The real estate market in Saudi Arabia witnessed strong activity during the second quarter of 2025, as real estate deals whether residential or commercial recorded a total value of more than 135.5 billion riyals, according to the report of The General Real Estate Authority.
The real estate market in Saudi Arabia witnessed strong activity during the second quarter of 2025. Residential transactions came in the lead with a value of 71.8 billion riyals through 62,488 transactions, while the value of commercial transactions amounted to 63.7 billion riyals through 4,454 transactions, while the agricultural sector recorded 1,850 transactions with a total of 3.3 billion riyals.
In terms of off-plan sales projects, 48 new licenses were issued during the same period, and the number of existing units within this system reached 9,348 units, noting a decrease of 41% in the number of units compared to the second quarter of 2024.
With regard to off-plan sales projects, 48 new licenses were issued during the same period. In terms of real estate financing, new housing finance loans provided to individuals through commercial banks increased by 3.7%, reaching SR19.6 billion during the second quarter of 2025 compared to the same period of the previous year.
New housing finance loans provided to individuals through commercial banks increased by 3.7%, amounting to SR19.6 billion during the second quarter of 2025 compared to the same period of the previous year.
The report also showed a growth of 3.2% in financing provided by real estate finance companies, with total outstanding mortgage loans reaching about 961.44 billion riyals as of the end of the second quarter.
In details, loans from commercial banks increased by 14.5%, while loans from finance companies increased by 4.1% compared to the second quarter of 2024.
Financing companies' loans increased by 4.1% compared to the second quarter of 2024. As for the contribution of the real estate sector to the national economy, it reached 13.8% of GDP during the second quarter of 2025, with a growth of 3.3% in the value of output compared to the same period last year.
The real estate sector accounted for 25.5% of the total non-oil private sector contribution, with GDP growth for construction, building and real estate activities registering 2.6% during the same period.
