8,500 to SAR 15,000+ per sqm. The lowest price per sqm is usually found in Al Aziziyah, Al Manfuhah, parts of Al Sulay, and parts of Al Dar Al Baida, with rough ranges of SAR 3,200 to SAR 5,000 per sqm.
How have property prices evolved in Riyadh?
Compared with one year ago, Riyadh residential prices in 2026 are estimated to be about 2% higher in nominal SAR terms. The market is not rising evenly, because apartments in good districts are stronger while some villas and less liquid homes have become more negotiable.
Compared with two years ago, Riyadh residential prices in 2026 are still clearly higher, especially in the north and northwest of the city. This is mainly because Riyadh kept attracting jobs, headquarters, government projects, and families looking for better-connected districts.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Saudi Arabia.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Riyadh.
Make a profitable investment in Riyadh
Better information leads to better decisions. Save time and money. Download our data.
How do prices vary by housing type in Riyadh in 2026?
In Riyadh in 2026, sale opportunities are roughly 45% apartments, 28% villas, 10% duplexes or townhouses, 7% residential floors, 5% compound homes, and 5% small multi-unit buildings, because apartments are the more affordable entry point while villas still represent a large share of market value.
As of 2026, a normal Riyadh apartment averages about SAR 900,000, or USD 240,000, or EUR 207,000, while a larger family apartment averages about SAR 1.25 million, or USD 333,000, or EUR 288,000. A duplex or townhouse averages about SAR 2.4 million, or USD 640,000, or EUR 553,000, while a standard villa averages about SAR 4.1 million, or USD 1.09 million, or EUR 945,000, and a luxury villa averages about SAR 8.5 million, or USD 2.27 million, or EUR 1.96 million.
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Riyadh in 2026?
In Riyadh in 2026, new homes usually cost about 15% to 25% more than comparable existing homes, with a practical average premium of about 20%.
This premium exists because new homes in Riyadh often solve daily problems that buyers care about, such as parking, elevators, insulation, security, better layouts, and easier financing.
Get to know the market before buying a property in Riyadh
Better information leads to better decisions. Get all the data you need before investing a large amount of money.
How do property prices vary by neighborhood in Riyadh in 2026?
Al Malqa is one of Riyadh’s most popular premium family districts, with newer apartments, duplexes, and villas. In 2026, typical residential prices in Al Malqa are around SAR 1.4 million to SAR 6.5 million, or about USD 373,000 to USD 1.73 million, or about EUR 323,000 to EUR 1.50 million.
Hittin is a luxury and lifestyle district where buyers often look for high-end villas, premium apartments, and homes close to major leisure and office areas. In 2026, typical residential prices in Hittin are around SAR 1.8 million to SAR 9 million, or about USD 480,000 to USD 2.4 million, or about EUR 415,000 to EUR 2.07 million.
Al Narjis is an upper-mid family area that often feels more accessible than Hittin or Al Malqa while still offering newer homes and good demand. In 2026, typical residential prices in Al Narjis are around SAR 950,000 to SAR 4.8 million, or about USD 253,000 to USD 1.28 million, or about EUR 219,000 to EUR 1.11 million.
You will find a much more detailed analysis by areas in our property pack about Riyadh. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Market label | Typical price range | Typical price per sqm | Typical price per sqft |
|---|---|---|---|---|
| Al Malqa | Premium family and expat popular | SAR 1.4m to SAR 6.5m USD 373k to USD 1.73m |
SAR 8,000 to SAR 12,000 USD 2,133 to USD 3,200 |
SAR 743 to SAR 1,115 USD 198 to USD 297 |
| Hittin | Luxury and lifestyle | SAR 1.8m to SAR 9m USD 480k to USD 2.4m |
SAR 9,000 to SAR 14,000 USD 2,400 to USD 3,733 |
SAR 836 to SAR 1,301 USD 223 to USD 347 |
| Al Narjis | Upper-mid family | SAR 950k to SAR 4.8m USD 253k to USD 1.28m |
SAR 6,500 to SAR 9,500 USD 1,733 to USD 2,533 |
SAR 604 to SAR 883 USD 161 to USD 235 |
| Al Yasmin | Family villa market | SAR 1.1m to SAR 5.6m USD 293k to USD 1.49m |
SAR 6,800 to SAR 10,000 USD 1,813 to USD 2,667 |
SAR 632 to SAR 929 USD 168 to USD 248 |
| Al Qirawan | Newer north family area | SAR 1m to SAR 5.2m USD 267k to USD 1.39m |
SAR 6,500 to SAR 9,200 USD 1,733 to USD 2,453 |
SAR 604 to SAR 855 USD 161 to USD 228 |
| Al Arid | Growth corridor | SAR 800k to SAR 4.2m USD 213k to USD 1.12m |
SAR 5,800 to SAR 8,500 USD 1,547 to USD 2,267 |
SAR 539 to SAR 790 USD 144 to USD 211 |
