Amidst major shifts in the Saudi real estate market, and within indicators reflecting the continued momentum in the sector, the real estate price index recorded a remarkable rise during the first quarter of 2025, reflecting a state of growth and increasing demand in light of economic developments and ongoing development projects in the Kingdom.
According to official data from General Authority for Statistics (GAS). According to official data released by the General Authority for Statistics, the real estate price index in the Kingdom increased by 4.3% during the first quarter of 2025, compared to the same period last year.
According to the official data released by the General Authority for Statistics <According to the data, the real estate index reached 104.93 points in the first quarter of 2025, compared to 100.59 points in the same quarter of 2024, based on the new base year of 2023. These figures come in light of the application of an updated methodology for calculating the real estate price index, which the CRA started adopting since the third quarter of 2024, in cooperation with the General Real Estate Authority, the Ministry of Justice, and the Central Bank of Saudi Arabia, to enhance the accuracy and reliability of the index, in line with the structural developments in the Saudi real estate market.
These figures come in light of the application of an updated methodology for calculating the real estate price index, which the CRA started adopting since the third quarter of 2024.
The real estate price index in Saudi Arabia includes three main sectors, each of which includes a group of real estate items. At the forefront is the residential sector, which includes: plots of land, villas, apartments, and townhouses, followed by commercial, which includes: plots of land, buildings, galleries/shops, and finally the agricultural sector, which is limited to agricultural land.
The General Authority for Statistics indicated that residential real estate prices recorded an annual increase of 5%.1% during the first quarter of 2025, bringing the index to 104.26 points, compared to the same period in 2024.
The commercial sector grew by 2.5%, with the index reaching 107.20 points during the first quarter, compared to the same quarter last year.
In contrast, the agricultural sector registered a slight decline of 1.1%, dropping to 100.87 points compared to the first quarter of 2024.
At the level of administrative regions, Riyadh topped the list of regions with the highest increase in real estate prices during the first quarter of this year, with a growth rate of 10.7%, followed by Northern Borders with 8.7%, followed by Jouf with 8.2%.
