The value of real estate transactions in the Saudi market fell 65% year-on-year (YoY) in March 2026 to around SAR 19.37 billion, from SAR 55.18 billion on weaker activity in the residential and non-residential sectors.
Residential real estate transaction value reached SAR 12.03 billion in March, down 67% YoY, while non-residential deals dropped 60% YoY to SAR 7.34 billion.
Last March largely coincided with Ramadan and the Eid Al Fitr holiday period.
Transaction Values (SAR bln)
|
Type |
March 2025 |
March 2026 |
Change |
|
Residential |
37 |
12.03 |
(67%) |
|
Non-residential |
18.18 |
7.34 |
(60%) |
|
Total |
55.18 |
19.37 |
(65%) |
The number of real estate transactions saw a notable decline in March 2026, with both residential and non-residential sectors falling equally by 52%.
No. of Transactions by Sector
|
Sector |
March 2025 |
March 2026 |
Change |
|
Residential |
29,489 |
14,222 |
(52%) |
|
Non-residential |
3,110 |
1,500 |
(52%) |
|
Total |
32,599 |
15,722 |
(52%) |
Residential transaction values declined across all property types in March 2026 compared to the previous year, with land recording the steepest drop at 76%.
Residential Transaction Value by Property Type (SAR bln)
|
Type |
March 2025 |
March 2026 |
Change |
|
Land |
24.30 |
5.87 |
(76%) |
|
Villa |
4.92 |
1.94 |
(61%) |
|
Apartment |
4.53 |
2.37 |
(48%) |
|
Duplex |
1.01 |
0.73 |
(28%) |
|
Floor |
0.86 |
0.67 |
(22%) |
|
Others |
1.37 |
0.45 |
(67%) |
Data also showed a broad decline in the number of residential transactions across all property types in March 2026.
No. of Residential Transactions by Property Type
|
Type |
March 2025 |
March 2026 |
Change |
|
Land |
19,008 |
7,720 |
(59%) |
|
Villa |
1,995 |
1,277 |
(36%) |
|
Apartment |
6,234 |
3,529 |
(43%) |
|
Floor |
921 |
707 |
(23%) |
|
Duplex |
791 |
641 |
(19%) |
|
Others |
540 |
348 |
(36%) |
Liquidity was concentrated in major regions, with Riyadh accounting for 48% of total transaction value, followed by Makkah at 26% and the Eastern Province at 12%, with the three regions together representing 86% of total real estate transaction value.
Top Regions by Real Estate Transaction Value
|
Region |
Value (SAR bln) |
Share |
|
Riyadh |
9.38 |
48% |
|
Makkah |
4.97 |
26% |
|
Eastern Province |
2.36 |
12% |
|
Madinah |
0.85 |
4% |
|
Qassim |
0.41 |
2% |
Riyadh also led in transaction volume, accounting for 30% of total deals executed across the Kingdom.
Data showed that nearly two-thirds of market activity was concentrated in three main regions: Riyadh, Makkah, and the Eastern Province.
Top Regions by Number of Real Estate Transactions
|
Region |
Transactions |
Share |
|
Riyadh |
4,773 |
30% |
|
Makkah |
3,143 |
20% |
|
Eastern Province |
2,504 |
16% |
|
Qassim |
1,278 |
8% |
|
Madinah |
747 |
5% |
Rental market: Transaction value rises 6% to SAR 7.66 billion in March 2026
Rental transaction value increased to around SAR 7.66 billion in March 2026, compared to SAR 7.2 billion in March 2025, marking a 6% YoY rise.
Rental Transaction Value by Sector (SAR bn)
|
Sector |
March 2025 |
March 2026 |
Change |
|
Residential |
3.80 |
4.06 |
+7% |
|
Non-residential |
3.40 |
3.60 |
+6% |
|
Total |
7.20 |
7.66 |
+6% |
The rental market showed relative stability in overall activity, with total lease contracts rising slightly by 0.2% YoY.
Residential contracts improved by 1% to 181,950, while non-residential contracts declined marginally by 2%.
No. of Lease Contracts by Sector
|
Sector |
March 2025 |
March 2026 |
Change |
|
Residential |
180,831 |
181,951 |
+1% |
|
Non-residential |
47,469 |
46,737 |
(2%) |
|
Total |
228,300 |
228,688 |
+0.2% |
However, the rental market recorded a 2% YoY decline in the total number of transactions in March 2026.
This decline was driven by a 2% drop in residential transactions and a 3% decline in non-residential transactions.
No. of Rental Transactions by Sector
|
Sector |
March 2025 |
March 2026 |
Change |
|
Residential |
208,752 |
205,466 |
(2%) |
|
Non-residential |
71,155 |
69,320 |
(3%) |
|
Total |
279,907 |
274,786 |
(2%) |
Riyadh topped regions in rental transaction value at SAR 3.21 billion, followed by Makkah at SAR 1.97 billion.
Top Regions by Rental Transaction Value
|
Region |
Value (SAR bn) |
Share |
|
Riyadh |
3.21 |
42% |
|
Makkah |
1.97 |
26% |
|
Eastern Province |
1.08 |
14% |
|
Madinah |
0.38 |
5% |
|
Aseer |
0.23 |
3% |
Riyadh also ranked first in the number of rental transactions, recording 88,400 deals, representing 32% of total transactions across the Kingdom.
Makkah came second with 66,600 transactions (24%), followed by the Eastern Province with 47,400 transactions (17%).
Top Regions by No. of Rental Transactions
|
Region |
Transactions |
Share |
|
Riyadh |
88,397 |
32% |
|
Makkah |
66,572 |
24% |
|
Eastern Province |
47,399 |
17% |
|
Madinah |
14,746 |
5% |
|
Aseer |
12,549 |
5% |
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