Real estate prices in Saudi Arabia are stable across all sectors, with customer inquiries continuing at a steady pace.
Stabilization of luxury hotel prices
The report indicated that the prices of the luxury hotel basket in the Kingdom recorded stability during the second week of March 2026, compared to the first week, as hotel prices did not change in Jeddah, while prices decreased slightly in Riyadh by 2%, Mecca by 5%, and Medina by only 3%.
The report indicated that the prices of the luxury hotel basket in the Kingdom recorded stability during the second week of March 2026, compared to the first week, as hotel prices did not change in Jeddah, while prices decreased slightly.
Financial Markets Activity
Continued development activity
Average unit prices and rents The report added that the average room rates in luxury hotels were relatively stable, with continued activity in the office and residential sectors, while rents remained stable without significant changes, reflecting the continued stable demand for real estate, residential and commercial units.
The Knight Frank report reveals the ability of the Saudi real estate market to maintain its stability and development activity, with clear flexibility in the face of any seasonal fluctuations, ensuring that projects continue without any stoppages or delays. The Knight Frank report reveals the ability of the Saudi real estate market to maintain its stability and development activity.
On the financial markets, the report showed that the Saudi stock index "TASI" has recovered by 4.5% since the beginning of March, reaching 10,942 points after hitting a low of 10,475 points, reflecting partial stabilization in the Saudi stock markets.
The report confirmed that development activities in the residential, commercial and hospitality sectors continue according to the specified timelines, without any delays or suspension of projects, reflecting the market's ability to adapt to demand changes and the continued implementation of real estate development plans in the Kingdom.
The report added that the average room rates in luxury hotels were relatively stable, with continued real estate activity in the office and residential sectors, while rents remained stable without significant changes, reflecting the continued stable demand for real estate, residential and commercial units.
