Authored by the expert who managed and guided the team behind the Saudi Arabia Property Pack
Everything you need to know before buying real estate is included in our Saudi Arabia Property Pack
This guide covers the current housing prices in Saudi Arabia, including median values, price per square meter, neighborhood comparisons, and what you can buy at different budgets.
We constantly update this blog post to reflect the latest market data and trends in the Saudi Arabian real estate market.
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 Saudi Arabia.
Insights
- The median home price in Saudi Arabia in 2026 sits around SAR 800,000 ($213,000), but 80% of transactions fall between SAR 450,000 and SAR 1.8 million, showing a wide affordability gap across regions.
- North Riyadh neighborhoods like An Narjis and Al Sahafah command up to SAR 11,000 per square meter, nearly triple what you would pay in southern districts like Al Shifa.
- Saudi Arabia residential property prices rose about 5% year-over-year in nominal terms, but after adjusting for inflation, the real increase was closer to 3%.
- Apartments dominate the Saudi Arabian housing market in 2026, making up roughly 55% of all residential transactions, especially in cities like Jeddah.
- New-build homes in Saudi Arabia carry a premium of around 12% per square meter compared to existing properties, driven by better specs and lower maintenance risk.
- The Real Estate Transaction Tax (RETT) in Saudi Arabia is fixed at 5% of the sale price, making it the largest predictable cost on top of your purchase.
- Buyers in Saudi Arabia typically pay 6% less than listing prices on average, with discounts ranging from 3% to 10% depending on financing constraints and negotiation.
- With a budget of $500,000 in Saudi Arabia in 2026, you can purchase a 300-square-meter family villa in a solid Riyadh neighborhood like Al Janadriyah.
What is the average housing price in Saudi Arabia in 2026?
The median housing price gives a more accurate picture of the Saudi Arabian property market than the average because it is not skewed by a small number of ultra-luxury sales at the top end.
We are writing this as of January 2026, using the latest data collected from authoritative sources like GASTAT, Cavendish Maxwell, and JLL, which we manually cross-checked for accuracy.
The median housing price in Saudi Arabia in 2026 is approximately SAR 800,000 ($213,000 or about €181,000). The average housing price in the Saudi Arabian market in 2026 is higher, around SAR 950,000 ($253,000 or approximately €215,000).
About 80% of residential properties in Saudi Arabia in 2026 fall within a price range of SAR 450,000 to SAR 1,800,000 ($120,000 to $480,000 or €102,000 to €407,000).
A realistic entry range for property in Saudi Arabia in 2026 is SAR 350,000 to SAR 500,000 ($93,000 to $133,000 or €79,000 to €113,000), which can get you a 65-square-meter apartment in an older building in South Riyadh neighborhoods like Al Shifa or Al Aziziyah.
Luxury properties in Saudi Arabia in 2026 typically range from SAR 4 million to SAR 12 million or more ($1.07 million to $3.2 million or €900,000 to €2.7 million), including newer 450-square-meter villas with premium finishes in prime North Riyadh districts like Al Sahafah or An Narjis.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Saudi Arabia.
Are Saudi Arabia property listing prices close to the actual sale price in 2026?
In Saudi Arabia in 2026, closed sale prices average about 6% below listing prices, with a typical range of 3% to 10% discount.
This gap exists because negotiation is standard practice in Saudi Arabian real estate, especially for resale units where sellers often price with bargaining room. The discount tends to be largest when buyers rely on mortgages, as bank valuations can cap how much financing is available, pulling final prices below ambitious listings.
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What is the price per sq m or per sq ft for properties in Saudi Arabia in 2026?
As of January 2026, the median housing price per square meter in Saudi Arabia is approximately SAR 5,100 ($1,360 or €1,154), while the average is around SAR 5,200 per square meter ($1,387 or €1,176). Per square foot, the median is about SAR 474 ($126 or €107) and the average is SAR 483 ($129 or €109).
Newer, well-located apartments in prime areas of North Riyadh and central Jeddah command the highest prices per square meter in Saudi Arabia in 2026, while older apartments in outer districts and secondary cities have the lowest, mainly due to location convenience and building quality.