| Al Munsiyah | Mid-market airport side | SAR 650k to SAR 3.2m USD 173k to USD 853k |
SAR 4,800 to SAR 7,200 USD 1,280 to USD 1,920 |
SAR 446 to SAR 669 USD 119 to USD 178 |
| Al Rimal | New supply and value growth | SAR 600k to SAR 3m USD 160k to USD 800k |
SAR 4,500 to SAR 6,800 USD 1,200 to USD 1,813 |
SAR 418 to SAR 632 USD 111 to USD 168 |
| Al Rawdah | Established family area | SAR 700k to SAR 3.4m USD 187k to USD 907k |
SAR 5,000 to SAR 7,300 USD 1,333 to USD 1,947 |
SAR 465 to SAR 678 USD 124 to USD 181 |
| Al Manar | Affordable commute area | SAR 450k to SAR 2.2m USD 120k to USD 587k |
SAR 3,800 to SAR 5,800 USD 1,013 to USD 1,547 |
SAR 353 to SAR 539 USD 94 to USD 144 |
| Al Aziziyah | Budget and older stock | SAR 350k to SAR 1.8m USD 93k to USD 480k |
SAR 3,200 to SAR 4,800 USD 853 to USD 1,280 |
SAR 297 to SAR 446 USD 79 to USD 119 |
| Al Nakheel | Premium central-north | SAR 1.4m to SAR 7m USD 373k to USD 1.87m |
SAR 8,500 to SAR 13,000 USD 2,267 to USD 3,467 |
SAR 790 to SAR 1,208 USD 211 to USD 322 |
How much more do you pay for properties in Riyadh when you include renovation work, taxes, and fees?
In Riyadh in 2026, a buyer should usually budget about 8% to 14% above the agreed purchase price before major renovation, and about 15% to 30% if the home needs meaningful work.
If you buy a Riyadh property for about USD 200,000, or about SAR 750,000, a normal extra budget is around SAR 60,000 to SAR 105,000, or about USD 16,000 to USD 28,000. This means the total cost can land around SAR 810,000 to SAR 855,000 before any heavy renovation.
If you buy a Riyadh property for about USD 500,000, or about SAR 1.88 million, a normal extra budget is around SAR 150,000 to SAR 260,000, or about USD 40,000 to USD 69,000. This means the total cost can land around SAR 2.03 million to SAR 2.14 million before any major renovation.
If you buy a Riyadh property for about USD 1 million, or about SAR 3.75 million, a normal extra budget is around SAR 300,000 to SAR 525,000, or about USD 80,000 to USD 140,000. This means the total cost can land around SAR 4.05 million to SAR 4.28 million before any major renovation.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Saudi Arabia.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Riyadh
| Extra cost | Type | Estimated cost range |
|---|---|---|
| Real Estate Transaction Tax | Tax | 5% of the property price. On a SAR 1 million home, this is SAR 50,000, or about USD 13,300. |
| Brokerage commission | Fee | Often around 2% to 2.5% of the property price, usually with VAT applied to the service fee. On a SAR 1 million purchase, this can be roughly SAR 20,000 to SAR 25,000 before VAT on the service. |
| Legal or conveyancing support | Fee | Usually around SAR 8,000 to SAR 40,000, or about USD 2,100 to USD 10,700. The amount depends on the complexity of the deal and whether financing is involved. |
| Valuation fee if financed | Financing | Usually around SAR 1,500 to SAR 3,500, or about USD 400 to USD 930. Banks often require a valuation before approving a mortgage. |
| Bank or mortgage admin costs | Financing | Often around 0.5% to 1.5% of the loan amount. The exact amount depends on the lender, loan structure, and borrower profile. |
| Light renovation | Renovation | Usually around SAR 800 to SAR 1,500 per sqm, or about USD 213 to USD 400 per sqm. This can cover paint, small repairs, and basic updates. |
| Medium renovation | Renovation | Usually around SAR 1,500 to SAR 3,000 per sqm, or about USD 400 to USD 800 per sqm. This can include bathrooms, kitchens, air-conditioning, and better finishes. |
| Heavy villa renovation | Renovation | Usually around SAR 3,000 to SAR 5,500 per sqm, or about USD 800 to USD 1,467 per sqm. Older villas can become expensive when electrical systems, plumbing, cooling, and façades need work. |
| Furnishing and appliances | Fit-out | Usually around SAR 50,000 to SAR 250,000, or about USD 13,300 to USD 66,700. The range is wide because a small apartment and a large family villa do not need the same furniture budget. |
| Moving, utilities, and small works | Practical costs | Usually around SAR 5,000 to SAR 25,000, or about USD 1,300 to USD 6,700. These costs are easy to forget, but they matter when planning total cash needs. |
We made this infographic to show you how property prices in Saudi Arabia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Riyadh in 2026 with different budgets?
With USD 100,000, or about SAR 375,000, there is not a deep comfortable market in Riyadh in 2026, but you may find an existing studio of 40 to 55 sqm in Al Aziziyah, an older 1-bedroom apartment of 50 to 65 sqm around Al Manar edge areas, or a small resale unit of 45 to 60 sqm in an outer east or south district.
