As the Saudi real estate market continues its efforts to maintain the momentum of activity and investment, the results of real estate companies listed in the real estate management and development sector on Tadawul revealed a mixed picture during the first quarter of 2026, and reveals that the sector as a whole came under pressure reflected in profitability and sales levels, ending the first quarter with a lower performance compared to the same period last year.

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Massive decline in profits despite the strong performance of some companies
The results of companies in the real estate management and development sector real estate listed on the Saudi main market showed that the consolidated net profit attributable to shareholders during the first quarter of 2026 decreased to about 1. 42 billion riyals, compared to 2.05 billion riyals in the same period last year.42 billion riyals, compared to 2.05 billion riyals during the same period in 2025, representing a decline of 30.56%, with a difference of more than 625 million riyals.
The quarterly comparison showed an even greater decline, as consolidated profits decreased by 43.65% compared to the fourth quarter of 2025, when the sector profits reached about 2.52 billion riyals.

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"Real Estate“ tops the profitability scene
The Saudi Real Estate Company came at the top of the most profitable companies during the first quarter of this year, after recording a net profit of 475.7 million riyals, achieving an exceptional growth of more than 251% compared to the same period last year.
Dar Al Arkan came in second place with a net profit of 260.SAR 24 million, benefiting from a year-on-year growth of 24.3%.
Senomy Centers came in third place with a profit of SAR 202.5 million, despite recording a year-on-year decrease of 6.6%.
In the next ranks, Mecca Company recorded a profit of SAR 162.2 million with a growth of 8.06%, while Taiba Company achieved a net profit of SAR 124.8 million, although it decreased by 4.95% year-on-year.

Taiba Company achieved a net profit amounting to SAR 124.8 million, although it decreased by 4.95% year-on-year.

Pressure on Jabal Omar and Retal's results
On the other hand, some companies witnessed a significant decline in profitability levels, as Jabal Omar's net profit decreased by 87.6% to reach about SAR 117 million, while Retal's profits fell by 12.Overall, 15 listed companies in the sector managed to achieve profits during the first quarter of this year, while Knowledge Economic City and Emaar recorded net losses of 15.43 million riyals and 180 million riyals, respectively.

On the other hand, some companies witnessed a significant decline in profitability levels, as Jabal Omar's net profit decreased by 87.6% to reach about 117 million riyals, while Retal's net profit decreased by 12.

Sales decline despite the growth of 10 companies
In terms of revenue, the real estate management and development sector recorded a limited decline during the first quarter of 2026, with consolidated sales declining by 4.45% compared to the same period last year.The sector's total revenues amounted to about SAR 5.89 billion, compared to SAR 6.16 billion in the first quarter of 2025.
This decline came despite ten companies succeeding in increasing their sales during the period, but the decline in revenues of seven other companies was enough to put pressure on the overall performance of the sector.

Dar Al Arkan tops revenues
Dar Al Arkan retained its position as the top listed real estate company in terms of revenue volume, after recording sales of 1.16 billion riyals during the first quarter, an annual growth of 24.8%.
Jabal Omar came second with revenues of 739.17 million riyals, but recorded a slight decline of 1.1% compared to the same period last year.

The Red Sea Company recorded revenues of 631.22 million riyals, a decrease of 9.9%, while Sinomi Centers” revenues amounted to 582.5 million riyals, a slight decline of 1.37%.
Retal achieved revenues of 577.4 million riyals, recording a year-on-year growth of 1.8%.

Retal achieved a revenue of 577.4 million riyals, recording a year-on-year growth of 1.81 TP3T.

Retal was the most successful company in terms of revenues.

Weaker quarterly performance for the sector
When comparing Q1 2026 to Q4 2025, the pressures are even more pronounced, with revenues falling by 11.69% from SAR 6.67 billion in the previous quarter.

Weaker quarterly performance for the sector