The highest prices per square meter in Saudi Arabia in 2026 are found in North Riyadh neighborhoods like An Narjis and Al Sahafah, where rates can reach SAR 8,000 to SAR 11,000 per square meter. The lowest prices are in southern Riyadh districts like Al Shifa and Al Aziziyah, where you might find SAR 3,000 to SAR 4,500 per square meter.
How have property prices evolved in Saudi Arabia?
Compared to January 2025, Saudi Arabia housing prices in January 2026 are up about 5% in nominal terms, or around 3% after adjusting for inflation. This growth was driven by strong demand in Riyadh and other Vision 2030 project hubs, combined with limited supply of move-in-ready homes in desirable areas.
Looking back 10 years to January 2016, Saudi Arabia housing prices have risen roughly 45% in nominal terms, or about 25% in real (inflation-adjusted) terms. This long-term growth reflects structural changes like urban concentration, more household formation, better financing options, and improved property registration systems.
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 Saudi Arabia.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Saudi Arabia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What types of homes are available in Saudi Arabia and how do prices compare in 2026?
In Saudi Arabia in 2026, apartments make up about 55% of the market, villas account for around 30%, townhouses and duplexes represent about 8%, low-rise floor units are roughly 4%, penthouses are about 2%, and compound units make up around 1%, reflecting the apartment-heavy transaction patterns especially in cities like Jeddah.
Average prices by property type in Saudi Arabia as of January 2026 are as follows: apartments average around SAR 650,000 ($173,000 or €147,000), villas average about SAR 1.85 million ($493,000 or €419,000), townhouses and duplexes average around SAR 1.25 million ($333,000 or €283,000), low-rise floor units average about SAR 900,000 ($240,000 or €204,000), penthouses average around SAR 2.4 million ($640,000 or €543,000), and compound ownership units average about SAR 1.6 million ($427,000 or €362,000).
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Saudi Arabia in 2026?
New-build homes in Saudi Arabia in 2026 carry a price premium of about 12% per square meter compared to similar existing properties.
This premium exists because new homes typically offer better specifications, modern layouts, amenities like secure parking, and lower maintenance risk, which buyers are willing to pay more for as Saudi Arabian cities grow denser and quality expectations rise.
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How do property prices vary by neighborhood in Saudi Arabia in 2026?
In Al Olaya, a central Riyadh business district popular with expats, you will mostly find 1 to 2 bedroom apartments priced between SAR 900,000 and SAR 1.8 million ($240,000 to $480,000 or €204,000 to €407,000). This area commands higher prices because of its short commutes to major employers and abundance of serviced apartment options.
Hittin and Al Malqa in North Riyadh offer newer family-friendly apartments and townhouses ranging from SAR 1.2 million to SAR 3 million ($320,000 to $800,000 or €272,000 to €680,000). These neighborhoods attract families seeking modern stock near the growing northern corridors of the city.
Al Shati in Jeddah is a waterfront district where premium apartments typically range from SAR 1 million to SAR 2.5 million ($267,000 to $667,000 or €226,000 to €566,000). The Corniche proximity and lifestyle amenities drive prices higher than most other Jeddah neighborhoods.
