The Saudi real estate market witnessed a significant annual decline in the value of transactions during March 2026, amid a clear decrease in activity in the residential and non-residential sectors, in conjunction with the advent of Ramadan and Eid al-Fitr, while the rental market continued to record uneven growth in terms of values and contracts.

According to data from The General Authority for Real Estate, the value of real estate transactions in the Kingdom decreased by 65% during March 2026, to record about 19.37 billion riyals, compared to 55.The performance was affected by the decline in the residential sector by 67% to reach SAR 12.03 billion, while the value of non-residential sector transactions decreased by 60% to reach SAR 7.34 billion. The number of real estate transactions also recorded a decline of 52% in both sectors, as the number of residential transactions amounted to 14.222 thousand transactions, compared to 1.500 thousand transactions for the non-residential sector.

At the level of residential real estate types, the values of all categories decreased without exception, with land leading the decline with 76%, followed by villas with 61%, then apartments with 48%, duplexes with 28%, and houses with 22%, while the "other" category recorded a decrease of 67%.In terms of the number of transactions by property type, land transactions fell by 59% to 7.720 thousand transactions, villas fell by 36%, apartments by 43%, houses by 23%, and duplexes by 19%.

In terms of the number of transactions by property type, land transactions fell by 59% to 7.720 thousand transactions.

At the regional level, Riyadh topped the real estate market in terms of transaction value, accounting for 48% of the total market with a value of SR 9.38 billion, followed by the Makkah region with a share of 26% and a value of SR 4.97 billion, then the Eastern Province with 12% and a value of 2.The three regions together accounted for 86% of the total value of the real estate market in the Kingdom.
Riyadh also came first in terms of the number of real estate transactions with a total of 4.773 thousand transactions representing 30% of the total market, followed by Mecca with 3.143 thousand transactions, then the Eastern Province with 2.504 thousand transactions.

Riyadh also came first in terms of the number of real estate transactions with a total of 4.773 thousand transactions representing 30% of the total market, followed by Mecca with 3.143 thousand transactions, then the Eastern Province with 2.504 thousand transactions.

In contrast, the rental market recorded a growth in the value of transactions by 6% to reach SAR 7.66 billion, supported by a rise in the residential sector by 7%, along with growth in the non-residential sector by 6%.
The number of rental contracts increased slightly by 0.2% to reach 228.688 thousand contracts, as residential contracts increased by 1%, although non-residential contracts decreased by 2%.

Rental contracts also increased slightly by 0.2% to reach 228.688 thousand contracts, as a result of an increase in residential contracts by 1%, although non-residential contracts decreased by 2%.

While the number of rental transactions decreased by 2% to 274.786 thousand transactions, affected by the decline in residential transactions by 2% and non-residential by 3%.
Riyadh also topped the rental market with a value of 3.21 billion riyals, accounting for 42% of the total market, followed by Mecca with 1.97 billion riyals, then the Eastern Province with 1.08 billion riyals, and Riyadh ranked first in terms of the number of rental transactions with a total of 88.397 thousand transactions.

Riyadh also came first in terms of the number of rental transactions with a total of 88.397 thousand transactions.