Saudi real estate prices rose 1.2% year-on-year in the third quarter of 2026, with residential land leading the gains, The figures offer a fresh snapshot for buyers, renters, and investors tracking the market in Riyadh, Jeddah, and across the Kingdom.
Residential property prices climbed 2.3% compared with the same period a year earlier. The strongest movement came from residential land values, which rose 4.9%. Apartment prices increased 1.7%, while residential floor-unit prices edged up 0.8%.
The quarterly picture, however, was softer. The overall index slipped 1.2% compared with the previous quarter. Residential prices fell 1.5% quarter-on-quarter, and residential land prices declined 2.1%, suggesting a short-term easing even as annual values remained higher.
What buyers should budget for
Beyond the headline price, buyers should factor in the Real Estate Transaction Tax, set at 5% of the transaction value. On a SAR 1,000,000 property that works out to SAR 50,000, and on a SAR 2,000,000 property it reaches SAR 100,000. The first registration of a property is free under the Real Estate Registration Law.
Non-Saudi buyers may also face a disposal fee of up to 5%, though the rate currently applied in Riyadh, Jeddah, Makkah, and Madinah is reported at 2%. For the community, the data points to a market that is still growing annually—particularly for land—while cooling slightly in the short term, giving prospective buyers a clearer sense of timing and total costs.
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