You will find a much more detailed analysis by areas in our property pack about Saudi Arabia. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Character | Avg Price Range | Avg per sqm | Avg per sqft |
|---|---|---|---|---|
| Al Malqa (Riyadh) | Family / Popular | SAR 1.2M-2.4M ($320k-$640k) | SAR 6,800-9,000 ($1,810-$2,400) | SAR 630-835 ($168-$223) |
| Hittin (Riyadh) | Family / Premium | SAR 1.4M-3M ($373k-$800k) | SAR 7,200-9,800 ($1,920-$2,610) | SAR 670-910 ($178-$243) |
| Al Sahafah (Riyadh) | Luxury | SAR 1.6M-4.6M ($427k-$1.2M) | SAR 7,800-10,500 ($2,080-$2,800) | SAR 725-975 ($193-$260) |
| An Narjis (Riyadh) | Luxury | SAR 1.5M-4.8M ($400k-$1.3M) | SAR 7,800-11,000 ($2,080-$2,930) | SAR 725-1,020 ($193-$272) |
| Al Yasmin (Riyadh) | Popular / Commute | SAR 1.1M-2.2M ($293k-$587k) | SAR 6,300-8,400 ($1,680-$2,240) | SAR 585-780 ($156-$208) |
| Al Olaya (Riyadh) | Commute / Expat | SAR 900k-1.8M ($240k-$480k) | SAR 6,000-8,200 ($1,600-$2,190) | SAR 560-760 ($149-$203) |
| Ar Rimal (Riyadh) | Affordable / Active | SAR 550k-1.2M ($147k-$320k) | SAR 4,800-6,500 ($1,280-$1,730) | SAR 445-605 ($119-$161) |
| Al Janadriyah (Riyadh) | Family / Villas | SAR 1.1M-2M ($293k-$533k) | SAR 4,700-6,200 ($1,250-$1,650) | SAR 435-575 ($117-$154) |
| Al Aziziyah (Riyadh) | Entry / Budget | SAR 350k-750k ($93k-$200k) | SAR 3,200-4,600 ($850-$1,230) | SAR 295-425 ($79-$114) |
| Al Shifa (Riyadh) | Entry / Budget | SAR 320k-700k ($85k-$187k) | SAR 3,000-4,400 ($800-$1,170) | SAR 280-410 ($74-$109) |
| Al Salamah (Jeddah) | Popular / Balanced | SAR 450k-1.1M ($120k-$293k) | SAR 3,900-5,300 ($1,040-$1,410) | SAR 360-490 ($97-$131) |
| Al Shati (Jeddah) | Waterfront / Premium | SAR 1M-2.5M ($267k-$667k) | SAR 6,000-9,500 ($1,600-$2,530) | SAR 560-880 ($149-$235) |
How much more do you pay for properties in Saudi Arabia when you include renovation work, taxes, and fees?
In Saudi Arabia in 2026, you should plan for an additional 8% to 14% on top of the purchase price to cover taxes, fees, and potential renovation costs.
If you buy a property around $200,000 (SAR 750,000) in Saudi Arabia, the 5% Real Estate Transaction Tax alone adds SAR 37,500 ($10,000), plus brokerage fees around SAR 18,750 ($5,000) and other costs, bringing your total to approximately SAR 825,000 to SAR 855,000 ($220,000 to $228,000).
For a property around $500,000 (SAR 1.875 million), expect to add roughly SAR 150,000 to SAR 260,000 ($40,000 to $70,000) for taxes, fees, and any renovation, bringing your total outlay to around SAR 2 million to SAR 2.1 million ($533,000 to $560,000).
For a $1,000,000 property (SAR 3.75 million), budget an additional SAR 300,000 to SAR 525,000 ($80,000 to $140,000), resulting in a total cost of approximately SAR 4 million to SAR 4.3 million ($1.07 million to $1.15 million).
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 Saudi Arabia
| Expense | Category | Estimated Cost Range (SAR and $) |
|---|---|---|
| Real Estate Transaction Tax (RETT) | Tax | 5% of the purchase price. For example, on a SAR 1 million property, you would pay SAR 50,000 ($13,300). This tax is mandatory and collected by ZATCA at the time of transaction. |
| Brokerage Commission | Fee | Typically 0% to 2.5% of the purchase price, with 2.5% being the standard benchmark. On a SAR 1 million home, this could be up to SAR 25,000 ($6,700). The party who contracts the broker usually pays this fee. |
| Legal, Admin, and Registration | Fee | SAR 3,000 to SAR 15,000 ($800 to $4,000). This covers notary services, title deed processing, and administrative handling. Costs vary based on transaction complexity and whether you hire a lawyer. |
| Renovation and Fit-out | Renovation | SAR 0 to SAR 250,000 ($0 to $67,000) depending on property condition and your preferences. New-build homes often need nothing, while older properties may require updates to kitchens, bathrooms, or flooring. |
| Snagging and Inspection | Fee | SAR 1,000 to SAR 4,000 ($270 to $1,070). This is the cost of hiring a professional to inspect the property before purchase. Recommended especially for new builds and older resale homes. |
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 Saudi Arabia in 2026 with different budgets?
