Riyadh Residential Demand Pushes Property Prices Up 1.2%
Saudi Arabia‘s real estate price index climbed 1.2% year-on-year to reach 105.1 points during the third quarter of 2026, driven primarily by sustained residential demand across the Kingdom. Regional property investors and housing developers faced a shifting market environment as residential land plot prices surged by 4.9% from a year earlier.
Data released by the General Authority for Statistics showed that the third-quarter index figure represented a 1.2% decline compared with the previous quarter, indicating a natural moderation in momentum following earlier surges. Residential real estate remained the dominant force in the sector, accounting for nearly three-quarters of the index weighting while pushing residential property prices up 2.3% annually.
Reportage Saudi Arabia Pledges 1.1 Billion Riyals for Capital Expansion
Reportage Saudi Arabia announced a 1.1 billion Saudi riyal investment package to advance construction across its Riyadh residential portfolio, focusing specifically on the Najd communities located within the capital’s Al Arid district. Eslam Hammam, chief executive of Reportage Properties Group in Saudi Arabia, stated that the multi-billion-riyal injection reflected long-term confidence in the national economy and the property sector’s durability.
The firm noted that its development strategy aligns directly with Saudi Vision 2030 and the Royal Commission for Riyadh City’s directives to expand urban green spaces, diversify housing availability, and enhance overall quality of life in the capital. Ayed Al-Juaid, chairman of Reportage Saudi Arabia, emphasized that corporate performance rests on transforming development plans into tangible physical achievements on the ground rather than relying on project announcements alone. The latest capital allocations highlight ongoing developer commitment to the Riyadh housing market despite broader quarterly price cooling across the wider Saudi real estate environment.
