The residential property price map in Madinah witnessed mixed movements during August 2026, with 11 neighborhoods recording an increase in the average price per meter compared to July, while other neighborhoods saw their prices decline or remain stable, according to data from a report issued by Al-Muqarr Development and Investment Company, the investment arm of the Madinah Region Municipality.
The report noted the disparity in price movements between the city's neighborhoods located within its southern, eastern, western, and northern axes, reflecting a clear difference in market performance from one neighborhood to another during August.
The south is recording mixed price movements.
The southern region stood out among the areas that witnessed significant movements in residential property prices , with four neighborhoods recording an increase in the average price per square meter during August. The average price in the Shuran neighborhood rose by 0.31 TP3T, reaching SAR 1,226 per square meter for residential properties, compared to SAR 1,242 for commercial properties. Similarly, the average price per square meter in the Abyar Al-Mashi neighborhood increased by 2.751 TP3T, reaching SAR 373 for residential properties and SAR 382 for commercial properties.
The Awali Qubaa district recorded a 13.51 TP3T increase, bringing the average price per square meter to SAR 2,492 for residential properties and SAR 4,270 for commercial properties. Meanwhile, the average price in the Hamra Al-Asad district rose by 10.61 TP3T. Conversely, four other districts in the southern region experienced a decrease in average residential property prices. Al-Gharraa district saw the largest decline, dropping by 10.21 TP3T, followed by Al-Sakab district with a 4.81 TP3T decrease, Al-Nubalaa district with a 21 TP3T decrease, and Al-Ranunaa district with a 0.21 TP3T decrease.
The average price per square meter for residential properties in Al-Nubala neighborhood reached 1,231 riyals, compared to 1,598 riyals for commercial properties. In Al-Ranuna neighborhood, the average price per square meter was 1,517 riyals for residential properties and 2,614 riyals for commercial properties. Al-Sakab neighborhood recorded an average price of 1,025 riyals per square meter for residential properties and 1,694 riyals for commercial properties, while the Urwa and Al-Khatim neighborhoods maintained stable average prices during August.
Three neighborhoods in the west continue to rise
The price increases extended to the western axis, which recorded growth in the average price per square meter of residential property within 3 neighborhoods during August.
The Defense District recorded an increase of 7.61%, bringing the average price per meter to 1485 riyals for residential properties and 2540 riyals for commercial properties.
The average price in Abu Murkha neighborhood also increased by 8.28%, recording 928 riyals per square meter for residential properties and 1000 riyals for commercial properties.
In Al Salam district, the average price per meter grew by 5.56%, reaching 1216 riyals for residential properties and 2372 riyals for commercial properties.
In contrast, the average price per meter for residential properties in the Al-Jamawat neighborhood on the western axis remained stable during the same period.
Baqdou leads the eastern axis in terms of heights
The eastern axis also witnessed increases in average residential property prices, with 4 neighborhoods recording growth during August, while the price remained stable in the Shatha and King Fahd neighborhoods.
Al Khadra neighborhood recorded an increase of 1.37%, with the average price per meter reaching 816 riyals for residential properties and 1113 riyals for commercial properties.
As for the Baqdou neighborhood, it recorded the highest increase in the eastern axis, after the average price per square meter for residential properties increased by 20.5%, reaching 2307 riyals.
The average price in the Muzainib neighborhood increased by 1.6%, recording 2388 riyals per square meter for residential properties and 2422 riyals for commercial properties, while the Al Namudhaji neighborhood recorded a growth of 4.5%.
In contrast, the average price per square meter for residential properties in the eastern part of the city decreased by 7.56%.
Sharp decline in prices in some northern neighborhoods
Price movements in the northern axis took a different direction, after the report data showed a decline in average residential property prices in a number of its neighborhoods.
The Katana district recorded the largest decrease in the axis, at 32.61%, bringing the average price per square meter to SAR 655 for residential properties and SAR 805 for commercial properties. The average price in the Al-Mundasah district also decreased by 10.31%, registering SAR 235 per square meter for residential properties and SAR 260 for commercial properties.
In contrast, the Al Zubair Oasis district maintained stable average prices during August.