With $100,000 (SAR 375,000) in Saudi Arabia in 2026, you can find a small older apartment around 60 to 75 square meters in outer areas like Al Shifa or Al Aziziyah in Riyadh, or in outer districts of Jeddah, though this is the entry level of the market.
With $200,000 (SAR 750,000), you can purchase a 120-square-meter existing apartment in Al Salamah (Jeddah), a 110-square-meter existing apartment in Ar Rimal (Riyadh), or a 140-square-meter low-rise floor unit in a mid-ring Riyadh neighborhood.
With $300,000 (SAR 1.125 million), your options include a 140-square-meter newer apartment in Al Yasmin (Riyadh), a 220-square-meter new townhouse in North Jeddah like Al Zahra, or a smaller 230-square-meter existing villa in Al Janadriyah (Riyadh).
With $500,000 (SAR 1.875 million), you can buy a 300-square-meter existing family villa in Al Janadriyah (Riyadh), a 180-square-meter prime apartment in Al Olaya (Riyadh), or a 320-square-meter existing villa in a good mid-market Jeddah district.
With $1,000,000 (SAR 3.75 million), you can purchase a large 420-square-meter new villa in Hittin or Al Malqa (North Riyadh), a 220-square-meter penthouse in Al Shati (Jeddah), or a 380-square-meter high-spec luxury villa in North Riyadh.
With $2,000,000 (SAR 7.5 million), you are in the premium segment where options include a 600-square-meter new luxury villa in An Narjis (Riyadh), a 550-square-meter ultra-premium new villa in Al Sahafah (Riyadh), or a large waterfront-style premium home in Jeddah's Al Shati area, though inventory at this level is more limited.
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 Saudi Arabia, 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 It's Authoritative | How We Used It |
|---|---|---|
| GASTAT Real Estate Price Index | GASTAT is Saudi Arabia's official national statistics office, using transaction-based data with a published methodology. | We used GASTAT data to anchor official price momentum, tracking year-over-year and quarter-over-quarter changes for residential property types in Saudi Arabia. We also referenced their methodology notes to explain measurement differences. |
| Cavendish Maxwell Saudi Arabia Report | Cavendish Maxwell is a major regional real estate consultancy with formal report structures and transparent market commentary. | We used this report for concrete city-level sales prices per square meter in Riyadh and Jeddah, along with 12-month percentage changes. We treated this as our main source for price levels and cross-checked direction against official indices. |
| JLL KSA Living Market Dynamics | JLL is a global real estate consultancy and this is a structured research output covering the Saudi Arabian residential market. | We used JLL data to estimate market mix between apartments and villas by city and to identify where people actually buy. We used this information to weight our averages and ensure neighborhood examples reflect real transaction patterns. |
| SAMA Inflation Report | SAMA is Saudi Arabia's central bank and publishes official inflation analysis and macroeconomic context. | We used SAMA data to inflation-adjust our past-versus-present price comparisons. We also referenced their discussion of population growth and rent inflation to explain the demand backdrop in the Saudi housing market. |
| European Central Bank Exchange Rates | The ECB is a central bank source for official foreign exchange reference rates. | We used the ECB's late December 2025 EUR/USD reference rate to convert Saudi Riyal prices into euros. We documented this assumption so all currency conversions are transparent and reproducible. |
| OANDA SAR Exchange Rate | OANDA is a well-known foreign exchange provider that clearly states the long-standing USD/SAR peg. | We used the fixed USD/SAR rate of 3.75 for all dollar conversions throughout our analysis. We combined this with the ECB EUR/USD rate to compute EUR/SAR for January 2026 pricing. |
| ZATCA Real Estate Tax Publication | ZATCA is Saudi Arabia's official tax authority and this is their official publication on real estate tax treatment. | We used this document to ground our taxes and fees section, particularly the relationship between VAT treatment and the 5% Real Estate Transaction Tax. We translated this into clear buyer cost explanations. |
| REGA Real Estate Brokerage Law | REGA is Saudi Arabia's real estate regulator and this law text states commission rules directly. | We used this to price brokerage costs consistently at the 2.5% benchmark. We then added practical ranges for other closing costs and renovation to answer how much more buyers actually pay. |
