Reformation Journey: From Land to Contract
D. Imad Al-Abdulrahman
Since the directives of His Highness the Crown Prince, the features of a profound transformation began to take shape in the Saudi real estate market, decisions that focused on liberalizing land, adjusting the contractual relationship, and enhancing transparency, so that the system actually moves from the land to the contract.
In a short period of time. In a short period of less than 90 days, the real estate sector recorded qualitative leaps:
Real estate contracts grew by 97% in the first quarter of 2025.
118 billion riyals volume of real estate transactions during 2024.
Slowdown in price appreciation by only 4.3%.
8.14 billion riyals of residential financing in one month (October 2024).
But interestingly, these effects vary between major cities, depending on market data and operational readiness:
Final comparison between major cities:
Final comparison between major cities:
Final comparison between major cities:
| Index | New Contracts | Land Offered | Mortgage (90 days) |
| Riyadh | 41,000 contracts | 40,000 pieces | 3.1 billion riyals |
| Jeddah | 33,000 contracts | 12,000 pieces | 2.4 billion riyals |
| Dammam | 22,000 contracts | 5,000 pieces | 1.8 billion riyals |
| Price growth | -10% to +3% | +2.7% | +1.2% |
Between expansion in northern Riyadh, rebalancing in Jeddah, and rapid growth in Dammam, the figures confirm that the real estate market is entering a new, more organized phase, paving the way to achieve the vision's targets in quality of life and ownership empowerment.
Economic Media
