Saudi Real Estate Prices Rise 4.3% in Q1 2025
GASTAT data shows residential prices led growth with a 5.1% increase, while agricultural land declined slightly.
Saudi Arabia’s real estate market recorded a 4.3% year-on-year increase in prices during the first quarter of 2025, according to the latest figures from the General Authority for Statistics (GASTAT). The rise was driven primarily by residential properties, which account for nearly three-quarters of the real estate price index.
Residential property prices rose by 5.1% compared to Q1 2024. Within this category, residential land—making up the largest sub-sector—grew by 5.3%. Villas posted the highest year-on-year increase at 10.3%, while apartments saw more modest growth at 1.2%. Residential floor units rose by 2.8%.
Commercial real estate prices increased by 2.5% over the same period. Commercial land rose by 2.4%, while prices for commercial buildings climbed 3.1%. Shops and gallery spaces registered the sharpest growth in the segment, increasing by 5.1%.
Meanwhile, the agricultural sector was the only category to experience a decline. Prices for agricultural land dropped by 1.1%, continuing a downward trend seen in recent quarters.
The overall growth reflects continued demand in Saudi Arabia’s real estate market, bolstered by population growth, housing initiatives, and infrastructure investment under Vision 2030. Residential price increases—particularly for villas—underscore shifting preferences and the government’s push to increase home ownership among Saudi nationals.