| Knight Frank Saudi Arabia Report | Knight Frank is a global real estate consultancy with detailed coverage of premium Saudi Arabian residential markets. | We used Knight Frank data for prime North Riyadh villa pricing, particularly in neighborhoods like Al Sahafah and An Narjis. We cross-referenced their luxury segment figures with other sources for consistency. |
| Argaam Market Coverage | Argaam is a leading financial news platform in the Middle East with regular real estate market updates. | We used Argaam's Q3 2025 reporting to verify luxury villa pricing levels and confirm market trends reported by other sources. We cross-checked their figures against consultancy reports for accuracy. |
| GASTAT Official Website | GASTAT is Saudi Arabia's national statistics authority providing official demographic and economic data. | We referenced GASTAT for population and urbanization trends that underpin housing demand in Saudi Arabia. We used this context to explain why certain cities and neighborhoods command premium prices. |
| SAMA Official Website | SAMA is Saudi Arabia's central bank with comprehensive economic reports and financial sector data. | We used SAMA publications to understand mortgage market trends and financing availability in Saudi Arabia. We referenced this when explaining how bank valuations affect the gap between listing and sale prices. |
| REGA Official Website | REGA is Saudi Arabia's real estate regulatory authority overseeing market practices and licensing. | We used REGA guidelines to verify standard practices for brokerage fees and transaction procedures in Saudi Arabia. We referenced their regulations when calculating typical buyer costs. |
| ZATCA Official Website | ZATCA is Saudi Arabia's tax and customs authority with official guidance on real estate taxation. | We verified current RETT rates and VAT treatment using ZATCA publications. We used this to ensure our tax cost calculations reflect current Saudi Arabian regulations. |
| Saudi Vision 2030 | Vision 2030 is the official Saudi government program outlining economic diversification and development plans. | We referenced Vision 2030 to explain the structural factors driving housing demand in Saudi Arabia, particularly in cities benefiting from major development projects and job creation. |
| JLL Global Research | JLL is one of the world's largest real estate services firms with extensive research capabilities. | We used JLL's broader research to contextualize Saudi Arabia within regional real estate trends. We referenced their market dynamics reports for transaction volume patterns and buyer preferences. |
| Knight Frank Global Research | Knight Frank is a global real estate consultancy with specialized coverage of luxury and prime markets. | We used Knight Frank research to benchmark Saudi Arabian luxury pricing against regional and global standards. We referenced their villa and premium apartment data for high-end market segments. |
| Cavendish Maxwell | Cavendish Maxwell is a leading real estate consultancy in the Middle East with regular market reports. | We relied on Cavendish Maxwell as our primary source for current price-per-square-meter data in major Saudi Arabian cities. We used their quarterly reports to track price trends and market commentary. |
| Saudi Real Estate Platforms | Local real estate platforms provide current listing data and market activity indicators. | We cross-referenced listing prices from Saudi platforms to verify that our price ranges reflect actual market offerings. We used this to calibrate the gap between listing and closed prices. |
| Ministry of Housing | The Saudi Ministry of Housing oversees housing policy and provides market data and program information. | We referenced Ministry of Housing data to understand government housing initiatives and their impact on market supply. We used this context when discussing affordability trends in Saudi Arabia. |
| Ministry of Commerce | The Saudi Ministry of Commerce regulates business activities including real estate transactions. | We verified regulatory requirements and standard practices using Ministry of Commerce guidelines. We referenced this when explaining transaction processes and fee structures. |
| International Monetary Fund | The IMF provides macroeconomic analysis and forecasts for Saudi Arabia's economy. | We used IMF economic outlooks to contextualize the demand drivers behind Saudi Arabian housing prices, including GDP growth and employment trends that affect purchasing power. |
| World Bank | The World Bank provides economic data and analysis on housing markets and urbanization trends. | We referenced World Bank data on Saudi Arabian urbanization and demographic trends to explain long-term housing demand. We used this for our 10-year price comparison context. |
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