With USD 200,000, or about SAR 750,000, you can look for an existing 2-bedroom apartment of 80 to 100 sqm in Al Munsiyah, an older 2-bedroom or small 3-bedroom apartment of 95 to 120 sqm in Al Rawdah or Al Manar, or a newer compact apartment of 70 to 90 sqm in Al Rimal.
With USD 300,000, or about SAR 1.13 million, you can look for a newer 3-bedroom apartment of 120 to 145 sqm in Al Narjis or Al Qirawan, a large existing family apartment of 150 to 180 sqm in Al Rawdah or Al Munsiyah, or a good 2-bedroom apartment of 100 to 120 sqm on the edge of Al Malqa or Al Yasmin.
With USD 500,000, or about SAR 1.88 million, you can look for a new townhouse or duplex of 180 to 230 sqm in Al Rimal or Al Arid, a large family apartment of 180 to 220 sqm in Al Malqa or Al Narjis, or an older small villa of 250 to 320 sqm in Al Munsiyah or an outer north or east district.
With USD 1 million, or about SAR 3.75 million, you can look for an existing villa of 300 to 400 sqm in Al Yasmin or Al Narjis, a newer townhouse or duplex of 250 to 330 sqm near Al Malqa or Al Qirawan, or a premium large apartment of 220 to 280 sqm in Hittin or Al Nakheel.
With USD 2 million, or about SAR 7.5 million, there is a real high-end market in Riyadh in 2026, including a luxury villa of 450 to 600 sqm in Al Malqa, a high-end villa of 400 to 550 sqm in Hittin or Al Nakheel, or a large villa or compound-style home of 500 to 700 sqm in Al Yasmin, Al Qirawan, or Diriyah-adjacent areas.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Saudi Arabia.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Riyadh, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why this source matters | How we used it |
|---|---|---|
| GASTAT Real Estate Price Index Q1 2026 | GASTAT is Saudi Arabia’s official statistics agency and its index is based on real transaction data. | We used it to anchor the 2026 direction of Saudi and Riyadh residential prices. We also used its method note to understand the use of MOJ, REGA, and SAMA inputs. |
| GASTAT real estate price statistics portal | This is the official portal where Saudi real estate price publications are listed. | We used it to confirm the latest official release available for the writing period. We also used it to avoid relying only on private listing websites. |
| Real Estate General Authority | REGA is the official regulator of Saudi Arabia’s real estate sector. | We used it as the institutional reference for regulation, registration, and market formalization. We also used it to understand why Riyadh data is becoming more transaction-driven. |
| Saudi Real Estate Market transaction platform | This platform is connected to the Ministry of Justice transaction ecosystem. | We used it as the official transaction-market reference for actual sales activity. We did not use it as a clean neighborhood median table because the public interface is not built that way. |
| Saudi Central Bank monthly statistics | SAMA is Saudi Arabia’s central bank and a key source for mortgage and banking data. | We used it to assess financing pressure and mortgage liquidity in Saudi Arabia. We also used it to understand why slower mortgage momentum matters for Riyadh sale prices. |
| ZATCA Real Estate Transaction Tax Law | ZATCA is Saudi Arabia’s official tax authority. | We used it to confirm the 5% Real Estate Transaction Tax. We also used it to estimate the buyer’s cost above the agreed purchase price. |
| ZATCA simplified guide to Real Estate Transaction Tax | This guide explains the tax in a more practical way for buyers and sellers. | We used it to double check the basic RETT mechanism. We also used it to avoid confusing real estate sales with a normal VAT-only transaction. |
| Cavendish Maxwell Saudi Arabia Residential Market Performance 2025 | Cavendish Maxwell is an established regional real estate consultancy using transaction and market data. | We used it to anchor Riyadh’s 2025 average residential transaction price at about SAR 1.7 million. We then adjusted the estimate with official 2026 price direction. |
| Knight Frank Saudi Arabia Residential Market Review | Knight Frank is a major international real estate consultancy with Saudi residential research. | We used it to cross-check Riyadh price-per-sqm levels and neighborhood premiums. We also used it to validate the stronger demand for apartments and north Riyadh homes. |
| Economy Middle East summary of Cavendish Maxwell H1 2025 data | This business publication clearly attributes key figures to Cavendish Maxwell market data. | We used it for the June 2025 price-per-sqm anchor. We only used the figures that were directly attributed to the underlying consultancy dataset. |
| European Central Bank EUR/USD reference rates | The ECB is the official central bank for the euro area and publishes reference exchange rates. | We used it to convert USD values into EUR. We used the June 2026 reference rate so the euro amounts match the writing period. |
| Saudi Central Bank statistics and exchange-rate material | SAMA is the reference institution for Saudi monetary and exchange-rate information. | We used the practical SAR to USD peg of about SAR 3.75 per USD. We then converted SAR prices into USD and EUR in a consistent way. |
Get the full checklist for your due diligence in Riyadh
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
Related blog posts